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Trailer Parks Eagle ID

Whether you call them trailer parks, mobile home parks, or the more accurate term Manufactured Home Land Lease Communities, since the early 40´s they have played an important part in our Nations affordable housing. Initially they were a convenient source of low cost housing for factory workers during WWII, and after the war as alternative to site built homes for low and moderate income housing needs.

Re/Max West
(208) 375-9700
12501 W Explorer DrSte 100
Boise, ID
 
Re/Max Town & Country
(208) 888-9971
850 E Franklin RdSte 409
Meridian, ID
 
Re/Max Advantage
(208) 466-0002
5680 E Franklin RdSte 100
Nampa, ID
 
States Realty
(208) 322-5600
6874 W Fairview Ave
Boise, ID

Data Provided by:
RE/MAX Elite Properties - Megan Schomer
(208) 695-6300
10062 W Fairview Ave # 120
Boise, ID

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Re/Max Elite Properties
(208) 377-2999
10062 W Fairview AveSte 120
Boise, ID
 
Re/Max Capital City
(208) 344-7477
1420 W Washington St
Boise, ID
 
The Lawson Company Real Estate Professionals
(208) 249-6660
1110 N Five Mile Rd
Boise, ID
 
a RE/MAX of Boise
(208) 853-5000
4826 Riverine Place
Boise, ID

Data Provided by:
Reverse Mortgage Expert
(208) 409-8887
7639 W. Riverside Dr Ste 100
Boise, ID
Office Hours
Always open

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The Case for Land Lease Communities

The Case for Land Lease Communities
Sun 05/11/08 04:59:14 pm
by Ed Hicks

Ed HicksWhether you call them trailer parks, mobile home parks, or the more accurate term Manufactured Home Land Lease Communities, since the early 40´s they have played an important part in our Nations affordable housing. Initially they were a convenient source of low cost housing for factory workers during WWII, and after the war as alternative to site built homes for low and moderate income housing needs.

Today they seem to be in demise. Or are they, and should they be?

With ever increasing difficulties in obtaining zoning and land use approvals from local governments, and the lack of viable chattel financing for home buyers, with the occasional exception of an age 55+ age restricted community, there are virtually no new ones being built. And, those previously built in areas where population growth has encroached,they are often being dismantled for a higher and better land use. So in fact, the actual inventory of home sites available for leasing to residents for their homes is diminishing.

Reasons for the failure to obtain land use and zoning approvals range from perceptions by lawmakers of lower taxes generated on a given site when compared to site built housing, to perceptions of lowering neighborhood property values and mis-truths about wind safety and construction quality. None of these objections are valid, but perception is reality in the eyes of many politicians or their misguided appointees to planning commissions.

A well-managed investment grade manufactured home land lease community provides residents with many features not available in site built housing. First, residents are screened for previous violations of criminal laws and for any outstanding wants and warrants. So, the likelihood of having a convicted child molester or drug dealer as a neighbor is minimized. Next, their credit and employment records are reviewed to assure management and their neighbors of their past history of financial responsibility, and ability to meet future obligations.

Once properly screened the must agree to a binding real property lease with it´s associated community guidelines for living which include rules and regulations for the benefit the management and for all community residents. A failure to meet financial obligations, properly maintain their home, or keep lease agreement terms and conditions results in first a warning, then the threat of eviction of their home and all residents which reside there, which may be at great expense. Most evictions are a non-judicial process , which is generally easy and timely on behalf of management and the other community residents.

Residents' homes which are properly maintained in well managed communities generally continue to increase in value at about the same or higher rate than may be found in nearby similar site built homes, provided adqua...

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