Fast Cash Offers for Mobile Home Parks: How Submetering is a Barrier for Selling Your Property
When it comes to selling your mobile home park property, there are a few things to consider. One of the most important is whether or not submetering is in place. Submetering can cost owners money, but implementing it can be expensive. For those looking for a fast cash offer for their property, this can be a major barrier. In this blog post, we will examine this issue in detail, including the real-world examples, stats, and figures.
What is Submetering in Mobile Home Parks?
Submetering in mobile home parks refers to the practice of measuring and billing individual units for water, electricity, or other utilities instead of billing the entire park as a whole. This can be costly for mobile home park owners as they are responsible for installing, maintaining, and reading the meters, which can be time-consuming and expensive. Additionally, residents may contest the readings or fail to pay their individual utility bills, leading to disputes and a decrease in the park’s revenue. As a result, many mobile home park owners are turning to fast cash offers to sell their property and avoid the headaches associated with submetering.