Tag: mobile home parks with cheap lot rent

  • Mobile Home Park Lot Rental Rates in Florida: What to Expect

    Mobile homes have long been an affordable housing option for people seeking cost-effective living arrangements. In Florida, where the warm climate and a strong retiree population drive demand for affordable housing, mobile home parks are an attractive option for many. However, understanding the cost of renting a lot in a mobile home park is critical for both prospective homeowners and investors. This article provides a comprehensive overview of mobile home park lot rental rates in Florida, factors influencing these rates, and what to expect when choosing a lot for your mobile home.

    mobile home park lot rental rates

    What is a Mobile Home Lot Rental?

    Before diving into the specifics of rental rates, it’s important to understand what a mobile home lot rental entails. When you purchase a mobile home in Florida, you typically have two options: owning the land beneath your home or renting a lot in a mobile home park. In the latter case, you own the home itself but lease the land where it sits. This arrangement is common in Florida due to the abundance of mobile home parks designed to provide a community-oriented living experience.

    In these parks, the monthly lot rent usually covers the space where the home is placed, as well as access to park amenities such as clubhouses, pools, and maintenance services. Lot rent varies widely based on several factors, including location, amenities, and the type of community.

    Average Mobile Home Park Lot Rental Rates in Florida

    Mobile home park lot rental rates in Florida vary significantly based on the park’s location, amenities, and overall market conditions. On average, lot rents in Florida can range from $300 to over $1,000 per month.

    Low-End Rental Rates

    In more rural or less sought-after areas, lot rents typically fall on the lower end of the spectrum. You can expect to pay between $300 and $500 per month in smaller communities or parks located further from major cities and tourist destinations. These parks may have fewer amenities, such as basic utility hookups and limited community spaces, but they offer an affordable living option for those looking to save money.

    Mid-Range Rental Rates

    In more desirable areas, such as smaller cities or towns within commuting distance of larger metropolitan areas, lot rents tend to be in the $500 to $800 range. These parks often offer a good balance of affordability and amenities, with features such as clubhouses, swimming pools, and well-maintained common areas. For example, mobile home parks in towns like Ocala, Kissimmee, or Lakeland may fall within this price range.

    High-End Rental Rates

    Mobile home parks located in high-demand areas, such as coastal regions, retirement communities, or near popular tourist destinations, typically have lot rents ranging from $800 to $1,200 or more per month. These parks often boast luxurious amenities, including resort-style pools, fitness centers, and recreational activities. Communities in places like Naples, Sarasota, or along the Gulf Coast are likely to charge these higher rents due to their prime locations and high demand for housing.

    Factors Influencing Lot Rental Rates in Florida

    While the general price range for lot rents is useful, there are several factors that can influence how much you will pay for a mobile home lot in Florida.

    1. Location

    Location is the most significant factor affecting lot rental rates. Mobile home parks located in desirable areas, such as beach towns, close to major cities, or near popular tourist destinations, tend to have higher rents. Proximity to shopping, healthcare facilities, and entertainment options can also drive up lot prices. For example, parks located near Miami or Orlando will generally have higher rents than those in rural inland areas.

    2. Amenities

    The amenities offered by a mobile home park can significantly impact rental rates. Parks that offer premium amenities such as swimming pools, fitness centers, gated security, and organized community events tend to charge higher lot rents. Parks with minimal amenities will typically have lower rental rates.

    For example, a mobile home park that offers a clubhouse, gym, tennis courts, and a marina will charge higher rent than a park that only provides basic utilities and common space.

    3. Age-Restricted Communities

    Florida has a large number of age-restricted mobile home parks, particularly for the 55+ demographic. These parks are often tailored to retirees and seniors, with amenities and services designed for an active and social retirement lifestyle. Lot rents in these communities tend to be higher than in all-ages parks due to the specialized amenities, such as golf courses, shuffleboard courts, and organized events.

    4. Type of Park

    Whether a park is a resident-owned community (ROC) or investor-owned can also influence lot rental rates. In resident-owned communities, homeowners collectively own the park, and lot rents may be lower as there is no external landlord seeking to profit from the rent. However, in investor-owned parks, the goal is often to generate income, and lot rents may be higher to reflect market conditions and park maintenance costs.

