The
MANUFACTURED HOUSING GLOBAL NETWORK
Home     Privacy & Security     Contact Us    
 
What do you want to know about manufactured housing?
Manufactured Housing Web Search
Home Search     Forum Search     Business Search    


Financing   Buy A Home Sell A Home Repair & Renovation Free Classifieds   Forums Books Insurance

Investment Properties Albany NY

This page provides relevant content and local businesses that can help with your search for information on Investment Properties. You will find informative articles about Investment Properties, including "Mobile Home Park vs. Apartments for Investment". Below you will also find local businesses that may provide the products or services you are looking for. Please scroll down to find the local resources in Albany, NY that can help answer your questions about Investment Properties.

Area Homeowner Solutions
(518) 466-7127
595 New Loudon Road
Latham, NY
 
CAPITAL ASSET MANAGEMENT
(518) 506-7400
PO Box 568
Troy, NY
 
CAPITAL ASSET MANAGEMENT
(518) 506-7400
PO Box 568
Troy, NY
 
Mountview Realty, Inc.
(845) 255-2618
43 North Chestnut Street
New Paltz, NY
 
T.E. Griffith Realtors, Inc.
(845) 294-9333
226 Main Street
Goshen, NY
 
Area Homeowner Solutions
(518) 466-7127
952 Troy-Schenectady Road
Latham, NY
 
Capital District Real Estate Solutions
(518) 640-4111
621 Columbia Street Ext.
Cohoes, NY
 
Colucci Shand Realty
(845) 255-3455
2356 Rte. 44/55
Gardiner, NY
 
Carson professional services inc.
(716) 948-3000
140 fisher
Buffalo, NY
 
R.J. Smith Realty
(845) 551-3388
35 Matthews Street
Goshen, NY
 

Mobile Home Park vs. Apartments for Investment



Mobile Home Park vs. Apartments for Investment
Wed 01/28/09 09:26:14 am
by Dave Reynolds

  1. There has always been and will always be a need for affordable housing.  The typical mobile home park is just that… affordable housing.Dave Reynolds
     
  2. It is typically accepted that the average operating expenses for a mobile home park are usually around 35-40% of the gross income as compared to apartments which have in the 50-60% expense ratio.  One of the biggest advantages of mobile home park ownership is not only this decreased operating expense margin but the reasoning behind it.

Mobile Home Parks in which you rent the land to the home owners have a much lower turnover ratio as compared to apartments.  In most cases, once the home is moved into your park, that home will stay in there for 25+ years and when people are ready to move they will just resell the home in the park and you will have a new homeowner. 

The biggest reason for the low home turnover is that it costs so much to break down, move, and set up a home.  In most cases this is going to cost at a minimum of $2,000 for a singlewide and $4,000 for a doublewide.  In an apartment, your renters can pack up and leave in the middle of the night.

In most cases a mobile home will not move out in the middle of the night (especially legally).  There are those cases where someone will hire someone to come in and move a home in the middle of the night but it is rare. 

move that homeI actually had someone who was a few months late on rent, decide to hook up to their 14 x 70 home with their ¾ ton pickup in an attempt to move it down the road a few miles to a different park.  They made it out of the park with the home but about a mile down the road the mobile home separated from the truck and they not only flipped the home but destroyed a truck.  All of this to avoid about $800 in lot rent.   

  1. When you raise the rent by $10, $15, $20 or more in a mobile home park, it is less justifiable for a renter to spend several thousand dollars to move their home to save $10 or $20 per month.  In addition there is no guarantee that the mobile home park that they move their home to will not follow suit with a rent increase of their own. 
     
  2. Another reason for the lower operating expense ratio for mobile home parks is that you are not responsible for painting, cleaning carpets, fixing windows, and all the fun jobs of the apartment maintenance personnel.  You are typically only responsible up to where the home connects to your utilities and the maintenance of the common areas. 
     
    1. As far as depreciation, apartments have a large value attributable to the building itself and the building portion is generally required to be depreciated over 27.5 years  However, for mobile home parks, the depreciable costs are typically the roads, water lines, sewer lines, electric poles and so on.&nb...

Click here to read the rest of the article from mobilehome.com


© Copyright 2008 Express Network Solutions
Manufactured Housing Global Network

Page Cached @ Tuesday, 18th January, 2011 @ 02:00am

Served by checkov .xpr.com
@ 02:01:59