What are the Benefits of Mobile Home Parking?
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 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 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 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!
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
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.
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.