Any posters own trailer parks?

I am sure you already know this, but lots of big time investors own trailer parks. They typically own many and do well. There are all types of niches, some even cater to convicted felons. They typically do very well. I would just check ordinances to make sure there is not a reason the person is selling. As someone else said, they are typically cash cows, so why is the company selling?

If you do, and there is demand for an RV park in that area, throw out the tenants as quickly as you can and convert it. Most of your infrastructure would already be in place. You could charge waaay more money. You'd have a better quality of tenant and it is likely much easier to evict someone, depending on the laws in that area.

I know someone with trailer park ownership. It is a very good investment but also takes alot of work if you do not have a management company. There are common grounds to maintain, septic tanks, water well, tenant complaints, tenants not paying (this is prob. the lowest grade tenant you will have as far as rentals go and reliability of getting rent, not trying to knock the people themselves). If you can budget in paying a management company and the numbers work then that's the way to go. I know people that have done very well investing in trailer parks.

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I’ll keep him at least for 6 months are so

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What could go wrong?

My cousin owns a run down apartment complex that got qualified as section 8, he's rolling now.

I assume the government pays him per tenant monthly so it's like an guaranteed annuity.


Can a trailer park qualify as section 8 ?

Family had a small park growing up (maybe 8 trailers slots, land only/didn’t own the trailers). Wasn’t worth the hassle. I think you have to scale it to at least 30 slots to make it worth your time. It’s hard to get rent, much less late fees, from someone with no money. And when you move to evict, they don’t have money to move the trailer and it’s falling apart so badly that you don’t want to take ownership of the trailer/not worth it to fix it up.

RV park for plant workers (if near industrial area) sounds like a better idea. Or limit the trailers to models 2010 or newer or something like that. As with all rentals, tenant selection is key. Our little park was more of a “poor white trash” park (guys on disability, etc). Shoot for the “plant worker baw” demographic.

This was back in the ‘80’s so I’m sure a lot has changed since then.

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My cousin owns a run down apartment complex that got qualified as section 8, he's rolling now.

I assume the government pays him per tenant monthly so it's like an guaranteed annuity.


Can a trailer park qualify as section 8 ?

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I think the issue with section 8 is they come and dictate what the condition of your rental should be but you have to put up with the lowest common denominator destroying your stuff.

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I think the issue with section 8 is they come and dictate what the condition of your rental should be

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they do an inspection beforehand.

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but you have to put up with the lowest common denominator destroying your stuff.

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The few tenants i have had with assistance i had zero problems with.

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The few tenants i have had with assistance i had zero problems with.

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It’s not an easy process to get into Section 8 type of programs, so most people that get it know they need to follow the rules. Especially those that truly need it.