Manufactured Home Park
rent Communities vs
Resident Owned Communities.
With San Diego's diminishing inventory I'm beginning to see a lot more RE Professionals delving into the Manufactured Housing Industry and have
been asked by many what I thought of rent/lease vs resident owned communities.
As a Manufactured Home Dealer, General & Manufactured Home Contractor RE Broker and Developer I'm comfortable doing both whereas a RE Professional only tends to be drawn to resident owned because it also involves the dirt.
However, there's money to be made selling in rent/lease communities as well. In fact the commissions in rent/lease are pretty generous compared tothe standard 6% on most resident owned properties.
Many Manufactured Home specialists work with minimums of $3500 regardless of the price of the mobile or manufactured home. Others if not most work on a 10% commission. But then there are even deals made where the agents make everything over a predetermined asking price.
It can be weird science at times but with a slow down in sales overall, a shortage of inventory, a downsizing baby boom generation that desires to reside in the San Diego climate, young couples starting out, folks seeking second or vacation homes and just all around affordability I'm beginning to see a lot more interest than ever before in Manufactured Home's overall.
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