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November 2010 Vol. 2 No. 2


by George F. Allen

George Allen photoAttention HUD Code Housing Manufacturers! Are You Listening?
If NOT: no one to blame but yourselves, if shipments continue to languish!

Editor's Note: This article has been adapted from GFA's blog of Oct 24, 2010.

At an October Finance Seminar in Springfield, IL, Greg O'Berry, President & COO of Hometown America, and chairman of MHI's National Communities Council division, during his 'State of the MHIndustry' keynote address, opined IMAGE continues to be a perennial bugbear for HUD Code manufactured housing!1 And until we 'Take a Major Step to Image-Educate the Consumer-Public' that our systems-built housing product is 'not their father's mobile home', but an attractive and high quality, affordable and non-subsidized, 'green' and energy efficient Shelter Alternative, our annual housing shipment total will continue to bump along at its 60-year nadir.2

Read more...

by Michael F.B. Barnabas

The bullet points for the first part of this article series could be summarized as follows:


  • Making the Customer – the End User – The Resident/Homeowner Number One
  • Simplification in Warranties – Make the warranty system for a customer a one-call-does-it-all solution
  • Industry Newcomer Training – if we can't train our people to think and be pro-Industry, then we will continue to have negative image problems
  • Financing – making lending more profitable, through common sense steps and sound exit strategies for retail customers and lenders alike
  • Realtors – getting them into the game, and how
  • Manufacturers – establish and maintain a similar support system that auto retailers or other franchise owners have in marketing, training and support for success
  • Treat everyone like you want to be treated

Read more...

by Rachael Biermann

Rahcael Biermann photoAre you looking for new ways to bring potential customers to your business? Try these successful tips and watch your business grow!


  • Position yourself as an expert in the manufactured housing industry. In order to position yourself as an expert, you need to actually be knowledgeable and a seasoned member of the industry. Start positioning yourself as an expert by writing and submitting articles for free industry websites, like mhmsm.com. Join online forums and answer questions from consumers and fellow industry members. The media will catch on to your expertise and call YOU if they need someone to speak on manufactured housing, too. What would you find if you typed your name or company's name into search engines?
  • Read more...

by Chad Carr

Chad Carr photoEditor's Note: This is the second installment of this series. Last month, Chad addressed specific changes to the retail landscape caused by the explosion in Internet usage by Manufactured Housing prospects. In this installment, Chad shares what dealers must do to recapture the prospects they are losing.

A study done in 2007 by MHI found that 77% of all Manufactured Housing prospects began their search for a new home online. This year, a study by the National Association of Realtors pegged that number at 90%.

Read more...

by Tim Connor, CSP

Tim Connor photoIn the manufactured housing industry there are average companies and there are good companies. There are exceptional companies and there are poor companies. Each one:

  • operates in the same economy
  • has the same pool of potential employees
  • has the same opportunities to develop and train employees
  • has competition
  • must deal with the government in some way
  • has opportunities for growth
  • makes a variety of decisions each day

Read more...

by Tim Connor CSP

Tim Connor photoProspects buying a home want several things from their supplier. Fair price, quality home, honest answers and timely service (not in order of their preference). 

Surveys of consumers buying a home say that most of them want: timely and responsive service first, quality products and services second, and low price third.

Read more...

by Suzanne Felber, LifeStylist®

Suzanne FelberI'm seeing more and more signs that business is picking up in our industry, and we are slowly moving from a survival mode to a rebuilding stage. Retailers and community owners are revitalizing their centers to attract new customers, but budgets are still a very critical part of the equation.

Read more...

by Nadeen Green

Nadeen Green photo…and it is not yet Thanksgiving! But this is not the time for a rant about whether it is too soon for the Christmas holiday to be upon us. Rather, I thought it might be helpful to address what seems to be an eternal question each year… how much Christmas is "too much" Christmas at your community from a fair housing standpoint? I am often asked "Can we say Merry Christmas?" or "Can we place Christmas decorations in our common areas?"

