Mobile Home on Land


#1

Quick question…what is the accurate way to sell the mobile home but keep the land that it is deeded on (and collect lot rent?)
thanks
Lori


#2

If the mobile is still registered with the DMV, you sell it with a title like a car. If title has been purged, it’s part of the land, but you can separate that and use a bill of sale (but you’d have to check with local DMV if there’s a process to un-purge it).


#3

Just as Bill described. One thing, if you need to separate both the home and the land, make sure the taxes reflect it. Also, you may want to make it a point to monitor your taxes on both assets. I recently just protested taxes on a couple of mobile homes which have been increasing in value every year. Just by submitting a piece of paper and over a few phone calls to the appraiser district was I able to lower them by a few thousand dollars. The time you put into this practice will be worth it down the road. Best of luck!