Why Owners Want To Sell Their Mobile Home Park

Trailer parks are a great source of income for owners. If you have a nicer trailer park, you could charge as much as $800 per month. If you have 20 lots, you are easily making $16,000 per month. However, trailer parks can have many drawbacks. If you are dealing with these drawbacks, you might want to consider selling your trailer park for a fair, fast cash offer.

Reason #1: You Don’t Have Time To Manage the Property

Many landlords who own apartment units outsource the care of these units to a property management company. Most trailer park owners tend to shoulder this burden on their own or pass this on to another tenant for reduced rent. If you can’t manage the property, there are probably repairs that need to be made, and not making these repairs will reduce the value of the property over time.

Reason #2: You Have Vacant Trailer Park Lots

Over time, lots on the property may become vacant. There are some reasons for this:

  • The utility hookups no longer work.
  • The trailer on the lot is inhabitable.
  • The park as a whole is in decline.

If you do a cash offer on your trailer park, Mobile Home Park Instant Offer will buy your property outright and repair it so you don’t have to worry about lots that don’t make you money.

Reason #3: You’re Not Making Enough Money

Income potential is a huge reason why people want to buy a trailer park. If you’re not making as much money as you’d like, it might be time to sell. Mobile Home Park Instant Offer will make you an offer that reflects the current market value of your park so you can walk away with cash in hand. At the end of the day, many residents become “grandfathered” into the rent that they pay. On other occasions, the property might not be in good shape to justify raising the rent. Selling your mobile home park will help you get fast cash to make money in other investments.

Reason #4: There Are More Lucrative Real Estate Investments Worth Pursuing

After a while, trailer park landlords get burned out managing their trailer parks. On average, the typical landlord will spend about forty hours per year managing their trailer park and another 40 hours trying to find tenants to fill it. After a while, this can become burdensome. There are other types of investments out there, like real estate syndication that don’t require as much work. Sometimes, selling your mobile home park will help you move on to more enticing investments. A fast cash offer on your mobile home park will let you move on to those other opportunities quickly.

Reason #5: The Park Is In Decline

A trailer park will inevitably go into decline at some point. Maybe the condition of the trailers is poor, or maybe the location isn’t as desirable as it used to be. When this happens, it becomes harder and harder to find new tenants. Selling your mobile home park while it’s still in demand will help you get a good return on your investment.