Distance to invest in MH with land and or small parks

[Jose Gonzalez]

How far away should I invest in a MH and rent  with land?

Are property managers generally available for MH rentals? ( not in parks)

With a stick built home its not a big deal, but It seems that there are not too many companies interested in managing MHs (not in parks)

 With the low $100 per door of stick built rentals, I'm tempted to invest in MHs with land.

Thank you,

Jose G

[Brad Bartlett]

@Jose Gonzalez

There are property managers for any kind of property. In my experience most MHs with land are rural. You are not likely to find a PM willing to take on just one or two MHs in a rural area unless they live nearby. A couple years ago in Levy county, MH owners were having a very difficult time finding anyone to management their properties. One owner offered a friend of mine 25% of income to manage her two MHs. My friend, a Realtor, declined.

I have seen some MHs with amazing cash flow. You’re likely to have challenges with finding tenants with good credit, high cost of repairs due to MNs requiring different size doors, toilets, tubs, etc./, and also finding management. Also, remember the MH won’t appreciate like a stick built house. If you can buy the MH right, and overcome management challenges, you may have some good cash flow. I wish you the best.