Things to Consider when investing in a mobile home park
Before making the final decision, these are some things to consider when investing in a mobile home park:
1. Location
2. Local market stability
3. Tenant mix
4. Occupancy history
5. Rents relative to other parks
6. Number of park owned homes
7. Condition of park and any park owned homes
8. Service type – electrical, sewer, water
9. Updating required, if any
10. Bylaw and other contraventions such as health, electrical, fire
11. Notations on title
