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Nancy Solano
  • Investor
  • Ashland, OR
3
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10
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Mobile homes, pro or con?

Nancy Solano
  • Investor
  • Ashland, OR
Posted Sep 10 2016, 09:36

Hi All- we are looking at getting a mobile home park. From what I have read on the topic, investors don't seem to like park owned homes, they want to just rent the lot. We are used to leasiing houses/rooms, so I am wondering..the rent with the trailer is twice the rate for just the lot, I don't think monthly repairs could run the total rental amount for each home, so why is this a bad thing? 

I also met a fella in texas who'should model was to only have park homes so he could control the niceness of the park.

For those of you who do MHPs, do you prefer park owned or tenant owned trailers?

If tenant owned home- what if you need to evict a tenant and they leave the trailer and you don't own it? you must pay to have it removed? to where if tenant disappears?

thanks!

Nancy

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