4 ms·
My dad owns a few trailer parks. Great investment but not for the faint of heart. From our experience, you're not going to want to live in any neighborhood that
by lefstathiou 10y ago
My dad owns a few trailer parks. Great investment but not for the faint of heart. From our experience, you're not going to want to live in any neighborhood that allows this kind of housing and as a result, it wont be available for long in any neighborhood you're trying to address. Many trailer parks are trashy (literally trash everywhere) with a highly uneducated and unstable demographic. Its the suburban equivalent of an urban ghetto. Alcoholism, assault, vandalism are daily occurrences. Some questions to ask yourself: am I comfortable evicting people on a weekly basis? How many problematic tenants can my system tolerate before all the software engineers who have the option to pay high rents for crappy apartments decide safety and piece of mind are valuable?
Oh and by the way, this type of housing is cheap but not necessarily inexpensive. A trailer in upstate GA an hour and half away from Atlanta in the middle of nowhere makes $500 a month. In Oakland, market rates (and all roads lead to a market rate) will likely get this to $750-800. People are going to start piling into these things to make the economics work, which will make them more dangerous, more unstable.
- wehadfun 10y agoIts the suburban equivalent of an urban ghetto. What does this mean? Trailor parks in the suburbs?
- brudgers 10y agoThere were (and are) very well maintained mobile home parks. It's more a matter of market segmentation (e.g. college students or retirees or vacationers (and hence location)) than the form factor. Ownership pattern also plays a big role. Resident owned trailer parks are often very well maintained. For example: http://www.realtor.com/realestateandhomes-search/The-Villages_FL/type-mfd-mobile-home http://www.realtor.com/realestateandhomes-search/The-Village...
- komali2 10y agoI used to live in The Franciscan Park in Colma/Daly City. It barely felt like a trailer park at all. It was resident-owned trailers, sort of. You had to pay a fee for the land. Don't know much more about the details, we were renting.