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Updated over 10 years ago on . Most recent reply

Connie Garrison's profile image
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Connie Garrison
  • from Nokomis, Florida
  • Member since Dec 9, 2014
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Connie Garrison's profile image
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Connie Garrison
  • from Nokomis, Florida
  • Member since Dec 9, 2014
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Connie Garrison
  • Nokomis, FL
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Mobile Home Park Investing

Benefits of organizing under RV statutes vs mobile home park statutes

Connie Garrison
  • Nokomis, FL
Posted

Can anyone give me any information on why it is better to organize our park as an RV park vs a mobile home park?  We have spaces for both, ratio 150 RV spots to 400 mobile home spots.  Thanks

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Jefferson Lilly's profile image
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Jefferson Lilly
  • Rental Property Investor
  • from San Francisco, CA
  • Member since Dec 18, 2010
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Jefferson Lilly
  • Rental Property Investor
  • from San Francisco, CA
  • Member since Dec 18, 2010
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Jefferson Lilly
  • Rental Property Investor
  • San Francisco, CA
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Jefferson Lilly
  • Rental Property Investor
  • San Francisco, CA
Replied

Mobile home parks are always more valuable than a comparable RV park.  Recreational Vehicles have engines in them.  That means your cash flow drives off.  

Mobile homes are not actually that mobile.  Best industry estimates are that mobile homes stay in parks for 40+ years.  Your cash flow stays if it is tied-down to the land with permanent utility connections.

Best,

-Jefferson

  • Jefferson Lilly
  • Podcast Guest on Show #369
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