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129 contributions to The MHP Pros Mastermind
Uncooperative sellers
I have sellers trying to restrict my ability to investigate the property I have under contract. Most recent email said this, what are your thoughts? “As a reminder, and consistent with the terms of the Purchase and Sale Agreement, any entry onto the Property and inspection activities must be conducted with reasonable notice and in a manner that does not interfere with ongoing operations or residents. Given that the Property is an occupied community, all site visits must be scheduled in advance and accompanied. We ask that you refrain from entering or driving through the Property outside of coordinated visits to avoid disruption or confusion for tenants. “With respect to third-party outreach, we ask that any inquiries be conducted on a general or hypothetical basis only and without reference to the Property, its address, ownership, or operations. “Any property-specific inquiries should be coordinated through us to ensure consistency and avoid unintended issues. “We will follow up directly regarding the Township zoning/code verification request once it becomes available. “With respect to vendor outreach, we prefer that any quotes or services be obtained through your own providers rather than contacting vendors associated with the Property.”
4 likes • 6d
This is fairly common actually. It’s hard to keep you off the property for drive thru’s etc but inspections are normally coordinated as tenants get overly excited when they see strangers. I haven’t had a seller prevent an inspection but almost all of them want notification when you’re on site. As far as using their vendors I would advise against. Conflict of interest is a real risk
Florida panhandle
Looking at opinion on a park in the panhandle. Greater Pensacola mkt. 56 lots all poh. Mix of 2-3 bed units. $250-500 under market poh rents on decent stock homes. County approved 10 expansion lots. City sewer and water master metered and billed back. Dumpster trash. Mom and pop ran. Asking 3.2m with seller carry at decent numbers. 20%down 30amm 5 balloon, 5%. Plan is to rto all units at 850m avg , bill back all utilities, software etc and add 10 homes into the approved lots. 1m from Walmart and town infrastructure. Great school zones, economy is solid and growing. Critique the deal and let me know thoughts on Fl. New market for me
2 likes • 12d
lets do it. Running fb ads now to gauge the market demand
AR Automations in Rent Manager
FYI guys if you are trying to run AR automations in rent manager and sending "tests", the rent manager system Queues all the automations at 1am each night, so if you create an automation and are trying to test it that same day, it WILL NOT FIRE. Add this to the list of reasons why I hate rent manager, but it is a necessary evil. Seriously as soon as something better comes out, I'm switching - I don't care what the time commitment will be. That said, theres nothing better currently, and you can take that from Caleb directly who tried others and had to switch.
2 likes • 16d
Agreed. How about somebody use Claude code to create a clone we can edit to function better...my wallet is open
Investors:
What’s something most people misunderstand about mobile home parks?
2 likes • 20d
That most tenants aren't poor...despite the old ladies the press always roll out to cry about mean landlords raising rents and making her pay for her own utilities
Section 8?
Has anyone bought a park with all Section 8 tenants? How does that work through the sale? Would you be concerned in buying a park that makes a lot of sense on Section 8, but not sure how well it might do if it wasnt for Section 8, if that makes sense?
1 like • 20d
Section 8 is a hot button. In my area it's not a good thing. 20-30% below market rent and very poor quality tenants. When I buy parks with section 8 tenants I non renew day one. Some people like it and are happy. Depends on the market and the tenant base. But it is poh for certain and they're are initial hoops to jump through but after the initial approval the oversight is very minimal
1-10 of 129
Caleb Hogan
6
1,334points to level up
@caleb-hogan-9067
I am a real estate investor, capital raiser and syndicator in the mobile home park space. 60m in aum, 1000+lots with a goal of 10k

Active 36m ago
Joined Dec 11, 2024
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