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by Dennis Hill

Louisville Manufactured Housing Show 2011The Midwest Manufactured Housing Federation is moving full steam ahead with exciting plans to bring back the popular Louisville Manufactured Housing Show in 2011. The show kicks off the New Year and is slated for January 12-14 with numerous manufacturers already signed up to show their homes.

Read more...

by Chrissy Jackson

Chrissy Jackson photoTake a close look at your Guidelines (formerly known as rules and regulations) during this upgrade period. Especially if they have not been reviewed annually for needed changes or revisions, now is an excellent time to do it. Look at the document not only in terms of terminology, but also in terms of lifestyle. Think about how your residents live now, what changes being made during the upgrade process will necessitate corresponding changes in the Guidelines, and if you are changing any exterior requirements for homes coming into the community.

Read more...

by L. A 'Tony' Kovach

L.A. 'Tony' Kovach photoTry to imagine an automotive Industry without Car and Driver Magazine, or any of the many publications you would find in the automotive field. When someone wants to do research on a topic, while trade organizations can be one resource, certainly others are the trade media in that given Industry. This isn't just theory. We get inquiries at MHMSM.com from people who are not (yet) in the Industry, but are looking to get info or into the business, or who are doing research, etc. We also get inquiries from those in the biz, looking for directions on this or that need.

Read more...

by L. A. 'Tony' Kovach

L.A. 'Tony' Kovach photoWe first reported after the MHI meeting that George F. Allen had launched a trial balloon regarding the sale of elements of his enterprises, in apparent anticipation of retirement.  To those who follow George's writing and use his services, it wouldn't be a complete surprise, as he has already announced what he dubbed his 'Once and for All Tour.' In his blog, he has recently made a clear statement that he plans to continue his work and publishing certainly through 2011, as he works to execute a smooth transition.

Read more...

by Greg McClanahan

Greg McClanahan photoIt is incredibly rewarding when we find a way to give back to someone who has helped us in the past. It is rewarding to help anyone in need but there is something special about 'returning the favor.' As you will read, something marvelous happens to everyone involved when giving, with no expected reward, takes place.

Read more...

by Eric Miller

Eric Miller photoIf you follow trends in the news, you know that homes are getting smaller, more people are choosing to live in walkable neighborhoods and the number of intergenerational families is increasing. For obvious reasons these factors are important to businesses, including in the manufactured and factory-built home industries. The U.S. Commerce Department and Census Bureau places great time and effort into gaining this information. Smaller industry-focused trends are perhaps of even greater importance to the industry however, and your help is needed to uncover them.

Read more...

by Shawn P. Mullins

Shawn Mullins photoHaving recently attended the Arizona Housing Association's annual convention, I've heard some encouraging things. We were told that although the uptick will be modest, the overall housing market is improving already, and will continue to improve slowly but steadily through 2014. Additionally, although lending criteria is still tougher than it used to be, there are also more lending options available to our buyers than we have had in a very long time.

Read more...

by George Porter

George Porter photoOver the years, I've heard many theories put forward by the owners of rental communities on the way they want homes installed in their community. Usually it has been just one person talking to another about how they do it and what they prefer to see, and it's usually a very casual discussion.

Read more...

by Ken Rishel

It seems like years since this Chattel Finance newsletter first raised the issue of Red Flag compliance only to find ourselves being "corrected" by industry associations that said it had no application to retailers and community owners, let alone the associations themselves. In fact, it has been less than three years, and it is interesting that most if not all industry associations are now agreeing with the newsletter, albeit without crediting it for its original work on the subject.

Read more...

by Spencer Roane

Spencer Roane photoSome in the manufactured housing (MH) industry suggest that community owners (COs) who engage in lease-option (L/O) financing of MHs should switch to retail installment contracts (RIC) and get licensed under the SAFE Act, or deal with a lender who isolates the CO from the SAFE Act.  Here's another perspective that COs may wish to review with legal counsel.

Read more...

by Bob Stovall

Bob Stovall photoEditor's Note: See the end of Bob's article for a special limited-time offer to our readers.

