Storage vs. MHPs

[Logan M.]

I have the opportunity to expand a mobile home park I own or build storage units on the raw ground.

If I am looking at it as a direct comparison which would be a better play without getting lots in the weeds?

[Henry Clark]

Assuming your market is good for both?  And you run your numbers.

Do you own the mobile homes or just rent the lots?

If you are just renting the lots, I would go with the MHP lots.  

Storage building costs are really high right now. If your market for a 10x20 is $90 per month or less I wouldn’t do them.  

If your storage rental rate is say $130 or higher I would do Selfstorage.