Mobile Home Lot Rent
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- čas přidán 20. 08. 2024
- Most of Florida’s manufactured and mobile home parks in the resort category are land lease or resident owned communities. Often the choice of communities is based upon the mobile home lot rent. In this video we explain lot rent, how it increases over time, and some things to look for when doing park comparisons. If you are looking for the best retirement home and the phrase “affordable yet quality” comes to mind, these mobile home parks may meet your needs. Living in a manufactured home community has many advantages. Lot rent is just one piece of an overall picture regarding costs. In this video you will learn what lot rent is and how to compare it from park to park. Before you choose your Florida retirement home, you should first choose the community you will live in. Understanding lot rent will help with that choice.
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New subscriber here just wanting to say THANK YOU for the wealth of information you offer in your videos and in the links you provide. I really appreciate the time you put into all of this and I now feel better educated in my journey ahead.
You are so welcome and thanks for the kind words.
Thank you for sharing a wealth of very important information for those of us who are looking at Florida for retirement
I found one in Florida were it was $329 for lot rent for a lifetime but you had to buy a new home and has to be a block home they had mobile homes mixed in with these block homes
I assume that's one of the Spanish Lakes communities. I intend to do a video on that arrangement. I know quite a few folks living in both MH and CBS homes in these communities. They are very large and are a good deal IMHO.
Yeah that’s were we looked it was very nice there
Very informative,, tks.Russ
Glad it was helpful!
Could you do a video about renting manufactured homes, as opposed to buying? Is that an option in many places? Are there generally rent to own places? If so, how would one go about finding or inquiring about them?
I think a few of the larger players are exploring rentals. ELS comes to mind. Most rentals in these communities are folks not here for a season or a partial season. I would go through the real estate brokers listed on my website along with the online listing services such as MH Village.
@@RussellWatsonFMHL Great, thank you!
I WOULD LIKE YOUR BOOK AS SOON AS POSSIBLE. PLEASE INFORM ME WHERE I CAN GET IT. WE ARE PRETTY SURE WE WANT TO SETTLE IN FLORIDA.
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Amazing how high they can get but, that is out of reach.
Great information! Thank you!One day soon i will contact you!
If you are looking for general guidance on choosing a community, may I suggest my book: Retirement in Florida - Manufactured Homes ; The Land-Lease Option.
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To download community lists, join my Inner Circle (free)
The website offers this and many more resources for finding, purchasing, and maintaining the right home for you:
www.floridamfghome.com/Buyer-Resources We do have group meetings where you can get questions answered in our MH New Buyers course, Sign up to be notified of the next course availability here: fmhla.mykajabi.com/
Henry Ford: What appreciate buy it, what depreciate rent it. Lot rent is reserved of what Henry Ford said. :) . Have you ever seen a lot rent or HOA stay in the same price for 5 year ? NEVER !
Actually, there is a ROC near me that hasn't raised HOA fees for shareholders or lot rent fees for renters in over 5 years. I'm not sure what data you base your statement on but recheck it. And BTW, if you have a source of lot rent data, please share it here as many would love to see it.
If lot rent going up in price is a concern then should the option of moving the home to a cheaper park or your own land be considered? Im guessing the cost to move a home would be high.
You have that option, but as you point out, it's expensive. The other issue is there are very few parks willing to take in used homes - especially older ones. And, there are no parks being built. Frankly, you need to be able to afford a 3-4% increase at today's inflation rates to make this a viable deal.
@@RussellWatsonFMHL A win win situation could be the park owner could buy a home and and rent it out and make a profit,so a win. But it would also be a win for the renter because they would have the freedom to move without the burden of finding a buyer.
What rental platforms have you used? Which one stands out above the rest?
Sorry, I don't use rental platforms or even know what that might be.
Buildium, appfolio, and Yardi breeze are a few of the top rent collection platforms/softwares. Trying to pick one out of 370 available is a nightmare.
@@randyfonk575 OK - well I don't collect rents so I wouldn't know.
Can I buy a land and just rent lot spaces ?
You can, if you can find land where that is allowed under local zoning. Less than 10 lots keeps you below the threshold of being a mobile home park. You would also have to meet health department code. Finding land where this would be allowed is the difficult part.
What about the communities where you own the land?
I address that a bit more in the video I just posted. It will take a dedicated video to tell the whole story. Certainly a good choice if it fits your financial needs.
Why do none of these parks have any fences around them if you have you would like to let them go outside?