Mobile Home Park Market

There are approximately 45,000 mobile home parks across the nation, while only a handful of real estate management companies specialize in mobile home park management. Most mobile home parks have traditionally been owned and operated by “mom & pop” operators or investors who own one or more parks, while a small percentage are owned by institutions. The popularity of mobile home parks and the availability of financing have recently drawn a substantial number of brokers, investors, and institutions into the space, yet the market remains significantly fragmented.

The majority of mobile home parks are the older existing, small, and medium-sized mobile home parks historically owned by operators without the adequate resources or knowledge to manage their parks and residents effectively. We believe the market will remain fragmented for the following reasons.

• Small and medium size mobile home parks do not have sufficient revenue to support full-time onsite management.
• Small and medium size mobile home parks are spread throughout multiple locations in any one geographic location, creating difficult physical and logistical management challenges.
• Most of these small and medium sizes Mobile Home Parks were built in the 60s, 70s, and 80s and have old, failing infrastructure and unknown obstacles that can surface, derailing stabilization and ongoing management efforts.
• Mobile Home Parks have been mismanaged and neglected to create a backlog of deferred maintenance
• Mismanagement, neglect, inadequate tools and resources, and lack of oversight have created a consequence of existing residents being resigned, cynical, and not following community guidelines.
• Local municipalities, regulatory agencies, code of ordinances related to mobile home parks, local enforcement, and their inconsistent restrictions and obstacles derail efforts to stabilize and manage mobile home parks.

ParkNation Offers Mobile Home Park Investment and Management Services

Although the mobile home park market is significantly fragmented and has difficult challenges, these obstacles represent opportunities when equipped with ParkNation’s tools and resources. Our mobile home park management program is designed specifically for small and medium-sized mobile home parks with offsite managers, extensive knowledge, experience, and the rigorous implementation of the processes within this procedure’s manual, which is the key to capitalizing on these opportunities.

ParkNation’s effective management program and extensive knowledge will capture and capitalize on these opportunities.