Outcome
The document presents complete pad inventory and park economics using consistent pad-based terminology.
Navigation path
Create New > Mobile Home Parks > Document wizard
Access
Document creation access
On this page
Before you start
Data, sources, and access to prepare
- Pad count and occupancy
- Current lot or pad rent
- Park operating statement when Full Financials is used
Use pad-based analysis
Mobile Home Park analysis
Pad inventory feeds occupancy, Gross Pad Income, and Price/Pad.
Pad Inventory
Pad type, count, size, rent
Pad Occupancy
Occupied pads divided by total pads
Gross Pad Income
Annualized lot rent
Park Metrics
Price/Pad
- Pad InventoryPad Occupancy
- Pad InventoryGross Pad Income
- Pad OccupancyPark Metrics
- Gross Pad IncomePark Metrics
| Area | Mobile Home Park behavior |
|---|---|
| Rent Roll label | Pad Inventory |
| Unit labels | Pads and Total Pads |
| Occupancy | By pad count |
| Primary metric | Price/Pad |
| Income label | Gross Pad Income |
| Rent bases | Monthly or Annual |
| Lease dates and reimbursements | Hidden |
Enter pad and park economics
| Field | Requirement | What it means | Format | Units | Save behavior | Downstream effect |
|---|---|---|---|---|---|---|
| Pad Type | Required | Category or identifying label for pads. | Plain-text pad category or identifier | Not applicable | Saved when the pad or grouped-row drawer Save action succeeds. | Labels the row in Pad Inventory and the Mobile Home Park presentation. |
| Number of Pads | Required | Count represented by a grouped row. | Positive whole number | Pads | Saved when the grouped-row drawer Save action succeeds. | Multiplies per-pad rent and contributes to Total Pads, occupancy, Gross Pad Income, and Price/Pad. |
| Average SF | Optional | Average area where meaningful to the source. | Nonnegative number | Square feet per pad | Saved when the pad or grouped-row drawer Save action succeeds. | Adds pad-size context to inventory output where the source provides it. |
| Monthly or Annual Rent | Recommended | Per-pad current rent. | Currency amount plus Monthly or Annual basis | Currency per pad per month or per year | Saved when the pad or grouped-row drawer Save action succeeds. | Annualizes per-pad rent, multiplies grouped rows by count, and feeds Gross Pad Income. |
| Lot Improvements | Optional | Park-specific Cap Ex reserve label. | Nonnegative currency rate | Currency per pad per year | Begins the Assumptions 800 ms autosave after entry; reopen assumptions to verify persistence. | Creates the park-labeled lot-improvements reserve deduction using the occupied and vacant inventory quantity for the displayed reserve basis. |
| Cap Improvements | Optional | Park-specific TI reserve label. | Nonnegative currency rate | Currency per pad per year | Begins the Assumptions 800 ms autosave after entry; reopen assumptions to verify persistence. | Creates the park-labeled capital-improvements reserve deduction using the occupied and vacant inventory quantity for the displayed reserve basis. |
| Marketing/Leasing | Optional | Park-specific leasing reserve label. | Nonnegative currency rate | Currency per pad per year | Begins the Assumptions 800 ms autosave after entry; reopen assumptions to verify persistence. | Creates the park-labeled marketing or leasing reserve deduction using the occupied and vacant inventory quantity for the displayed reserve basis. |
Required means the field is needed to complete or support this workflow. Some screens allow a draft to save before every required item is complete. The steps and troubleshooting call out controls the product actively blocks.
Suggested other income
- Laundry
- Storage
- RV income
- Utility income
- Late fees
Complete the Mobile Home Park workflow
Mobile Home Park steps
- 1
Select Mobile Home Parks
Create New, Select Property Type
Choose Mobile Home Parks.
Expected result: Pad Inventory and Price/Pad labels activate.
If this does not happen: Change the property type in Property Details if needed.
- 2
Verify total pads and price
Property Details
Enter accurate total pads and selling price.
Expected result: Price/Pad uses the correct denominator.
If this does not happen: Correct total pads before entering grouped inventory.
- 3
Build Pad Inventory
Rent Roll, Pad Inventory
Enter occupied and vacant pads or categories with counts and monthly or annual per-pad rent.
Expected result: Pad count and Gross Pad Income reconcile.
If this does not happen: Check count and per-pad basis if totals are wrong.
- 4
Enter other income and expenses
Income & Expenses
Add verified laundry, storage, RV, utility, late-fee, and expense rows.
Expected result: Park EGI and NOI reconcile.
If this does not happen: Keep tenant-style reimbursements out because this configuration hides them.
- 5
Review output
Review & Customize
Verify Total Pads, occupancy, Price/Pad, Gross Pad Income, inventory, reserves, and pages.
Expected result: The final document uses park terminology throughout.
If this does not happen: Return to the first source input with a mismatch.
Resolve Mobile Home Park issues
Gross Pad Income is overstated
Likely cause: Grouped rent may already include all pads but is multiplied by the count.
- Enter per-pad rent.
- Confirm the count.
- Recheck annual income.
Occupancy differs from site area
Likely cause: Park occupancy is based on occupied pads, not square footage.
- Reconcile occupied and total pads.
- Treat area as separate context.
Reserve dollars do not match per-pad math
Likely cause: A pad count or annual per-pad rate may differ from the approved source.
- Check reserve dollars independently.
- Do not publish an unapproved discrepancy.
- Total pads verified
- Pad inventory reconciled
- Per-pad rent correct
- Gross Pad Income checked
- Price/Pad checked
- Reserve dollars reviewed
Related guides
Build unit, storage, and pad rent rolls
Use property-specific unit inventory for Multifamily, Self-Storage, and Mobile Home Park documents.
Open guideEnter income and operating expenses
Build the non-rental income and operating expense statement used to calculate effective gross income and NOI.
Open guideVerify financial pages before publishing
Confirm scope-based page inclusion, property-specific exceptions, calculations, footnotes, and final document presentation.
Open guide