Advantages of Mobile Home Park Investing.
There are many benefits that are derived when you incorporate mobile home parking investment and this is one thing that home professionals for a long time have been ignoring without knowing its benefits, see more here.
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 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!
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.
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.