Last week tonight Sunday’s episode discussed a very important subject that many folks in America, and particularly our elderly communities, are impacted by; mobile home parks and private-equity firms.
According to the Seattle Times, between 2016 and 2017, one such equity firm produced over 30% return on investment from their acquisition of mobile parks.
These private equity firms make money by raising rents and through fees for anything which does not meet their rules. Fees range from huge late-payment costs, to fees for lack of general up-keep, etc. Much like utility add-on fees, they help to boost the revenue of these private-equity firms to the tune of close to $1 billion.
To make things worse, these firms are happy to help like-minded investors find mobile parks of their own. There are seminars and bootcamps (paid of course) that provide all of the information needed to find good investments; including tours.
As the wealth disparity in America (and the world) continues to grow, these type of investment activities will continue to rise. It is important that we look out for the canaries in the mine and urge our government to place laws in the book that help to protect its citizens.
