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Mobile Home Park Investing

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Reid Hanley
  • Rental Property Investor
  • Pensacola, FL
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85
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Can I Give a POH to a Tenant?

Reid Hanley
  • Rental Property Investor
  • Pensacola, FL
Posted Jul 15 2018, 09:23

With all of the Dodd Frank and SAFE Act concerns around seller financing I'm wondering if I can simply give a POH to a tenant as part of their rental agreement?  What I want to achieve is passing all home maintenance requirements to the tenants of my mobile home park.  The homes in this park are all 70s-80s era homes and really don't have a lot of value.  All need a some repair, mostly minor age related wear and tear, but some need a lot and a full rehab on these would be more than the value of the trailer.

Anyone done this before?  Is this legal under DF and SAFE?   Thanks BP for any input.

Reid

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