So, let me guess: You own a mobile home or are purchasing one and want to look at a mobile home renting that property out so you can offset the carrying costs when you’re not living in it.
Does that sound like your situation here today?
If it does, then great! This is a fantastic way to offset the cost of your Florida home by making income off of the property, making it an even more affordable place to live as a second home, a vacation home, or your eventual retirement property!
Many times, homeowners will make enough money from their rental income to live in their Florida property for free year-round!
But first, let’s address the situation where you own the home and are looking to rent it out, just so you know exactly what you’re getting involved in.
Most parks with mobile homes and lease land throughout Florida will allow the property owner to rent the home out. The reason for this is that the home is your personal property in Florida, and most parks feel that this is well within your ownership rights to be able to rent it out if you do so.
However, there are some parks throughout greater Sarasota that will not allow rentals of any kind.
If the park that your home is in does not allow rentals, make sure you double-check with the park manager or owner to see if there are any exceptions as, most of the time, what the park is looking to avoid is an Airbnb situation where folks come in and out of the park on a nightly basis. Many times if you explain that you are looking to rent the home for a few months at a time or even year-round, then the managers will have a much better idea of what you are looking to do so that the park does not turn into some transient nightly location where residents come and go daily.
Either way, check with the park first to fully understand what is allowed and what is not before having a renter move into your mobile home.
Most parks require a monthly minimum to rent the property out. We continue to see this around the Sarasota area, with the minimum being somewhere between three and four months. This is required so that the park does not give off the feeling of a large hotel with guests coming and going regularly.
Most of these renters will usually need to be park-approved by the park to rent the property physically.
If the renting tenant is not approved by the park, the park usually does not allow that person to live in the park during a rental period.
Most owners will not turn the utilities over to the renter simply because they want to continue to pay the utilities themselves. Instead, they will take the rental money and then pay the utilities and the lot rent each month out of the money that they are collecting from the renter.
When pricing your mobile home rental, it is always a good idea to take into account the cost of the lot rent, your average utility cost, and the amount of profit you hope to make. Use that as a basis to create what you want to rent your home for. By doing this, you will be able to determine just how profitable your mobile home can be should you decide to use it as a rental!
We hope this helps give you a much better idea of how to rent your mobile home when you’re looking to help offset the costs associated with owning the property.
Mobile home park
A major reason for owning a mobile home is to have a home for yourself and your family to live in. However, mobile home ownership isn’t limited to those who want a place for their residence. If, for whatever reason, you’re not living in your mobile home, you may be thinking of other options to put it to good use. So, you’re wondering if you can rent out a mobile home?
Who rents your mobile home could make a difference. Ideal renters would treat your home like it’s their own and wouldn’t damage the home other than normal wear and tear from living.
However, consider how your renting situation could be affected if you end up with renters who:
– don’t take adequate care of the house (for example, don’t notify you when leaks occur or something breaks)
– don’t pay on time (or don’t pay the full rental amount or simply don’t pay at all)
– leave unexpectedly (expecting you to clean out the mobile home and remove furniture left behind)
– you end up having to evict (sometimes a difficult process).
To sum up, be advised that who rents your home is an important consideration. Also, as you consider renting out the mobile home, consider your location – our next point
We hope this helps give you a much better idea of how to rent your mobile home when you’re looking to help offset the costs associated with owning the property.
This is Mark Kaiser with The Mobile Home Dealer. We help mobile home Buyers and Sellers improve their lives.
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