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CREbuilder

Task guide

Build a Mobile Home Park document

Build a mobile home park OM from your pad inventory, with lot rent, pad occupancy, Gross Pad Income, park income, and Price/Pad.

20 to 50 minutesFor brokers selling manufactured housing and mobile home parksIntermediateLast verified October 5, 2026

Outcome

Your document shows every pad, Gross Pad Income, park NOI, and Price/Pad in park 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

Use pad-based analysis
AreaMobile Home Park behavior
Rent Roll labelPad Inventory
Unit labelsPads and Total Pads
OccupancyBy pad count
Primary metricPrice/Pad
Income labelGross Pad Income
Rent basesMonthly or Annual
Lease dates and reimbursementsHidden

Enter pad and park economics

Suggested other income

  • Laundry
  • Storage
  • RV parking
  • Utility reimbursements
  • Late fees

Underwriting notes

  • Pad Inventory models lot rent. Enter rent from park-owned homes (POH) as a separate Additional Income row so buyers can see lot rent and home rent apart.
  • Enter water, sewer, or trash bill-backs as Utility reimbursements in Additional Income, and the matching utility costs as operating expenses.

Pad Type Required

Category or identifying label for pads.

Format
Plain-text pad category or identifier
Units
Not applicable
Save behavior
Saved when the pad or grouped-row drawer Save action succeeds.
Downstream effect
Labels the row in Pad Inventory and the Mobile Home Park presentation.

Number of Pads Required

Count represented by a grouped row.

Format
Positive whole number
Units
Pads
Save behavior
Saved when the grouped-row drawer Save action succeeds.
Downstream effect
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.

Format
Nonnegative number
Units
Square feet per pad
Save behavior
Saved when the pad or grouped-row drawer Save action succeeds.
Downstream effect
Adds pad-size context to inventory output where the source provides it.

Monthly or Annual Rent Recommended

Per-pad current rent.

Format
Currency amount plus Monthly or Annual basis
Units
Currency per pad per month or per year
Save behavior
Saved when the pad or grouped-row drawer Save action succeeds.
Downstream effect
Annualizes per-pad rent, multiplies grouped rows by count, and feeds Gross Pad Income.

Lot Improvements Optional

Park label for the capital expenditure reserve.

Format
Nonnegative currency rate
Units
Currency per pad per year
Save behavior
Autosaves shortly after entry; reopen assumptions to confirm the value stayed.
Downstream effect
Deducts rate x total pads (occupied plus vacant) below NOI.

Cap Improvements Optional

Park label for the capital-improvements reserve.

Format
Nonnegative currency rate
Units
Currency per pad per year
Save behavior
Autosaves shortly after entry; reopen assumptions to confirm the value stayed.
Downstream effect
Deducts rate x total pads (occupied plus vacant) below NOI.

Marketing/Leasing Optional

Park label for the marketing and leasing reserve.

Format
Nonnegative currency rate
Units
Currency per pad per year
Save behavior
Autosaves shortly after entry; reopen assumptions to confirm the value stayed.
Downstream effect
Deducts rate x total pads (occupied plus vacant) below NOI.

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.

Complete the Mobile Home Park workflow

Mobile Home Park steps

  1. 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 step does not work

    Change the property type in Property Details if needed.

  2. 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 step does not work

    Correct total pads before entering grouped inventory.

  3. 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 step does not work

    Check count and per-pad basis if totals are wrong.

    Populated mobile home parks editor showing the property-specific fields used in this example.
    Review the populated mobile home parks example and verify the units, property facts, and applicable model before preparing your own document.
  4. 4

    Enter other income and expenses

    Income & Expenses

    Add laundry, storage, RV parking, utility reimbursement, POH rent, late-fee, and expense rows.

    Expected result: Park EGI and NOI match your statement.

    If this step does not work

    Tenant reimbursements are hidden for parks, so enter bill-backs as Additional Income.

  5. 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 step does not work

    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.

  1. Enter per-pad rent.
  2. Confirm the count.
  3. Recheck annual income.
Occupancy differs from site area

Likely cause: Park occupancy is based on occupied pads, not square footage.

  1. Reconcile occupied and total pads.
  2. Treat area as separate context.
Reserve dollars do not match per-pad math

Likely cause: Reserves equal rate x total pads, occupied plus vacant. A missing vacancy row or a different rate changes the total.

  1. Recalculate rate x total pads.
  2. Check the pad counts in Pad Inventory.
  3. Correct the rate or the inventory row.
  • Total pads match the park
  • 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

Enter apartments, storage units, or pads one by one or as a unit mix, and CREBuilder totals rent and occupancy with the right labels for each property type.

Open guide

Enter income and operating expenses

Enter other income and operating expenses from your T-12 or budget, and CREBuilder calculates effective gross income and NOI for every page that shows them.

Open guide

Verify financial pages before publishing

Do a final pass on the financial pages before you send: the right pages, the right labels, and numbers that tie out.

Open guide

Your next OM, done this afternoon

Turn your property facts, photos and financials into a polished, branded offering memorandum. Most brokers finish in 30 to 90 minutes.

Build your first OM freeSee mobile home park OM templatesBrowse sample OMs

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