Anyone here own any mobile home parks in Florida?

QBO has everything you need to run a business, including excellent custom reporting features to ensure compliance with your mobile home community regulations.

Quote from @Mark Delosreyes: Hey, any good lenders offer products for small, mobile home parks?

I haven't looked at how to deposit those - I don't like mobile deposits.There are many free resources to use before you start paying for services.

While no tech prevents a tenant from clogging a toilet, the goal of sensors here is to detect the overflow the moment water reaches the floor.

Hello,Does anyone have any suggestions on what an updated and attractive mobile home with 1568 sf, 3 beds, 2 bath, office, 1 acre, detached 2 car garage and an RV car port should be listed for for rent?

I’m working through a refinance on a stabilized mobile home park and would love input from anyone who’s done this before (lenders, brokers, or owners).In this park, we own the land and the homes outright, but we’ve also sold several homes to residents using seller financing (standard promissory notes secured by the homes, with consistent on-time payment history).

We addressed this by opening up the 1st & 2nd floor dry wall to add a bit more insulation between the wall & the pipes, we added a heat strip with a sensor to tell it when to turn on, & added insulation around the pipes itself.

I’m considering a 1031 exchange and would like feedback from investors who have experience with mobile home parks, particularly smaller, park-owned operations.Current Property (Selling):Duplex purchased in 2021 for approximately $145,000; estimated current value around $210,000\Loan balance: about $90,000Gross rent: $2,400 per monthNOI: approximately $16,000–$18,000 annuallyCash flow after mortgage: around $750–800 per monthLow management requirements and stable tenantsReplacement Property (Under Consideration):Seven-unit mobile home parkAsking price: $395,000Rent: $750 per unit plus $40 for water (total $5,530 per month; $66,360 annually)100% occupied with long-term tenants, several in place four to five yearsAll homes are park-owned, purchased between 2016–2018 with metal roofs and Hardie sidingOwner pays water and sewer (aerobic septic); tenants pay electric and trashMaintenance handled by one individual for $400 per month using personal equipmentGravel road, well maintained; potential to add one or two additional homesMy Pro Forma:Vacancy: 5%Expenses: approximately 40% of effective gross income (includes water, insurance, taxes, maintenance, mowing, etc.)Estimated NOI: $37,800Financing assumption: $255,000 loan at 8% interest, 25-year termAnnual debt service: approximately $23,574Projected cash flow: about $14,250 annually ($1,188 per month)Cap rate: approximately 9.6%Cash-on-cash return: around 10% on $140,000 downDSCR: 1.6 (strong coverage)If the price can be negotiated to the $360,000–$370,000 range, the cash-on-cash return improves to roughly 11–12%.Pros:Consistent, well-maintained units with matching exteriors.

My goal is to transition away from active landlording toward more passive income streams.I'm eyeing building (or possibly buying and expanding) a small mobile home park from scratch—thinking 4-10 pads—where I can live in one unit (or on-site) and rent out the rest for lot rent only.