    5. Length of Lease

    Some mobile home parks in Florida offer leases of varying lengths. A longer-term lease may lock in lower rates, while shorter-term leases may result in more frequent rent increases. It’s important to review the terms of your lease agreement carefully and understand any potential rent increases over time.

    6. Utilities and Additional Costs

    Some mobile home parks include utilities such as water, sewer, and trash removal in the lot rent, while others charge these services separately. When comparing lot rents, it’s essential to ask whether utilities are included or if they will be billed separately. This can significantly affect your overall monthly expenses.

    Hidden Costs and Rent Increases

    When renting a lot in a mobile home park, it’s important to be aware of potential hidden costs and rent increases. Florida law requires landlords to provide mobile home owners with at least 90 days’ notice of any rent increase, but the amount of the increase can vary based on market conditions and park maintenance needs.

    In addition to the base rent, some mobile home parks may charge additional fees for services like lawn care, maintenance, or access to certain amenities. Be sure to clarify what is included in your rent and what additional costs you may incur.

    Rent Control and Protections for Mobile Home Owners

    Florida does not have statewide rent control, but mobile home owners do have some protections under the Florida Mobile Home Act. This act provides guidelines for how lot rent increases should be handled and protects homeowners from arbitrary or excessive rent hikes. Mobile home owners who feel that a rent increase is unreasonable can petition the park owner and even pursue legal recourse if necessary.

    It’s important to stay informed about your rights as a mobile home owner and ensure that any rent increases comply with Florida law.

    Negotiating Lot Rent and Finding Affordable Options

    While lot rent is typically set by the mobile home park owner, there may be some room for negotiation, particularly in less competitive markets or if you’re willing to commit to a long-term lease. Some parks may offer discounts for early payment or offer promotions for new residents.

    To find affordable lot rents, consider looking in more rural or inland areas of Florida where demand is lower. Parks in these regions often have more affordable rates than those in coastal or tourist-heavy areas. Additionally, exploring resident-owned communities may provide more stability and potentially lower rents than investor-owned parks.

    Why Choose The Mobile Home Dealer?

    When navigating the complexities of mobile home living and lot rentals in Florida, partnering with a professional brokerage like The Mobile Home Dealer can make the process smoother. The Mobile Home Dealer specializes in helping both buyers and sellers of mobile homes in leased-lot communities throughout Florida. With a focus on delivering value, honesty, and quality service, they can assist you in finding the perfect mobile home park at the best lot rent available.

    Benefits of Choosing The Mobile Home Dealer:

    • Extensive knowledge of the Florida mobile home market
    • Expertise in evaluating mobile home parks and lot rental agreements
    • Access to a wide network of communities with various lot rent options
    • Personalized guidance to help you find the best fit for your needs and budget

    Conclusion

    Mobile home park lot rental rates in Florida vary based on a variety of factors, including location, amenities, and community type. Whether you’re looking for a budget-friendly lot in a rural area or a premium lot in a coastal retirement community, understanding the market and evaluating your options is key to making a smart investment. By working with professionals like The Mobile Home Dealer, you can ensure you’re making informed decisions and securing the best lot rent for your mobile home.

     

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  • 3 Questions A Sarasota Mobile Home Buyer Should Ask About Their Lot Rent!

    Lot rent is one of the most important things both beginners and tenured mobile homeowners are always keeping an eye on.

    It’s a monthly fee, usually paid in advance, that allows you to keep your home on a specific lot. Lot rent typically covers items like water, sewer, and trash removal – so it’s important to make sure you’re getting a good deal.

    For those just starting in the mobile home world, it’s important to keep an eye on land rent prices in different parks. You may be able to find a park with a lower land rent, which can save you money each month. Tenured mobile homeowners usually have a good idea of what the average lot rent is in their area, so they can better negotiate if they feel their current park is overcharging.

    Overall, land rent is an important factor to consider when you’re looking at different mobile home parks. Make sure you understand what’s included in your monthly fee, and don’t be afraid to shop around for the best deal!

    As more and more people each day want to buy a mobile home, especially in the greater Sarasota Florida area, understanding the lot rent bill could save you a lot of unexpected financial blunders.

