Magazine article Journal of Property Management

Managing a Mobile Home Park

Magazine article Journal of Property Management

Managing a Mobile Home Park

Article excerpt

In order to understand the policies that are developed in the management of mobile home parks, one needs to know: (1) what is the mobile home market; (2) what is offered in mobile home living; (3) who buys mobile homes; and (4) how are they purchased?

As of June 1962, mobile home sales in California amount to 12 Vi percent of the total market for single-family dwellings. There are 4.3 million Americans now living in mobile homes, with approximately 100,000 families joining this group each year.

In the case example in this article for such a community called, "The Trees," the following is known:

* 50 percent are retired or semi-retired.

* 20 percent are professional workers.

* 25 percent are skilled workers.

* 5 percent are semi-skilled workers.

The average annual income of mobile home families is slightly higher than the national average, $5,200, with approximately 40 percent of families averaging over $7,000 per year.

Statistics show that there is a current deficit of about 500,000 [units] between mobile homes produces and spaces constructed. …

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