Mobile Home Park Information
Also known as trailer parks, mobile home parks serve as a solid investment despite the negative connotations and stereotypes that cloud their image. Many real estate experts have reinforced the fact that mobile home parks are incredible assets to own. For example, Warren Buffet is one of the largest investors in mobile home technology and manufacturing, while real-estate mogul Sam Zell’s Equity Lifestyle Properties is the largest owner of mobile home parks in the U.S. Similar to those who seek to rent an apartment, tenants are looking for a safe, suitable place to live, but instead of them renting an apartment from a landlord, they rent the land to park their mobile home on and hook it up to the utilities.