All Forum Posts by: Aman S.

@Paras GuptaI messed up on time, I had 7 pm on my calendar, Please inform me next time you schedule one. 

@Robert Gillenwater For a 20 pad park, $46k sounds high for expenses. Is park paying utilities? Sometimes park owners have their vehicle expenses, meals and entertainment, some family members salary etc? Those are the owner's discretionary expenses. 

Actually, I meant to say no Park owned Homes. 

Looking at a park with 19 Lots, 2 single family homes, in the city, very strong market, all POHs, Public water and sewer, Tenants pay all utilities, Lot rent $650 avg, Single Family home rent $900 each per month, additional $200 for storage per month, so gross rent is $170k/year. What will be your ballpark evaluation on this? I know there are several other factors. I currently own a park in WV and wanted to get some advice from other park owners as this is a park in the city with high lot rent.  Thanks. 

I was going to post the same/similar question. If you sell the house and tenant keep paying the lot rent but stop paying the trailer note, what is the solution?

What is the best structure to sell the homes? Do a lease-purchase agreement or seller financed sale?  

@Kash P. Yes, I purchased a park in April this year and looking for more. 

https://www.mobilehomeuniversity.com/mobile-home-park-investing-articles.php     is a good resource. I attended Frank's boot camp a few years back, very in-depth education. Network with your local MHP investors. Good Luck!

It is very common. Maybe they started the leases at different times, I have rents from $215 to $285. I am planning to standardize the rents, it is going to take some time though. I am not going to increase by more than $20 per year. 

I don't see any major negative here. How much is pad rent? Any major infrastructure improvement required? Do you need to have a park manager? If the pad rent is good, it is close to home and you don't need any manager, I think it can be a good deal. 

I purchased my first park in WV this year and looking to acquire more in VA/MD/WV/PA/NC area.