Equity Lifestyle Properties, Sun Communities, Legacy Communities and a shit load of up and coming REITs that just love investing in mobile home parks are getting away with grand theft.
Mobile homeowners across the country but especially in Florida are being raped and pillaged financially from crooked thieves called REITs or Real Estate Investment Trusts. Equity lifestyle properties otherwise known as ELS or myMH community is probably one of the worst , but every one of them are all following suit and imposing Nazi like rules and regulations upon senior citizens living in mobile home parks across Florida that cant fight for themselves . These real estate investment trust companies are financed by even bigger companies like Blackrock Vanguard and Wells Fargo to name a few who have been pouring millions of their investors money into companies that invest in buying and managing mobile home parks. Is there that much profit to be made investing in trailer homes that old ladies living on social security reside in ? The answer is a big Yes.
Targeting senior citizens living in mobile home parks across Florida was a no brainer for real estate mogul and the founder of Equity Lifestyle Properties Sam Zelle. These folks, most on fixed incomes and most unable to afford any other way of living are the targets of these billion dollar companies, and to me there is just something wrong with that, but the reasons why they chose mobile home parks will make your stomach churn.
“What are they going to do if we raise the rent its not like they can move” ! Yes this blurb was recorded from an investor training course on why investing in mobile home parks is so lucrative and the reason it becomes so attractive is because mobile homes dont move in the sense that their name suggests.
Since Covid 19 mobile homeowners in Florida have been raised almost 40 % and are receiving half of the amenities that they used to get.
To the Federal Bureau of Investigation, mobile homeowners and every senior citizen living in a mobile home park in Florida need your help.
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