Hey everyone,
I put together a draft contract for Marshland Property Partners to take over operations of the I-10 Mobile Home Park & RV Resort. The structure is a management agreement with a future purchase option tied to occupancy.
When you have a chance, please review it and let me know: - Any suggestions or things I may be missing
- Your thoughts on how to present this structure to the owner
- What the typical process is for getting a management agreement like this in place
I’d also like advice on how to position my experience going into the conversation:
- Should I be fully transparent that this would be my first park of this size?
- Or focus more on my business management, operations, and partnerships involved?
My main selling points are:
- Bringing active management to a distressed park
- Increasing occupancy and filling RV pads
- Improving revenue and property value
- Creating a path for the owner to exit later at a higher value
Also looking for guidance on:
- Negotiation strategy
- How to position my experience going into the conversation
- What objections to expect
- Timeline and next steps once management starts
Since this is my first time structuring something like this, any insight would help.