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Mobile Home Park Investing

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Natalie Kolodij
Pro Member
  • Accountant
  • Charlotte, NC
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Assessor lists each space as separate property in park?

Natalie Kolodij
Pro Member
  • Accountant
  • Charlotte, NC
ModeratorPosted Dec 27 2016, 15:37

Hey guys- I've done two mobile flips now and both times the address of the mobile home park just pulls up the overall park information with the assessor. Total acreage, total RE taxes, number of pads, and the LLC that owns the whole park.

There's a 30ish unit park in my town and a mobile was just listed for sale. It's an all ages park. 

When I pull the tax assessor county info....it lists every unit space in the name of the person who owns the trailer, and the property taxes for that specific space, it lists previous sale info...everything. I haven't seen this before. 

There is still lot rent (which is fairly spendy for this area) so it doesn't seem like you OWN the space. Does any one know why each space is listed as though it belongs to the trailer owner? 

Thanks!

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