There are many benefits that are derived when you incorporate mobile home parking investment and this is one thing that home professionals for a long time have been ignoring without knowing its benefits, see more here.
Home investors are not usually thinking of home park investment when they are making investments in real estates and if you have ever wanted to generate income as a landlord mobile home parking investment is the right way to go.
As the mobile home park owner you will have two options, the first is to own the land only and then you rent out spaces to the mobile homeowners and the other one is owning the land and the mobile home owners will rent out to tenants, see more now on this site.
The last option is usually easy to handle since it is almost maintenance free, you will be required to handle trash collecting, landscaping, parking areas and other expenses that are relate to the property, click and read more here.
This option can generate excellent income since there’s less chance of tenant turnover. Studies show it can cost $5,000 or more for someone to move their mobile home to another location. Once a mobile home owner parks on your land, it’s not easy or cheap for them to leave, learn more about the benefits of mobile home parks in this article and make a conclusive decision.
There is a high demand for affordable housing and this is because housing costs are skyrocketing daily and people are looking for better affordable options, on average a one bed roomed house will cost $1,057 while a mobile home is just $564 dollars, click here and check it out!
If you are an investor in mobile home parks there is great news, you are likely to have steady supply of tenants especially in areas where the prices are lower and the cost of housing is higher, click and learn.
The mobile homes offer more than just standing apartments, they have more square footage, amenities and appliances are nicer and more land for recreational which are some of the things that tenants like, more information here.
Most investors are not aware of this investment of Mobile Home Park since they ignore it as a small venture and are always looking to have major and big investments in real estate, click here.
As a result there are fewer people that you are competing with for properties, and this can help prevent others who are driving the price of land or the mobile home parks for sale so that you have a better chance to make reasonable offers.