MHCO

Sensible Innovation for Financing Homes in the Dodd-Frank Era

Question: I have two questions regarding submetering. When a community completes the submetering and the tenant is paying back the community for the meter and cost of installation, who owns and maintains the meters from that point on? The second question is that we have a community that was metered when it was built but the community is on a master meter and paying for water and sewer. The community wants to give the notices to the tenants regarding submtetering but keep the current meters and not charge the tenants at this time for the cost of metering. If the community chooses to upgrade the meters at a later date, can we then pass the cost on to the tenant?

The Ten Worst Mistakes to Avoid in Community Management

A well management community is essential to making life easier and more pleasant for management and residents.  Here are 10 mistakes to avoid in the management of your community.  Remember - a well managed community - good property management - results in happier residents, pride in the community, encourages resident referrals and discourages the need or desire for additional landlord-tenant legislation.

So - here are ten mistakes to avoid:

 

    Reinvesting In Capital Projects In Your Community

    Like all business decisions these days, business owners must make informed decisions. Reinvesting in your manufactured home community is no different. MHCs are considered one of the best forms of affordable housing, which are in short supply. Today building a new MHC is usually economically unfeasible in areas due to the restrictions being placed on them by local and state government. Therefore, it's ever more important to not let your MHC deteriorate. Being proactive by putting together a Capital Improvement budget and developing a reserve account is a good idea. Depending on the age of your community the capital improvements will vary from sewer lines, water lines, resurfacing the roads, replacing cracked sidewalks, and club house remodeling.

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