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Updated over 4 years ago,

Michael Baradell's profile image
Michael Baradell's profile image
Michael Baradell
Property Manager
  • Property Manager
  • from New Orleans, La
  • Member since Apr 22, 2013
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User Stats

184
Posts
34
Votes
Michael Baradell's profile image
Michael Baradell's profile image
Michael Baradell
Property Manager
  • Property Manager
  • from New Orleans, La
  • Member since Apr 22, 2013
Connect
Michael Baradell
Property Manager
  • Property Manager
  • New Orleans, La
34
Votes |
184
Posts
Mobile Home Park Investing

Mobile Home Park - Property Management

Michael Baradell
Property Manager
  • Property Manager
  • New Orleans, La
Posted

Hey BP!

I am purchasing a park that has management already in place. This management team has been in place for 9 months under the previous owner and has done a good job cleaning up the park. Currently, the PM fee is a flat rate of $700/month. There are 13 active lots and 42 more to fill. 

My question is, how much should I anticipate paying them as we grow? The $700 flat fee tight now is excessive I feel. Should we pay per pad? Percentage of rent collected? 

  • Michael Baradell
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