Park and manufactured home letting agent

Owners of park or manufactured homes who live elsewhere, retirees moving into care, and investors who bought a home in a residential park or land lease community.

A management fee, usually a percentage of the rent collected, plus a letting fee when you find a new tenant. You can add charges for inspections or lease renewals if you disclose them clearly.

• Clear communication with owners and tenants
• Organised record keeping and paperwork
• Fair and careful tenant screening
• Willingness to learn tenancy rules for park homes

• Most states and territories require a real estate agent or property manager licence (or to work under a licensed agent) to charge fees for managing rentals, so check this before you take any fee
• Rules for renting out park or manufactured homes differ by state, and some parks restrict or control sub-letting, so check each park's rules and the law that applies
• Rent money held for owners usually has to go through a regulated trust account with strict record keeping
• Professional indemnity and public liability insurance, and fidelity cover where your state requires it
• Home-based business approval from your local council may be needed for your office
• Only a small number of homes may be available locally, so check there is enough demand in your area before you commit

Startup costs are typically around $5,000 to $25,000, depending on your software, insurance, marketing and office setup. Treat this as an estimate and get quotes before committing.

Monthly revenue is typically around $800 to $4,000, depending on how many homes you manage and the fees you charge. It is an estimate, and local demand matters, so check how many park homes are available in your area.

Most states and territories require a real estate agent or property manager licence, or working under a licensed agent, to charge management fees, so check this before taking any fee. Also check park rules and trust account requirements.