- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: how profitable is owning a trailer park?
Posted on 12/4/17 at 9:53 am to TigersHuskers
Posted on 12/4/17 at 9:53 am to TigersHuskers
I know someone who has one that his parents started as a retirement gig.
It has about 45 slots, they own about 20 trailers in there and their tenants are mostly old folks.
They have a live-in caretaker and need to be around for the first ten days of every month to pick up rents.
Pretty good revenue flow, steady money and a high percentage of ca$h.
It has about 45 slots, they own about 20 trailers in there and their tenants are mostly old folks.
They have a live-in caretaker and need to be around for the first ten days of every month to pick up rents.
Pretty good revenue flow, steady money and a high percentage of ca$h.
0
Posted on 12/4/17 at 9:54 am to TigersHuskers
a friend of mine owns 2 75 lot parks. He rents the space and has a washateria and little convenience store on sight. He makes around 225 a year.
The collecting of rent is a bitch but he always seems to be playing golf.
The collecting of rent is a bitch but he always seems to be playing golf.
Posted on 12/4/17 at 9:59 am to TigersHuskers
Depends will these Trump voters own the trailer and just rent the land or will these Trump voters be renting your trailer?
Posted on 12/4/17 at 9:59 am to TigersSEC2010
quote:
Sell cigs and beer and you're golden.
Don't forget the lottery cards
Posted on 12/4/17 at 10:05 am to TigersHuskers
Rent the spaces not the trailers!
Posted on 12/4/17 at 10:14 am to I B Freeman
I own three rental homes and yikes. I can't even imagine owning a trailer park.
I'm picky as frick about who I rent to, and I'm a major a-hole about upkeep and neatness.
I'm picky as frick about who I rent to, and I'm a major a-hole about upkeep and neatness.
Posted on 12/4/17 at 11:00 am to HeyHeyHogsAllTheWay
I have designed a few of them for clients. They do extremely well. Most of the money is paid in cash and they pocket it and pay fewer taxes. They aren't glamorous to own but make plenty of money when run properly.
Posted on 12/4/17 at 11:43 am to CroakaBait
quote:
There’s a trailer park a few miles from me where the entrance is flanked on both sides by two mini-mall buildings that house a tattoo parlor, a convenience store, a bar, a liquor store, a hair salon and a tanning salon.
White trash Disneyland.
The owner is an entrepreneurial genius
Posted on 12/4/17 at 11:49 am to baldona
quote:
This is where you own within 1 mile of a school, no sexual predators allowed.
This is exactly where you're wrong, from an ease of management standpoint. A kid free trailer park catering to sexual predators is the best way to do it. They have VERY few options, and they NEVER miss rent because they have basically nowhere else they can go, even if you're charging double the lot rent of other nearby parks.
Posted on 12/4/17 at 12:00 pm to TigersHuskers
Yes. Also out a check cashing business and a bail blinds next door.
Posted on 12/4/17 at 12:03 pm to CroakaBait
quote:
There’s a trailer park a few miles from me where the entrance is flanked on both sides by two mini-mall buildings that house a tattoo parlor, a convenience store, a bar, a liquor store, a hair salon and a tanning salon.
White trash Disneyland.
Sounds like most every military base in the US.
Posted on 12/4/17 at 12:33 pm to TigersHuskers
I knew a guy who owned a few in a Pearl River. Walked around in a jumpsuit all day everyday but was a millionaire.
He too seemed to be a no nonsense landlord. I believe he had a super strict policy on late rent. If the tenant was late, it was a quick turnaround to be evicted. All of his parks were paved and kept up nicely.
He too seemed to be a no nonsense landlord. I believe he had a super strict policy on late rent. If the tenant was late, it was a quick turnaround to be evicted. All of his parks were paved and kept up nicely.
Posted on 12/4/17 at 12:34 pm to TigersHuskers
Don't trailer park managers mostly get paid in bj's?
Posted on 12/4/17 at 12:36 pm to TigersHuskers
Better to just develop one and sell the parcels with financing. Huge profits. 16% interest rates.
Posted on 12/4/17 at 12:39 pm to Obtuse1
quote:
quote:
There’s a trailer park a few miles from me where the entrance is flanked on both sides by two mini-mall buildings that house a tattoo parlor, a convenience store, a bar, a liquor store, a hair salon and a tanning salon.
White trash Disneyland.
Sounds like most every military base in the US.
Add a sheisty used car dealership and you'd be 100% correct
Posted on 12/4/17 at 1:04 pm to TigersHuskers
I don't know about a good "get rich quick" thing. Not sure if there is a real thing.. legally. but it can be profitable, but like any business you have to not be lazy.
The guy my mom is married to.. His family has a few trailer parks, there are several people in each one they have to go collect from on a regular basis. You are going to get random calls all hours. If there is a renter who has all kind of shite going on at his place.. Like if he brings home some other dude's wife and the husband finds out where that guy lives and at 3AM in the morning there is a big knock down drag out outside and the cops have to come out.. For the third time in two weeks.. People like that you probably have to go tell them to get the frick out.
The guy my mom is married to.. His family has a few trailer parks, there are several people in each one they have to go collect from on a regular basis. You are going to get random calls all hours. If there is a renter who has all kind of shite going on at his place.. Like if he brings home some other dude's wife and the husband finds out where that guy lives and at 3AM in the morning there is a big knock down drag out outside and the cops have to come out.. For the third time in two weeks.. People like that you probably have to go tell them to get the frick out.
Posted on 12/4/17 at 1:12 pm to CaptainBrannigan
quote:wtf are you babbling about trump for?this thread is about trailer parks...so either share you and your mothers trailer park stories or don't.
Depends will these Trump voters own the trailer and just rent the land or will these Trump voters be renting your trailer?
Posted on 12/4/17 at 1:13 pm to TigersHuskers
I am not sure about owning but my friends father is an exec for a company that owns hundreds and manages thousands of parks and he makes absolute BANK. Their home in Paradise Valley is in the 3-4 million dollar range and they also own a second home in the best area of Cabo that is over 8000 square feet.
Their homes are so big that my 39 yr old friend still lives at home even though he makes a great living because he basically has his own wing in both homes and can work remotely in whichever home they are not in. That allows him to do half the year in Cabo and half the year in PV while living in mansions so he always says he is never leaving!
Their homes are so big that my 39 yr old friend still lives at home even though he makes a great living because he basically has his own wing in both homes and can work remotely in whichever home they are not in. That allows him to do half the year in Cabo and half the year in PV while living in mansions so he always says he is never leaving!
Posted on 12/4/17 at 1:20 pm to lsu480
Your friend might be the ultimate soy boy but that sounds like a pretty dope life, not going to lie.
Posted on 12/4/17 at 1:22 pm to TigersHuskers
My FIL is huge mobile home dealer and has had several mobile home parks. Very lucrative and they are "nice" by general standards
Page 3 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News