Two important keys to better search engine ranking for your manufactured housing website are fresh content and steady addition of new content. Updating your content shows the search engines that your website is not among the tens of thousands of zombie sites that populate the net. New and fresh content gives you the opportunity to rank for new keywords and strengthen your position for keywords for which you already rank well.

Read more...

by Joanne Stevens, CCIM

Joanne Stevens photoSuper low interest rates of about 4% (and fixed for 30 years) are not having much homebuyer impact on site-built homes. Mostly, current homeowners are the ones taking advantage of the rates by refinancing their mortgages. It's not creating the stampede to buy a home like it did in the early 2000's. Realtors® and lenders say it's because the underwriting is tougher than it was in the past.

Read more...

by John Underwood

John Underwood photoI couldn't begin to tell you how many times I have heard someone who had influence over my younger years say: "You'll never get a second chance to make a first impression," and I'm quite sure that there isn't one reader that has not heard the same. As a young man, I'm quite sure that I didn't understand the full meaning of those words except that when you met someone important for the first time, you were to be on your best behavior and comb your hair. Having been a consultant in the world of marketing, sales and sales management for going on 25 years, I still believe that I have not fully grasped the depth and importance of this simple phrase that accompanied so many of us throughout our lives. Specifically in marketing and sales, the first impression is a cornerstone of success.

Read more...

by Don Westphal

Don Westphal photoLast month we generalized the need for and benefit of renewing older communities from an industry and individual owner perspective, discussed the various levels of upgrades and detailed the Level I upgrade. I would encourage you to read last months installment if you haven't already done so before reading this month's rumination. Let's move into a little more involved upgrade, a Level II renewal.

Read more...

by Zig Ziglar

Zig Ziglar photoI'm frequently asked how I can be so productive in the business world and still have time for my personal and family life. The answer is that during my frequent travels I am an absolute "workaholic." When I get home I am then free to do things with my family and enjoy my personal life.

Read more...

by Zig Ziglar

Zig Ziglar photoUS President Theodore Roosevelt has been described as founder of the Bull Moose Party, the man who led his troops up San Juan Hill in the Spanish-American War, a big game hunter, family man, civic servant and a host of other things.

Read more...

Daily Business News Briefs

Drama in Ohio: Fake News, Facts and Myths

Drama in Ohio: Fake News, Facts and Myths

The ongoing battle between the Ohio Manufactured Housing Association (OMHA) and Ohio Governor John Kasich over the status of the Ohio Manufactured Housing Commission (OMHC) has been taken to a whole new level, with what informed sources  are calling “fake news.” According to a story from WOSU, Gov. Kasich wants to merge the OMHC with the […]...

26 Apr 2017

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Patrick, UMH Surge, Manufactured Housing CV Spikes, Broader Markets Dip

Patrick, UMH Surge, Manufactured Housing CV Spikes, Broader Markets Dip

Noteworthy headlines on – CNNMoney – Trump calls for dramatic tax cuts. Chobani sues Alex Jones over “migrant rapists” claim. Hilton to hire another 20K veterans and their families. FCC chair unveils plan to roll back net neutrality. Some bullets from Fox Business – Rep. Brady: Trump’s tax reform is “Bold.” Mnuchin: We’ll lo...

26 Apr 2017

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Trump Effect: Immigration, the Border Wall, and a $14 Billion Fix?

Trump Effect: Immigration, the Border Wall, and a $14 Billion Fix?

As the Daily Business News covered recently, President Donald Trump’s first 100 days have been a whirlwind of movement, including doubling down on his promises for immigration and building the border wall. At the heart of the conversation about building the wall is the cost, estimated to be $28 billion. While that price has raised […]...

26 Apr 2017

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Triad Financial Services Creates New Program Manufactured Home Dealers

Triad Financial Services Creates New Program Manufactured Home Dealers

Triad Financial Services, Inc. tells MHProNews that it has formed the Triad Manufactured Home Risk Purchasing Group (RPG) for manufactured home dealers. Triad says that it created the program in response to the increasing demand for affordable liability insurance for manufactured home retail dealers. In addition to the insurance savings, the...

