All Forum Posts by: Ric Miller

It's not me

Marjorie,

I managed 2 parks in Fairplay for 9 years, until last summer. I have remdodeled about 100 homes and moved in and set 25.

I would not own a trailer inside a Park unless I owned the park. If you own a home worth 10K and the lot rent is $500/mth, your paying 60% per anum to park it there. The numbers don't work for me.

I would like to own a park, but the ones I've looked at only break even after 20% down, and that is with me as the manager. You can hire someone to collect the rent for a 50% discount on their rent, but that opens a whole new can of problems.

On the bright side, MHP's can be Cash Cows, go overboard on your due dilligence. Call the local police to ask about their involvement there, and if possible try to talk to the town council on a one on one basis. If you have a plan to make improvements, put it in writing and show it to them.

Ric Miller

First the Park will probably serve a NOTICE TO QUIT, for MHP this is 5 days.

Then they will file FED Forcable Entry and Detainer. Court will be held between 5 and 10 days from the filing and the owner should be served within 5 days of the hearing. If the home owner is not served personaly and she does not show for court, then she will not be responsible for payment, but the court will rule in favor of the Patk.

The judge in Park County Colorado will order the home to be moved within 48 hrs. Essentially the Park now has control of the home.