Great Video!! Thank you very much. Going to sell our house soon and move to one of these parks probably in Central Florida. I have learned a lot watching your videos and a few other you tubers. Keep up the great work!
I am thankful for the information sir. I do not know about this type of housing, and appreciate the terminology you shared. One thing I do know is that I would not want to be in a HOA situation that would increase their fees, by a lot, suddenly. Also, for me, having someone bothering me as a "taskmaster" would make me regret the purchase, selling out to get out of it, and losing money. So thanks, again.
Choosing a community that will fulfill your dreams and meet your needs is a challenge. You can check out more of my videos on the channel: th-cam.com/users/FloridaManufacturedHomeLiving
Great informative video! You really put a lot of thought and effort into your work. You mentioned that some of the homes that you saw in a land lease community looked to be at the end of their life, and would need to be replaced with new homes. Do you really see much of that going on? It seems to me that the sector buying homes, and living in the vast number of Florida land lease communities, are retired folk with modest incomes. I doubt that many of them could afford to replace their old manufactured homes with a new one, and pay the ever increasing lot rent. Our park has about 400 homes, all put in around 1980, give or take. Some of the homes are definitely beginning to crumble. I know of only 7 new homes that have replaced older ones in this park. The asking price for one of these is $175.000. If you add on the $950 monthly rent, I believe that most of us modest income retires would be priced out.
I think it depends upon many factors but I doubt affordability is the key issue. In a park of mostly newer homes or one where new homes are still filling empty lots, the owner may buy older homes that are in bad shape and replace with new to improve the look of the park. This is one of the reasons behind a recent spat of prospectus amendments giving the park owner right of first refusal. In parks with mostly older homes of similar vintage this is less feasible. I agree, modest income retirees are, in many cases, priced out. But newer retirees selling homes up north with high property taxes and large chunks of equity have no problem affording (and often paying cash for) new homes.
Yes, I spent most of last year building the MH New Buyers course to help folks navigate the process of choosing a home and community. This year I will be able to focus more time on the TH-cam channel.
Insurance is readily available for manufactured homes in Florida and somewhat less for mobile homes. There are too many factors to allow a generalization of price. I list agencies and originators on the website. I suggest you give them a call. www.floridamfghome.com/Buyer-Resources
Question: With the insurance companies leaving the state of Florida, what are the minimum requirements for a modular home in order to get a reasonable cost for home insurance?
I don't know much about modular homes. Some companies have left but others have expanded. I did a whole section in our MH New Buyers class on insurance for manufactured homes. Like anything else, one person's reasonable cost is another's too expensive and yet another's cheap.
I do not offer personal consultation; preferring to spend the time I have available on producing educational materials. With over 25,000 subscribers I would be quickly overwhelmed if I tried. if you need guidance in comparing communities I suggest you look at my book: Retirement in Florida Manufactured Homes & The Land-Lease Option amzn.to/3TgFe0V To download community lists, Join my Inner Circle (free) The website offers this and many more resources for finding, purchasing, and maintaining the right home for you: www.floridamfghome.com/Buyer-Resources You can also sign up for my next workshop where we cover the choices available and offer opportunities to interact directly.
I'm looking into them, but it's not an investment. It's a place to retire and live out the rest of my useful days in an active community. At least until I'm in some senior living facility calling some Jamaican woman mama lol.
Yes, it has gotten more expensive. I research done for our NH New Buyers class I found the Polk County area to be one of the cheapest in the southern part of the state,
Every county in Florida has sink holes. Some have more than others. You can find out more about sinkholes in FL here: floridadep.gov/fgs/sinkholes/content/sinkhole-faq
I do not offer personal consultation; preferring to spend the time I have available on producing educational materials. With over 23,000 subscribers I would be quickly overwhelmed if I tried. If you have a specific question, related to a video, just put it in the chat so all can benefit from the answer. If you are looking for general guidance on choosing a community may I suggest my book: Retirement in Florida - Manufactured Homes & The Land-Lease Option amzn.to/3c3UMPJ To download community lists, Join my Inner Circle (free) The website offers this and many more resources for finding, purchasing, and maintaining the right home for you: www.floridamfghome.com/Buyer-Resources
Only if they made them out of steel reinforced concrete and they do not. However, look at the dates of installation. Most of these homes have been in place for 20 - 40 years or more. They have already been through as many hurricanes as you are likely to see.
I don't recall ever seeing HOA fees in a land-lease park over $30/year. Lot rents are higher than they were five - ten years ago but I bet groceries increased more. I can't even afford chicken wings anymore!
Yay! You're back!
Good to see you back
Thanks!
I love ur Vids. Thank You so much for your work. I'm a country Tallahassee girl. I have always love MH's.
Glad you like them! Be sure to subscribe so they will be shown to you when released.
@@RussellWatsonFMHL i'm a subbie! :)
My kind of girl
Too bad cypress gardens
Is gone. We enjoyed going there as well.
Great presentation!!!
Thank you so much!
Great Video!! Thank you very much. Going to sell our house soon and move to one of these parks probably in Central Florida. I have learned a lot watching your videos and a few other you tubers. Keep up the great work!
Thanks - be sure to check out the resources on our website and sign up for The Inner Circle. (free) www.floridamfghome.com/
Great video!
Glad you enjoyed it
The prices have really climbed in recent years. I started looking about 6 years ago when it was reasonable. It's no longer in my price path.
ROC's are cheaper if you have the cash to buy the home.
Excellent video with thoughtful helpful content.
Glad it was helpful!
Thanks Russ!
You are welcome. Don't forget to subscribe!
I am thankful for the information sir. I do not know about this type of housing, and appreciate the terminology you shared. One thing I do know is that I would not want to be in a HOA situation that would increase their fees, by a lot, suddenly. Also, for me, having someone bothering me as a "taskmaster" would make me regret the purchase, selling out to get out of it, and losing money. So thanks, again.