26 Apr 2017

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UPDATE: MHC Future in Doubt, the Other Side of Rent Control

UPDATE: MHC Future in Doubt, the Other Side of Rent Control

In an update to the story that the Daily Business News originally covered here, residents at the Thetis Lake Campground community in View Royal, British Columbia, Canada, are facing an imminent threat. According to Western Investor, assessments on the community are threatening the viability of the most affordable housing option in the province,...

26 Apr 2017

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President Trump at 100 Days: Numbers, Polls

President Trump at 100 Days: Numbers, Polls

As President Donald Trump reaches the magic 100-day mark in office, new polling and statistics show that many American’s believe he’s getting the job done. According to Lifezette, approximately 73 percent of American voters approve of President Trump’s performance in fighting for American jobs in an ABC News/Washington Post poll released this past...

25 Apr 2017

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Patrick, LCI Leaders, Manufactured Housing CV Ticks Up, Monster Day for Bro…

Patrick, LCI Leaders, Manufactured Housing CV Ticks Up, Monster Day for Broader Markets

Noteworthy headlines on – CNNMoney – Bannon cleared to sell Mercer-backed holdings. Big techs push Nasdaq to new milestone. Outburst by Wells Fargo shareholder halts meeting. Undocumented immigrant population in steady decline. Some bullets from Fox Business – Ted Cruz wants El Chapo, Mexican drug lord, to pay for Trump’s w...

25 Apr 2017

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Modular Housing Visions are Looking Up in New York’s Big Apple

Modular Housing Visions are Looking Up in New York’s Big Apple

In an effort to tackle the affordable housing challenges in New York City, two designers have looked up, but not to build skyscrapers. According to Dezeen, Instant City: Living Air-Right, a plan created by designers Beomki Lee and Chang Kyu Lee, calls for using vacant airspace over existing New York buildings to create affordable modular […]...

25 Apr 2017

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Acquisition, and Rumors of a Billion Dollar Acquisition, for Hometown Ameri…

Acquisition, and Rumors of a Billion Dollar Acquisition, for Hometown America

In Australia, manufactured home builder and community owner Gateway Lifestyle Group has seen significant growth since the Daily Business News reported a potential deal with Hometown America last August to purchase National Lifestyle Villages (NLV), Western Australia’s largest operator of manufactured home communities. At the time, the proposed d...

25 Apr 2017

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Keith Olbermann on Trump Supporters – Industry Reacts – When “Trailer Trash…

Keith Olbermann on Trump Supporters – Industry Reacts – When “Trailer Trash” Isn’t What You Think

In what is quickly becoming known as the “tweet heard ‘round the manufactured housing world,” former ESPN and MSNBC host Keith Olbermann’s reference to President Donald Trump supporters — former Presidential candidate Sarah Palin and musicians Ted Nugent and Kid Rock during their White House visit — as “trailer park trash” has set off a...

25 Apr 2017

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Manufactured Home Community Residents Reach Settlement In Legal Action

Manufactured Home Community Residents Reach Settlement In Legal Action

In Massachusetts, residents of the Chelmsford Commons manufactured home community have reportedly reached a six-figure settlement in a class action lawsuit against community owner, Michigan based RHP Properties. According to the Lowell Sun, the suit alleges that RHP improperly raised rents on residents over the last five years. As a result of the...

24 Apr 2017

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New Sponsors

Featured Articles and Reports - April 2017 Vol. 8 No. 7

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Proof! Manufactured Home Communities, Retailers & Builder/Developers Can A…

Proof! Manufactured Home Communities,  Retailers & Builder/Developers Can Attract, Sell Site Built Buyers

by L. A. ‘Tony’ Kovach What’s the difference between a nice sounding theory, and a profitable process?  Proof. NSP_READMORE

MARKETING

*** Price Reduction *** North Tampa Portfolio - MH & RV | 380 Sites | Flori…

*** Price Reduction *** North Tampa Portfolio - MH & RV | 380 Sites | Florida

by Christopher Nortley Portfolio Overview The North Tampa Portfolio consist of 3 communities in which 2 are located in Port Richey while the 3rd is located in Hudson, FL. All... NSP_READMORE

MARKETING

ELS Rises, Manufactured Housing CV, Broader Markets Dip

ELS Rises, Manufactured Housing CV, Broader Markets Dip

by RC Williams Noteworthy headlines on – CNNMoney – Mercedes-Benz pulls ads from The O’Reilly Factor. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

What’s the Truth About the Manufactured Housing Industry’s Potential?

