What are the Benefits of Mobile Home Parking?
Mobile home parking is a trade that many real estate owners pass up and this is not good since they are missing on a lot of benefits, click on this website for more details.
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 second option generates excellent income since there is a lesser chance for turnover and studies shows that it costs $5,000 or more for people to move from the mobile home to another location, once a mobile home owner parks on the land it is hard and not cheap for them to move.
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.
If you did not know that investing in mobile homes parking, you are not alone, many real investor overlook this valuable investment simply because they are after bigger and expensive properties, this gives you a chance to charge more on your mobile home parking and making it a good investment.
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.
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