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The MHP Pros Mastermind
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Mobile Home Park Mastermind
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192 contributions to The MHP Pros Mastermind
11d •
Evictions...
Month 3 of mobile home park ownership... woohoo! At what point do you evict TOH's? We have two tenants: one paid $200 for July (less than half of rent), nothing in August so far)... the other nothing in August yet but paid July with a late fee. Our property management company wants to do a "7 day notice to quit", but is it better to try to work with the tenants on a payment plan? Or is that a long term disaster?
1 like • 9d
@Michael Pansolini couldn’t have said it better myself!
13d •
Warranty After Closing and Survivabilty
There is portion of our addendum to the state contract that a seller has refused but seems pretty standard in real estate. We basically asked that Seller’s representations, warranties, covenants, and disclosure shall survive Closing for twelve months and he said no warranties past closing. Is this a deal killer? Concerning?
2 likes • 13d
@Caleb Hogan is spot on here. Unless there are some deal specific things, I would say in a vacuum that you’ll never ask for or get warranties. Some exceptions could be if they’re vouching for something and you’re getting a big bad vibe. Like say they swear up and down that their WWTP doesn’t have issues. There can be random, deal specific things that a warranty can help with, but in general, that’s not unexpected that they decline this and it absolutely is not a deal killer if you don’t get any
18d •
Asphalt Repair
Looking to see what others have done to repair their asphalt, and if you repaved, can you share what you paid for the area repaired? (I realize factors such as density, surface area, etc are calculated into pricing) Thank you
5 likes • 13d
@Caleb Hogan and I more or less went through the same. Prices depend on too many factors to detail out here, but get three quotes at a minimum to be sure you keep a competitive bidding process going @Rene Doyle
29d •
Build a park?
Does anyone have experience building a park from scratch with a raw piece of land? I’m being asked to advise on an interesting project.
3 likes • 26d
@Kari Pesch @Michael Pansolini the math almost never makes sense to build from scratch
1 like • 29d
@Kari Pesch I’ll bring an extra one for you 💪 … @ all see everyone there!!
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Active 8d ago
Joined Jul 15, 2024
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