What are the Benefits of 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.
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 almost maintenance free because you will only handle the landscaping, trash picking, parking areas and other expenses that are only related to the property.
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.
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.
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.