Posted by David S on April 13, 1999 at 15:48:35:
you will probably not be able to do any more business in that park. I’m not going to loose a good chance to do business with a good park manager for a few hundred bucks.
In addition, I ALWAYS guarantee site rent to the park if I carry the paper. If you have to repo the home, the park manager is going to expect you to pay the past due rent anyway… call it park manager mentality.
It’s just my way of doing business. When I personally guarantee the site rent and REQUIRE the tenant to pay it to me, I’m in total control of the entire deal. This also lets the manager know that I am worthy of his/her trust. I make the site rental a part of the contract and if they don’t pay, the tenant is in violation of one of the contract provisions… perhaps facing eviction.