Hey BP! Happy 2018!
I decided 2018 will be the year I jump in to larger multifamily deals. I'm getting very close to having a mobile home park in Ohio tied up, but my ignorance regarding septics and proper handling is almost scaring me out of the deal. Hoping someone can share experiences as I hurry up to get smart on the mgmt needs when it comes to dealing with a park.
There are 20+ pads (all seller owned) that tie into one septic system that was replaced 6 years ago. They pay about 15k annually for Ohio EPA compliance and about 3k for water testing.
Does anyone have any stories they can share on what to look out for regarding that component of mobile home park investing? I don't want to scare myself out of the deal, but I also don't know what I don't know yet regarding water testing and septic maintenance with the EPA. Nightmare or manageable? How bad can it get and how hands on do you need to be? Tons of EPA paperwork or minimal? I'm also going to be out of state so will need a strong partner who is boots on the ground helping me with this one if we go for it. If that is anyone reading this, please reach out! I am in need of good partners in Ohio in general.
Any insights are much appreciated! Thanks as always to the BP community!
just sent you a request and message with it. Please reach out and we can see what we can do. I live in Ohio.
That's a super interesting question. I have never dabbled in mobile home parks but I know that @Brandon Turner just bought on in Ohio if I am not mistaken. Perhaps he can be of some assistance. Out of curiosity, what area of Ohio were you looking at?
he bought a apartment in Cincinnati area and a mobile home park in Maine.
I would check if the system has a grease trap , if not check on having one installed . As far as the EPA ,good luck with that , a guy around here didnt cross a " T " in a report and he is serving 5 to life in the big house
No need to be afraid of Well & Septic systems in MHPs. Get all the records you can from the owner including the vendor info. Become familiar with your state and local regs and keep a good reserve fund to deal with any unexpected repairs or emergencies. Septic systems have been around for centuries and they work - as long as they are kept in good condition.
Is it an aerobic or spray system? as long as it's not a lagoon system you should be fine. $15k is really high for compliance - what does that cover?
Not sure why the EPA would be involved with a small septic system. If Ohio is anything like Florida or Texas septic is handled at the county level. Call the county health department's septic inspector - this is the person who is the key to getting the approvals and inspections needed. If you exhibit that you want to be compliant and are interested in the regulations he/she will provide a ton of valuable information and will likely end up being a great person to be cordial with.
@Jarrod Weaver great call. Thank you! I’ll be reaching out