Updated over 7 years ago on . Most recent reply
What are your expenses in a small mobile home park
40 - 50% depending on the age and shape of the park. This is what I hear from podcasts, but what do these expenses consist of? I can think of property management, plowing (in the colder climates), mowing, capex.... and what else? I'm looking at small (20-30 unit) parks that have water and sewer billed to tenants separately.
Anyone with a small park like this care to share their numbers?
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travel, legal fees, license, accounting fees, office supplies...this could included in your property management expense...just adding more line items.
Some others could be bank reserves, your reserves, vacany factor, and also concessions/bad debt