Communities

But when all is said and done, the one thing that takes most of the community manager's time is handling guideline violations. How do you, as an extremely busy person, do this with only a minimum amount of time invested? How do you handle residents as a fragile yet necessary part of your business and still get everything else done without making them feel that they are an imposition to you?

What is this thing called Marketing?

The marketplace for income property financing has benefited greatly from shifts in the economy. Volatility forces commercial lenders to gravitate towards lower risk, stable, income-producing real estate. Manufactured home communities are increasingly high on their lists, since the cash flow is consistent and demand for affordable housing is strong.

By: Tony Petosa, Nick Bertino, and Erik Edwards of Wells Fargo Multifamily Capital

Those of us that have been associated with this housing form for a length of time have watched and embraced the evolution from trailer to mobilehome to manufactured housing. We are sometimes less passionate about recognizing the evolution from trailer park to today's communities. The key word is community.

The key is to recognize that a manufactured home community is not just a business enterprise; it is also a small town. The residents expect you to be, from time to time, something of a mayor, judge, law enforcer, mediator and diplomat - as well as bill collector and manager of buildings and grounds.

Are your catch basins cleaned out and ready for the fall rains, and are your speed bumps painted so vehicles and pedestrians can see them through the long winter months... neither of these two tasks take a lot of time or money, and Residents appreciate some of the attention to this detail!

Financing Your Community  

By:  J. DiMarco and Gerard D. DiMarco

Financing Your Community

Feature Article: Anthony J. DiMarco and Gerard D. DiMarco

Is your entrance neat and welcoming with well landscaped signage projecting the property's IDEAL image to Residents and future Residents?