Skip to content
Mobile Home Park Investing

User Stats

85
Posts
50
Votes
Roger D Jones#1 Mobile Home Park Investing Contributor
50
Votes |
85
Posts

And we wonder why...

Roger D Jones#1 Mobile Home Park Investing Contributor
Posted Apr 20 2024, 20:52

Working at one of my parks all day today and took a lunchbreak to visit a neighboring park that had been purchased four years ago by an out of state private equity group with out of state management.  I was shocked.  Absolutely destroyed.  No oversight, Trash uncollected and piled up. Multiple irrigation breaks.  Talking to residents power has been shut off to the park three times in the last two years while water has been shut off four times- all for non payment by the park.  No repairs made to park owned homes.  Rents have doubled with autopayment mandated via credit cards.  Park management phones and emails disconnected.  City has called my maintanance manager twice to go and solve critical water leaks when they can't reach the new owners.

And we complain about unfair journalism and government oversight.   When our weakest links operate like this we get exactly what we deserve.

Loading replies...