Manufactured home experts TALK TO ME

[Nick Ferrari]

Alright guys,

I have purchased many SF & MF homes and i'm starting to build a pretty good base of knowledge on my numbers, what to expect from tenants, local markets etc.  However I don't have a clue about manufactured homes and i'm curious.

I have looked in several nice manufactured home neighborhoods with paved streets, communal walkways, good people, etc.  I have found several properties that look like solid investments...BUT do people rent these?  Honestly i'm not being facetious I genuinely don't know, and what do they rent for compared to the rest of the market?  My gut tells me yes people will rent anything anywhere but I'm not certain and I have no clue what to expect for rent.

I went onto rentometer for each neighborhood and none of them had alisting of the rent inside the neighborhood which doesn't tell me much because the other homes in surrounding neighborhoods probably rent for more inflating the median number.  I tried looking on your basic web searches to see if any rentals were in these neighborhoods but virtually no info that was relevant.  Does anyone have anything other than Zillow Rental, Rentometer, google, that might be able to give me some data?  Or even a hey I've owned a manufactured home for years and there are tons of people that want to rent it (or the opposite) any info would be helpful.  Thanks guys!!

Additional questions if you're searching for brownie points:

1.)  What are the lifespan of manufactured homes? I'm assuming they don't last as long as a well built SF.

2.)  If tenants come in what do you usually expect?  Retirees? Blue collar workers?

3.)  What's the resale process like on these down the road?  Are they hard to sell?