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:
On-Time Payment Processing
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.
Rows 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.
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.
Selling 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.
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?
Looking for the truth on new manufactured homes? They aren’t what they used to be. You’re thinking of your grandma’s trailer. You know, the one full of chotskies and lacking a certain modern flare? Get ready to be amazed, because new manufactured homes are bold, beautiful and better than ever before. There are tons of options for 2016 manufactured homes, but today we’re going to look at Skyline Homes.
BUILT TO LAST
Skyline Homes is proud to present new 2016 manufactured homes that meet rigorous building, environmental and safety standards. These homes are not only beautiful, but are built to last. From the roof to the siding, you can be sure you’re home is top notch. To back the quality of their homes, Skyline offers warranties with their roofs (25 year prorated warranty), the durable vinyl lap siding (limited lifetime warranty), and even a 15 month full home warranty, which you can learn about below.
Skyline Homes features floor plans and options to fit a variety of needs and budgets. Homes can include everything from granite counters and tray ceilings to stainless steel appliances and beautiful raised porches. You can choose from flawless vinyl wood flooring, large bathtubs, exquisite kitchen islands, open floor plans and a variety of modern upgrades to make your home uniquely yours.
Save money on your electric bill with energy efficient homes. 2016 Skyline homes are built with state-of-the-art floor, ceiling and wall insulation that help keep the home cooler in summer and warmer in winter. Skyline is an Energy Star partner, which means they’ve used Top-Grade Insulation, Extensive caulking and tight construction to eliminate unwanted drafts, High-Performance Windows and Doors, Use Energy Star approved materials including low-escape air ducts, so you can be sure your home meets energy efficient standards!
Love the environment? Manufactured homes produce 30-40% less waste than comparable site-built homes. Skyline homes has a commitment to going green and they build under strict environmental policies to help protect the earth and create beautiful homes in the process. You can learn more about their green building policies by visiting their website.
FULL 15 MONTH WARRANTY
Every new Skyline Home is backed by Skycare, a full 15-month warranty. This warranty is not partial or limited and includes manufacturing defects reported to Skyline within 15 months after original retail delivery by an authorized dealer will be corrected without charge and within reasonable time.
There are many types of mobile home and RV communities, from land owned and land leased, to family-friendly and 55+. And it’s important to remember that each community has different goals and needs. Today, we will discuss some of the considerations you should have for each community.
ALL AGE COMMUNITIES
All-age communities are made up of families, singles and seniors.
Amenities should appeal to families: playground, basketball hoop, etc for children.
Amenities should also appeal to seniors: shuffleboard, pool, exercise for seniors.
Offices may consider later hours so residents can stop in after work or on Saturday.
Collections may be tougher because of other demands on income.
Community-wide activities may be poorly attended as residents are mobile and seek outside events.
Seniors are looking for quite, active-adult communities with like-minded people.
Amenities could include shuffleboard, bocce ball, pool, tennis, pickleball, etc.
Offices are usually open during the day as many retired seniors are around.
Collections are generally easier at these communities.
Community activities are better attended as seniors may not want to travel outside for events.
Church services often take place on the premises.
Today’s seniors are much more active and are looking for more than just a community, they are searching for a lifestyle.
They want more amenities and more events than ever before that cater to their active lifestyles.
RV communities appeal to people who prefer short-term stays. It may be for a season, three months, several weeks or just days.
Management is more like a hospitality industry, much like hotels whose residents are transient.
Some guests return annually, some don’t.
Amenities need to entertain while guests visit: swimming pool, basketball, tennis, shuffleboard, cook outs.
Collections are easy as most are done in advance.
Check-in can be after-hours or weekends so staffing properly is important.
RVers usually feel like part of a community, so hosting fun events is a great way to get guests to feel connected to your resort and want to come back!
What makes a good team member? At Newby Management, our team is carefully selected based on three primary principles for hiring. When you follow these principles, you’ll find that your team is more engaged, more teachable and more willing to grow with the company.
