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Community-owned homes can be a good investment for your business, but you must manage them well. While community-owned homes have the potential to have a higher profit margin, they come with a specific set of responsibilities you need to be aware of. If you are just starting out with community-owned homes, it’s important to know what you are responsible for and what the tenant is responsible for so you can keep your tenant happy, protect your investment, and ensure your business is profitable. Choosing Tenants  When it comes to how you manage community-owned homes, screening tenants is one of the most [...]

Fostering a sense of community among the residents of your manufactured home community will increase engagement and help create a well-maintained environment. Increased community engagement leads to higher resident satisfaction, benefiting both community owners and residents. When tenants enjoy where they live and feel connected to the community, they are more likely to take pride in the property and contribute to its success.  They are happier, complain less, and help more.  They also extend their residency longer.Reasons to Boost Community EngagementResident RetentionWhen residents feel connected to their community, they are more likely to stay long-term. This is important for community owners, [...]

As a new manufactured home community owner, navigating your business’s insurance needs can feel overwhelming. It’s critical to have insurance coverage designed for MHC operations in place. This ensures your business is financially protected and gives you peace of mind. There are many types of coverage that your community may need. Below are some of the types that most communities require. Our team can walk you through the insurance process and create a coverage plan that is specific to your manufactured home community’s needs.  Every community needs tailor-made coverage. Types of Insurance Coverage for Manufactured Home Communities General Liability Insurance: This [...]

Maintaining your manufactured home community will help you protect your investment and improve the quality of life for your tenants. Credible estimates evidence that the return on investment in loss control reaps a 10X long-term return on investment.  Damage to community property can cause injuries, expensive property damage, and lead to expensive repairs if left unaddressed.  All the above will result in higher insurance premiums or worse yet, unavailable insurance. You could be held liable if a resident is injured due to unsafe conditions, potentially resulting in lawsuits and legal fees. By staying ahead of the issues and performing proactive maintenance, [...]

Rent control policies can have a major impact on your manufactured home community and business. These policies are often put in place to protect residents and renters from being displaced due to extreme price jumps in rent and fees but can negatively impact community owners when laws fail to account for rising operational costs, maintenance, and fair returns on investment. This is particularly challenging during times of high inflation when the cost of doing business increases. Rent Control Policies & Manufactured Home Communities There are many states and cities around the country that have various rent control policies in place, and [...]

Different types of properties are subject to different zoning laws. There are zoning laws for businesses and commercial use, residential areas, and agricultural land as well as others. These laws are often dictated by local jurisdictions and can vary greatly from city to city. This can make it difficult to keep up with what laws affect your community since there is not a federal or state set of zoning laws. Many jurisdictions and cities frequently update these codes and use these laws to restrict manufactured home communities. Understanding zoning laws for manufactured home communities is important so you can avoid fines [...]

As a manufactured home community owner, you want to create an environment that attracts and retains loyal, long-term tenants. This will not only be beneficial to the residents but help your business grow and be successful as well. Long-term tenants also tend to take better care of their homes and surroundings which can lead to less repairs and maintenance. Building a community that fosters loyalty takes time and effort, but in this blog, we provide strategies and tips for attracting long-term tenants. Why Long-Term Tenants are Beneficial to Manufactured Home Communities Long-term tenants provide your business with a steady stream of [...]

Adopting new technologies and software in your manufactured home community can help you streamline your business and communication methods. Adding in this software can also give tenants faster and easier ways to report issues in the community, submit service requests, and pay rent. This will help raise tenant satisfaction. Centralizing your community’s data and documents makes it easier for you and your employees to find needed information or paperwork and stay organized. By adding in the digital tools, technology in manufactured home communities can help increase your bottom line and help you run it more smoothly. Stay Organized Using Property Management [...]

The start of the school year is right around the corner. Children and their families will be coming and going more often from the community. It’s important to prepare your community to prevent accidents, keep children and their families safe, and protect your business. Community and Back-to-School Safety Prep Maintenance Sidewalks and Roads - Many children in the community may need to walk to and from the bus stop. To reduce tripping hazards, fill and repair cracks or potholes in your community’s roads and sidewalks. Repair Road and Safety Signage - Since more kids will be walking on the property, install [...]

Improving the security at your manufactured home community will help keep your tenants and their property safe while fostering a sense of well-being. As an owner of a manufactured home community, it is important to be proactive with your security measures. Not only will this increase safety for your residents and their families, it can increase property values, attract new tenants, protect your business, deter criminal activity, and prevent a financially devastating liability claim. Tips for Increasing Security at Your Manufactured Home Community Neighborhood Watch Plans - Creating a group of residents to help watch and protect the community will foster [...]