[fa icon="calendar"] 10.28.2016 / by Demetree Real Estate Services
The mobile home park is one of the most efficient and profitable property investments you can make, but you have to do it right. If you aren’t seeing the kind of return that you want to see, you might need to make a few adjustments to improve cashflow for your mobile home park investment.
As a property/business owner, you know that there are two basic components to increasing cash flow: cutting costs and raising revenue. To begin, we’ll start with how you can cut costs and trim the fat on your mobile home park investment.
Running a mobile home park is expensive. There are lots of ways you can cut back on costs and improve the cash flow of your investment. Some of these methods can include:
- Investing in property management software
- Hiring a good, reliable handyman
- Submetering the utilities
After you have trimmed some of the fat and cut back on unnecessary expenses, you can start looking for ways to improve revenue. For example, you can:
- Raise rents every year
- Provide amenities
- Capture late charges and other fees
About Demetree Real Estate Services
Demetree Real Estate Services has been serving owners of the mobile home park industry for over 40 years. Our mission is to deliver increased cash flows and profitability to mobile home park property owners while bringing the industry’s best customer service to mobile home park residents.