For those of you interested in purchasing parks with private utilities what is your due diligence process? The reason I ask is that I have become a participant on the forum to learn about owning and operating mobile home park. My primary business is operation and management of drinking water and waste water systems. My goal is to buy multiple parks but I presently don’t own any. I tend to chim in when questions come up to give back to the forum. Here is the real question do those who want to buy parks on private utilities do you hire one company to do the due diligence (similarly to a phase 1 inspection) and write a global report and the condition of both drinking water and sewer systems or do it piece meal? In my mind it would be worth it to have one company give you a comprehensive report. I have not seen anyone offering that service. I hear people say get the sewer lines camera, call local regulators,… Why not have an expert oversea all due diligence and talk to government, write a report, reviewing operating costs, outlining potential and future cap ex cost and current deficiencies (regulatory or other wise). I see lots of questions asked that indicate that not even the right questions are being asked. Do don’t know what you don’t know sort of deal.
This company would need to have experience in drinking water, and waste water operations and understand the business side of their operations potential candidates would be engineering firm, or company similar to mine that operates multiple drinking water and waste water systems.
Im not trying to pitch a service I just see a need that no seems to be filling.