We purchased a 63 space park in South Dakota 4 1/2 years ago. Since the purchase, we have evicted 13 investor owned homes that were poorly maintained and brought in 2007-2012 homes of better quality. I have 4 more that I would like to switch out this summer. We have sold a few to homeowners and have buyers requesting homes in our park.
My question is, as mobile home park investors, is it more attractive to you as a potential buyer to have park owned homes that are well maintained or to be happy receiving just lot rent?