|Successful Strategies For Mobile Home Park Home Rentals|
Sat 12/20/08 12:07:24 pm
by Dave Reynolds
number one call you get as a mobile home park owner is "do you have any mobile
homes for rent?" Some owners have learned to harness this demand by offering
rental mobile homes. Although they take a lot of effort and repair calls, there
is money to be made renting mobile homes in your park, if you follow some basic
The Repairs Bills Can Kill
One of the
biggest challenges to making money renting mobile homes is how you handle the
endless repair calls. Mobile homes are not built very rugged, and it does not
take much to break a doorknob or screw up the toilet. As a result, you either
have to make the repairs yourself, or have someone who will do it cheaply. You
will never be able to make money if you use regular, licensed repairmen - the
trip charge alone will bankrupt you. Sometimes you can find a retired guy in the
park who can make such repairs for a small, flat monthly figure.
There Are Modifications You Can Make To Make A
Rental Mobile Home More Profitable
the modifications you can make include installation of vinyl flooring as opposed
to carpet (the tenant can buy his own area rugs) and removal of all appliances
(let them rent them at rent-to-own stores). You should also better secure all
furnaces and air-conditioners against removal by the tenant, who will take them
out and pawn them when money is tight.
Get Paid Weekly or
essential that you not get paid monthly with rentals. That's because the many of
the folks who rent mobile homes are the absolute bottom of the rental chain, and
you can't expect them to budget to pay the rent. You need to take it immediately
from them on payday - every week or the 1st and 15th if they have more normal
jobs. If you expect them to save some out of their paycheck to pay you later,
you are expecting way too much.
Dave Reynolds has purchased 10 mobile home communities in
the past 12 months alone. He is immersed in the business every day with
this website, his current ownership of 15 mobile home parks, and several more to
come. Dave has literally seen several thousands of potential mobile home
parks to buy over the past 12 years and can look at a deal and decide within
minutes whether it is worth looking at further.
With a degree in
Accounting and Taxation and a background which includes owning over 60 mobile
home parks, running MobileHomeParkStore.com and other real estate websites and
other successful businesses,
If you have been thinking about Selling
a Mobile Home Community and want to get the most potential buyers... Online or
Offline... then find out more about Selling
your Mobile Home Park
If you are an Investor looking
to Profit in the Mobile Home Park Business, then browse over 1,200 Mobile Home Parks
Attn: Mobile Home Park
Home Park Buyers
Mobile Home Park Sellers.
If your thinking about
buying, selling or rehabbing a manufactured housing community we are here
to help you find the financing that you need.
Our associate's programs include HUD, FANNIE MAE, conduit and
conventional financing options and are flexibe with regard to community
size, age and location. Loans to purchase land for community development
are also available.
Would you like more information?
For a fast
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Successful Strategies For Mobile Home Park Home Rentals