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Updated over 8 years ago on . Most recent reply

Carlos Palacios lugo's profile image
Carlos Palacios lugo's profile image
Carlos Palacios lugo
  • Investor
  • from Austin, Texas
  • Member since May 11, 2016
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Carlos Palacios lugo's profile image
Carlos Palacios lugo's profile image
Carlos Palacios lugo
  • Investor
  • from Austin, Texas
  • Member since May 11, 2016
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Carlos Palacios lugo
  • Investor
  • Austin, TX
2
Votes |
10
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Mobile Home Park Investing

First time running a mobile home park

Carlos Palacios lugo
  • Investor
  • Austin, TX
Posted

Hey guys,

I am currently in the process of closing a mobile home park with 11 lots. I will be renting out lots to tenants, and I only own one trailer in the park. I pay the property taxes, and tenants take care of maintenance, insurance for their trailers, and all the utility bills. Do you guys have any tips or lessons for a newbie in this business? Any replies are greatly appreciated. 

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Amy A.'s profile image
Amy A.'s profile image
Amy A.
  • from Portland, Maine
  • Member since Apr 20, 2012
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Amy A.'s profile image
Amy A.'s profile image
Amy A.
  • from Portland, Maine
  • Member since Apr 20, 2012
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Amy A.
  • Portland, ME
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Amy A.
  • Portland, ME
Replied

Be strict on the rules and on who you allow to rent.  A few bad eggs can turn your park into a hellhole.

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