First, the Good – no, Great News!
Blog Posting #616 @ 9 December 2020; Copyright 2020: EducateMHC
Perspective. ‘Land lease communities, previously manufactured home communities, and earlier, ‘mobile home parks’, comprise the real estate component of manufactured housing!’
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INTRODUCTION: Good News, Important News, & Bad News.
First, the Good – no, Great News!
The RV/MH Heritage Foundation Board of Directors recently voted unanimously to build the long-awaited Manufactured Housing Museum wing on the northeast side of the existing RV/MH Hall of Fame. The 20,000 sq. ft., $1.5 million dollar museum will showcase the manufactured housing industry through use of exhibits, interactive displays, historical artifacts, and generational manufactured houses. It is only fitting this Manufactured Housing Museum be located in Elkhart, IN., the widely-recognized birthplace of this industry.
Do you know what this means? That, within a year or so, we’ll be able to visit the new museum, to see and hear the history of manufactured housing and land lease communities. That opportunity has been a long long time coming – and is finally here! Let’s all celebrate!
Donations are sought, to help get construction on the fast track to reality. Donations needed before 15 February 2021. For more information, phone (574) 903-3850 or email@example.com
Now, the Important News!
Wonder if you’ve ever thought of the trifold matter in this fashion? For those who manufacture HUD-Code homes, and those who own/operate one or more land lease communities, there’s but ONE periodic (i.e. monthly) report that tracks the stock market performance of all four public housing manufacturing and five land lease community portfolio firms!
The ‘MHShipment Volume & Stock Market Report’, prepared during the first week of every month, and distributed as an addendum to that month’s issue of The Allen Confidential newsletter, debuted in January 2019. The monthly shipment volume total, contained therein, is the same as published by HUD’s contractor, the Institute for Building Technology & Safety (‘IBTS’), and endorsed by HUD, MHARR, & EducateMHC. The MHSV & SMR is the only document that estimates monthly and ‘year to date’ values of new HUD-Code manufactured homes ‘produced & shipped’. And not only are the stock prices posted for each of the nine public companies, but a composite stock price, for group tracking purposes, is posted as well. If not presently receiving and using this seminal document, do so soon. Subscribe via www.educatemhc.com
Second. For 32 years, the ALLEN REPORT has been the gold standard, so to speak, for identifying up to 20 percent of the 500+/- known land lease community portfolios in North America; also sharing their benchmark statistics like physical occupancy, operating expense ratios, site rent rates, number of rental homes and ‘contract sales’, even the number of Certified Property Managers (‘CPM’), Accredited Community Managers (‘ACM’), and Manufactured Housing Managers (‘MHM’) serving this real estate asset class. The 32nd ALLEN REPORT will be distributed during January as a Resource Document in that month’s issue of The Allen Confidential newsletter. To subscribe, as a PRIME subscriber, visit www.educatemhc.com
Third. Just as there’s but one ‘MHShipment Volume & Stock Market Report’, and only one annual ALLEN REPORT, there’s also just one professional property management text: ‘Community Operations in the Manufactured Housing Industry’. This 200+ page book, first published as ‘Mobile Home Park Management’ in 1988, has gone through eight editions, plus three title changes, during the past 32 years. Today it is the core text for the aforementioned Manufactured Housing Manager (‘MHM’) training and certification program. One of these comprehensive PM texts belongs on-site in every land lease community in the U.S. and Canada. To order individual copies or in bulk, phone the Official MHIndustry HOTLINE: (877) MFD-HSNG or 633-4764 or visit www.educatemhc.com
And Finally, the Bad News….
Don’t know ‘bout you, but I’m tired of reading and hearing of ‘a few bad actors’, again – so to speak, sullying good reputations of professional property managers and honorable land lease community owners! I suppose the coronavirus has kept a lid on homeowner/site lessee (a.k.a. residents, tenants) complaints, of various types, during the past year. Well, given the content of a recent communique from the social activist group Manufactured Housing Action, all that appears set to be changed come year 2021, as they press for ‘issue campaign wins’.
Specifically, land lease community residents in Missouri, Illinois, New York, Iowa, and California – to name a few locations, are ‘up in arms’ about what some – if not many, view as predatory rent increases and other related landlord-tenant frictions. MHAction’s thrust? To “…lead racial, gender-justice-centric (whatever that is) issue campaigns….” going into year 2021.
Bottom line? If you, as a land lease community owner/operator, do not want ‘rent control’ and other forms of landlord-tenant legislation, NOW is time to get busy understanding your customers better, and if need be, treating them better!
George Allen, CPM, MHM