Strategy for a park in oil & gas area

mobile home university
1

If you purchased a park in an up-and-coming oil exploration market, and the park owns all the homes, would it be best to:

  1. Sell-off the homes?

  2. Keep them as park-owned?

We would be looking to push home rents 2X to 3X their current rate. My thought is that we would be able to push rents faster and capture more of the total income stream if we owned the homes. And/or we would be in a better position to rent the homes as corporate housing.

I’d appreciate your thoughts if you have experience in this kind of situation.

Joe