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