But despite their returns, only about 20% of mobile home parks in the country are professionally owned, leaving the remainder of the market up for grabs by investors looking to begin or diversify their investment portfolio.
Things You Need Before You Invest
• Water well tests • Sewer plant/septic repair and maintenance records • Maps of the park and lot sizes • Disclosure from the seller of recent problems with any infrastructure • Name and contact information for all contractors. For a complete list see the next chapter on doing your due diligence. Remember, the owner of the mobile home is responsible for maintenance, updates, and repairs to their residence, not the landlord. While the mobile home park owner must account for the upkeep of the park, it is significantly less than upkeep in an apartment building. I have an up to date list of Mobile Home Parks that are for sale across the country. Lots of opportunities in Florida and Pennsylvania.
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