Advertise Lot Rent / Bring Your Own MH and Install?

1 Reply

I have a property with land sufficient to add two trailers.

I don't want to go through the hassle of buying, rehabbing and installing a MH, then selling with owner finance. but would like to collect lot rent to accelerate the mortgage paydown.

Is it common practice to offer up the land for lease and hope to find tenants that can furnish their own trailers?  

My intuition is that the capital cost would be too high for most, but this is new to me. 

Thanks for any input. 

This is exactly what parks do. It really depends on the market demand. If a hot market, you'll find many interested. In a slower market, you may have to offer incentives. It's best to test the market and find out the demand. Hope that helps!