Welcome to episode 12 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. This is part 3 of a 3 part series where Jefferson and Brad discuss what you should do over the first 30 days that you own your park. On this last episode of the 3 part series, Jefferson and Brad will discuss managing the books, the new rules and regulations, why Pitbulls are a ‘vicious’ breed, and more!
Key Takeaways:
[1:20] After covering PNLs on episode 11, the discussion moves onto the books.
[2:40] Jefferson managed his books for his park for about the 1st 4 months.
[3:31] You can use software to make the process simple!
[4:50] Distributing the new rules & regulations to your tenants.
[5:20] The No Vicious Breed Dogs Policy in the rules & regulations is very important.
[7:37] Why Pitbulls are now a high risk breed? See article by Malcom Gladwell!
[8:26] What if a tenant rejects the rules & regulations? Or what if they don’t sign the rules & regulations & return it?
[10:03] Join your local state’s Manufactured Housing Association for free resources on rules & regulations.
[11:11] Make sure all utilities are put into the new entity name.
Mentions:
Park Street Partners www.parkstreetpartners.com
Mobile Home Park Investors www.mobilehomeparkinvestors.net
deals@parkstreetpartners.com
Park Street Partners - Investment Opportunities
Park Street Partners - Resources
Mobile Home Park Investors Group on LinkedIn