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Question: “I own my own land, and I plan to install a mobile home on it for my retirement. The cost of homes in mobile home communities is much lower than it would be to purchase a new home outright. If I were to purchase a mobile home within a mobile home community, pay for […]
What is the Colorado Mobile Home Park Act? The Colorado Mobile Home Park Act is a significant article of legislature introduced and passed by the General Assembly of the State of Colorado in 2019. The law permits counties and municipalities to enact certain ordinances for mobile home parks, adds new termination and eviction protections for […]
Question: “I’ve heard conflicting information on whether or not mobile home lot rent is tax-deductible. What’s the verdict?” – Chase O. (32), Albany, NY Answer: The complete answer is somewhat complex. However, in the eyes of the Internal Revenue Service (IRS), mobile home lot rent is typically not tax-deductible as a personal expense. Generally, the […]