Do You Know These Secrets to Managing Your Manufacutured Home Community’s Finances?

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Everyone knows how difficult it is to keep your finances in order. Sometimes it can feel like all you’re ever doing is waiting for the next bill. In manufactured home and RV communities, you can get overwhelmed and behind before you know it. 

 
The idea of hiring a property management company to handle your finances when they feel threatened might seem daunting. In fact, you might feel like it’s counter intuitive if anything. Handing something over to another company as crucial as your finances is a big step, but it can make a difference in your community. 

Take a moment to look over the questions below to assess whether you should consider hiring a property management company in your community. 

  • Do you have the need for timely, accurate and comprehensive financial reporting?
  • Do you need a more detailed explanation of the financial health of your community?
  • Do you have special reporting needs for partners or lenders that require more than the typical monthly reports?
  • Are collections and resident ledgers a challenge?
  • Would an automatic payment system help your cash flow?
  • Are payables too time consuming?
  • Are you missing out on discounts from vendors and contractors because you are not part of a larger group?
At Newby Management, our accounts will handle your money as if it were their own. They personally invest in the outcome of your financials as they provide excellent customer service and financial reporting. 

When you make your requests know our accounting team will meet them consistently. Our financial service package can be customized to meet the unique needs or your manufactured home or RV community. Unlike other property management companies, you’ll have the comfort of direct access to the account who handles your finances on a day-to-day basis. 

Here are some of the services our accountants provide: 

  • Budgets
  • On-Time Payment Processing
  • Rent Collection
  • Professional Financial Reporting
  • Manage/Reconcile Bank Accounts
Learn more about Newby Management and the manufactured home property management solutions they provide by visiting www.NewbyManagement.com

How to Serve Residents at the Holidays with a Single Bag

service, serving christ, christian company,acts of service, property management, property management florida, florida property management company, mobile homes, manufactured homesRows of Cherrios lined the walls and boxes of food filled the conference room. For one day, the team members at Newby Management turned into a food packing assembly line.  As holiday music plays, team members gather to serve residents. For some team members, like Kelly Horalek, a corporate office accountant, this is her favorite day of the year.

At the holidays especially, we notice the needs of people around us. At Newby Management, the team noticed that some residents were struggling to feed their families, something that becomes especially difficult around Christmas. That was when they started delivering holiday food bags to residents in their communities who needed an extra hand.

This year the corporate office team packed an astounding 1,500 pounds of nonperishable food. It’s the kind of food most people take for granted, like peanut butter and jelly or oatmeal. But for some families, those staple items will go a long way.service, serving christ, christian company,acts of service, property management, property management florida, florida property management company, mobile homes, manufactured homes

138 bags were given away in total. The bags are personally delivered by a corporate team member, so the residents aren’t just getting food, they are getting encouragement too. While some residents need food care packages, others just need a bit of holiday cheer. For residents who had a difficult year, the team delivered fresh poinsettias to their homes. It’s just a simple reminder that they are being thought about during the holidays.

Serving residents in your mobile home community during the holidays can take on many different forms. Whether you do something big or something small, know that it can go a long way to boosting morale in your community. Sometimes the best thing you can do is to meet people where they are and love them.

Merry Christmas, from everyone at Newby Management.

See More Photos from the food drive on our Facebook page!

Quick Pros and Cons to Hiring a Real Estate Agent to Sell Your Mobile Home

Manufactured home loans, manufactured home financingSelling your home is stressful, but preparing to sell it can be just as challenging. We’ve discussed some ways you can get your home looking great for sale, how to take dazzling pictures and why you need to respond quickly. Now, we’re going to talk about the pros and cons of selling your home without an agent.