    When it comes to owning a mobile home, regardless of whether renting or buying, the majority of questions always revolve around the land rent. Before we dig deeper into the topic, let’s know the land rent basics first.

    mobile home sarasota lot rent
    Sarasota Mobile Home

    What Is Lot Rent On Mobile Home Parks?

    Land rent is a lease payment paid by the mobile homeowner to the park owner where the mobile home is situated. The homeowner may get a loan for the mobile home, but not for the land where it is sitting. Lot rent is required from those who want to become a resident of the mobile home park. Without paying the rent, one will not be allowed to park or sit in their mobile home inside the park. 

    Why Does The Land/Park Owner Ask For Land Rent?

    The lot rent is used to pay utilities, amenities, park maintenance, infrastructure upgrades, and everything the park provides to the homeowners. Of course, the land owner needs to make money and live and in this world nothing is free. Mobile home parks need water, electricity, lawn mowing, garbage collection, etc. Without the lot rent, these services would not be possible. A mobile home community functions like other conventional neighborhoods too. When planning to live inside a mobile home park, the best question to ask the park manager is “What is included in the lot rent”?

    The monthly lot rent bill is something that will never seem to go away for the owners in Sarasota Florida whose home is located within a leased land mobile home park.

    To some unfamiliar with this monthly payment, it may seem like a lot of money is being paid for something you do not own.

    For others, it is an extremely affordable way to have a maintenance-free lifestyle where nearly everything is taken care of for all the residents within a mobile home park.

    When buying a mobile home in Sarasota Florida that is located on leased land we at The Mobile Home Dealer want to make sure all Buyers understand the top three questions that should be asked before moving into a mobile home park with leased land.

    Question 1: What Does The Land Rent Include?

    This is going to be, by far, the most critical question that all residents within a Sarasota Florida mobile home park will need to be asked. Most mobile home parks will include, what we at The Mobile Home Dealer, refer to as your Big 5. These are your water bill, sewer bill, trash bill, lawn care, and the usage and upkeep of all the park amenities. While most parks in the greater Sarasota, Florida area include these, it is important to note the rising trend in parks that now are asking the residents to pay for their water usage. Having exactly what is included and what is not is an important question to ask when considering any mobile home park to buy in.

    Question 2: When Does The Lot Rent Increase?

    It is reasonable to expect an annual lot rent increase of 2-5% annually. While most mobile home parks within the Sarasota Florida area increase their land rent at the start of each year it is important to know when exactly the park you are looking at purchasing expects to increase its lot rent. Some parks increase the land rent in the middle of the year, so knowing exactly when to expect a lot of rent increases will help all buyers budget their upcoming expenses.

    Mobile home in Florida with lot rent
    Mobile home in Florida

    Question 3: When Was The Last Land Rent Increase?

    As mentioned in the point above, many mobile home parks increase their lot rent each year, however, not all mobile home parks follow this. Some parks will increase their lot rent on expected inflation for the following year and overshoot the amount which, in turn, allows them not to increase the lot rent for the following year. While this may sound like a good thing, it is important to be very cautious of mobile home parks that have not increased their lot rent for several years as this could lead to a larger-than-normal increase all at once in the coming years for the park to offset all of the previous years where they did not provide a lot of rent increase.

    When looking at buying a mobile home within the greater Sarasota, Florida, that is on leased land, it is always important to know all of the details about the park’s lot rent before deciding to buy a mobile home. Being well educated on exactly what the lot rent includes, when to expect an increase, and when the last time an increase was done will help you as the new Buyer to have a better idea of what exactly to expect when it comes to the lot rent in your Sarasota Florida mobile home park.

    This is Mark Kaiser with The Mobile Home Dealer. We help mobile home Buyers and Sellers improve their lives.

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  • 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 in Sarasota
    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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  • 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
    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
    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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  • 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 monthly payment

    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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  • Does Past Due Lot Rent Need To Be Paid On A Sarasota Mobile Home?

    Does Past Due Lot Rent Need To Be Paid On A Sarasota Mobile Home?

    Before you continue reading this article, if you are buying or planning to buy a mobile home in the Greater Sarasota Florida area, you must understand that mobile homes here are considered personal property, therefore, they are not taxed as real estate property. Most of the mobile homes here are sitting on leased land owned by mobile parks. So, it is important to understand that when buying a mobile home, you must obtain park approval first before you can move to a mobile home.

