Entrance upgrades at our portfolio communities (296 pads) in Columbia, Missouri.

Improvement updates at Auman Acres MHC in High Point, NC.

Why Infrastructure Matters for Manufactured Housing Communities

Two industry executives share their experiences in acquiring and managing value-add properties without overburdening the residents.

Over the last 12 months, we have doubled down on our in-house operations and management. With our Regional Manager, Jeremy Gray, on board, we’re hyper focused on building out a best-of-class infrastructure to provide the highest level of service to our residents and stakeholders.

Late last year, we acquired a 170-unit manufactured housing community in the Huntsville MSA of Northern Alabama. The community is located in a thriving market but it was in need of some major upgrades. Immediately post-closing, the Sponsors moved on-site for several weeks to personally oversee the capital expenditure plan and business plan.

Pioneer expands team as the firm continues to grow their nationwide manufactured housing portfolio.

There are countless reasons for tenants to move out of their traditional rental apartment. Whether they receive a new job, switch schools, or want to experience a different neighborhood culture, tenants can pack up and move with the slightest of efforts. The result is a daunting 45% average turnover rate in national multifamily apartment buildings. Both private and institutional investors are left exposed to a significant risk of losing tenants, facing turnover expenses, and being left with vacant units.

The United States of America is, by many metrics, experiencing a growing crisis of housing affordability. Since 1937, the Federal Government has defined affordability in terms of housing as spending 30% or less of a household’s income on housing. Recent estimates conclude that approximately 47% of all renters are cost-burdened, paying at least 30% of their income on housing. Even worse, over 10.8 million American households are severely cost-burdened renters, paying more than half of their income on rent.

In the wake of COVID-19, the entire global economy has essentially been put on hold for the foreseeable future. Some people are already referring to this period as the “Great Lockdown”. These are strange times, they are cruel times, and they are – above all – unprecedented times. With over one-third of the global population currently living in lockdown, the modern world has truly never witnessed anything like this.

Dear Friends, We hope this message finds you and your families well. In the midst of these turbulent times, we have all been pushed and challenged in ways unprecedented.

In the midst of the COVID-19 pandemic, one of the most pressing issues and detrimental byproducts to Americans nationwide will be the financial strain from this unprecedented downturn. According to Curbed NY, a number of NYC landlords have already pledged to halt evictions for a period of three months due to the coronavirus outbreak.

Mobile Homes and Taxes: What to Know Before You Pay Uncle Sam Property Taxes are one of the largest expenses that homeowners incur every year.

Real Estate in the 2010s and What is In-Store for Mobile Home Parks in the 2020s. The United States began the 2010s in a state of dismay and panic as it slowly begun to recover from the repercussions that followed the infamous Global Financial Crisis of 2008.