Taxes on mobile home parks
How do you find the amount paid per year(or month or season) in taxes by mobile home parks. I know taxes are extremely important in underwriting but I’m not sure how I’m supposed to find this value to put into my numbers(don’t worry I’m not buying it just practicing running numbers)
Most Popular Reply
The county web site will show you the taxes but remember you have real estate taxes and if park owned homes, taxes on the homes as well. All can be found on most county web sites that are of any size.
Personally I just use rule of thumb numbers for expense ratios to measure a deal and when the numbers are good I request Rent Rolls and P&L up front. If these are good the request for financials are in the contract which are all to be verified during the due diligence period.