Choosing a community that will fulfill your dreams and meet your needs is a challenge. You can check out more of my videos on the channel: th-cam.com/users/FloridaManufacturedHomeLiving
Just came across your videos. Great info for us folks looking into a Florida lifestyle. Ty. Til next video. Take care
Awesome! Thank you!
Good video
Glad you enjoyed it!
Great informative video! You really put a lot of thought and effort into your work. You mentioned that some of the homes that you saw in a land lease community looked to be at the end of their life, and would need to be replaced with new homes. Do you really see much of that going on? It seems to me that the sector buying homes, and living in the vast number of Florida land lease communities, are retired folk with modest incomes. I doubt that many of them could afford to replace their old manufactured homes with a new one, and pay the ever increasing lot rent. Our park has about 400 homes, all put in around 1980, give or take. Some of the homes are definitely beginning to crumble. I know of only 7 new homes that have replaced older ones in this park. The asking price for one of these is $175.000. If you add on the $950 monthly rent, I believe that most of us modest income retires would be priced out.
I think it depends upon many factors but I doubt affordability is the key issue. In a park of mostly newer homes or one where new homes are still filling empty lots, the owner may buy older homes that are in bad shape and replace with new to improve the look of the park. This is one of the reasons behind a recent spat of prospectus amendments giving the park owner right of first refusal. In parks with mostly older homes of similar vintage this is less feasible. I agree, modest income retirees are, in many cases, priced out. But newer retirees selling homes up north with high property taxes and large chunks of equity have no problem affording (and often paying cash for) new homes.
Have not seen you in a while sir!
Yes, I spent most of last year building the MH New Buyers course to help folks navigate the process of choosing a home and community. This year I will be able to focus more time on the TH-cam channel.
Tell us about insurance costs in fla
Insurance is readily available for manufactured homes in Florida and somewhat less for mobile homes. There are too many factors to allow a generalization of price. I list agencies and originators on the website. I suggest you give them a call. www.floridamfghome.com/Buyer-Resources
Hacienda del Rio in Edgewater FL can you do a video on that
Perhaps someday but currently I’m working on other areas.
Question: With the insurance companies leaving the state of Florida, what are the minimum requirements for a modular home in order to get a reasonable cost for home insurance?
I don't know much about modular homes. Some companies have left but others have expanded. I did a whole section in our MH New Buyers class on insurance for manufactured homes. Like anything else, one person's reasonable cost is another's too expensive and yet another's cheap.
I'm looking to buy a mobile home, how about homeowners insurance? How do I contact you?
I do not offer personal consultation; preferring to spend the time I have available on producing educational materials. With over 25,000 subscribers I would be quickly overwhelmed if I tried.
if you need guidance in comparing communities I suggest you look at my book:
Retirement in Florida Manufactured Homes & The Land-Lease Option
amzn.to/3TgFe0V
To download community lists, Join my Inner Circle (free)
The website offers this and many more resources for finding, purchasing, and maintaining the right home for you:
www.floridamfghome.com/Buyer-Resources
You can also sign up for my next workshop where we cover the choices available and offer opportunities to interact directly.
Mobile homes are like cars they depreciate and the prices are ridiculous
Not according to The New York Times: www.nytimes.com/2023/12/28/realestate/mobile-home-prices.html
Buy one on Long Island. They do not depreciate.
LOL California too - even though lot rents are $2-$3K/Month!
And BTW, the prices on homes similar to mine have about doubled since I bought it in 2018.
I'm looking into them, but it's not an investment. It's a place to retire and live out the rest of my useful days in an active community. At least until I'm in some senior living facility calling some Jamaican woman mama lol.
I'd want to own the land. I would appreciate something that would keep the neighbor from having a really junked-up yard.
We have a few videos on that. th-cam.com/video/10eCCZjxyJ0/w-d-xo.html
Insurance is a VERY BIG deal!
Yes, it has gotten more expensive. I research done for our NH New Buyers class I found the Polk County area to be one of the cheapest in the southern part of the state,
Isn't Polk county sinkhole country?
Every county in Florida has sink holes. Some have more than others. You can find out more about sinkholes in FL here: floridadep.gov/fgs/sinkholes/content/sinkhole-faq
How can we get in touch with you please? Ty for this video❤
I do not offer personal consultation; preferring to spend the time I have available on producing educational materials. With over 23,000 subscribers I would be quickly overwhelmed if I tried. If you have a specific question, related to a video, just put it in the chat so all can benefit from the answer. If you are looking for general guidance on choosing a community may I suggest my book: Retirement in Florida - Manufactured Homes & The Land-Lease Option
amzn.to/3c3UMPJ
To download community lists, Join my Inner Circle (free)
The website offers this and many more resources for finding, purchasing, and maintaining the right home for you:
www.floridamfghome.com/Buyer-Resources
Is it HURRICANE PROOF?
Only if they made them out of steel reinforced concrete and they do not. However, look at the dates of installation. Most of these homes have been in place for 20 - 40 years or more. They have already been through as many hurricanes as you are likely to see.
No hoa😊
There certainly is that option! 😀
Thanks for this information. :)
No problem!
Alligators in thise lakes
That's certainly possible - this is Florida.
The way lot rent is going up and up then add on HOA fees at some parks it just makes it almost impossible for an average person to afford.
I don't recall ever seeing HOA fees in a land-lease park over $30/year. Lot rents are higher than they were five - ten years ago but I bet groceries increased more. I can't even afford chicken wings anymore!
The land rent fee in Lakeland in one of the complex is now $1306 a month. Does not cover lawn or water.
Thanks Rus!
You bet!