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 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.
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.
The second option is able to generate more income since there is less chance for the tenant’s turnover unlike the first option, this is because studies have shown that it is expensive for mobile homeowners to move and hence once they park in your property that will stay furlong.
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.
When you are a mobile park owner the benefit is that you will have tenants all year round especially if the prices are affordable and the prices of houses are expensive in that area, click on this homepage if you are planning on starting a mobile home parking.
Mobile home parking’s tend to offer standing apartments, more square footage, amenities and nicer appliances and very little land for outdoor recreation which are some of the things that attract tenants, more details below.
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 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.
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