What’s the Truth About the Manufactured Housing Industry’s Potential?

by Soheyla Kovach Whether or not truth is reported, or distorted, reality – the truth – is. Truth exists. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Manufactured Home Community’s Outsider Sparked Water Issues

Manufactured Home Community’s Outsider Sparked Water Issues

by RC Williams In Puyallup, Washington, the stereotypes surrounding manufactured versus site built housing are playing out in a less than ideal way. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

State Agency to Assist Low Income MH Residents

State Agency to Assist Low Income MH Residents

by RC Williams In Delaware, homeowners in need are going to get some help. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

State Law Forces City Decision on Manufactured Home Zoning

State Law Forces City Decision on Manufactured Home Zoning

by RC Williams In Queensbury, New York, manufactured housing has scored a victory. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Want Manufactured Home Community Voluntarily Rent Control, Anyone? Anyone?

Want Manufactured Home Community Voluntarily Rent Control, Anyone?  Anyone?

by RC Williams Officials in Corona, California, say that they may pursue voluntary rent control measures for manufactured home communities, in an effort to help low income and elderly... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

City Turns to Manufactured Homes in Project

City Turns to Manufactured Homes in Project

by RC Williams In Northern California, the city of Sebastopol is investing $258,000 into a project that establishes affordable housing for low-income residents at the city’s eastern gateway. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Manufactured Home Communities, Fair Housing, and Day Care

Manufactured Home Communities, Fair Housing, and Day Care

by Nadeen Green, JD The seven federally protected classes (race, color, religion, national origin, sex, familial status and disability) are hugely relevant (and reflective of the issues of discrimination... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Live Oaks & Blue Oaks MHP Portfolio | 170 Sites | Topeka, Kansas

Live Oaks & Blue Oaks MHP Portfolio | 170 Sites | Topeka, Kansas

by Christopher Nortley Property Overview MHRE Inc is pleased to present Live Oaks and Blue Oaks located in Topeka, Kansas. The communities are situated just 4.2 miles away from each other. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Brian Gallagher, Chief Operating and Financial Officer, Santefort Real Est…

Brian Gallagher, Chief Operating and Financial Officer,  Santefort Real Estate Group - RFI - FHFA, Duty to Serve Comments Letter

by Brian Gallagher Editor’s note: Brian Gallagher thoughtfully shared the comments below with MHProNews for publication.  NSP_READMORE

FINANCING

Security Mortgage Group Setting Hot Pace in First Quarter of 2017

Security Mortgage Group Setting Hot Pace in First Quarter of 2017

by Pierce Redmond Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have financed $78,632,000 thus far in 2017 for several manufactured home communities nationwide. NSP_READMORE

FINANCING

NFIB Provides Vital Small Business Guide

NFIB Provides Vital Small Business Guide

by RC Williams The National Federation of Independent Business (NFIB) is out with its 2017 Small Business Tax Guide. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Moves In U.S. Home Price Index

Moves In U.S. Home Price Index

by RC Williams New data from Case-Shiller shows that January home prices rose at the fastest rate since 2014. While this spells a win for sellers, it could eventually... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Media, MHI Members Welcomed, Industry Warned

Media, MHI Members Welcomed, Industry Warned

by Soheyla Kovach At the 2017 Tunica Manufactured Housing Show, members of the Manufactured Housing Institute (MHI), and the industry’s top trade media were welcomed – without cost – by... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Sunday Morning Weekly Recap Manufactured Housing Industry News March 26th 2…

