Career Advice - Entering the MHP industry
Hi,
Currently working in property management contemplating a move to an acquisitions position with a small firm to work on their second fund (I'd be the second employee, the firm is a few years old and has a handful of assets from the first fund) focusing solely on mobile home parks.
The PM position is decent, learned a TON in the ~2 years since starting straight out of college. They like me, pay is fair, lots of talk about my future with the firm, however the potential to move into an analyst role (or something other than PM) anytime soon looks slim and I never intended to be in property management for the long run.
Assuming that the pay for the new position isn't worse, my concern is how the MHP sector will look on my resume in 3-5 years when the fund winds down and in all likelihood I look for another acquisition or AM role outside of MHP's. Any advice would be greatly appreciated.
Moving from property management to acquisitions is definitely a smart career move. However, choosing such a niche asset class could certainly limit your future options. Why not make a career in MHP?
The MHP industry will slowly get smaller, no new parks are built to my knowledge and some parks get redeveloped.
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