Tag: average mobile home lot rent 2024

10 Florida Mobile Home Parks with the Lowest Lot Rents
Living in Florida offers sunshine, warm weather, and the allure of beach life. However, for many, the cost of traditional housing can be a barrier. Fortunately, mobile home parks provide an affordable alternative, allowing residents to enjoy the Sunshine State without breaking the bank. This article explores 10 Florida mobile home parks known for their budget-friendly and lowest lot rents.

Finding the Right Park

Before diving into the list, it’s important to remember that lot rent is just one piece of the puzzle. Consider factors like park amenities, age restrictions, and proximity to desired locations. Additionally, advertised rent might only include some fees. Be sure to inquire about additional charges for utilities, trash collection, or amenities.

Top 10 Budget-Friendly Mobile Home Parks in Florida
1. Horizon Village Co-Op (North Fort Myers): This resident-owned cooperative boasts a strong sense of community alongside some of the lowest lot rents in Florida. Estimated monthly lot rent: $300-$400.
2. Pine Tree Park (Deerfield Beach): Situated near the beach and offering a variety of amenities, Pine Tree Park caters to residents 55 and older. Estimated monthly lot rent: $400-$500.
3. Orange Acres Mobile Home Park (Sarasota): This all-ages park is centrally located in Sarasota, with easy access to shopping and dining. The estimated monthly lot rent is $350-$450.
4. Lady Lake Mobile Home Community (Lady Lake): Located near The Villages retirement community, Lady Lake attracts residents of all ages seeking a peaceful and affordable environment. The estimated monthly lot rent is $300-$400.
5. Palm Haven Mobile Home Park (Sebring): This quiet park in Sebring provides a relaxed atmosphere for residents 55 and older. The estimated monthly lot rent is $300-$400.
6. Country Village Mobile Home Park (Wauchula): This all-ages park boasts a friendly atmosphere and a convenient location near I-75. The estimated monthly lot rent is $250-$350.
7. Sunshine Mobile Home Park (Fort Myers): This all-ages park offers a variety of lot sizes, basic amenities, and a central location in Fort Myers. The estimated monthly lot rent is $350-$450.
8. Colony Cove Mobile Home Park (New Port Richey): This all-ages park offers a mix of amenities and a convenient location near Tampa Bay. The estimated monthly lot rent is $300-$400.
9. Westwind Mobile Home Park (Dunedin): This all-ages park offers a peaceful setting near the Gulf Coast with easy access to Dunedin’s charming downtown. The estimated monthly lot rent is $400-$500.
10. Lakeview Estates (Lake Wales): This all-ages park provides a scenic setting near several lakes and offers basic amenities. Estimated monthly lot rent: $250-$350.
Important Considerations

Remember, these are estimated rent ranges, and actual costs can vary. Always contact the park directly to confirm current rates and any additional fees.

Beyond Lot Rent

While lot rent is a significant cost factor, consider other expenses associated with mobile home living. These may include:
- Mobile home purchase or lease: The cost of the mobile home itself can vary greatly depending on size, age, and condition.
- Utilities: Electricity, water, and sewer costs will depend on usage and park policies.
- Maintenance: Budget for routine maintenance of your mobile home and any park-required maintenance fees.
Living the Florida Dream

Mobile homes in Florida offer a chance to enjoy the state’s sunshine and lifestyle at an affordable cost. By carefully considering factors like lot rent, park amenities, and overall expenses, you can find a mobile home community that fits your budget and lifestyle, allowing you to embrace the Florida dream.

Disclaimer: The information provided is for informational purposes only and should not be considered financial advice. Always conduct your research and due diligence before entering any lease agreement.

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June 19, 2024
How Is Back Lot Rent Paid On A Sarasota Mobile Home?
Do you know how to pay back the lot rent owed on a Sarasota mobile home that you’re planning on buying?

We are currently in the exact situation with a Buyer who is looking to purchase a listing that we have had for a few weeks on a property that is located in Sarasota County.

The Seller came to us with a sudden life change.

Their father had passed away, unfortunately, and they were looking to sell the mobile home for him after the property had gone through the probate process.

During the time the home was in probate and the father had passed away, no one had been paying the lot rent on the property. Although this is not terribly uncommon, this does cause an issue with the current owner’s family, since they are still responsible for the lot rent even though the father had passed away.

The reason why this is so is that the mobile home is still sitting on a lot that the mobile home park owns.

Each lot that is being used within the mobile home park for the purpose of having a home residing on it is required to pay the park each month through their lot rent.