    Lot rents are paid to the park owners and not to the seller. In this article, we will explain how difficult it will be if the lot rent of the mobile home you just purchased has not been paid on time.

    What happens if the Seller of a mobile home does not pay the lot rent, and goes to sell the mobile home instead?

    Are they able to just sell the home and not pay the lot rent that is owed?

    Is the new Buyer responsible for the lot rent that was not been paid by the previous owner?

    Does it even matter if the lot rent from the previous owner has even been paid?

    This is the scenario I ran into last week when I went to sell a mobile home for one of our clients.

    We utilized our marketing skills to obtain an interested Buyer, an offer was accepted, and the Buyer was excited to go to the park office, to begin the park approval process, so that they could move into their new home.

    And then…… the problems began!!

    You see the Seller did not tell us that they owed back lot rent on the home, which, as you can imagine, did not make the park manager very happy that they were not getting paid on time.

    Now, before I go any further, I will stress to you that I am not an attorney, I do not represent any legal firm, and I’m certainly not giving any legal advice with these next comments.

    We found out that the seller still needs to pay the past lot rent due at the time of closing.

    Does Past Due Lot Rent Need To Be Paid On A Sarasota Mobile HomeThe park manager asked that we sell the home for, at the very least, the past due lot rent that was owed on the property. When the home went to close, the manager asked us to take the amount of money that was owed to the park out of the proceeds that were initially going to be paid to the Seller.

    The Seller would then be issued the remaining funds for the sale of the home after the past-due lot rent that needed to be paid to the park was paid.

    The park informed us that since the home was within a land-leased mobile home park in the state of Florida if the lot rent was then not paid the park would be able to invoke a landlord-tenant rule against the new owner.

    This was explained to me as follows: if the seller does not pay the lot rent, the park has the right to evict the property because the home owner is renting the land through their monthly payment of lot rent.

    Since this home that we sold was too old to obtain permits to move, the park would then try to have the home sold by the Sheriff’s department at auction, and try to then obtain what the lot rent that was owed to them, in payment, at the time of sale.

    We at The Mobile Home Dealer, stress, to any mobile home Buyer that you need to make sure that you do your due diligence on any mobile home that you buy.

    Always check to see if the home that you are buying is current on lot rent with the park.

    If the home is not current, make sure you bring this to the Seller’s attention prior to signing any paperwork to buy the home.

    If this critical step is not followed, then you could very well be in a very sticky situation!

    We understand that some mobile homeowners are selling their property for various reasons, one of which includes financial difficulties. When a homeowner is selling their mobile home because they can’t afford to pay the lot rent anymore, they may be behind for a month or more.

    If the mobile home you are interested in buying has past due lot rent that is not paid it is imperative to speak to the park manager directly to get a written ledger of exactly how much money is owed and what stage of eviction the mobile home is in. Prior to purchasing the home the Buyer and Seller need to agree on who is paying what back lot rent prior to closing on the mobile home.

    Although park owners have the option to repossess a mobile home through eviction many of the parks do not want to do this simply because they are not in the buying and selling business of mobile homes. All they need to get paid is the lot rent owed to them. Taking over the property is the last thing every mobile home park owner would like to do.

    For sellers who are in this situation, make sure to explain everything to the buyer and cooperate with them in order to avoid problems beyond financial matters. Tell them that once they paid, you are going to pay all owed past due lot rent to the park managers.

    If you’re selling your mobile home, one of the first things you need to do is make sure all your past due lot rent is paid up. If you have unpaid lot rent, it will be very difficult to sell your home. Not only will potential buyers be turned off by the unpaid rent, but the park owner may also put a lien on the property. This means that even if you do sell your home, you’ll still owe money to the park owner. So before you put your home on the market, make sure you’re current on all your lot rent payments.

    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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  • Is Water Always Included In A Sarasota Mobile Home Lot Rent?

    Is Water Always Included In A Sarasota Mobile Home Lot Rent?

    Is Water Always Included In Lot Rent?

    Hey guys!

    When it comes to living inside the mobile home park, one needs to learn and unlearn a lot of things. Mobile homes are different from traditional stick-and-brick homes and mobile home parks carry different sets of rules and guidelines than those HOAs. As a potential mobile home owner, one must do their research before deciding to live inside a mobile home park.

