@Karl Kulpak great info Karl! I agree with everything you said! I would highlight what you said that you always charge SOMETHING for the home even if its a low price. This instill ownership and makes them pay off a balance, during which time you still hold title

@Caleb Hogan this is great insight thank you caleb. We'd love to have you on to talk about this sometime soon.

@Karl Kulpak same for me on the retirement accounts! This i think is a very smart move if you have limited equity

@Charlie Wang i did the math and the 10% penalty was worth it (for me!)

Summary of @Ryan Narus' answer from our conversation with Rachel on Group Mentorship today. Rachel was revisiting a question about her RTOs (Rent-to-Own residents) who had not paid rent. A resident had promised to pay by end of day Monday or Tuesday but did not follow through. Rachel wanted to discuss the pros and cons of what to do next, noting she and Kevin were not interested in flipping the homes back to park-owned. Ryans Answer: 1. Start the clock immediately Send the notice the moment your contract allows it, typically day 30. Even if you've set up a payment plan, send it anyway and tell the resident it's procedural. Every day you delay gives them free days and leverage to push you further. 2.File the eviction after the notice period Once your demand period passes (10 days in North Carolina), file. You can dismiss the case any time before the sheriff executes the writ, so filing costs you nothing but time. Only hold off a day or two before filing, never before noticing. Filing creates a public court record, which is your leverage. 3.The writ is permanent Once executed, it's on the resident's record for good. They can't undo it. 4.The principle to remember Be aggressive starting the clock, generous stopping it. You can pause or dismiss anytime, but you can't go back and restart a clock you never started. Time is your biggest negotiating tool here, so get it running. 5.On tone and approach Be firm, friendly, and direct. Not mean. Acknowledge what the resident is going through ("it sounds like you're really going through something") without calling out the lie. Still push for payment or help them find alternative housing. 6.On park-owned homes Ryan gets that you don't want park-owned homes, but he's pushing you to get control of those units anyway. Here's why: if a resident gets evicted but keeps ownership of the home, they hold you hostage. You can't place a new resident or a new home on that lot. Own the home and the land, and you can lease it up in a couple weeks instead of sitting in a legal gray area.

@Kari Pesch Thats the risk of a property management company period. They have 0 equity in the deal so why would they care to deal with problems?

I believe the guys name rhymes with Bliss Food. I want to further expand on this because ive now heard from multiple people that they paid another influencer whose name rhymes with Space Dorby for a Mobile Home Park mastermind. They more or less were scammed. Please beware of who you are listening to and paying for advice!

@Kari Pesch Bliss and Space have really unique names

RentManager has a module for this already - i dont use it yet but Three Pillar who owned the park before me did. @Ryan Narus do you use the map function in RM?

@Kyle Grimm take a look at the Bird's Eye View module. We now have all relevant RentManager Trainings in our library