They just don't have the ability to move the needle at the park, nor will they care as much as you do as the owner, so you will be left disappointed with their lack of performance.For value-add parks with vacant park owned homes, vacant spaces, and one that may have been previously poorly managed and in need of a lot of work, I suggest you hire a full time onsite management team capable of performing all the duties of management, home sales, managing maintenance and repairs, and the implementation of software systems and processes that will eventually have the park running like a Swiss watch.

From our research we have determined it is best to have an LLC per property to limit liability as well as preventing a domino effect if something would happen. 

Our prop management company doesn't have mandatory tenant insurance in place and we are looking to implement this as all our surrounding competition has this. 

It should be very easy to implement in today's world. 

If you do replace the roof, think about adding a proper deck to prevent a future tenant from damaging the roof.

You have to practice preventive maintenance in order to see several step into a loan to be proficient. 

If you've got too many deals then it's time to either implement more exit strategies or hire help.

The way it is worded is hard to understandIt will be great to prevent a missed payment, at the same time with no security deposit things can get ugly when they eventually move out

Theresa, Thanks a lot for you input, I will definitely implement your suggestions 

In New York City, for example, Airbnb recently implemented a “one host, one home” policy, which prevents multiunit property owners from running a vacation rental business similar to a licensed hotel that is subject to additional taxes for doing so.2.