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Updated over 9 years ago on . Most recent reply

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113
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Robert Ruiz
  • Investor
  • Lake Charles, LA
36
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113
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Tough MHP Manager won't allow Rentals...

Robert Ruiz
  • Investor
  • Lake Charles, LA
Posted

Once I bought a trailer in a park that was known for not allowing rentals in the park. The park owner/manager did not allow because she had gotten burned so many times by people who didn’t pay rent. I called her to ask if i could rent (rent to own) the trailer i had under contract in her park. She immediately said “NO!!” i knew i had one sentence and it better be a good one. i offered to pay rent one year in advance on the trailer lot. She paused for what seemed like 30 minutes and said ok. I then passed the $1,800 ($150 a month) lot rent on to my new lessee who was renting to own the trailer from me and their last year of their contract was to be rent free every month because they had paid a year in advance on their first year.

Win Win and if i ever find another deal in that park she may be happy to get my call!!

Most Popular Reply

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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
65,034
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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
Replied

@Robert Ruiz  most park owners that don't want renters is not because of non payment its because of quality of tenant

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JLH Capital Partners

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