newby question about Lot rent. - Posted by kidblue

Posted by Sandra(NC) on February 01, 2002 at 19:46:24:

Hi! We have done lot rent both ways. When the PM isn’t comforable with the idea, we offer to pay the lot rent until the buyer has the mh paid in full. We only pay two of our PM’s, the rest pay their own lot rent.
Sandra(NC)

newby question about Lot rent. - Posted by kidblue

Posted by kidblue on January 31, 2002 at 12:16:34:

Do I collect this rent from my buyer/tenant and pay the PM myself, or does my buyer pay it directly. If he does, how do I know he’s keeping it current? Do I need to check on him each month? Thanks, kidblue