Equity lifestyle properties is a real estate investment trust based in Chicago Illinois that owns and operates mobile home properties across the country, with a large portion of their holdings being in Florida. The company was founded by Sam Zelle and is known for buying mobile home communities and then ruining them.
Most of the mobile homes on their properties are older homes built in the 70s and 80s and are outdated and in need of repairs and in some cases complete renovations. The problem is you will never get that money back and in most cases will never recover your initial investment and here’s why.
Mobile home communities are structured a little differently than traditional homes on real property. In the mobile home sector the property is owned by a family,group or corporation. You the homebuyer purchase the home but you don’t own the property, you pay a monthly fee for renting the property your home sits on . Included in that rent are the property taxes,utilities like water and garbage and lawn care and therefore your house is only worth what the community is worth, and if its owned by ELS you just got screwed
ELS is a publicly traded company and their only goal is making money for their clients and filling their own pockets. They are true slumlords and they don’t care. They raise the lot rents and cut back on amenities and maintenance. Hire our lawn care and maintenance companies by who is the cheapest not by reputation ,and they are all terrible,therefore reducing the value of your house
To find the real truth about ELS and why you should never purchase anything on any of their properties,visit our Facebook group We the people getting screwed by Equity lifestyle properties
Mobile Homeowners Unite 
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