All Forum Posts by: Jerry Lucker

@Erik E.

Frank Rolfe / Mobile Home University - is as good as anyone doing exactly that in the business. The best news is he teaches others how to do it also.

I actually specialize in flipping mobile homes in parks which has been a fantastic cash generating business and a great way to learn and understand parks themselves.

@Allan Tolbert

After considering all other areas of real estate to try and make a buck at I started flipping mobile homes in parks.

In the first year my income increased five fold. I was financially independent in four years (more passive income than outgo).

I found it takes a Lot less money, it’s a quicker turn around, it’s easier, and the competition non existent.

That was 20 years ago. I’m still in the business and it’s the same now as always. The substantial cash from flips allowed me to purchase many rental properties.

I’ve actually enjoyed mentoring others in the business for several years now.

Go get ‘em! :)

@Alicia Ramirez

Hindsight advice isn’t too helpful but - always send important mail certified return receipt requested.

Contact the Section 8 people and any city, county, state, or federal offices dealing with discrimination and related issues. There will be plenty of people that will help deal with this jerk of a landlord for free. They live to fight!

@Shane Willis

Great question. I’ve been a mentor for several years. I can choose who I share my business model with. I don’t have to teach people that live in my area.

That being said I have mentored several people in my area and don’t look at them as competition. Most will never be as prolific as I’ve been, that’s just the way folks are.

In ten years there was only one time I ran into one of the people I taught looking at the same project.

Not a big concern :)

@Tyler Henry

100% true and correct on every count. You Nailed it!

@Grace Farnsworth

Parks do not provide the most profitable use of land / real estate tax revenue for the city/county.

Park owners renting dirt can make bank. Park rents have to increase to provide realistic land use value for the revenuers.

Lot rent Plus the payment on the mobile home itself (if any) is less than renting modest apartments in many areas.

@Aaron K.

Point is, if steps are taken to learn and be on top of your business as a landlord many of the questions that I see posted would never come up.

@Mallory Guerrero

Being realistic, there’s no consideration for health issues in a proper lease.

If you don’t approach this in a business like fashion you will be the one that suffers. You can’t afford to. Proceed and do what you have to.

Landlording is not a charitable function.

@Troy Purvis

I’d probably replace now. Odds are you’ll be sorry if you don’t. Call it a hunch based on much experience:)

Join a Landlord Association!

Many of the landlord tales of woe we read about could have been prevented or readily handled if the owner had been associated with a good landlord group.

The one I belong to has been invaluable. They provide every form - leases, notices, etc. that a landlord would ever need. They’re all continually updated to reflect all changes in the laws.

They have regular meetings and conferences to address renting, maintenance, legal issues, markets, etc. They invite professionals - officials (attorney general), to speak on topics relevant to the business.

There are seasoned, experienced landlords that gladly give free advice and pointers.

They have full time lobbyists to fight against the pervasive ‘tenants rights’ groups we continually have to battle.

I attribute much of my success as a landlord to my involvement with a great association.