Dave Reynolds is a household name in the mobile home park business for many reasons. First is the fact that he, along with his partner Frank Rolfe, are the 18th largest owner of mobile home parks in the U.S. with over 8,000 lots spread out over 17 states. But he is equally well known for his ownership of MobileHomeParkStore.com – which was the first mobile home park listing service in the U.S. – and features between 750 and 1,000 mobile home parks for sale. In addition, he owns the MHBay.com website which lists manufactured homes for sale and receives over 70,000 page views per day. On top of that, Dave is a well-respected author and expert on the industry, whose mobile home park investing course and boot camp is the #1 ranked in the U.S.
Dave has been in the mobile home park industry for almost two decades. "Back when I got in the mobile home park business, nobody really cared much about it, so it was easy to get a head start. At that time, the industry was all about moms & pops and was very unprofessional. I started MobileHomeParkStore.com because there was no place to list your mobile home park for sale on-line, back at that time. I was just in the right place at the right time when the internet matured and the mobile home park industry became more desirable." Indeed, MobileHomeParkStore.com now has over 20,000 page views per day – more than any other mobile home park website.
Dave’s first mobile home park was in Limon, Colorado. It was a small park with about 50 lots purchased using credit card cash advances – nothing that would suggest he would one day own over 8,000 lots. "I had seen the economic benefits to mobile home parks while a CPA doing tax returns. I may have started out small, but I just kept at it, buying – and sometimes selling – mobile home parks that met my criteria. People ask me all the time if there is still any opportunity left in the business, and I remind them that we’ve bought over 7,000 lots in the last three years alone – that’s what I would call opportunity."
While Dave was busy buying mobile home parks and building the website, he would write books about the industry, as a way to reflect on his lessons learned and to give the industry more professionalism. Those writings, coupled with those of his partner, Frank Rolfe, have been the backbone of the landmark course and boot camp on the industry that has become the favorite of investors, appraisers, bankers – everyone who needs to learn about the mobile home park business. "Before Frank and I started writing about this niche of commercial real estate, there really wasn’t anything factual out there. Apparently, those who knew about the industry didn’t like to write about it, and those who did write about it knew absolutely nothing. The reason that our course and boot camp has become so successful is that it’s the only one that is based on the real-life experience of park ownership, spread out over about 150 mobile home parks that we’ve owned, operated, or performed due diligence on."
Dave lives in Colorado with his wife and three sons. He holds a B.S. in Accounting from Mesa State University in Colorado.
Learn more at mobilehomeuniversity.com.
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