| It all depends on how you look at mobile home parks; | | | | dollars. Not anymore! Your lot renters are looking at a |
| they're just like anything else. Due diligence must | | | | whopping $3,000 up to move their trailer. Time has |
| always take place. Where does your experience lie? | | | | actually healed that problem. Far less move outs occur |
| Do you want to invest in some education about mobile | | | | these days. |
| housing? Are you going to live on sight and manage | | | | We have some more factors to consider. With the |
| the park or hire a manager to live on site or close by? | | | | internet so much can be done now before ever going |
| These questions must be thought about and | | | | and seeing a park. This means a big savings to you. |
| addressed before hand and many others if you wish | | | | This saves much in travel expenses that as much as |
| to keep your risk to a minimum. A well kept park can | | | | ninety of checking parks out that you would even |
| be just as favorable as an apartment building. | | | | consider. To me the mobile home parks look to be a |
| I believe there's a big plus in owning mobile home parks | | | | safer investment than an apartment building. You won't |
| as opposed to less say an apartment building. Both are | | | | be getting any calls in the middle of the night of leaking |
| considered to be commercial properties. The actual | | | | toilets or leaking roofs from your lot renters. |
| individual mobile units up keep will be each tenants cost. | | | | In the commercial arena of finding a good park as a |
| In addition to their own payments of their own movable | | | | real estate investment of choice can be evaluated to |
| house itself. They are the owners of the home. | | | | see how much of a value by pulling information off the |
| However, at times you will purchase a mobile home | | | | internet is all at your finger tips now. However, one |
| park and a few mobiles on there will be owned by the | | | | thing is for sure we each will face; as more investors |
| park. This is good those because you can rent them | | | | come into the game of investing more competition will |
| out. | | | | come into the picture. You do have a way to over |
| Each lot renter will pay for their own electrical bill. As | | | | come this or at least have a better chance and that's |
| well as many of the parks now a days are switching | | | | to educate yourself in these markets. I myself find I'm |
| to individual water meters as well. Let's look at tenants | | | | spending thousands more each year to stay abreast |
| moving out. After all these are mobile homes that can | | | | of everything. A mobile home park can be a good |
| be moved. Years ago this was a problem because a | | | | investment choice. |
| mobile home could be moved for as little as $300 | | | | |