Christmas BONUS??? - Posted by russell
Posted by russell on November 15, 2000 at 23:23:18:
This is a question for those of you with mobile home personality experience. I would appreciate your opinions about an idea I have.
I purchased a portfolio of MH notes a few months ago and have learned a lot real fast (hard knocks, etc.). I asked a lady who lives in the park about turnover around the holidays. She said it was usually high. This gave me an idea.
I am contemplating mailing out a letter (actually already written) offering $10.00 cash to all account holders in good standing who pay by December 4th (all notes due on the 1st).
My idea is that maybe there will be enough incentive to possibly get someone to pay who might otherwise “disappear” after spending their money elsewhere. These are less expensive homes - average $7500/small payments. I don’t know the thought process or motivation of these people - have never met any of them - but some are compulsive liars.
On one hand I’m thinking it’s a waste of time and money. But, I am curious if any of you have ever tried something like this.