Mobile Home Park Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Hiring a MHP Manager
Alright guys and gals, I'm new to the MHP business so bear with me. Providing your business plan involves hiring a tenant to be your manager, how do you typically compensate them? For instance, in Multifamily investing, it's typically 5-10% Gross Income, depending on the size, and it's somewhat a turnkey deal.
However, in addition to giving the manager free/reduced rent, do you pay them a percentage of what they collect or what?
Also, what is the manager's roles besides being your eyes and ears and collecting rent? For example, do they call someone for necessary repairs? Thanks