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Mobile Home Park Investing

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Logan M.
Pro Member
  • Investor
  • Provo, UT
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728
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My Rules of Rent Collection for Mobile Home Parks

Logan M.
Pro Member
  • Investor
  • Provo, UT
Posted Apr 17 2024, 12:34

Rent Collection can be one of the biggest pain points while trying to manage a mobile home park.

We have a few rules when it comes to rent collection that allows us to collect at a higher rate than the industry average.

Rules of Rent Collection

1. Never collect in person

2. Run payments via an online platform (We use Rent Manager)

3. Pay a constable or the Sheriff to deliver notices of non-payment 

4. Deliver notices on the 15th of every month

5. We try to work out payment plans with tenants and are mildly successful

What are some rules and trends you have regarding rent collection?

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