Advantages of Mobile Home Park Investing.
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 investing isn’t usually the first thing most people think of with real estate investment. And that can be a good thing if you’ve ever wanted to generate passive income as a landlord, mobile home park investing might be for you.
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.
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.
Once you are a mobile home park owner you have an advantage in areas where the rent is cheaper and the cost of rent in higher and therefore you will have tenant all through, learn more here
In addition, mobile homes tend to offer more than the standard apartment. More square footage, nicer appliances and amenities, and a little land for outdoor recreation are just a few of the things that attract tenants, click for more here.
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.
As a result, you’ll have fewer people to compete with as you’re looking for properties. This can help prevent others from driving up the price of land or mobile home parks for sale so you have a better chance of making a reasonable offer, discover more details here on this page on this products on how to make it big with mobile home parks.