Sunday Morning Weekly Recap Manufactured Housing Industry News March 26th 2017 to April 2nd 2017

by RC Williams Our theme for our April 2017 issue is: Manufactured Housing Industry Politics – Complicated Cross Currents, or April Fools? NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Cavco’s Buyout

Cavco’s Buyout

by RC Williams Cavco Industries Inc. (NASDAQ:CVCO) tells MHProNews that it has signed a Letter of Intent, and has reached an understanding, on terms to acquire Lexington Homes, Inc. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

April Fools? – MHVille’s Complicated Politics, 2017

April Fools? – MHVille’s Complicated Politics, 2017

by Soheyla Kovach Three april fools looking at camera with different expressions, credits, MHProNews.com/GraphicStock. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

ELS’ Sam Zell Sounds Off on Trump’s Wall

ELS’ Sam Zell Sounds Off on Trump’s Wall

by RC Williams ELS Chairman and billionaire real estate mogul Sam Zell shared his thoughts recently on President Donald Trump’s plan for the border wall with Mexico, and what... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

City Residents Make Unexpected Moves – Opportunity for MH?

City Residents Make Unexpected Moves – Opportunity for MH?

by RC Williams New data shows an interesting trend – popular cities like New York, Los Angeles, and Washington D.C., normally destinations for living, are actually losing people in... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Diverse Industry Reactions to Manufactured Home Community Closure Issue

Diverse Industry Reactions to Manufactured Home Community Closure Issue

by RC Williams In Chesterfield, Missouri, residents of the town’s only manufactured home community received some very shocking news this week. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Chicago’s Mayor Favors Massive Modular Project

Chicago’s Mayor Favors Massive Modular Project

by RC Williams In a follow up to a story that Daily Business News originally covered here, Chicago Mayor Rahm Emanuel is “gung ho” about developers planning to build 12,000 modular homes,... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Developers Going MOD in Housing Crisis

Developers Going MOD in Housing Crisis

by RC Williams In Baton Rouge, Louisiana, two developers have turned to modular housing to ease the stress of finding housing. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Barry and “Be the Change!” Doing Good, Pays

Barry and “Be the Change!” Doing Good, Pays

by L. A. ‘Tony’ Kovach We decided this month to highlight a simple yet profound reality. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Is What You Say Always Consistent with What You Believe?

Is What You Say Always Consistent with What You Believe?

by Tim Connor, CSP There is a Native American legend that says - you will only get into Heaven leaning on the shoulders of someone you helped while you... NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

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Classifieds

Press Releases

Triad Financial Services Inc., Announces…

Triad Financial Services Inc., Announces Formation of Triad Manufactured Home Risk Purchasing Group for Manufactured Home Dealers

Jacksonville, Fla. (April 21,2017) – Triad Financial Services, Inc (Triad) has been providing services to the manufactured home industry for over 50 years. During this time, Triad has incorporated various services to better assist those in the manufactured home industry. In 2016, Triad created a Risk Purchasing Group (RPG) in response to the increasing demand for affordable liability insurance for manufactured home retail dealers. In addition to insurance savings, the program will provide periodic loss prevention and risk management tips and information. In addition to the general liability program, Triad’s insurance division provides competitively priced inventory open lot coverage, commercial property coverage, commercial auto insurance, coverage for contractors equipment, as well as access to a national homeowners program for manufactured housing. Recent changes in the manufactured home general liability insurance markets have...

the MHMSM Team 26 Apr 2017 Corporate Press Releases

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Call for Nominations for the RV/MH Hall …

Call for Nominations for the RV/MH Hall of Fame Class of 2018

ELKHART, Ind., -- It's still six months until the October 31, deadline for nominations for the RV/MH Hall of Fame Class of 2018, and Darryl Searer, president of the RV/MH Heritage Foundation (Foundation) wanted to remind those considering nominating someone that they should start working on their nomination. Searer said, "Even though we are intensely planning for the induction dinner celebration for the Class of 2017 on August 7, 2017, it's really not too early to start the process of nominating a deserving individual to the Hall of Fame for the Class of 2018. It's a lengthy process that should not wait until the last minute, so I urge those who are considering a nominee to download the guidelines and forms so their nominee can be considered for the Class of 2018." The nomination...

