Mobile home parking investment is one thing that has come to be known recently and it has a number of benefits, it is a trade that many home owner professionals have started to notice for its good proceeds, click here on this website for more information.
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.
As a mobile home park owner you will be faced with two available options, the first option is to own the land and then you rent out spaces to the mobile home owners, the second option is owning the land and the mobile home will rent out to tenants, see more now!
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 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.
The reason why many people are now considering mobile homes is because home rents are becoming expensive as compared to a mobile home which goes for only 654 dollars compared to a one bed roomed house for $1,057, view here for info.
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.
There is less competition in this field of mobile home parks since most investors are not aware and most of them overlook this investment as simply a small venture and are always looking for major and big investments, click here for details.
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.