20 May 2022
Mobile Home Park University is an organization that runs a boot camp to help investors looking to buy these parks.
According to them, “the fact that tenants can’t afford the $5,000 it costs to move a mobile home keeps revenues stable and makes it easy to raise rents without losing any occupancy.”
“If they can’t afford the land rent and they get displaced, they end up losing their homes as well, and they end up having to abandon their homes and their homes end up falling into the ownership of the park owners who can then rent them to somebody else,” McCarthy said.