Many investors don’t think about investing in mobile home parks.
- No new mobile home parks are being developed
- About 1 percent of existing mobile home parks are being torn down
- Demand for mobile homes is rising
This means demand in park ownership is low while inventory on the market is shrinking.
Also, the cost of maintaining the land is less expensive than maintaining a rental property. Jefferson Lilly explains how an On-site Manager is in charge of taking care of the properties in their current state and an Asset Manager works to improve the site overall – such as roads and drainage, etc.
You can learn more about mobile home park investing at Jefferson Lilly’s website http://ParkStreetPartners.net
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