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 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.
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.
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.
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.