Professional management – Property management companies are available for properties of all sizes, although smaller properties are typically self-managed due limited economies of scale. As you scale in to larger properties, you can afford full time property management as well as software systems for accounting and other services.
One Roof / location – If you own 50 single family homes, they are not likely to be centralized in one location. It’s a lot easier to maintain one property, than dozens.
Deal Flow –There are significantly more apartments than mobile home parks. There is no official count, but it is estimated there are approximately 50,000 mobile home parks in the US, with more sites getting repurposed than new ones constructed. This compares to the 2 million apartment properties across the country with over 21 million apartments.
Less lender resistance to asset class – While mobile home parks have gained popularity, they are still not as well understood as apartments. More lenders are willing to lend capital for this asset class
HUD Loans – The government wants to ensure there’s access to affordable housing; one way they achieve this is by providing access to attractive financing through HUD FHA loans.
