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Mobile home residents buy their mobile home park

Resident Owned Communities

Resident Owned Communities

If you have ever desired to buy the park you are living in, or if your park is currently for sale, check this out.


Resident Owned Communities USA is a company that helps mobile home park sellers and their residents complete a purchase and conversion from a rental park to a Resident Owned Community.

This is a huge benefit to both sides - the owner of the park sells the park and the residents buy it and now control it.

Visit the ROCUSA webstite here: http://www.rocusa.org

To get a sense of what they are all about, here are their goals taken from the website:

"The reason we exist is to make quality resident ownership possible nationwide.
When a manufactured home community or “mobile home park” is for sale, ROC USA® seeks to provide homeowners who are working together as a democratic organization with the opportunity to purchase their community.
ROC USA also provides groups with on-going technical, training and networking support to help them build value and be successful over time.
Our goals are to:
• Preserve and improve affordable communities;
• Build assets for low- and moderate-income families and individuals; and,
• Support mutually-supportive communities and leaders."

For more info visit: http://www.rocusa.org/about-us/mission-and-goals.aspx

For residents, this is often a blessing as they now can control the income and expenses of the park they live in, thus guaranteeing that their rent only goes up when expenses go up, and not to be an income for an owner or investor.

For owners of mobile home parks, this is a great way to sell your park. Typically the residents are willing to pay top dollar for the park as they stand to benefit from ownership.

Check out Resident Owned Communities USA for information on how they can help. Basically they are the grease that helps get the parties talking and negotiating. And they are experts in getting this kind of transaction completed, so they know where the landmines are.

Any thoughts, commments, or ideas you would like to share? Please feel free to use the form below.

Comments for Mobile home residents buy their mobile home park

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Jun 19, 2012
Rating
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I love and ardently believe in this concept
by: John DL Arendsen

As a stakeholder of 30 plus years in the MH community at all levels, our companies:

ON THE LEVEL General & Manufactured Home Contractors INC B&C-47 5214000, www.onthelevelcontractors.com,

CREST HOMES Manufactured Home Dealer & Developer,

MH-PROCESSING LLC, www.mh-processing.com

TAG REAL ESTATE SALES & INVESTMENTS, California Real Estate Brokerage, www.tagrealestatesales.com,

have been working with various law firms and MH Park conversion companies for decades and truly believe in the concept of homeowners having the opportunity to own their own property and control their destiny.

We specialize in the installation, retrofit and repair of the foundation system that is generally required in order for the residents to be able to actually go through the process of converting their home from "CHATTEL" to "REAL PROPERTY".

We also provide the required "ENGINEERED CERTIFICATION" "AFFIDAVIT of AFFIXTURE" and California Housing and Community Development Department (HCD) required 433A documentation

We are happy to extend our services to any and all MH conversion specialists and/or homeowners in need of these services. We are currently working on a major park conversion in Santa Maria whereby we will be retrofitting and certifying upwards of 80 homes.

Please feel free to contact us anytime: The company you choose to do your foundation retrofitting and engineered certification will make a huge difference in how fast, efficient and smooth your conversion process will go. Work with the professionals who know this industry and have been providing these services for thousands of homeowners for decades.

Jun 19, 2012
Rating
starstarstarstarstar
I love and ardently believe in this concept
by: John DL Arendsen

As a stakeholder of 30 plus years in the MH community at all levels, our companies:

ON THE LEVEL General & Manufactured Home Contractors INC B&C-47 5214000, www.onthelevelcontractors.com,

CREST HOMES Manufactured Home Dealer & Developer,

MH-PROCESSING LLC, www.mh-processing.com

TAG REAL ESTATE SALES & INVESTMENTS, California Real Estate Brokerage, www.tagrealestatesales.com,

have been working with various law firms and MH Park conversion companies for decades and truly believe in the concept of homeowners having the opportunity to own their own property and control their destiny.

We specialize in the installation, retrofit and repair of the foundation system that is generally required in order for the residents to be able to actually go through the process of converting their home from "CHATTEL" to "REAL PROPERTY".

We also provide the required "ENGINEERED CERTIFICATION" "AFFIDAVIT of AFFIXTURE" and California Housing and Community Development Department (HCD) required 433A documentation

We are happy to extend our services to any and all MH conversion specialists and/or homeowners in need of these services. We are currently working on a major park conversion in Santa Maria whereby we will be retrofitting and certifying upwards of 80 homes.

Please feel free to contact us anytime: The company you choose to do your foundation retrofitting and engineered certification will make a huge difference in how fast, efficient and smooth your conversion process will go. Work with the professionals who know this industry and have been providing these services for thousands of homeowners for decades.

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