844.667.0777

Do You Own a Mobile Home Park?

Want to Make More Money and Increase Your Wealth?

Want More Free Time to Enjoy Your Life?

Need Help Managing Your Mobile Home Park?


Property Management Services and Deliverables:

Initial Property Assessment Package
  • Standard Checklist/Property Evaluation
  • Established As-Is Pre-ParkNation Baseline
  • Create Adjusted Pre-ParkNation Baseline as basis for future reporting and profit sharing
  • List of Key Measures
  • Produce Financial budget/Target based on proprietary ParkNation Management Methods and best practices
Operations
  • Mobile Home Park Management
  • Tenant Management
  • Tenant Screening
  • Tenant Contract Management
  • Provide Professional Experienced Park Manager
  • Screen/Train Existing Manager, Manager & Supervise on-site Employees
  • Rent Payments
  • Secure Payment Collections and Deposits
  • Payment Enforcement, Collections and Evictions
  • Utility Management
  • On-site inspection Process/Rules & Regulations Enforcement
  • Inventory Control and Purchasing
  • Managing Vendors and Independent Contractors
  • Manage Deferred Maintenance and Capital Improvements
  • Manage & Maintain Permits from Regulatory Authorities
  • Bill Payments
Financing and Accounting
  • Transparency and Accountability
  • Financial Assessment and Baseline Establishment
    • Review and Analyze Current Books
    • Assessment of Differed Maintenance Items
    • Assessment of Capital Improvements
      • Short-term Capital Improvements
      • Long-term Capital Improvements
    • Establish & Agree to with owner on 1 year budget and baseline
    • Establish and agree to with owner on 3 year budget and baseline
    • 1 to 3 year budget must show net profit or the contract will be subject to a higher management fee and/or subject to exclusion of capital expenditure for profit sharing calculations (pre-contract assessment)
  • Establish an Operating account for the mobile home park(s) under a fiduciary relationship where ParkNation is the Trustee and the Mobile Home Park Owner is the Benefactor. All the deposits, expenses and cash-flow shall be managed out of this operating account.
  • Accounting
    • Accounts Payable/Accounts Receivable
    • Record monthly Transactions
    • Vendor Management
    • Intercompany Invoices/Billing
    • Detailed Cash-Flow analysis
    • Budgeting & Forecasting
    • Facilitate and Review Financial Reports
  • Independent 3rd Party Bookkeeping
    • Account Reconciliation
    • Produce Financial Reporting
      • Reporting made available to owners online
    • Tax Preparation
  • Annual Planning & Review with Owner (sign off past performance/future plan)
  • Profit sharing shall be based on the accrual based P&L or cash-flow from operations
Business Development, Marketing and Sales
  • B-C Sales Program
  • Comprehensive Marketing & Advertising
  • Sales Call Center
  • Manufactured Home Dealership Program Aligning Prospect Tenants, Park Vacancies and Dealer Inventory
  • Website advertising
  • Dedicated Manager – Sellers

Reporting

  • Property Management
    • Rent Rolls
    • Occupancy and Inventory Dashboard
    • Sales Dash Board
  • Finance and Accounting
    • Inter-company Receivables
    • Monthly Cumulative P&Ls per Park and per company
    • Quarterly Summary P&Ls per Park and per company
    • Quarterly Balance Sheet
    • Budget Vs. Actual
    • Monthly Cash-Flow Analysis
  • Owners provided limited access to bank account(s) able to see transactions and create reports
  • Management Review
    • Report Review & Status
    • Analysis
    • Projection including next period actions and budget

Reporting

Schedule a call back from a Mobile Home Park Specialist.

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