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Staying Sane While Investing in Mobile Home Parks from a Distance

Out of area mobile home park investing can be incredibly rewarding, but that doesn’t mean it without its own unique set of challenges. How can investors maximize the upside, and stay sane?

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Staying Sane While Investing in Mobile Home Parks from a Distance

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  1. STAYING SANE WHILE INVESTING IN MOBILE HOME PARKS FROM A DISTANCE

  2. Out of area mobile home park investing can be incredibly rewarding, but that doesn’t mean it without its own unique set of challenges. How can investors maximize the upside, and stay sane?

  3. The 3 Biggest Challenges of Investing at a Distance Accurate due diligence 1. 2. Effective local property management 3. Falling into the road warrior trap Do not allow the distance to take away from the enhanced returns out of area properties can offer, or the peace of mind, and lifestyle they can deliver on.

  4. Learn to Master Virtual Management From due diligence through long term annual property management those that learn to build, and effectively direct and monitor teams remotely will have a significant advantage. It cannot only bring cost efficiency, and the resulting boost to net profits, but can also improve effectiveness, and deliver on a superior lifestyle.

  5. Get the edge here by learning and implementing:  Outsourced staffing platforms like Upwork  Cloud based project management software like Basecamp and Trello  Property management tools and apps like appfolio and InfoTycoon  Internal social tools like Salesforce’s Chatter or Google tools for business

  6. Pick Parks that Match Your Lifestyle Get a solid head start to your goals by picking mobile home parks that can best deliver on your lifestyle and financial goals. If you are investing at a distance and it’s difficult to find affordable professional management locally; look for a park that isn’t going to be as management intensive.

  7. Travel Smarter With a good team and tools in place, and depending on your park, you might want to go and checkup once a quarter, or once a year. It depends on what you’re doing in your park, how work intensive the turnaround is, what the performance is like, and if you have anyone else that can go for you. Make sure to take this into account upfront, and when planning additional acquisitions.

  8. Discover the strategies, systems, and step-by-step secrets to invest in mobile home parks. Learn how you can build a portfolio of mobile home park investments to achieve wealth and financial freedom. For more information: mobilehomeinvestors.com

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