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All Forum Posts by: Leslie A.

Leslie A. has started 22 posts and replied 455 times.

Post: Rent was sent in the mail with cash and now lost

Leslie A.Posted
  • Real Estate Investor
  • Houston, TX
  • Posts 499
  • Votes 206

Bryan, love your post. Hilarious!!

Post: $1,000 gone missing...

Leslie A.Posted
  • Real Estate Investor
  • Houston, TX
  • Posts 499
  • Votes 206

No, none of the above is relevant to your problem, speaking as an accountant. the only thing that possibly wasn't done and should have been done is the bank account should have been reconciled.  April's bank statement should have been reconciled by May 15th. If it had been you would have found the error much sooner.  

Post: Newbie wondering the Pros and Cons of MH investing for buy and hold?

Leslie A.Posted
  • Real Estate Investor
  • Houston, TX
  • Posts 499
  • Votes 206

No, we rent the spaces. Give it a shot, John. Ours are almost all '06 FEMA trailers.

Post: Newbie wondering the Pros and Cons of MH investing for buy and hold?

Leslie A.Posted
  • Real Estate Investor
  • Houston, TX
  • Posts 499
  • Votes 206

I rent travel trailers in a park and get around the same rent and even more than comparable 2 BR apts. now the trick that I use to do that is to charge weekly. I get much more that way than I could with monthly rentals. My renters are truly awesome. It has been a great experience. I have eight now 

Post: Newbie wondering the Pros and Cons of MH investing for buy and hold?

Leslie A.Posted
  • Real Estate Investor
  • Houston, TX
  • Posts 499
  • Votes 206

Angela, you need to find the rents for an avg  2 bedroom and see if that's what comparable 3 br MHs rent for. Also you're going to need to shop around and see what MHs are selling for in your area. How new are the homes?

Post: Can I manage a small 10 lot MHP myself?

Leslie A.Posted
  • Real Estate Investor
  • Houston, TX
  • Posts 499
  • Votes 206

I think it would be fine. Give it s shot. 

Post: Mobile home in a park-low cost to learn or waste of money?

Leslie A.Posted
  • Real Estate Investor
  • Houston, TX
  • Posts 499
  • Votes 206

might be a deal. How much are comparable rents? Check out John Fedro's blog. Www. Mobilehomeinvesting.net

Post: need help tenant refuse to communicate with me

Leslie A.Posted
  • Real Estate Investor
  • Houston, TX
  • Posts 499
  • Votes 206

Whenever a tenant is late get your butt over there next time. 

Post: How do you accept your rent payments?

Leslie A.Posted
  • Real Estate Investor
  • Houston, TX
  • Posts 499
  • Votes 206

I have them all deposit at my bank. I give them a supply of deposit slips. I write their name on them. 

If they can't get to the bank till after work they have to get a money order and put it in the night depository. 

Works awesome.  I have 8 units and we charge weekly so it's a lot of payments. 

Only had one question it and he was a punk.  But he eventually complied. Lol

Post: How do I evaluate a deal in a Mobile Home Park?

Leslie A.Posted
  • Real Estate Investor
  • Houston, TX
  • Posts 499
  • Votes 206

First thing is to find out what he says is the lowest he will take