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Wednesday, September 26, 2018
MHET Breakfast Forum
7:30 a.m. - 9:30 a.m.


What to Consider When Purchasing or Selling a Mobile Home Park/Manufactured Housing Community

Whether you own one or a dozen mobile home parks you may well be looking to purchase another Park. Or, you may be considering selling your Park. And, as we learned at the June Forum presentation, mobile home parks are selling for very impressive prices! Whether a buyer or a seller of a California Park, you will face some challenges and many decisions. During due diligence, you or your buyer will determine how the park has been managed, learn about local rent control laws that impact the business, evaluate the condition of the Park, the demographics of the residents and, of course, the rental rates – whether it is significantly below market or not – along with much more. As a buyer, you will also need to calculate the impact of the property tax adjustment, which will significantly increase the expenses if the property has been under one ownership for years. Are there things you can do as a seller to better position your Park to sell? As a buyer, how will you manage bringing rents to market and dealing with the property tax increase? How does rent control impact the value of a Park? And, on and on! We have asked attorney Richard Close to help identify and address the issue to consider when selling or buying a mobile home community in California.

Speaker

Richard Close, Attorney at Law
Cozen O’Connor

Download the Registration Form.

More information, please call at (949) 380-3303

Financing

More information, please call at (949) 380-3303 or download the Registration Form.

Calendar of Events

 

2018 Breakfast Forums
4th Wednesday of the Month at 7:30 a.m.

Mark your calendar for upcoming Forums:

October 24

Location
Avenue of the Arts Hotel
3350 Avenue of the Arts
Costa Mesa, CA

MHET Orange County Holiday Breakfast
Wednesday, December 5, 2018
Avenue of the Arts Hotel 3350 Avenue of the Arts
Costa Mesa, CA

 

MHET Inland Empire Holiday Luncheon
Thursday, December 6, 2018
The Mission Inn, Riverside, CA


 
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