The Advantage of Renting Your Land for Mobile Home Parking.
There are many benefits that are derived when you incorporate mobile home parking investment and this is one thing that home professionals for a long time have been ignoring without knowing its benefits, see more here.
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.
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 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.
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 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.