THE EVOLUTION OF COMMUNITY APPRAISAL PART I
V
Veteran manufactured housing professional George Allen
in a two-part series exclusive to the MHInsider provides a
by George Allen, CPM Emeritus, MHM-Master
review of manufactured housing community and land-lease property valuation approaches. This is the first in the series. The valuation of land-lease communities has long been a niche specialty among investment real estate appraisers. Frankly, few professional real estate appraisers have ever really identified and comprehended the characteristics and peculiarities of this unique real estate asset class! Here are a few examples… The possibilities of one, even two streams of rental income — one from leased land, the other from homes, and
76 | JANUARY / FEBRUARY 2022 EDITION
