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Updated over 2 years ago,
Terri Pour-RastegarPoster
Pro Member
- Rental Property Investor
- Charlotte NC Fort Mill SC Lake Wylie SC, SC
- 103
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- 174
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BYOMH? Renting my land to a mobile home owner
So I have a 1+ acre lot here in Lake Wylie SC, and it has a great well and septic approved for 4-bedroom. I'm not ready to build something decent on that lot quite yet. I was wondering if there's a market for renting this land to folks who want to park their mobile home on it? The property is zoned for mobile homes, as long as they're not pre-HUD.
- How would I find such "land tenants"?
- What could I charge for rent (for just the land)? Keep in mind, I will maintain well/septic--they need only pay for power.
- What potential pitfalls do I need to watch our for?
- What does such a lease need to say specific to this situation?
Any information/direction would be greatly appreciated.
PS: I'm also open to the idea of buying a MH and putting it on my lot and renting it out like that. But that's a whole lot more work. LOL!
Thanks!