Re: Park says OO MH only - no renters - Posted by Ron_KS
Posted by Ron_KS on July 03, 2003 at 16:41:49:
That method of “selling” a rental property to a tenant is Carliton Sheets idea, it is good and as far as I know, it is legal.
Another approach to this situation might be to buy some donuts and coffee and re-approach the park manager and let them know that you are an investor, you buy mobile homes, fix and clean them up and sell them to a tenant that has been approved by “their” park and you stand liable for the lot rent in case the new tenant fails to pay on time.
You might also mention, while your dipping your donut, that a lot of the mobile homes, particularly the newer ones in “their” park are owned by banks, green point, conseco, some saving and loan association or a credit bureau and the tenant is merely making a payment to one of them MUCH THE SAME WAY AS THEY WILL BE PAYING YOU!!!
Tell the manager that you arenot a bank or any of the above but you are an investor and you will work with the park as will YOUR BUYERS!!! You are guaranteeing this to the park. I have used this ploy and have had no problems. Other than that, you might resort to plan A, sell for $1.00, record and show owner-ship.
Best of luck,