In hiring, there’s a common phrase “we hire people for what they know, and fire them for who they are.” When we value skills over spirits, we’re making a huge mistake. That’s why the Three C’s + 1 of Hiring are so important- Character, Chemistry, Competency and a Spirit of Charging. Too often, team members are primarily chosen based on competency, but that doesn’t create the best team possible. We’re going to show you how Newby Management hires the right team member for the right position.
CHARACTER: At Newby Management, there’s a culture based around Christ-like service. Our team is helpful, caring, thoughtful and giving. It’s a team that comes together in times of happiness and crisis to stand before the Lord in prayer, to lift each other up and to help out those in need. You’ll find people stepping up to take action without being asked to help other team members. They embody the culture of Newby Management, which helps all team members work well together from the start.
CHEMISTRY: As discussed above, it’s important that a team member fit with the culture of your company. At Newby Management, we do a series of interviews and personality tests to ensure that each new team member has the right chemistry to gel with our current team. This involves looking at their character and spirit and learning about who they are as a person, which is a vital step in the hiring process.
COMPETENCY: This is often the most valued trait when hiring a new team member. At Newby Management, competency is important, but when we find a team member who’s chemistry and character fits, we try to look for a position that will suite them. Sometimes it’s a different position than the one they applied for, sometimes it’s a position that doesn’t exist yet. When people have the skill sets they need to succeed, we look for the +1 of the Three C’s: a Spirit of Charging.
SPIRIT OF CHARGING: Does a team member take initiative to get the job done? These team members take charge and will go above and beyond the call of duty, pioneering new phases and new ventures that help move the company forward. They are always looking for new opportunities and creating them.
At Newby Management, our HR department takes the Three C’s +1 into account and then starts the process of determining the specific gifts and talents of the candidate. Our current team has a depth of service that you won’t find anywhere else in the industry.
Are you interested in learning more about how to hire the right team members for the right positions in your manufactured home or RV community? Check out our website, learn more about our team and contact us to see how we can help!
Have you heard of Ocala’s best kept secret? Tucked away just minutes from the Ocala National Forest sits Rolling Greens, an idyllic 55+ golf community.
Winding tree-lined roads give way to resort-style amenities, including a state-of-the-art clubhouse, an executive golf course, on-site social director, a fitness center and athletic fields.
Active adults looking for affordable custom-built housing will now have access to exclusive incentives for brand new manufactured homes.
Rolling Greens is excited to announce the following incentives:
1st Year- Buyers Receive $350 off Land Lease Fee
2nd Year- Buyers Receive $300 off Land Lease Fee
3rd Year- Buyers Receive $250 off Land Lease Fee
4th Year- Buyers Receive $200 off Land Lease Fee
5th Year- Buyers Receive $150 off Land Lease Fee
6th Year- Buyers Receive $100 off Land Lease Fee
7th Year- Buyers Receive $50 off Land Lease Fee
These incentives will save buyers thousands of dollars on the land lease fee, which is a fee buyers pay in land lease manufactured home communities. In these types of communities, buyers own their homes, but not the land on which they sit. The lot rent at Rolling Greens is kept at a competitively low price, and covers base rent, water/sewer, lawn maintenance, curbside trash collection, access to amenities and monthly events.
The on-site social director keeps the calendar stocked with events like yoga, swing dancing, cards, corn hole, golf tournaments, holiday parties, potlucks and more! Join our community and find out what’s going on today at Rolling Greens on Facebook.
Combined with the affordability of our new manufactured homes, these incentives make living in Rolling Greens a steal. Starting at $115,000, our homes are not only modern, they are also energy efficient. Like comparable site-built homes, they include stylish upgrades like granite counters, stainless steel appliances and ceramic tile.
