While I see your zest for earning money in a tight economy makes you turn to MH sites as investment centres, I implore you to realize that it’s the PEOPLE who live there who are making you rich.
I just saw the ad for the Boot Camp on buying MH parks. This part made me feel ill…
“Its unique since virtually no new parks are allowed to be built and the fact that tenants can’t afford the $5,000 it costs to move a mobile home keeps revenues stable and makes it easy to raise rents without losing any occupancy.”
Really? Is that how Owners feel about those people living there?
Do you think a senior who lives there 25 years & has hoped to stay living there till she dies, but her husband dies first, so she’s living on one tiny amount, and you think a $100/month increase won’t make her have to leave? Yes it sure will. Where will she go??? Right now there’s nowhere. Seniors centres have a year long waiting list & apartments cost a lot more than one senior can afford.
It’s a pandemic & y’all want to gouge the seniors and people living on the poverty line? Ouch!!
I also don’t like the TONE of this guy. To say you got people by the short n curleys would be an understatement. So keep raising the rents but MAYBE people will move their trailers anyway, no matter the cost, away from greedy landlords.
In It’s $10,000 to move your trailer. A guy just did that last month. There are almost 50 empty lots here right now. People can’t afford to buy new & can rent a BRAND NEW TOWNHOME for the same amount.
Right now I’m going to buy some land away from the city & drag my home out there. I believe with a planned $75/yr increase YEARLY that $1115/mo will be UNAFFORDABLE for most people in 10 years from now.
Then they will just build more condos here.