Pre-SECO workshops will be on Tuesday, October 9, 2018. Each is designed to allow seasoned veterans to thoroughly cover specific topics with lots of audience interaction and Q&A. Lunch will be sponsored by participating MH manufacturers who will use that time to tell us about new MH features and options.
Renting MHs Instead of Selling
Some COs prefer to sell MHs to fill vacant sites. Others prefer the rental model for its “obvious” advantage of a perpetual income stream. Attend this workshop to hear from those who have successfully employed the latter, discussing revenue, expenses, turnover, pros & cons.
Social Media Bootcamp
If your idea of promoting your community involves newspaper ads, kickdown signs, and radio, attend this workshop to address the advantages, and challenges, of today’s Internet and social media alternatives – your own website, Facebook, Twitter, Instagram, and others.
The leading manufacturers of MHs specifically designed for MHP/LLCs are sponsoring our Pre-SECO lunch this year. Hear about the newest options, features, and sales tips from the best of the best.
Demonstration – MH Placement & Setup
What’s involved in ordering the right home for a lot? What’s involved in placing the home on the lot, blocking & leveling it, and connecting utilities? Attend this hands-on session for an actual demonstration of setting a MH on a lot at a local MHP/LLC.
Passive Investing in MHP/LLCs
If owning and managing a MHP/LLC seems like it would require more time than you have or be outside your skill set, you might consider being involved in the MH industry as a passive investor. Hear from COs who manage dozens of communities owned by groups of investors.
Valuation of MHPs/LLCs
Valuing an income stream by applying a cap rate to NOI is pretty straightforward. What, however, are realistic revenue & expense estimates, cap rates, or estimate of value of vacant lots in MHP/LLCs? What about Park Owned Homes, rented or under L-O contract, or raw land that could be developed into MH lots?
Self-Storage – another alternative to MHP/LLC
If tenants who don’t have to be reminded to cut their grass or pressure wash their home, or who don’t call about maintenance issues, sounds attractive to you, perhaps there’s an investment in a self-storage facility in your future. How does self-storage compare to MHP/LLC ownership, management, valuation, and resale?
Another seemingly attractive alternative to MHP/LLC ownership and management is rental of sites to folks who drive $500,000 motor homes. Some of the nation’s most knowledgeable RV park feasibility consultants and owner/operators will talk about the pros & cons of this interesting, and possibly lucrative, investment alternative.
Insurance, Service & Emotional Support Animals, and more
What are the “gotchas” in MHP/LLC insurance coverage which you may be overlooking? What are your alternatives when a resident says your pet policy doesn’t apply to his emotional support pig or pit bull? Can a tornado/storm shelter pay for itself? What can you do to make your MHP/LLC residents feel better about dangerous weather?
Rent Manager – Property Management Software
Attend this workshop to hear about the many latest and greatest capabilities, features, and options of one of the leading MHP/LLC property management software programs. Basic concepts of the software will be covered, as well as advanced features surely to impress any accountant, community owner, or investor.