Justin Donald explains why mobile home parks demand far less work than apartment buildings: residents own their homes, so owners only maintain utilities, typically 5-10 hours weekly. Each successive park he bought covered different expenses—the second covered survival costs, the third his lifestyle—until he could hire a manager and step back entirely.
With mobile home parks, it's a lot different than most other, you know, multifamily. It's a lot less of a lift. There's not a lot to do. I mean, it really was 5, maybe 10 hours a week max. It's just not the same animal as some of the other, you know, it's like an apartment complex. Most of the residents own their own property, own their own homes. You don't have to maintain the home. You just have to maintain the utilities to the home. So in time though, you know, we bought that second park and it covered our survival income. We bought our third park and it covered our lifestyle income. So at that point I knew I didn't have to work. I mean, it was a true choice. Like I get to work, I don't have to work. So what is it I want to do? What is the hour, you know, kind of breakdown that I might want to work inside? You know, what am I passionate about? And at that point in time, we also had enough profit to be able to bring in a manager to run everything.
