I currently have a truck the lives in 1 of 2 spots, so I could easily just start parking on the street.

@Aidan MulliganCould you make a parking area on the property?

Maybe market to people living in Mobile home parks (with new enough homes that they are moveable) to move to your lot on a rent to own basis,  or something like that.  

On the lighter side...John Oliver of late-night TV fame does a segment on mobile homes and the investors that buy and operate them. His humor is definitely of the leftist and snarky variety, so...trigger warning, it d...

I find the sweet spot for most of our clients are 8%-10%, but I have investors who also just are passive as possible and park money for appreciation and not cash flow.

@Dorise Moore - Check out Hyde Park if you are looking for some places at lower price points in the city.

To answer your question, 93% is a good indicator of the number of accounts that should be current and in good standing.Please note that Minico puts out a guide to underwriting self storage every year with industry norms across the nation on all of the expense categories.I hope this helps.

@Yuni Park  You should update your profile with your location, which would help. 

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

First time I had a mobile home deal.So after having nothing short of a horrific experience with this new title company that tried their best to not close (they did all closings for this park, wasn't a local deal), finally got it closed, and before the guy even got his check for the closing the guy died too.