Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
Followed Discussions Followed Categories Followed People Followed Locations
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Theresa P.

Theresa P. has started 13 posts and replied 23 times.

I am working on a mobile home park right now and need to hook up a vacant home to plumbing (I am not a plumber). I have called several plumbers and they each say that the drain/taps for water (it's connected to city water and sewer) are buried underground and they cannot find them. I've called the water department to try and get them to help me figure out where the tap is, but no one knows! Does anyone have a good way to figure out where access taps are when they're buried underground?

I am reevaluating the background check process for a mobile home park. Instead of using a site such as Cozy, I'd rather perform the background check myself. In South Carolina, is consent for background checks required? So far I have only found sites that require applications to authorize the background check being performed on them. I'd like to eliminate this step if I can, specifically because it just adds another step for the applicant to go through and puts up another roadblock to them finally signing a lease - we've found that our extensive application process is deterring applicants and we're trying to cut it down. 

Originally posted by @Wayne Brooks:

The concrete pad? You’d call site work type guys to demo and remove.

It's actually not concrete - it's all metal and wood. It burned down many years ago. 

I own a mobile home park in South Carolina and there is a vacant and unusable pad on the property. A house that burned down used to sit on it. I've called every scrap metal company in the area and no one has answered their phone. Just wondering if anyone else has had trouble moving damaged pads off their property and if they had a creative solution for getting rid of it. 

Hi BP!

We are currently trying to find affordable workers comp for a contractor who serves as the property manager for a property we own in South Carolina. I have not been able to find any policies that are under $2800 annually. I have asked property owners who own in neighboring states and learned that workers comp is much cheaper across state lines ($900 annually or lower). Does anyone have insight into why workers comp is so high in South Carolina? I'm wondering if I'm missing something. 

Thank you!

Originally posted by @Rachel H.:

@Theresa P. You may want to look at local advertising versus online. Start with the people who live in and around the park and work from there. Good luck! 

 thank you!

Originally posted by @John Underwood:

I think you are expecting too much from someone that wants or needs to rent in a MH park.

I'd try meeting with applicants and taking a paper application.

Run their background check and look at their credit score, criminal and eviction history.

You may have people that get paid cash and can't produce a w2, they may not even have internet access or a bank account.

I think a credit score and trying to talk to a previous landlord is the screening you need to be doing.

Collect a larger deposit to give you a bigger buffer and see if you can't find some people that will turn out to be good tenants.

File an evictions on the ones that are behind. They will pay or they will have to find a new place to live.

Really good point that people may only get paid in cash. I'm wondering if we could just confirm with their employer directly rather than collect a W2 if that would solve part of the problem. 

Originally posted by @Jim Johnson:

I am not sure if your issue is not really one of demographics. 

Your town has 6,500 current residents- but that number was closer to 7,400 ten years ago. 

So the first issue is- you in a population declining market- which does not do well for holding real estate prices.

Second- over 36% live below the poverty line. They simply do not make enough to satisfy your 3x rent rule- so off the bat your now only dealing with 65% of the population. 

Next- you do not take people who have had misdemeanor or felony's for the last - 2 - 10 years. This was a bit confusing to read- but probably scares many away.

In your area your market is probably the lower 50% of the income earners. Anyone on SSI or public assistance will not receive enough to qualify... and you already take out the bottom 36%. So in your whole town you probably looking at about 1000 potential renters, and they are the top 15% of the 50% you can draw from. 

I would say- if your going to attract that client- you better have really good product, a really clean property etc.... you competing for everyone that can afford a 3 bedroom apartment in one of the nicer complexes in town. 

Do you relax your requirements- well that is one option. Or you raise the bar on the homes to attract that top part of your target market. 

My calculations do not take into account the percent of the population that have committed crimes- so that 1000 person number is probably lower but I am not sure how to quantify by how much. 

Also- if about 15% of the population moves every year- of that 1000 people- maybe only 150 or 200 will be looking in any given year. That is about 20ish new people looking each month...

 Wow thank you for this data. We are trying to raise the quality of the park, but it's a slow process. I think we definitely need to change the language on our requirements page as well, though I'm wondering how many people even read that far when filling out our initial form. 

Hi everyone!

I recently bought a mobile home park in South Carolina and am having a hard time renting the park owned homes. The previous owner had lower standards for tenants, and would lease to anyone who applied as long as they had no prior evictions in the county the park is located. I took over and wanted to raise the standards of the park, so I put a process in place to screen tenants. The result has been disappointing. I get a lot of inquiries from Facebook (via Zumper postings) and Craigslist, but people usually fall off the grid once I tell them I'd like them to submit W2's and pay stubs. So far, it feels like we are evicting more people than we are renting to (we also inherited many tenants who have not paid rent for months). 

I'm wondering if anyone would be willing to take a look at our "apply now" page on our site and read through our steps for applicants, and give me some feedback one what is going wrong here. 

Here is what our application process is:

1) Fill out a form on our website. 

2) Go to the park and tour one of our homes. 

3) Fill out an application on Cozy.com. The $40 application fee goes towards tenants' first month's rent. 

4) Along with the application, provide me with an employer reference I can call for income verification, previous landlord reference, a copy of their last 2 pay stubs or form of monthly income, a copy of their last W-2, and a copy of some form of government issued ID for everyone in the household.

I know this is a lot, but I'm not sure what I could take out to make this application process more appealing. Any input would be greatly appreciated!

@Mark Ainley thank you for this information. would you mind sending me a Chicago Assoc. Realtors lease? thank you so much!

1 2 3