Tax Lien Sales & Past Lot Rent

[Nancy Allen]

Does anyone know if the successful buyer of a tax lien becomes responsible for back lot rent once they obtain the property deed?

[Curt Smith]

Past threads in this forum have discussed the risks to the lonnie deal model due to the whims of the park manager, owner and how their attitudes re investors can change quickly.

Before bidding on a MH lien I'd talk to the park manager.

In theory the owner of a MH in a park owns lot rent.  But it's fuzzy since you wouldn't have a lease with the park.  They could force you to move the home, but that is not in the parks best interest.  If they where smart they'd offer to buy it from you.

I'd have an agreement with the park manager/owner that they'd offer you up to $xxx if you get the title after no redemption period times out. If they refuse then they'd try to squeeze you for monthly rent.  It's all in that critical discussion with the park, which is why being a lonnie dealer is such a up and down model.

Ok so they give you 2 months no lot rent for you to fix up the home and find a renter.  Now your the landlord of one of the toughest property types to be the manager of.  It would be a better deal to sell the home to the park for what ever they give you. Just my view.

Your ace card is once you get the title, you threaten to move the home.  Parks hate this.  But if its old, they may have one on YOU, if it's too old for your state / county ordinances for moving MHs, now you are stuck leaving the home in the park.  Talk to the park before getting into this.  :)