All Forum Posts by: Brian Lubeck

I have owned a park for a few years and when I bought it there were 5 trailers that did not have a title.  I have located the VIN numbers for each trailer and now I am looking for advice on how to get titles to these trailers.  The previous owner claims they never had the titles to these trailers, so that is not option.  My assumption is that these trailers never had a title. The park is located in the state of Kentucky.  

Any help or advice would be appreciated.  Thank you

Good morning.  I have a question about selling homes to tenants.  We have a loan on the property as a whole, but recently I have sold a few homes to tenants and only charging them lot rent.  How will my bank view that?  Will they care because those homes were collateral?  Wanted to ask the community first before asking my banker.  Thank you in advance for any guidance.  

I own a park that came with a handful of park owned homes and I have been renovating them and putting them on the market as rent to own.  I am having success at executing the rent credit model. I am charging lot rent along with regular rent.  The portion of regular rent goes towards their rental credits every month.   My question to other owners is, do you charge interest and have that clause spelled out in your documents?   

I currently do not have that clause in my documents and my accountant brought it to my attention.  I would really appreciate some feedback from you all as to how your documents are structured for this.  Thank you in advance!