Gifting Trailers to Tenants - Any advice?

[Ken Buck]

Hello BP'ers - 

We are currently underwriting a mobile home park with all park owned homes.

>>>The homes are in bad shape and the repairs line item eats 1/3rd of the Gross Income!

Does anyone have any tips or experience in 'gifting' the units to the current tenant?

We thought of rehabbing some units then selling them on the open market. They are prehud homes and in need of a lot of repair and thought maybe gifting would be a quicker route to reducing this repair line item + current owner pays water, trash, and sewer!

>>>any comments are welcomed and appreciated,

Ken