I am about to take my first plunge into the trailer park world and need some advice for my first deal. Here it is
Trailers are all park owned and are all in great shape and rented with long time tennets that are all on month to month currently. Here is the break down. 12 pads 7 with trailers rented and 4 homes rented and 2 duplexes for a total 15 units and $5240 in rents. Rents have a history of being paid by the first of the month via mail. The rents range from 325-370 for tailers 300-325 for duplexs and 410-525 for the homes. 5 more tailers could be added to existing pads and the rents can all ceritainly be raised by at least 100.00
I am trying to calc an offer price for all this. Please ask me more questions and help me learn this business. If I bought this I already have a property managment person that manages my 24 apartments that are in the area. I also could use the same trades people to effect repairs.