Many parks will require that whoever owns the home is required to pay the lot rent, regardless of if anyone is living in the home since it is physically taking up a space within the community.

The family was not aware of this, as their father was the only one living in the home and the other family members had no experience with how mobile home parks were run prior to this situation. With all of this taken into consideration, the family owed the park six months of back lot rent since they found out that they had not been getting paid.

That totaled around $5,000!

The park began the process of evicting the home after the fifth month, as this was part of the company policy for unpaid lot rent.

The family, facing the eviction process, needed the home sold quickly and contacted us at The Mobile Home Dealer.

Prior to marketing the home for sale, we contacted the park to get an exact amount that was owed on the home for back lot rent. We asked to receive this exact amount on their company letterhead so there was no confusion.

Mobile home park

We utilized our marketing methods and found an interested Buyer for the mobile home that was needing to be sold.

After getting an agreed-upon price on the home with a park-approved buyer, we went to close on the property.

The sale price of the home was divided into three parts. The first part was to be paid to the mobile home park directly for all of the back lot rent that was owed for the home that was still sitting on that lawn. The second amount was paid to The Mobile Home Dealer as our brokerage fee. The remaining amount was paid to the family directly

There are several reasons why mobile homeowners fail to pay their lot rent on time and not just because of money. In some cases, owners who are not living in their mobile homes while selling them will miss a lot of rent payments. These payments accumulate over time especially when the mobile home is sitting for sale on the market for a long period of time. Some owners also refuse to pay lot rent while they are not living in their mobile homes. This is not an ideal attitude and attracts trouble but unfortunately, some homeowners do this, often ending up either losing their property or selling at a very low price.

Over a dozen times just this year have we been able to sell the home for the Seller who is in default of their lot rent and still get them some money while at the same time paying the park what they are owed.

The way we do this is we get a ledger from the park stating exactly what is owed on the home, we then sell the home to a park-approved resident, and before the Seller receives any money for the sale of the home the park gets paid in full for the owed back lot rent.

Having the sale handled this way gets the park paid, ends the legal proceedings against the Seller, and gets the Seller some money for their home.

By not following this basic process many times the Seller will have legal action taken against them for the back lot rent while at the same time getting their home repossessed by the park which doesn’t want the home in the first place.

If you are running behind on your lot rent and are looking to sell your mobile home don’t be concerned as we will be more than happy to help you navigate the process!.

Lastly, the average monthly cost of lot rent for a mobile home is $200 to 800600, but this number can change based on the location and amenities of the park.
For example, a mobile home park in a rural area with few amenities may have lot rents as low as $100 per month, while a luxury park with many amenities could have rents upwards of $1,000 per month.
Lot rent typically covers the cost of maintaining common areas like roads, landscaping, and playgrounds, as well as utilities like water and sewer.
In some cases, it may also include trash service and cable TV. Before signing a lease for a mobile home lot, be sure to ask the landlord about what exactly is included in the monthly rent.

When buying a mobile home with back lot rent, be prepared to pay the park directly all remaining rents that have not been paid.

Make sure you have written documentation from the park stating exactly what is owed so that when you buy the property there is no confusion on what is owed to bring the home back into good standing within the mobile home park.

This is Mark Kaiser with The Mobile Home Dealer, and we help mobile home buyers and sellers get to a better place in life.

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January 29, 2024
Lot Rents for Mobile Homes in Florida: What You Need to Know
Welcome to the sunny state of Florida, where mobile home living offers an affordable and convenient lifestyle for many. If you’re considering joining the ranks of mobile homeowners in the Sunshine State, there’s one important aspect you need to know about lot rents. These fees can vary widely depending on a variety of factors, and understanding them is crucial when making your decision. In this article, we’ll dive into what determines lot rent prices in Florida, what these fees typically cover, and provide you with some insights into the average lot rents as of 2023. So sit back, relax, and let’s explore everything you need to know about lot rents for mobile homes in Florida!

Mobile Home Park, also called “Trailer Park” in Florida

What Is a Mobile Home Lot Rent?

A mobile home lot rent is the designated space within a mobile home park where your manufactured dwelling will be situated. It’s essentially your little slice of paradise, providing you with an area to call your own amidst the larger community. These lots can vary in size and shape, but they typically offer enough space for your mobile home, a small yard, and sometimes even a driveway.

When choosing a mobile home lot, it’s important to consider factors such as location within the park and proximity to amenities. Some people prefer lots that are tucked away in quieter corners of the park, while others may enjoy being closer to communal areas like swimming pools or playgrounds.

