Rolfe was still winding down his business in 2006 when he met Dave Reynolds at an industry conference. Rolfe doesn’t offer much practical advice about overcoming any embarrassment in associating yourself with the trailer-park business. University Oaks is located in Mobile, AL, providing a vibrant backdrop for your new life as a valued member of our caring community. With over 20% of Americans trying to live on $20,000 per year or less, the demand for mobile homes has never been higher and the big winners are the owners of the mobile home parks in which those customers reside. More typical was the view of Alisha Stanek, a 22-year-old high-school dropout with an 8-month-old daughter. 9: 151: December 9, 2020 Average … For those who already own a mobile home park we offer a first-class Mobile Home Park Manager Training Course that is like an on-line defensive driving course for mobile home park managers to get your staff off on the right foot. Helpful Links. Whether you own 100 mobile home parks or are just thinking of buying one. Find out how customers rated its service in our Asda Mobile review. WELCOME TO MOBILE HOME MILLIONS ACADEMY BY CHIMENE VAN GUNDY! Menu & Reservations Make Reservations . Mobile Home Parks in Edwardsville on YP.com. Everything you need to know about how to locate, evaluate, negotiate, perform due diligence on, finance, turn-around and operate a mobile home park is available right on this site. “Don’t get too hung up on appearances,” Frank Rolfe reminded us as our tour bus made its way to the first of several trailer parks we would visit on a bright Saturday afternoon in Southern California. Barrington University, was incorporated, licensed and headquartered in Mobile, Alabama offering … By 2007, he had sold his entire portfolio, earning about as much on his trailer parks, he says, as he did from the sale of his billboard company. The Mobile Home Park Investors Podcast is the world’s first podcast dedicated to mobile home park investing. Rolfe avoids buying any parks in New York and California; both states are too “tenant friendly,” he said — too much in the way of time and money are required to evict someone who is behind on the rent. Not that the marketing departments at either Zell’s or Buffett’s company would describe one of its properties as a “trailer park.” They wouldn’t even use “mobile-home park.” Clayton builds and provides the financing for “manufactured homes” — grand things compared with the typical trailer — that end up in “manufactured-home communities” like the ones owned and operated by Equity LifeStyle. They were nervous about retirement. MHU has been the industry leader in accurate information about the mobile home park industry for over a decade, having been established by Frank Rolfe and Dave Reynolds, who are the 5th largest owners of mobile home parks in the U.S., with over $500 million in assets. Among those I spent time with in Orange County was Jefferson Lilly, who had made a lot of money working sales jobs at a series of Silicon Valley-based technology start-ups. MHVillage provides an extensive, nationwide network of mobile home dealers to help you find your best possible home match. “If we look on Zillow and see houses selling for $30,000 or $50,000, we’re walking from that deal,” Rolfe said. Closed Now . Full Sail University is a trade school specializing in higher learning that offers a variety of degrees in audio, film, design, computer animation, and other fields. Can a business that’s trying to squeeze every dime out of the working poor still offer them a pretty good deal? “I dream of going to an office.”. That's why we are the resource that the professionals use to gather information on the industry, from large-scale investors in other asset classes, to appraisers, lenders and, of course, individuals who want to acquire mobile home parks. In most of the country, the key to calibrating the proper rent means knowing the price of a decent two-bedroom in the surrounding area. Hi Everyone! “It’s just an absolutely great time to be in the mobile-home business, with all the people who have been displaced from their homes because of foreclosures or they’ve lost a job or what have you,” says Stu Silver, who runs a rival trailer-park seminar called SAM (“special advanced mentoring”) camp. This information can be found all over this site, from our free mobile home park investing articles to our free mobile home park investing book that is available to download. Back then, he imagined he would earn an M.B.A. and maybe work at an investment bank. We also provide, free of charge, a mobile home park investing forum, that you can contribute to and learn from, as well as a monthly mobile home park investing newsletter and even our free weekly Mobile Home Park Mastery podcast series. At that point, a great many Stanford grads were lured to technology by the fortunes that could be made investing in dot-com start-ups. Trailer-park residents living in the North, he told everyone, are rock-solid citizens compared with their counterparts in the South. Or what if Pontoon Beach is simply your best option? Somewhere between 30 and 40 people sign up for the course when it’s held in Denver, say, or Columbus, Ohio. But then a couple of years ago, Reynolds calculated the hours he was devoting to teaching a three-day course six times a year during boom times for the trailer-park industry. delivered to her a box of wooden ducks dressed in yellow raincoats.) The residents had planted shrubs and rose bushes and small flower beds bordered by rocks. “The trailer trash, redneck jokes I’ve been hearing since the day I moved in,” she said. Mobile homes and mobile home parks are in a league all by themselves. Email this Business (909) 796-8810. Why You Should Never Build A Mobile Home Park. The industry “sweet spot” is a lot rent of $495, he explained, but raising it by another $5 “could mean death.” On the other hand, Rolfe said, you can always have your tenants pay for water, which is a trailer-park owner’s largest expense. You have to know the ins and outs of what separates the winners from the losers before you invest. It was Day 2 of Mobile Home University, an intensive, three-day course on how to strike it rich in the trailer-park business. Utility Warehouse Mobile also offers mobile handsets on a two-year contract from as low as £1 per month, although this is a charge for the handset only and does not include a Sim plan. Find the best campgrounds & rv parks near Mobile, Alabama. If the going rate is $700 a month, Rolfe said, then cap your lot rent at half that. More than half of that was profit. As for features like swimming pools? “The first thing I did was get a concealed-handgun license,” Rolfe says. University Mobile Home Park mobile