Portable Classrooms For Sale Minneapolis MN
Section 320.01, Florida Statutes, defines recreational vehicles as units primarily designed as temporary living quarters for recreational, camping or travel use having either contained motive power or mounted on or drawn by another vehicle. A certificate of title is not required for slide-in campers, modular homes, add-a-rooms, port-a-rooms or utility trailers under 2,000 pounds. However, trailers weighing 2,000 pounds or more must be titled.
Most managers who do not live in mobile home parks have great difficulty understanding the mentality and choices of your customers. Due to this communications gap, many individuals who have successfully managed apartments or other properties have trouble replicating that success in a park.
Now this is where subjectivity comes into play. I remember not too many years ago you could buy 50 -100 unit mobile home parks valued in the 12 – 14% cap rate range. It is hard to find these deals anymore. Add into that the fact that the interest rates were so low for the last few years and the 12-14 caps are now 7-10 caps. The demand for good quality mobile home parks is and has been much greater than the supply. There are even stabilized parks that I have seen purchased for 5 & 6 percent caps. These were not just for redevelopment purposes either.