What are your expenses in a small mobile home park

Question

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?

Ryan Groene · Answer

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

Gulliver R. · Answer

expenses are about 25-32%

Gulliver R. · Answer

in my 36-lot park it’s:

Tax

Insurance

Water and sewer

Common area electricity

Trash

Management

R&M

Cap Ex

Website/Property management software

Tenants mow their own lawns and shovel their own snow. Manager handles the common area lawn and snow shoveling.

Rachel H. · Answer

@John West Look at the plumbing/sewer, landscaping, trash and road maintenance to name a few. Some of these items may be asked from the city if you're in a major area.

Gulliver R. · Answer

when I will back the water and sewer bill to the tenants it’ll be even lower.

John West · Answer

Thank you @Gulliver R. That's helpful. So you pay 100% of the water/sewer bill? Do all of these expenses add up to about 40% of gross revenue?

What are your expenses in a small mobile home park

What are your expenses in a small mobile home park

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