Mobile Home Parks Are Booming — And It Could Be Our Killer App
In a recent X space live session, Grant Cardone stated that he plans to invest $2.6 billion into mobile home parks. Mobile home parks are growing in popularity for a multitude of reasons — and investing in this space has a lot of potential. Today, there are around 43,000 mobile home parks in the U.S., home to 22 million residents. That’s a little more than 6 percent of the nation’s entire housing stock.
But there’s one problem — many of these mobile home parks are facing sanitation issues that could get them shut down. Most of these have septic tanks or lagoons… Yes, those green ponds by the side of the road are exactly what you’re thinking. These can leak into the groundwater and create bacterial and viral contamination… Not good!
Mobile Home Parks Can’t Keep Up
What’s being done about this? State environmental agencies are requiring MHPs to upgrade or face fines and closure. Except many MHPs do not have the capital to upgrade. It’s a big crisis! Even those with the capital would rather just let the tenants pay monthly.
But… there is a solution! The technology exists to do this — and we’ve proven it works by installing it in multiple trailer parks.
Neville Mobile Home Park Case Study
After Neville Mobile Home Park’s own treatment system exceeded its life cycle capability and efforts to upgrade the system failed, the Pennsylvania Department of Environmental Protection issued Notices of Violation to Neville MHP. A local court order was issued requiring Neville MHP to remedy the problem — or face closure and significant regulatory fines.
“The owner was basically given a court order to get the wastewater system fixed or they were going to shut down the park,” said James Connor, Owner of E&W Equipment Co, who referred Neville MHP to our Modular Water Systems™ division. “She had already spent the money that was slated for this project. A mobile home park with approximately 40 connections can’t come up with hundreds of thousands of dollars at the tip of a hat. With Modular Water, the price was excellent. She didn’t have a lot of money upfront to pay consulting and engineering firms to design something from scratch. So, the fact that this was pretty much a pre-engineered solution for her was fantastic. We were able to do it very economically.”
James Connor
This solved Neville MHP’s trouble, allowing them to reach clean water levels even better than what was required, thus avoiding serious penalties and closure.
This isn’t the first mobile home park our technology has saved — and it won’t be the last!
We believe that mobile home sanitation could be our “Killer App.”
Now, let me tell you what happened at one of these mobile home parks. We had a great system, we proposed it, they said fine — we gotta have it. The owner had to give away half her equity in her trailer park to pay for it — or she was going to lose her property!
This is where Water On Demand™ comes in, which enables water as a service. This is our investor-funded initiative that aims to allow businesses and communities access to instant, drop-in-place water treatment solutions just like the system commissioned by Neville. Except instead of paying the kind of large, up-front capital expenses these parks can’t afford, they simply pay as they go.
The Puzzle Pieces Are Coming Together.
And this isn’t just a pipe dream. We’re lining up the pieces to make this happen! Water On Demand recently announced a partnership in West Central Texas with Enviromaintenance, a service provider intending to open hundreds of MHPs in the area. Our Modular Water Systems 5,000 gallon per day unit is pre-approved by Texas Commission on Environmental Quality (TCEQ). This is an ideal size for MHPs, in single, double or triple pods. We even have a first Mobile Home Park stating “ready” for the pilot project. This is intended to be “water as a service” — no capital required. We also recently announced network management intended via Klir, the “water utilities operating system.” And OriginClear has committed to helping Water On Demand fund this.
“Modular Water Systems and its affiliated Water On Demand business model can offer a unique financing model that makes these systems affordable for MHP owners, while enabling them to significantly reduce their dependence on expensive municipal water grids,” said Enviromaintenance owner Bryan Klepzig. “This combination of project financing and equipment delivery could turbocharge the rollout of these systems, as it greatly simplifies the delivery of much-needed on-site wastewater solutions. We are honored to help pilot this new way of solving a problem within the current system of wastewater treatment.”
The Future Is Massive!
There is a huge install base of tens of thousands of trailer parks in need right now. And Cardone is pretty famous for knowing what the next trend in real estate is…. The fact that he selected this is not an accident. The fact that we could essentially access the hidden equity in this, in these properties, through our application is a beautiful combination.
Sometimes when you start out, you don’t know where you’re headed. You kiss a lot of frogs trying to find a prince. But if you keep your eyes open to the possibilities and you’re willing to pivot — that, I think, is the key to success.
Yours In Water,
Riggs Eckelberry
President & CEO
OriginClear, Inc.
PS: Questions? We’re happy to help! Just schedule a call here now: www.oc.gold/help. Or email us here.
