Mobile Home Park Management Costs and Recommendations

[Rico Nasol]

We are investors that are looking to transition into Mobile Home Parks. Wanted to get some information on how we should plan to pay for property management and if anyone knows any good ones in Indiana. We are looking at 31 lot park that is currently at 65% occupancy. The pads are currently going for ~$185 each, but the market is more in the $225-$240 range. Can someone help explain how management should work for a park like this? I know some people have on-site mgmt and some people use property mgmt. Would like to better understand how we should be projecting costs and what would be realistic for a park like this. Thank you.

[Rico Nasol]

@Jack Martin thank you for the insightful response. We're trying to ramp as much as possible. This is helpful. We're definitely looking out if state and around the 30-40 pad size. Might look a bit larger to support a legit on-site mgr.