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All Forum Posts by: Thomas T.

Thomas T. has started 1 posts and replied 2 times.

Post: MHP Management Questions

Thomas T.Posted
  • Santa Barbara, CA
  • Posts 2
  • Votes 0
Sorry I wasn't clear and used the wrong term in my initial post. I meant to say that I'll be operating these parks. I would be the property management company. The parks will have an on-site manager (that report to me) to take care of daily tenant issues.

Post: MHP Management Questions

Thomas T.Posted
  • Santa Barbara, CA
  • Posts 2
  • Votes 0

Hi everyone. I have a somewhat unique situation where I have an opportunity to manage some parks (Washington, Oregon, California). I'm trying to wrap my head around what would be involved and whether it would be worth my time since I have a full-time job. Can anyone who manages parks help me out? I have the following questions:

1. What is your management fee (%) to manage parks below and above 100 spaces? Does the fee go up as you fill empty spaces?

2. What are your responsibilities included with your management fee (separate from what an on-site park manager does)?

3. Do you charge an additional one-time fee on top of your standard management fee if you fill a space? This would involve everything from finding the home, negotiating price, all the paperwork and permitting, to moving and setting up the home.

3a. Do you charge a management fee to coordinate removal of old, dilapidated homes?

3b. Do you charge your time to meet with local planning officials in regards to permitting, codes? 

4. Do you charge to find and interview on-site park managers?

5. Am I missing anything else that park management companies charge for on top of the standard fee?