I just received a refinance appraisal on a park that came in essentially flat from the appraisal when we purchased it over a year ago, despite significant improvements to the property and increases in rental income. Purchase appraisal: $1.22M Current refinance appraisal: $1.25M Since acquisition, we’ve improved the property and increased rents, including lot rents to $395 for TOH and $550 for RTO homes. Based on the improved operations and NOI, I expected to see considerably more value creation reflected in the new appraisal. For anyone who has been in a similar situation: - Were you successful in challenging the appraisal or getting a second appraisal? - What was the most effective evidence to provide, better comps, corrected NOI, cap-rate support, rent roll, trailing financials, documented improvements, etc.? - Did you work primarily through the lender, directly with the appraiser, or request a formal reconsideration of value? - Were you able to materially increase the final value? If so, by roughly how much? - Any lessons on what actually moves the needle versus what appraisers tend to ignore? I’m less interested in appraisal theory and more interested in hearing firsthand examples from operators who challenged a low MHP appraisal and actually got the value changed. Thanks in advance for any insight

For people owning parks with POH, are you insuring the POH individually or typically just getting GL insurance on the park?

We're excited to announce that we've been working directly with Lowe's to build a partnership exclusively for MHP Pros members. This isn't a generic affiliate deal - this is a real, dedicated relationship with a Lowe's team that specializes in mobile home communities. What you get as a member of the Paid Community: 💰 Direct Discounts • 5-10% off general purchases at any Lowe's location • Contract pricing on 100+ high-volume MHP items (skirting, appliances, flooring, paint, etc.) at near-cost margins • Discounts go directly to YOU - not to us as a rebate 🤝 Dedicated Support • A single point of contact at Lowe's who actually understands MHP operations • No more 12-hour delivery windows - they'll work with you on scheduling • Can't find vinyl skirting at your local store? They'll source it and get it stocked • Help setting up your Lowe's Commercial Account the RIGHT way (no more accounting nightmares with multiple LLCs) 📦 Proactive Service • Give them advance notice on a project, they'll pre-stock materials at your local store • Onboarding guide so your account is set up correctly from day one • They can help structure accounts across multiple LLCs so your bookkeeping stays clean How it works: MHP Pros will be set up as a parent account. You link your individual Lowe's Commercial Account under our umbrella. You're responsible for your own account - we just give you access to the group pricing and dedicated support. This is exclusive to paid MHP Pros members. We vetted this partnership to make sure the incentives are aligned with YOUR savings, not ours. We're gauging interest now before we finalize discount tiers with Lowe's leadership. If this is something you'd use, drop a comment below or react to this post so we can give them a headcount. More details coming soon. 🚀

I am looking for a trusted note servicer for a mobile home note, that can do a split payout to me and my capital partner. Who do you like or recommend?

There are few operators as hands-on as @Kyle Grimm There are also even fewer operators as ethical and genuine as Kyle. Highly recommend following his newsletter! Congrats to Kyle and his family on adding a 5th member to the crew very shortly!