Rolling Greens’ homes are EnergyStar certified, which means they meet or exceed energy efficiency standards in the following areas:
Extensive caulking and tight construction to eliminate unwanted drafts
High-Performance Windows and Doors
Use of UL and Energy Star approved materials including low-escape air ducts
For buyers looking to enjoy the Florida lifestyle, Rolling Greens is a great and affordable place to call home. With a yearly average temperature of 82, residents can enjoy breezy evenings outside with neighbors or a nice round of golf.
Find out more about the incentives available, and Rolling Greens, by calling our dedicated team today. We’ll help you choose the home that’s perfect for your needs. Don’t miss out on this amazing offer.
Getting a loan for a manufactured home can be difficult, but new 30-year financing plans could make it easier. Fannie Mae is launching a financing program in New Hampshire that could be a starting point for government-sponsored enterprises (GSE) to offer similar loan terms nationwide.
The GSE is working with the New Hampshire Housing Finance Authority on the program to provide loans to manufactured homes located in resident-owned communities, or ROC’s.
The program takes advantage of a New Hampshire law that requires all manufactured homes, whether located on owned land, in an ROC, or an investor-owned park, to be titled as real property instead of chattel.
Chattel loans classify manufactured homes as personal property, rather than real estate. With the 30-year real estate loans, home owners could get up to a 95% loan-to-value ration with private mortgage insurance.
For homeowners in ROC communities, these loans are great news for curb appeal. Most often, people are more likely to become invested in their homes if they are staying long-term.
In an ROC, residents are responsible for the maintenance and upkeep of the community. Since homes eligible for financing are located in ROCs, Fannie Mae has more comfort from a risk-management perspective, since the borrower is less likely to walk away is there’s a problem.
Although this is a great step forward for manufactured housing financing, ROCs make up just 5% of the communities nationwide. Right now, the Manufactured Housing Insistute is focused on making financing available to anyone seeking to purchase a manufactured home, no matter how they are titled or where the sit.
Learn more about the program, and how the MHI plans to bring loans to all potential manufactured home buyers in the future at National Mortgage News.
When you begin your search for a manufactured home you might start coming across confusing terms. There are several different types of communities, each with their own sets of pros and cons. We are going to discuss the three most common types of manufactured home communities in Florida.
Land-Lease Community: When moving into a land lease community, it’s important to realize that you don’t own your land. After you purchase a home, you will pay a monthly land lease payment for the use of the land/lot on which the home is placed and the use of all the facilities and amenities in the community. In Florida, this is the most common type of 55+ housing with about 2,400 of these communities. The primary benefit to this type of ownership is you won’t have to invest additional money in purchasing the land. The average land price starts around $35,000 and goes as high as $75,000. Average monthly land lease payments range from $400 to $900. Typically most land lease communities are run by the land owners or by a professional management company.
Land-Owned Subdivision Community: When you purchase the land/lot in this type of community you will be purchasing the land with a specific legal description. The land price can range from $35,000 to $75,000. Monthly maintenance fees range from $100 to $300. Monthly dues are for the use of the facilities, amenities and common area. This option means you will not have to pay a larger monthly lot rent, but your initial costs will be much higher, as you will have to purchase the home and the land. Land-owned communities are a good option for people who have more money to invest. All lots in a Land Owned Subdivision will be owned by individual owners who form a Homeowners Association. The members of the Association elect a board of directors to manage common elements.
Resident-Owned or Co-op Community: In a resident-owned/Co-op community, the community is owned by a group of residents, normally 40 to 70% of the total home sites in the community. The residents that formed the Co-op become shareholders and pay a maintenance fee similar to, but generally less than the land-lease price mentioned above. Those Co-op shareholders form a corporation to own and operate the community. Each Co-op shareholder has one membership interest in the corporation. The corporation is managed democratically, with one share equaling one vote. Day-to-day operations in the community are overseen by a member-elected Board of Directors who frequently hires professional management. The non-shareholder lots remain as land lease and pay a monthly land lease payment as outlined in the first option above. There are approximately 700 of these communities in Florida.
If you like this material and want to learn more about manufactured home communities in Florida, we encourage you to visit our website to check out our free 55+ Moving Guide E-book.