Mobile Home Parks
A Better Exit Fund I, LP Capital Raise Opportunity
Better Exit Invests in Affordable Housing
This fund is designed to acquire and manage small to medium sized mobile home parks, totaling around 250-275 pad sites.
Our goal is to achieve above industry average returns by utilizing proven, innovative management, backfill methods and acquisition strategies.
Since its inception in 2017, Better Exit has earned a reputation as an affordable housing leader in and around Texas. We pride ourselves in acquiring and adding value to manufactured housing communities.
Working alongside a strong team of industry professionals, we have a proven track record in unlocking value in sites and translating client and investor visions into reality. To learn more about our company profile, get in touch today.
Jarrod brings a wealth of residential real estate experience to Better Exit. Jarrod has acquired and managed an impressive portfolio of hundreds of single family homes and manufactured communities. Jarrod enjoys wearing cowboy boots and shooting things.
Chris is a serial entrepreneur with a passion for marketing and real estate. Chris has started and sold several successful companies and received his MBA from TCU. Chris enjoys ultrarunning and eating good tacos, sometimes at the same time.
Santee brings 14 years of commercial real estate experience to Better Exit, with specific expertise in U.S. and Canada coverage of tenant representation and development services. In his free time, Santee enjoys hunting and Crossfit.
The Increasing Demand for Affordable Housing
There is an ever-increasing demand for affordable housing nationwide. Mobile home parks have serviced this need since the 1920s. It's impossible to build homes or apartments, from an investor perspective, to compete with the pricing you can deliver from these assets.
As the cost of living increases and more people moved to fixed incomes, the need for affordable housing will skyrocket. A tremendous upside to investors, relative to this asset class, is the ability to scale without having to service the maintenance issues that arise with apartments, single-family homes, and duplexes.
Nationwide, there are approximately 60,000 combined mobile home and RV parks. However, as this market is incredibly fragmented and ownership has typically been difficult to locate, this number is not concrete.
A large portion of this market can be purchased, put under Professional management, improved and then brought to maximum occupancy and market rents.
Our strategy is to primarily buy in the small park segment.
More motivated sellers
More parks to be selective of
We are going to band together 5,000+ pad sites within this market segment to take the market
Due to Better Exit's principals' experience and developed infrastructure, we are able to manage effectively in this market segment where most investors can not
Backfilling is the process of buying new housing units and moving
them into our parks.
Seller-financing backfilled units absolves us from needing to maintain homes, thus resulting in drastically lower management costs and helping us enable scale
Backfilling enables us to only maintain and upkeep the underlying infrastructure of the park (water, electrical, sewer), which is minimal, while also quickly bringing us many long-term tenants with a sense of pride of ownership.
Critical to our entire growth and long-term occupancy strategy.
Helps us create long-term, low maintenance occupancy.
Eliminates the necessity of a new tenant to already own a mobile home.
Competing parks either don’t backfill, or backfill and then rent out the units, which necessitates maintenance.
FRICTIONLESS TENANT EXPERIENCE
Current Tenant Experience
The industry has been owned and managed primarily by 65+ year old “mom and pop” operators, with issues such as:
No web presence
Most only take cash payments, no online options
No units to seller finance
Better Exit Tenant Experience
We are bringing 21st century technology into the industry:
Full online marketing presence
Onsite payment and leasing kiosks
Automated bookkeeping abilities
Bringing in units to seller finance (backfilling)
We are of the belief that at some point we will be in the midst of another economic recession. Mobile home parks are the most affordable housing class, and experience the greatest returns and occupancy rates during recessionary periods.
For this reason we are aggressively expanding our portfolio of properties throughout 2019 and 2020. We are always seeking private capital partners with similar mindsets.
Consistent Returns - Our investors enjoy consistent double-digit monthly returns & equity participation in each deal.
Long-term Quality - Our innovative and cost-efficient management systems allow us to quickly scale, without sacrificing quality.
Hands-off Approach - Affordable housing management can often be a messy job. We insulate investors from the headaches of property management while providing all the transparency necessary for peace of mind.
Fair and Honest - If our terms aren't overly generous and transparent, our investors won't want to participate in future deals. We want to partner with you for the long haul.
Thank you for your interest in Better Exit.
We look forward to connecting with you.
801 E Campbell Rd.
Richardson TX 75081