The layout and maintenance of the lot also play a role in its appeal. A neatly manicured lawn with well-maintained landscaping can make all the difference in creating an inviting outdoor space for you and your family.

Additionally, some parks offer upgraded amenities such as private patios or sheds on their lots. These added features can enhance both functionality and overall enjoyment of your living experience.

Selecting the right mobile home lot is essential for creating a comfortable living environment that suits your needs and preferences. So take some time to explore different options within various parks until you find one that feels like just the right fit!

What Factors Affect the Price of Lot Rent?

When it comes to the cost of lot rent for mobile homes in Florida, there are several factors that can affect the price. One of the main considerations is the size of the lot itself. Larger lots generally come with a higher price tag, as they offer more space and potential for outdoor living.

Maintenance is another key factor that can influence lot rent prices. Mobile home parks that invest in regular upkeep and landscaping may charge slightly higher rents to cover these expenses. After all, maintaining a clean and appealing environment enhances residents’ overall experience.

Amenities and upgrades also play a role in determining lot rent costs. Parks with extensive amenities such as swimming pools, fitness centers, or community spaces tend to have higher monthly fees compared to those with limited facilities.

Nearby development can impact lot rent prices as well. If a park is located in an area experiencing significant growth or redevelopment, demand for housing may be high, leading to increased rental rates.

It’s important to remember that each mobile home park sets its own pricing structure based on these various factors. Therefore, it’s essential for prospective tenants to do their research and compare different options before making a decision about where to live.

What Does Lot Rent Cover?

Each mobile home park may have slightly different amenities and services included in the lot rent, so it’s always best to check with the specific park you are considering.

One of the most common things that lot rent typically covers is access to basic utilities such as water, sewer, and trash removal. These essential services ensure that you have everything you need to live comfortably in your mobile home.

In addition to utilities, many mobile home parks also offer amenities for residents to enjoy. These can vary widely depending on the park but often include features like swimming pools, community centers or clubhouses, playgrounds for children, and even fitness facilities.

Some parks may also provide maintenance services for common areas and landscaping upkeep. This ensures that the overall appearance of the community remains attractive and well-maintained.

It’s worth noting that while some parks include these amenities in their lot rent fees, others may charge additional fees for certain amenities or require residents to pay separately if they choose to use them.

Understanding what is covered by lot rent is essential when budgeting for your living expenses in a mobile home park. It allows you to accurately assess whether the price of a particular rental lot aligns with your desired level of comfort and convenience.

Mobile Homes Like this can Secure a 21st Mortgage Financing

What is the Average Lot Rent in Florida as of 2023?

As of 2023, the average lot rent for mobile homes in Florida can vary depending on various factors. These factors include the location of the park, amenities provided, size and condition of the lot, nearby development, and overall demand in the area.

In popular tourist destinations or areas with high property values such as Miami or Orlando, you can expect higher lot rents compared to smaller towns or rural areas. The cost of living and demand for housing play a significant role in determining rental prices.

Amenities offered by mobile home parks also impact lot rents. Parks that provide additional facilities such as swimming pools, fitness centers, community centers, and playgrounds tend to charge higher rents compared to parks with minimal amenities.

The size and condition of the lots within the park also influence pricing. Larger lots may come at a premium while well-maintained lots may have slightly higher rents than those requiring more maintenance.

Nearby development can affect lot rents as well. If there are new shopping centers or entertainment venues being built nearby, it could drive up demand for housing in the area and subsequently increase lot rents.

While it is challenging to pinpoint an exact average for lot rent in Florida as it varies greatly from one location to another, according to recent data available before 2023 (source), some estimates suggest an average monthly range between $400-$800 per month.

Remember that these figures are only meant to give you a rough idea; actual prices will depend on specific circumstances. It’s always best to research individual parks when considering moving into a mobile home community so you can get accurate information about current rates.

If you’re looking for affordable living options in sunny Florida renting a mobile home lot provides an excellent opportunity – just make sure you consider all relevant factors before making your decision!

Conclusion

Understanding lot rents for mobile homes in Florida is essential when considering the affordability and overall cost of living in a mobile home park. The factors that affect lot rent prices can vary widely, including the size of the lot, maintenance requirements, available amenities, and upgrades, nearby development projects, and more.

It’s important to remember that while lot rent covers various expenses such as water, sewer services, trash removal, and sometimes even lawn care or community upkeep costs like road repairs or landscaping. However, it’s crucial to clarify with the park management what exactly is included in your specific monthly payment.

By being well-informed about the average lot rents for mobile homes in Florida as well as understanding what factors influence those prices – you’ll be able to make an educated decision that fits within your budget while providing access to desirable amenities and convenient location options. Happy house hunting!

