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How You Can Improve Cash Flow for Your Mobile Home Park

[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.

Cutting Costs

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

Raising Revenue

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.

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Topics: Mobile Home Park

Demetree Real Estate Services

Written by Demetree Real Estate Services

Demetree Real Estate Services has been specializing in providing property management, leasing, development, consulting and construction management services to property owners throughout Florida. We provide the broadest array of commercial real estate services in the market. Our seasoned team is connected and well informed with specialized expertise in delivering service for office, retail, industrial, multi-family, self storage and mobile home park properties.