5/20/12 BP Newsletter: Pacing Your Investments, Increasing Profits, & Speeding Up New Deal Screenings

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Spanish Mobile Home Tenants

Monday, September 13

The last few months, I have been placing great effort into attracting a Spanish audience for my mobile homes for sale. I mean let’s face it, In Texas the only real population growth that can be counted is from our neighbors south of the border. Legal and illegal. One great advantage I see is,  many of them see a mobile home as a palace and I never see Senior Lupe out on the side of the road begging for money. Sure many of the men work construction so they may have a more difficult time paying rent in your local rainy season, but that is ok.

Many of them are cash buyers and I always like that. No check to bounce!!!
I have learned a few things though. When you Rent to own a mobile home to your Spanish speaking buyer, be sure you go over everything that is to be expected. My last occupant of my Single Wide mobile home has taken it upon herself to paint the outside of the mobile home Yellow. That’s right yellow.  That is not acceptable. I hope I never get that home back, If I do her security deposit will never be back in her hands that is for sure.

So lessons learned, Make sure your translator tells them everything on your contract, Do not pencil whip through the rental agreement and take the extra time to make sure they understand. 30 extra minutes of your time, could save you $1,000’s of dollars in future Headaches.

Mobile Mike,

www.mobilehomemagic.com

 


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Mike Matthews

Mystic Realty & Mobile Home Magic
Real Estate Investor
Houston, Texas


Website: http://www.mobilehomemagic.com
Phone: 713-259-1590
Fax:

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