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Mobile Home Park Investing

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Terri Pour-Rastegar
Pro Member
  • Rental Property Investor
  • Charlotte NC Fort Mill SC Lake Wylie SC, SC
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174
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BYOMH? Renting my land to a mobile home owner

Terri Pour-Rastegar
Pro Member
  • Rental Property Investor
  • Charlotte NC Fort Mill SC Lake Wylie SC, SC
Posted Feb 10 2015, 07:26

So I have a 1+ acre lot here in Lake Wylie SC, and it has a great well and septic approved for 4-bedroom. I'm not ready to build something decent on that lot quite yet. I was wondering if there's a market for renting this land to folks who want to park their mobile home on it? The property is zoned for mobile homes, as long as they're not pre-HUD.

  • How would I find such "land tenants"?
  • What could I charge for rent (for just the land)?  Keep in mind, I will maintain well/septic--they need only pay for power.
  • What potential pitfalls do I need to watch our for?
  • What does such a lease need to say specific to this situation?

Any information/direction would be greatly appreciated.

PS:  I'm also open to the idea of buying a MH and putting it on my lot and renting it out like that.  But that's a whole lot more work.  LOL!

Thanks!

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