The Advantage of Renting Your Land for Mobile Home Parking.
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.
Home investors are not usually thinking of home park investment when they are making investments in real estates and if you have ever wanted to generate income as a landlord mobile home parking investment is the right way to go.
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 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.
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.
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.
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.
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.