Mobile homes

[Nathan Richmond]

Does anyone have experience with purchasing mobile homes and using them as rentals? Do they make good rentals? Is the maintenance more, less, or the same?

[John Fedro]

Hi Nathan,

My experience is mainly in mobile homes. While I do not rent mobile homes you can rent to a dream tenant or to a nightmare tenant. They will dictate if repairs are announced, if proper upkeep is maintained, and if they take care of your property. With that said water damage will affect a mobile home much more than a single family home in most cases. However with that said mobile homes are typically easier and quicker to fix than SFRs. 

While I am not a fan of renting mobile homes I do love selling them to buyers with monthly payments. This way only low-risk buyers are put in these homes and they take care of all the upkeep moving forward. 

With that all said if you plan to rent the land and sell the home this is a strategy I can get behind as well because you are selling the home and renting the land, best of both worlds.

So in short, I am not a fan of renting however to answer your question, "Yes, they make good rentals. There are many folks that would love to rent them. Do keep in mind that in parks most park managers will not allow you renting in their park."

Thank for the shout out Yusuf.

I hope I helped Nathan. If not don't hesitate to re-ask a question.

All the best,

John Fedro