    We’re coming to you from a location where we just sold another Sarasota mobile home very quickly!

    I thought of a blog post that I wanted to bring you up to speed on. Questions we get asked all the time is, does lot rent always include your water bill in a Sarasota mobile home?

    What is included in a lot of rent payments? Does lot rent include any other utilities, such as water?

    These are common questions our team gets asked when we’re working with buyers of mobile homes in the Sarasota area daily.

    Lot rent is the fee that is assigned to each homesite a home sits on within a land lease mobile home park.

    Is Water Always Included In A Sarasota Mobile Home Lot Rent.

    This fee can range in Sarasota from the low $500s to upwards of $1,200 per month.

    The lot rent fee, although it fluctuates from park to park, will include certain utilities, such as water, sewer, cable television, lawn care, and usage of all park amenities.

    Some parks do not include the water in their lot rent fee and some do.

    The parks that do not include the water in the lot rent fee, then it will be paid through either an individual meter that is assigned to each home or through what is called a master meter system.

    In a master meter situation, the park receives one water bill for all the homes in that park, and the monthly water bill is then divided by how many homes are in the park. The master meter idea is not nearly as common as an individual meter on the home or the park paying for it within the lot rent payment every month.

    In our experience, it is more common in the Sarasota area for parks to include the water bill in the residents’ lot rent and to not divide out among all of the occupied lots within the community what the water bill is.

    Water in Sarasota County is not as expensive as in other counties in Florida, but it’s certainly not the cheapest!

    In our research, we have found that an average two-bed, two-bath mobile home in Sarasota County that has a washing machine on the property has a water bill between $20 to $25 per month.

    This cost will vary depending on how much laundry the residents are using, how long of showers they take, how much water they use to water their plants or bushes, and how often they wash their vehicles.

    When a park has a master meter, the bills are dispersed to the residents, usually around the first of the month, just like other utility payments, such as electricity.

    What is a mobile home lot rent?

    People who are not familiar with mobile home living may get confused by the concept of lot rent. renting a mobile home lot is different from renting just a mobile home. Paying for the lot rent means you own the mobile home while paying for the lot where your mobile home is sitting. If you are just renting a mobile home, whether you pay the lot rent or the owner depends on the agreement between you (the renter) and the mobile home owner. The lot can be owned by the mobile homeowner or the park owner.

    What lot rent covers

    In most mobile home parks in the Sarasota Florida area, lot rent covers most of the following.

    • Water bill (some parks don’t)
    • A piece of land to place your manufactured home on
    • Access to the amenities and maintenance (the staff can guide you about the exact offerings)
    • Swimming pool
    • Playgrounds or play area
    • Community center
    • Laundry rooms with washers and dryers
    • Lawn maintenance and mowing
    • Trash collection

    The amenities included in the lot rent vary from park to park and sometimes, the number of coverage can affect the lot rent amount.

    What lot rent does not cover

    Taxes: While property taxes may not be your headache, there will be taxes on the mobile home.

    Insurance: Lot rent does not cover insurance. For the safety and security of your property, it is better to get mobile home insurance.

    When buying a mobile home inside the mobile home park of your choice, make sure to know what specific amenities are covered by the lot rent. Parks that charge $1,000 and above usually cover most of the bills and other extra things that someone you may not need so it is important to know everything to avoid paying something you may not need.

    No, water is not always included in Sarasota mobile home lot rent. While some landlords may provide water as part of the rental agreement, this is not always the case. It is important to read the lease agreement carefully and understand what utilities are included in the rent before signing a contract. Additionally, even if water is included, you may still need to pay for sewage or other related expenses. Be sure to ask any questions you have and clarify all terms before signing the lease agreement.

    We believe we will see more parks move towards not including water in the monthly lot rent fee in the future as mobile home parks are increasingly turning that charge of the water bill over to the residents directly.

    The Mobile Home Dealer are licensed mobile home brokers in Sarasota Florida and the surrounding areas. We provide professional buy and/or sell assistance to our clients. If you have any questions, please contact us by clicking this link. You may also visit our Facebook Page and send us a message.

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

     

    See Also:

     

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