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September 28, 2023
How Much Should You Budget For Your Sarasota Florida Mobile Home Lot Rent Increase?
Ahh yes, lot rent, the monthly payment that is owed to the mobile home park where your Sarasota Florida mobile home is located for the usage and upkeep of the property that your mobile home resides on.

A necessary evil for all Sarasota Florida mobile homeowners.

For those of you who are new to the blog, let’s briefly review what lot rent is and what lot rent is not.

When buying a mobile home within the greater Sarasota Florida area, within a mobile home park on leased land then lot rent will be paid to the park each and every month you reside in that mobile home park.

Lot rent is the amount of money that is paid so that you have the usage of the land that your mobile home resides on.

Most parks throughout the greater Sarasota Florida area will include various other fees within the lot rent such as your water bill, sewer bill, trash bill, usage and upkeep of the park amenities, and even lawn care.

As one can see, you do get quite a bit of bang for your buck with the lot rent fee when living in a mobile home around the Sarasota Florida area.

It would be fair to expect that lot rent will increase each and every year you reside in the land-leased mobile home park.

Generally speaking, lot rent will increase somewhere in the neighborhood by 3%-5% annually.

This increase will help the mobile home park offset the expenses associated with the increased fees they are seeing from their vendors who cut the grass, service the onsite amenities and the increased county expenses associated with the water, sewer, and trash bills that are included in your lot rent.

Obviously, this is only a gauge when estimating the increase as much of this increase is based on the overall inflation numbers that the economy is seeing.

Within the state of Florida, it is mandatory that the mobile home park provide at least a 90-day notice to all of their residents of the upcoming lot rent increase. This will be greatly appreciated so you as a mobile home owner within the Sarasota Florida area do not get caught off guard with an increased payment that you were not expecting.

Most mobile home parks within the Sarasota Florida area will increase their lot rent at the start of the year so make sure you are on the lookout for the letter stating what, if any, increase there will be and for how much sometime in the early Fall of the current year.

Lot rent will be a continued fee that mobile homeowners who reside in a mobile home park on leased land will need to pay.

The important part of this payment is the ability to plan your financials around the increase so that you are not caught off guard by the yearly increase and then in a position where you are not able to afford to live in the mobile home of your dreams within the Sarasota Florida area!

Why does lot rent cost continue to increase?

In a nutshell, the demand for mobile homes is increasing. As the pandemic progresses, young adults who had taken refuge with their parents are moving out. People who had roommates now want to live alone. Couples who are separated or divorced each need their own place.

“During the last year, households began to divide into smaller homes,” said David Bane, analyst of Florida Mobile Home Community, an online market and community for Florida mobile homes.

“People realized that they wanted their own space and flexibility, so suddenly there are people who would have shared housing in a normal environment looking for individual units.”

At the same time, the availability of new mobile homes has stagnated. The interruptions of supply chains, combined with the shortage of workers and materials, have caused generalized construction delays.

The number of American homes grew by 1.48 million last year, according to census data, as more people branched on their own.

The real estate market and the mobile home sector have become highly competitive during the pandemic. The average sale price of a house increased almost 17% last year to a record of $81,700, according to the National Manufactured Home Owners Association (NMHOA).

But as the rich acquired second houses and investment properties, housing is increasingly out of the reach of many others.

The rough estimates that almost 1 million American tenants were left out of the housing market last year, due to the increase in prices and competence of cash offers.

As a result, the mobile housing buyers sector for the first time has decreased to a minimum of eight years, which means that more people are renting for longer than expected. That has given the park owners and companies a wide margin to increase rentals.

At the beginning of the pandemic, there were cities, states, and companies that established limits to rental increases and, in some cases, frozen prices completely.

The pandemic has caused drastic changes in the way people work and live. Among them is the opportunity for white-collar workers, particularly in high-salaried industries such as technology and finance to work from anywhere

As a result, experts claim that there are workers who move from expensive hot spots, such as San Francisco and New York City, to more affordable enclaves, such as Texas, Tennessee, and Florida.

“That richest demographic group is generating much of the heat in the mobile home market at this time because they are the ones that have the dollars to spend and compete for the limited inventory that exists,” said David Bane.

Having said that, not only are lot rents increasing in mobile home parks in the Sarasota Florida area, but also all types of property rentals that include apartments and traditional houses.

This is Mark Kaiser with The Mobile Home Dealer and we help mobile home Buyers and Sellers get to a better place in life.

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September 25, 2023