Posted by Steve W (WA) on February 27, 2002 at 07:46:50:
Got a call from a RE agent one day about a bank repo in this park - called PM and introduced myself, told her I would be coming in the park to look at the repo, and then got into the “here’s what I do” banter, which always includes asking about other homes for sale or that may soon be, including those with no signs. That produced a lead, and a “well, this guy wants to do some remodeling, and then sell later. It’s empty now.” I took a walkaround tour of that one, in the dark, and took cursory notes; who knows when “in the future” might be?
Also checked in with the PM upon arrival, gave her some business cards.
About 3 wks later, PM calls: "That guy? he hasn’t been around for months, and the out-of-state owners are owed a year of payments. They called me and just want O-U-T! I gave them your number and strongly recommended that they call you (What’s that juicy red smell? Oh, yeah . . . BLOOD!). They did call - about 20 minutes later.
I did the phone work and the leg work to get the proper paperwork, and should receive back it via FedEx tomorrow, signed sealed and delivered, only needing a trip to the courthouse to see the Treasurer (pay back property tax) and the DOL (title transfer). The signed papers are my proof of ownership - courthouse just the necessary formality. Only blind luck on the bigscreen . . . but what luck!
Putting the horn away (my own, that I seem to be blowing . . . !), you will notice a theme here common to a multitude of threads on this board:
Form a relationship with the Park Manager!(Get it? In the stars!)
Sometimes I feel like I am being a pain in the neck, but by calling the PM every time progress is made, checking in every time I come to their park, every time I have a solid, non-nuisance question, I am in their minds as a PROBLEM SOLVER!
BTW, I am this close [teeny-tiny finger pinch] to getting March rent free for this place, since I am relieving the debt owed for 2 months back rent, in return for minor rehab (ceiling work + paint + cleaning) and returning it to the rental pool. How am I doing this? It’s in the stars. . .
BTW, . . . the bank repo? They want 12.5K for a 1976 DW, I offered 4K (still high), they countered 10K. Mr. Banker says: “Yum, yum! I must sure like the tast of paying rent on this empty, non-performing asset, because I’M EATING IT!” [snicker snicker]