Mobile Homeowners Unite

Investors have made a fortune from buying up mobile home parks and trailer parks. Yes there is a difference but the owner of the property I live on, Equity Lifestyle Properties, well they think they’re both the same.

Billions have been made off the poorest of the poor and the seniors of our country have been pillaged by billionaires like Sam Zell of Equity Lifestyle Properties, Warren Buffet, and others. Warren Buffett, the nation’s second-richest man with a $72bn fortune, owns the biggest mobile home manufacturer in the US, Clayton Homes, and the two biggest mobile home lenders, 21st Mortgage Corporation and Vanderbilt Mortgage and Finance Company so that tells you that theres big money in mobile home communities. Sam Zell’s Equity LifeStyle Properties (ELS) is the largest mobile home park owner in America, with controlling interests in nearly 140,000 parks. In 2014, ELS made $777m in revenue, helping boost Zell’s near-$5bn fortune.

The problem is that certain investment companies like Equity Lifestyle Properties dont do anything to make their communities better. Thousands of mobile homeowners renting land from ELS say that this company has ruined once beautiful communities from day one. They raise the rent, have as little staff as possible on property and cut the amenities down to nothing.

Mobile homeowners have had enough. Whether its Equity Lifestyle Properties or another mobile home park REIT , We wont be bullied anymore. For all of you prospective investors in mobile home parks who go to these clinics put on by Frank Rolfe the owner and founder of Mobile Home University You had better rethink your plan because we have had enough and will be relentless on holding new owners accountable for the way they run their property.