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.
Mobile home park investment is not the first thing you find real estate people are thinking of, they are more inclined on housing and fore go the benefits which can come from home parking and in most cases it is thrown under the radar.
The mobile home park owners are faced with two options, to own the land only and then rent out spaces to the mobile home owners and the second option is to own the land and the mobile home rents to the tenants, click to read more.
The second option is almost maintenance free because you will only handle the landscaping, trash picking, parking areas and other expenses that are only related to the property.
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.
Mobile home parking’s tend to offer standing apartments, more square footage, amenities and nicer appliances and very little land for outdoor recreation which are some of the things that attract tenants, more details below.
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.
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