Hello MHU Community,
I’m in the early stages of exploring development of a 50-lot, B-class, HUD aligned MHP, located outside city limits zoned for homes, RVs, or a combination of both. I’m seeking advice on best practices and recommendations based on your experience.
Here are my key considerations:
- Location & Resident Needs:
The growing area has a high-demand school district and a severe lack of rental options. The rental “sweet spot” is between $1,500 and $1,800 for 3/2 homes that provide space for animals. To meet this need, I’m aiming to convert renters to owners while also offering long-term quality rental options.
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Cash Flow & Hybrid Home-RV Infill Strategy:
My primary concern is cash flow after completing development and during the infill period. To mitigate this, I’m considering a hybrid model with longer-term RV rentals alongside park-owned homes. I’ve read a few MHU posts where this approach has led to positive results. -
Amenities & Space Considerations:
What amenities have you found effective for attracting homeowners and long-term RV tenants considering the resident needs (Above)and the park unable to provide large open space per lot. -
Marketing Test:
I’m putting a large sign on my parcel along a busy highway to drive traffic to a website,. The goal is to use the data collected to confirm what the community wants and adjust the accordingly. This way, I can minimize risk, ensure demand, and create a community that fills quickly and stays full.
Thank You for your feedback!