PROS TO SELLING YOUR HOME WITHOUT A REALTOR
  • No Commission Fee: Generally there’s an agent commission fee of  about 6%, so a home listed for $250,000 would have a commission of roughly $15,000.
  • You Know Best: Who knows your home better than you? While a realtor may be selling several homes at a time, you are just selling your and you know it best. You’ll be able to point out amenities, features and tell the buyers candidly about the area and neigborhood, something a realtor can’t do.
  • You Are In Control: When you sell your home, you can choose the price, appointment times and how you negotiate with buyers. Realtors generally take control over these things when they become your agent, so if you don’t feel comfortable with that sometimes it’s best to do it yourself.
CONS TO SELLING YOUR HOME WITHOUT A REALTOR
  • What’s it Worth?: When you sell your mobile home yourself, you’re risking selling it for a lot less than it’s worth. In fact, statistics show that homes without an agent sell for about 15% less than homes sold with a realtor.
  • Less Visibility: There are tons of great places to list your home for free these days, but the best and fastest way is through the Multiple Listing Services. This is one of the biggest online tools available to realtors and they have more experience in promoting homes.
  • Time: Researching the process of selling a home, understanding the current marketing, advertising methods and working with potential buyers is all very time consuming. Hiring a realtor who knows this already will get your mobile home sold much faster.
  • Paperwork: Preparing the legal forms is your responsibility, so if you aren’t sure how to do it, you’re risking legal and financial liability. Plus,k you don’t want to rely on the buyers realtor to fill out this information, they have a responsibility to get their buyer the best deal possible.
  • Weeding Out Buyers: There are lots of buyers who aren’t qualified or are just window shopping. One thing realtors do is to make sure they are bringing prepared buyers to see your home who can afford to purchase it.
There are lots of pros and cons to selling your mobile home with a realtor. If you’re ready to take on the task, visit some of our other articles to see how you can best prepare your home for sale. If you’re selling a mobile home in Florida, give us a call at 941-721-0046 so we can see how our dedicated sales team at Newby Realty can help you sell your mobile home fast.

Five Ways to Help Residents Get Involved in Your Manufactured Home Community

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Residents at Rolling Greens, Ocala, staying active.

If you ever talk to someone who loves where they live you’ll often hear the same thing. They love the community! For many people living miles from family, the friends surrounding them become their loved ones.

Fostering this feeling in your manufactured home communities and RV Resorts is so important. These communities aren’t just houses in close proximity, for many they represent home, family and a sense of belonging. But communities like this don’t just happen, they are built over years and become neighborhoods sharing experiences, laughter and love.

At Newby Management, we believe this sense of community is one of the most important aspects of managing manufactured home communities and RV Resorts. As such, we wanted to give you five ways to help your residents get involved in your community.

1. HOST MONTHLY EVENTS
Each month, plan several events that will bring the residents of your community together. Whether it’s something small, like coffee and donuts, or something bigger like a potluck, your residents will enjoy getting to meet each other. Each event will begin to feel more and more like a family reunion.

2. USE SOCIAL MEDIA
Today, communities are built in person and online. If you’re hosting monthly events in your manufactured home community, let people know about it! Get your residents talking on social media, whether you’re asking them to share pictures or use a certain hashtag. Eventually you’ll have a community of people who love promoting you! Plus, if your community caters to snowbirds they can stay involved during the summer months, too.

3. CREATE SOCIAL CLUBS
When people move into your community, screen them for their interests. Create a form that lets people select the type of things they like to do. For example, photography, knitting, running, woodworking, etc. Then you can give your new resident information on others in the community who like the same thing, what time social clubs meet and how to best get involved. Some people are too shy to find people who like the same things they do, so this gives them a head start!

4. CREATE BUZZ
If you’re hosting an event in your community, make sure to create some buzz. Pass out flyers, hang banners and get people talking. When people come into your office remind them about the event and tell them to bring a friend. Use social media to help your cause. If you’re excited about the events going on other people are going to get excited too! Once word gets around you’re more likely to have a full house.

5. ENGAGE THE LONERS
Sometimes people will come to events but will sit by themselves. Engage these people, talk to them about their interests, see if they filled out an interest sheet. If not, have them do one. Introduce them to people at the event with similar interests. Try to help them engage with the community around them. Sometimes shy people just need a little budge to become the social butterfly!

At Newby Management, we believe strongly in the power of community. We strive to promote a sense of fun, friendship and fellowship for all our residents. That’s part of why we host strawberry socials in the spring and chicken BBQs in the summer. We love to see our residents get together and have good times! How do you promote resident involvement in your manufactured home community?