55+ Senior Vs. All Age MH Parks

[JC K.]

Please share your thoughts on the pros/cons of senior MHPs?  I've come across a few MHPs that in my opinion did not offer any special amenities to cater to seniors.   

Why would a park owner want a senior only MHP?  Are senior MHPs better kept?  Is there less turnover?  Are rents higher/lower? Can an investor easily change a senior MHP to an all age park or vice versa?

[Rachel H.]

@JC K. It will depend on the clientele and the area. Usually, these parks are in communities where seniors live already. Many senior parks are very well kept and do command higher lot rents. As in any neighborhood, this can be seen by the types of people it attracts. Regarding changing a senior park to an all age park, I haven't seen anyone do it just yet. If venturing into this territory, be sure you're well versed in the laws as it pertains to this demographic. Good luck!