home park located in Spokane Valley, WA. “We can’t imagine wanting to live anywhere else,” said Wright, who scoffed when I pointed out she’s on the company payroll. Mobile Home Park in Spokane Valley, Washington. Rolfe is a tall, slouchy man with sad blue eyes and a mop of dark hair that has gone gray around the temples. “I was the middle-class kid suddenly having to live among the poor,” he said about the few months he had to live in his parents’ park as a kid. 7 The average price per square footage was only $49 for mobile homes compared to $107 for site-built homes in 2016. “We go through managers like crazy,” Rolfe says. In 2003, Warren Buffett paid $1.7 billion to buy Clayton Homes, one of the country’s largest manufacturers of mobile homes. At the Orange County sessions I attended, those enrolled included a pastor from a small church outside Portland, Ore.; a 26-year-old who made a small fortune playing online poker; and an Iraq war veteran who had recently completed a five-year stint in the military. “If you’ve never experienced the manufactured-home-community way of life, you don’t know really what a nice lifestyle it can be,” Chrissy Jackson, an industry consultant, told me. Mobile Home University, where the rich teach others how to rip off poor living in trailer parks Xeni Jardin 2:35 pm Fri May 22, 2015 Really great video and story over at the Guardian today: Mobile Home Elite Investors is a resource created by Byron Sellers & Sharnice Williams that teaches individuals how to start investing with mobile homes. It has taken us years to assemble, write and record these materials, and we are very proud of them. 6 Mobile homes are priced as low as $45,000, while the median price of a new single-family site-built home is $323,000. A Rolfe-Reynolds park is, if nothing else, well run. The two competitors agreed over lunch that they could do a much better job teaching people the nuts and bolts of the trailer-park business than the pair who had asked them to serve as guest speakers. Rolfe was still in high school when a teacher helped him get a summer job at a local advertising agency in the Dallas area. Sometimes you hear the trains too. There is a wealth of free resources about mobile home builders, modular home models, manufactured housing governmental agencies, and manufactured housing census data. The Homewood Suites Mobile Airport-University Area offers comfort and relaxation in the Providence Park area, just minutes from the Mobile Regional Airport. Why? While Rolfe, who is 52 and has a degree in economics from Stanford, can come off at times as a caricature of the coldhearted capitalist, during his Mobile Home University courses, he also gives voice to left-wing critiques about the profound fissures in our economy. Based on what I saw, tenants kept their lots junk-free and the grass mowed — or management will take care of things and send you the bill. Community. Utility Warehouse Mobile offer five Sim-only packages, which start at £10 for 1GB of data. 23 people like this. We have over half a century of combined years experience in many different niches including mobile home parks, RV parks, billboards, self storages, apartments, single family housing and office space. Mobile Home Investing with the Land Included. Book Now End of tab panel; Weddings Give your wedding guests all the comforts of home when they stay at Homewood Suites. Mobile Home University costs $2,000. The Valley offers endless outdoor activities, several culinary experiences, … The trailer park also seems a bad deal for the manager. The company's filing status is listed as Active and its File Number is 2534467.The company's principal address is 1763 North Atherton St State College, Centre PA-0. Frank Rolfe, who teaches Mobile Home University, a three-day course in the art of buying and operating mobile-home parks. Now $98 (Was $̶1̶2̶6̶) on Tripadvisor: Homewood Suites by Hilton Mobile, Mobile. Full Sail University is located in Winter Park, Florida, and was founded in 1979. One of the class’s favorites was the tenant who tried to drown his girlfriend — and then nearly became a murder victim himself when the same woman tried to saw off his head. After the war, small trailer parks popped up on college campuses to accommodate the influx of former soldiers under the G.I. View lots, community details, photos, and more. “I didn’t have many friends.” He was the first one in the office each day and usually didn’t leave until ordered to go home. It's very quiet, you can hear the helicopters from the hospital, and sirens from ambulances as well. “There were better uses of my time,” he concluded. Frank Rolfe rolls his eyes when he hears this kind of talk. “It’s about self-preservation,” one 42-year-old attendee told me. University Mobile Home Estates Motor Homes. Create New Account. If you have experience investing in mobile home parks or have questions on how you can start this is … Today, Clayton is a many-headed hydra with companies operating under at least 18 names, constructing nearly half of the industry’s new homes and selling them through its own retailers. Connect With Us. Reynolds had been born into the business; his parents owned a mobile-home court in Colorado. They provide step by step advice for buying and selling mobile homes. 23 people follow this. Welcome to Mobile Home University, a three-day, $2,000 “boot camp” that teaches people from across the US how to make a fortune by buying up trailer parks. It breaks his heart, he confesses, when they evict a family even as he tells himself it’s for the best. This organization is not BBB accredited. She moved to Pontoon Beach in 1978, a single woman in her 40s working at a blood clinic. The Mobile Home Park Investors Podcast is the world’s first podcast dedicated to mobile home park investing. See more ideas about Remodeling mobile homes, Kitchen remodel small, Mobile home makeover. See more of University Mobile Home Park on Facebook. 2 reviews of University Mobile Home Estates "Close to the hospital, within walking distance. 5: 173: December 9, 2020 Purchase Sale Agreement Park. If anything, Reynolds knew more about trailer parks than even Rolfe. Last year, more than 80,000 homes were sold on MHVillage with a combined transaction value exceeding $3 billion. He and his business partner, Dave Reynolds, started buying trailer parks together shortly after the subprime meltdown. Linda is the manager of the Jeffco Estates trailer park in Arnold, Mo. That keeps expenses down for those paying both the lot rent, or “dirt rent,” which every resident pays each month, and the rent on their trailer — half of which can be applied toward purchasing any available unit. MHU has been featured in. 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