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Uncover best practices that will help extend the life of your park asset network, prioritize repairs, estimate capital costs, and enhance your visitor experience. Smaller Investors often try to Self-Manage their Mobile Home Parks. Even owners with Real Estate Property Management experience often don’t do well self-managing their parks because Mobile Home Parks ofter some unique Management challenges. I was wondering what everyone out there is using for your MHP management software.
When you look at Park Sidekick, it almost looks like you can hear Steve Jobs calling for Wozniak in the background computer fair. Well, the one that we use is called Rent Manager. Now Rent Manager costs about $200 for initial set up, and about $75 per month per user. So it's definitely more expensive than QuickBooks and Excel.
What Type of Buyer Are You?
By claiming your product on Warebuy, you are contributing to the Warebuy business database. By keeping your Product up-to-date, you will be promoting yourself to a huge online audience and helping to maintain our owner-verified dataset. After claiming, you can add images, prices, features, case studies, etc. to your product at free of cost. Now next week at our fifth and final installment of the Top Five Tools of Mobile Home Park Owners, we're gonna be talking about the biggest tool that any of us have. This is Frank Rolfe for the Mobile Home Park Mastery Podcast, glad you're here, talk to you again next week.
There is a wide variety of mobile home park software that will help you, your team, and tenants. From payments to tenant and management communication, there’s definitely software that can meet your needs. One only needs to know where to look. Long gone are the days where you could go down and get a bank loan with a bunch of financials that are written in pencil and cursive, like many moms and pops did. Today, you've got to have sophisticated books.
Smart Parks: A 7-Step Guide to Park Asset Management
Power every permit, license, and inspection with OpenGov's user-friendly, cloud-based Citizen Services software. Cartegraph’s Scenario Builder feature predicts the future cost of any asset. Within seconds, project which activities will maximize the life of your high-value infrastructure assets. We also offer our clients a ‘mentoring program’, where we will teach the park owner just what we do so that they can do it for themselves someday, if they so choose. Most don’t, because it makes more sense to have us do it for them.
Will it be just you, or will you have your managers involved? Or will you have others involved somewhere between you and the managers? So which is the easiest for them to handle?
Payments
If that's tracking all of the bill backs you're doing, and all the comparison of bill backs now, and how much you've spent and how much it was a year ago, again, that's huge. All of your budget actual difference. The only one that software can't manage for you is property condition. However, as we mentioned on last week's podcast, you get around that with HD videos.
The data you need for park planning, council sessions, and neighborhood meetings is available anywhere. And here’s a huge selling point – Rent Manager will integrate with a variety of other software options for business analytics, inspections, maintenance, and more. The first one is called Manage America. And Manage America is a fairly expensive software program, and I'm not going to even give you the pricing. I'm not really sure of it myself. But I know that when we looked at these compared together, it was the most expensive of the three I'm gonna talk about.
Your management team, landlord, and even tenants can easily communicate, make payments, and track maintenance requests within this software. So, it's a little antiquated, but yet some people really like that, because they like kind of the old school look. So, again, you know, there's freedom of choice out there.
Software to manage your park and everything in it. Know what assets you have, where they’re located, and what condition they’re in. Perform inspections, add notes, and attach photos from the field.
The Off-Site Manager may be an individual, a small or large group, or a professional Property Management company. The Off-Site Manager usually reports to the Property Owner, unless there is a Mobile Home Park Consultant in the loop, like RLM Properties. The Offsite Manager oversees the On-Site Manager and other onsite employee staff. Most professional off-site managers are very professional and good at what they do. They just don’t do many Mobile Home Parks.
When you buy that mobile home park, you are going to be providing regular statements to your lender, to your accountant, to do your taxes. You've gotta make sure those statements are 100% accurate. And, we're going to talk first about QuickBooks. Now, QuickBooks is where most people begin. It's definitely for smaller operators who have just their first park or first few parks.
Call us to get all the facts on our mentoring program, and all our MHP Consulting Services. Invest in real estate and never run out of money! Buy, Rehab, Rent, Refinance, Repeat is the five-part BRRRR real estate investing strategy that makes financial freedom more attainable than ever. Find the best Mobile Home Park Management Software for your business. Compare top ERP, CRM, POS Software systems with customer reviews, pricing and get a free demo.
Now, there's a lot of other software packages out there. I'm only gonna talk about three others. But there's a lot of new things, and there's new things coming out all the time. There's a lot of different things. But there's three are the main ones that most mobile home park owners are using. In addition to the above points, Appfolio will help you stay connected with everyone involved in the day to day life of your mobile home park.
Appfolio
And, if they realizes that you don’t keep accurate books, they might start stealing. Syrasoft has served property and manufactured housing park needs for over 25 years. Managers and owners can rest easy on that expertise while utilizing tools built on decades of experience from home, the office or on the go. First on the list is Quickbooks.
Very simple to use, very easy for the manager to do, and for you to download and look at. Well, Yardi Voyager is probably the most sophisticated. It probably has the largest support staff you can get. You definitely pay for that, however, for mobile home park applications, it's actually less expensive than Manage America to our knowledge. It probably would be second on price.
