Posted by Steve-WA on March 21, 2003 at 11:22:53:
no kidding - I think ET discusses this. OMG! What a racket, if you can lease a corner of the prop to a cell co!
check it out - not much to offer the tenants, except great reception and cancer from microwaves, but that’s debatable.
adding a swimming pool good idea? - Posted by Bob
Posted by Bob on March 21, 2003 at 10:30:37:
Hi, I am wondering if adding an inground swimming pool to a park would be a help. No parks in my area have pools and so I am wondering if it would help increase the quality of the tenant. Any ideas, pros and cons? Should one consider this??
You really want sw.pool liability? - Posted by John Merchant
Posted by John Merchant on March 21, 2003 at 12:50:04:
Only if you enjoy the thought of YOUR multi-million dollar liability for the brain damaged child, after his/her near drowning-while the parents are back in their MH drinking and watching TV!
Better talk to your insurance agent before thinking seriously about the swimming pool idea, to see what your insurance cost would become…I’ll bet you’ll find that your increased cost would offset any increased income from “better” tenants.
Now if your MHP is 55+, a pool might make some economic sense, but again there’re liability issues to consider…because Grandparents are going to want to have the kids over to play at/in the pool, and some risk is still present.
Re: adding a swimming pool good idea? - Posted by Tony-VA
Posted by Tony-VA on March 21, 2003 at 10:53:12:
Amenities in my opinion need to be viewed both in the light of attracting tenants as well as providing a tangible income. Some amenities address more of one than another.
The pool idea certainly brings to mind insurance cost concerns, maintenance and supervision costs (for an amenity that is used only a few months a year in many locations), and what is the return on the investment after all this is done?
I would have to ask the “better use” question. What else could I use the location for that would provide me the advantages this idea addresses?
Could a mini-storage unit work? Low maintenance costs and little supervision (passive income).
I am sure you are comparing and contrasting and maybe the “better use” method can help you narrow the field.
Tony