Now that you’ve got your mobile home property, time to think about putting it up for rent. Hang on a minute. Your mobile home park needs mobile homes, lots of mobile homes for rent. It’s actually time for shopping, and we don’t mean the mall type. Buying mobile homes for rent is a bit complex because unlike buying a home for yourself, you need to factor in financial returns, maintenance cost, and affordability as well. At the end of the day, you need to crunch the numbers, and see how much you’re going to get from your mobile home property investment. How to select mobile homes for rent that would meet your investment goals? That’s why we’ve compiled this article just for you.
There is a huge market in Burbank for homes, anything from $20,000 to $150,000. From practical one bed studio to three bed mini-mansion, you’ll be boggled by the variety. You can select mobile homes which are brand, sold by factories or second hand, by the lot. It’s up to you and how much you want to splurge, really.
Design and Construction
One of the most important things that has emerged from the demand for mobile homes is that the government has taken notice of its demand and construction. The Department of Housing and Urban Development oversees the safety and standard of HUD Code implemented where construction of mobile homes are concerned. So, when you go out to buy them, make sure the houses conform to the standards.
Strength and Durability
Since you’ll be buying these homes to let, it’s important to choose durability over beauty. For this reason when selecting mobile homes for rent, make sure that the strength of the material used as well as the structure can stand the type of tenants you aim to let out to. Bathroom sanitary ware, kitchen cabinets and storage areas see more wear and tear when used by many people. Make sure that your selected mobile homes have these at top quality to help reduce maintenance cost.
Unlike permanent homes, mobile homes are designed to be moved from place to place. You’ll select ones that are easily de-assembled and re-assembled wherever they’re parked. Also, depending on the type of property you have, you want to select mobile homes that are compatible with the ground (grass, concrete or sand) on which they’ll stand.
Due to the use of fabricated materials, mobile homes tend to be prone to weather conditions which is one of the reasons why selecting mobile homes for their energy efficiency is critical. This is not beneficial only to you but also for your tenants. Can the mobile home you select resist extreme weather conditions like heat or cold? Are the heating or cooling systems effective? Check the electrical wiring systems that sustain any type of HVAC installed. Nowadays, some mobile homes come with their own solar panels. You might like to check them out too for cheaper and green energy source.
Fire and Wind Resistance
One of the things that you really can’t account for, regardless of where your mobile home property is located, are accidental hazards. Whether it’s fire, wind, or storm, mobile homes are vulnerable to such conditions. Sometimes an accident in the mobile home park can affect all those in the surrounding houses. Make sure you select mobile homes that have high safety systems for fire.
Another hazard is wind and storm which you have no control over. A hurricane in the area can easily wipe out the whole plot if you don’t have measures to weather such conditions. Select mobile homes that can stand the high wind speed as well as have the safe structure to ground them.
Should you need to consult someone before selecting your mobile homes for rent, we’re here to help. Just connect with one of our agents at Los Angeles Property Management Group.