All Forum Posts by: Matt Williams

Under rent credit we will fix the issue and then capitalize the value of the home to (somewhat) recover it upon credit redemption. I suspect there's an equivalent mechanism under installment sales.

Your mileage may vary. Good luck.

Can you expound on how an installment sale is different from rent credit?

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Originally posted by @Jason Ray Richardson:

@Ryan Beckland I know this is an old post, but I had a question on your formulas. Here is an example of a deal I'm looking at there are 15 vacant lots that could be probably rented for 100. there are 18 park owned homes (12 rented 6 vacant and in need of repairs). Just knowing that what would be the max that you would be willing to offer?

Jason, what did you end up doing?

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@Rachel H.Thanks!

@Ryan Murdock This is what I was unsure of. By the way, congrats to you and @Brandon Turner on your second park in Maine.

**Follow up question for either of you (or anyone else with knowledge): Will that model only work with a promissory note? I'm assuming that it will not work in a Rent Credit model, right?

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I'm aware of the advantages of having a park 100% or at least mostly tenant-owned homes.

However, during the process of converting park-owned homes over to tenant-owned homes (using some form of Rent Credit format), who is responsible for maintenance on the homes? I realize this might not be an absolute, but can anyone speak to what's most common?

Also, please feel free to chime in with any other advice/recommendations on the POH->TOH conversion process.

Thanks!

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All Forum Posts by: Matt Williams

Matt Williams has started 1 posts and replied 4 times.

Post: Converting POH to TOH - who is responsible for maintenance?

Post: mobile home parks

Post: Converting POH to TOH - who is responsible for maintenance?

Post: Converting POH to TOH - who is responsible for maintenance?