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Updated almost 3 years ago,
Mobile Home Park
Hi All:
I am looking at a mobile home park for investment. I have never invested in them so I have a few questions.
Do they act the same was as multifamily homes from an investment point of view? As in, I have to manage just the land, and provide water, sewer, and trash coverage, and everything else is of the tenant?
Also, how would I evict a tenant for not paying on time for renting of a pad? Is it the same process as serving a notice in a multifamily home?
Are there any other differences that I should be aware of from an ongoing cost, investment, or management point of view?
Any feedback would be appreciated!
Thanks.