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
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago on . Most recent reply

Collecting rents from mobile home park tenants
To experienced park owners,
What is the most convenient and most effective way to collect rent from mobile home park tenants?
The reason I ask is because I'm looking to buy a mobile home park and I currently have residential rental properties that I own and have the tenants setup on direct deposit from their bank to my bank; which are set to auto transfer on the 1st of every month. So I don't have to do much at all to get the rent money every month. But I hear for MHPs it's a different beast.
Thanks!
Most Popular Reply
I learned when I bought my park, tenants don't like/trust or whatever the reason, electronic payments. They were all cash before I bought the park, but I was able to get them to give checks, certified or personal to my manager who deposits them in the bank for me.