Soheyla Kovach 21 Apr 2017 Corporate Press Releases

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*** Price Reduction *** North Tampa Port…

*** Price Reduction *** North Tampa Portfolio - MH & RV | 380 Sites | Florida

Portfolio Overview The North Tampa Portfolio consist of 3 communities in which 2 are located in Port Richey while the 3rd is located in Hudson, FL. All the communities have very desirable locations and convenient for an owner to have centralized management to create economies of scale. The trailing cap rates as a portfolio are in the 6.06% to 8.09% range while the year 1 pro-forma cap rates are in the 7.09% to 8.58% range.  This portfolio is a perfect opportunity for an investor to capitalize on the strong demand and growth occurring in Florida while being able to create economies of scale with a purchase of 380 sites. Portfolio Summary Investment:              3 Property Portfolio Star Class:               2-3 MH Sites:                 70 RV Sites:  ...

the MHMSM Team 04 Apr 2017 Corporate Press Releases

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SECURITY MORTGAGE GROUP Finances $78,632…

SECURITY MORTGAGE GROUP Finances $78,632,000 in the First Quarter 2017

ROCHESTER, N.Y. – Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have financed $78,632,000 thus far in 2017 for several manufactured home communities nationwide. The most recent March closings included the following: Managing Director, Gerard D. DiMarco, Jr., secured acquisition financing for two manufactured home communities totaling 192 sites in Wyoming. The $4,750,000 loan featured a limited prepayment penalty and flexible lending terms. Gerry also helped negotiate financing for a repeat client’s purchase of a 184-site mobile home and RV park in Corpus Christi, TX with a non-recourse loan of $2,445,000.  Anthony J. DiMarco, the other managing director, helped negotiate financing for a repeat client’s Ohio and Kentucky MHC Portfolio with over 700 sites. The $26,025,000 non-recourse loan featured a long-term fixed rate.   In addition, Anthony closed a...

the MHMSM Team 04 Apr 2017 Corporate Press Releases

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Live Oaks & Blue Oaks MHP Portfolio | 17…

Live Oaks & Blue Oaks MHP Portfolio | 170 Sites | Topeka, Kansas

Property Overview MHRE Inc is pleased to present Live Oaks and Blue Oaks located in Topeka, Kansas. The communities are situated just 4.2 miles away from each other. Together, there are 170 MH sites. Blue Oaks has 8 park owned homes, of which 5 are occupied. It has strong employment next door with two distribution centers for Target and Home Depot. Live Oaks has 11 park owned homes, of which 4 are occupied. This community is in an excellent location with great road frontage and heavy traffic count, and it is near the university and other various businesses. The current owners have put in time and effort to clean and fix up the communities. They repaired and replaced the underground utility lines and fixed up the roads. The market for rentals is available,...

the MHMSM Team 04 Apr 2017 Corporate Press Releases

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Sizzling Sunshine Homes! @ Tunica Show …

 Sizzling Sunshine Homes! @ Tunica Show = Exclusive “Total Package” for More Sales for Retailers, Communities, and Builder/Developers

Business is BOOMING at Sunshine Homes!  Retailers, communities, and builder/developers are watching homes sell fast and at good margins.  Let’s review some of the reasons. As important as great homes are, what we do to support our independent retailers and communities that compliments those sizzling model homes in your inventory can mean the difference between okay sales, and homes that turn several times a year. First, if you’re ready to attract more customers that pay cash or has good credit, look no further than Sunshine Homes.  Our Energy Star ™ rated homes are residential designs that impress and sell previous owners of conventional homes.  You can have floorplans ordered either as a HUD Code manufactured home, or as a state coded modular home. Award-winning Stan Dye of Star Homes says that 99% of...

the MHMSM Team 24 Mar 2017 Corporate Press Releases

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