The Advantage of Renting Your Land for 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.
As the mobile home park owner you will have two options, the first is to own the land only and then you rent out spaces to the mobile homeowners and the other one is owning the land and the mobile home owners will rent out to tenants, see more now on this site.
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.
As the housing options are becoming more and more expensive, people are looking for cheaper options ,on average one bed roomed house apartment is now costing $1,057 while the mobile home is going for just 564 dollars, view here!
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, 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.