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 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.
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.
If you are an investor in mobile home parks there is great news, you are likely to have steady supply of tenants especially in areas where the prices are lower and the cost of housing is higher, click and learn.
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.
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.
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