How do larger park operators structure vendor and service agreements inside their communities
A live question worth working through. Vendor arrangements inside mobile home communities look structurally different from apartment portfolios, and the terms vary far more than they should. Some park operators want exclusivity for anyone working on site, and some want a cut of the revenue billed inside the community. Others ask only for proof of insurance and otherwise leave the contractor alone. One mid size platform running roughly 600 pads across six communities in the Southeast reportedly quotes a site fee for any contractor doing regular work in its parks, though the number attached to it is vague enough that it is unclear whether a site fee is common practice or specific to that group. For a trade contractor doing HVAC and light maintenance rather than home sales, the question is what those arrangements look like on paper with an operator at 500 pads or more. A percentage of billings is a different business from a flat access fee, and a minimum response time strict enough to make serving other clients difficult can be worse for margin than either one. Whether a platform relationship is a real revenue channel comes down to which of those the operator asks for, and how much volume they can actually route.