Most owners visit their properties only three to four times a year, relying on an onsite manager—often a park resident—to handle daily operations. This manager collects rent, distributes notices, performs minor maintenance, and serves as the owner’s eyes and ears on the ground.
Unlike multifamily housing, retail centers, or office complexes, the primary objective of a mobile home park owner is to own the land and lease spaces (lots) to homeowners. This model significantly reduces the common headaches of traditional property management.
The Advantages of Mobile Home Park Ownership
Investing in mobile home parks offers several key benefits:
Higher-than-average CAP rates and strong cash flow potential
Limited competition in a highly fragmented market
Opportunities for forced appreciation, such as increasing lot rents, improving operational efficiency, filling vacant lots, sub-metering utilities, and offering rent-to-own home contracts
Potential for redevelopment, providing long-term value growth
Despite misconceptions, mobile home parks primarily serve as clean, safe, and affordable communities. The industry’s stigma has long overshadowed its potential, but as more individual investors and professional groups recognize the opportunity, perceptions are rapidly changing.
Partner with Suncoast Business Consultants
Suncoast Business Consultants has extensive experience in purchasing, managing, and brokering mobile home parks. Our network of investors and industry connections can help you find the right land lease property.
If you’re considering selling, we can assist in positioning your park to attract the best offers. We understand the dedication it takes to build and operate a park, and our expertise ensures that you maximize your sale price and cash return.
Whether you’re looking to invest or exit the market, Suncoast Business Consultants is here to guide you every step of the way.
