The Advantage of Renting Your Land for 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 second option is actually maintenance free, you are only supposed to handle maintenance, landscaping, trash pickup and other expenses that are related to the property, read more now.
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.
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.
Once you are in the business of mobile home parks, you have fewer chances of competing with multiple people, this also prevents people who are driving the prices of land and home parks for sale and this allows you to make a reasonable offer.