Mobile Home Park Desktop is a weekly series of educational videos 🖥 that help beginners and professionals invest 💵 in mobile home parks.
Each week the Mobile Home Park Desktops provides industry information and insights 📈 to help you make better decisions when it comes to investing in mobile home parks, growing your portfolio, or operating your management company.
The Mobile Home Park Desktop also posts weekly content for beginners who want to know “How to Invest in Mobile Home Parks.”
Check out our playlist to find videos that help those just starting their mobile home park journey buy their first mobile home park.
This week:
UMH, mobile home park owner and operator of over 23,000 lots, estimated that 30% of the renters in their community were unemployed… How did that affect rent collections?
We look at UMH’s Q1 2020 Earnings to find out:
What effect did unemployment have on rent collections?
How many residents asked for rent deferrals?
How have dropping oil prices affected UMH’s properties located in the Marcellus and Utica Shale Region?
ALSO: Sub 4% credit facility to buy rental mobile homes? Anna Chew, CFO, discusses the latest. And what UMH expects it’s expense ratio to be after hitting 80% occupancy.
A LITTLE BIT ABOUT MOBILE HOME PARK INVESTING
In 2019 sales of mobile home parks increased by 20% as more investors, private equity groups, family offices, multifamily investors focused on apartments 🏢, and single family home 🏘 investors look to invest in affordable housing.
Why have mobile home parks aka trailer parks, land leased communities, manufactured housing communities or simply mhps garnered so much attention from investors?
👉 Mobile home parks provide the only unsubsidized form of affordable housing for millions of Americans. However, despite this great need, zoning and regulations make them near impossible to develop. Increasing demand and decreasing supply are why billionaire investors such as Sam Zell and Warren Buffett have made huge bets on the industry.
👉 The largest mobile home park investors, Sun Communities and ELS Communities, have reported tech stock like returns of 4,127% 🚀 and 1,186% 🚀 returns since 2009 - WSJ, 2020
RECESSIONS, COVID 19, & MOBILE HOME PARKS
A look back shows that both Sun Communities and ELS Communities showed same store NOI growth from 2000-2020, even during the 2007-2009. By contrast the rest of the REITs show negative growth during downturns.
As of April / May 2020, Sun Communities, ELS, and UMH, the three largest publicly traded REITs that own mobile home parks, all show strong year over year collections rates. Regarding rent deferral requests from residents, Sun reported less than 3% across it’s 136,000 occupied homesites, ELS 0.35% across its 150,000 occupied homesites, while UMH reported only 80 out of 19,000 residents asked for deferrals.
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FOR MORE INFORMATION
About the Mobile Home Park Desktop, reach out to Dan Ryu on LinkedIn
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Previous Episodes
Episode 6: Review of mobile home park investing giant ELS… and
Episode 5: “Review of mobile home park investing giant Sun Communities… and why they’re projecting a $15-18m drop in Q2 NOI (Net Operating Income)”
Episode 4: "Special Report: The Secret Group of Scientists and Billionaires working on a COVID 19 Plan... and how it might affect your investment"
Episode 3: "Survey Says... mobile home parks will drop ____% - what do mobile home park owners themselves think?... PLUS April Rents numbers are in... find out how the industry did"
Episode 2: "5x FEWER Mobile Home Park Deals? The impact of COVID 19... PLUS you CAN buy that for a dollar... mobile home park penny stocks"
Episode 1: “Unemployment EXPLODES... Will mobile home parks IMPLODE?... PLUS is now the right time to buy? Some helpful tips."
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