@Caleb Hogan great tip to learn. Didn't think existing tenant could be such fun!

@Daniel Greenberger did you check out Elephant Capital?

Cheryl, welcome to the mastermind. Hope you find it valuable. Can you share your long term plan and maybe your desired market to buy in.

I taught a class last year on tenant screening and shared the tools and systems I used for 11+ years on the residential side. I’m not sure how much of it directly crosses over to this specific asset type, but we focused heavily on systems, consistency, and treating applicants equally and fairly when reviewing multiple applications. We also dove deep into fraud detection—fake pay stubs, fake tax returns, and fake landlord references. Understanding how to track down a real property manager or prior landlord (and verify that they are who they claim to be, not just a friend of the tenant) is critical. The time you spend researching a tenant up front should save you a lot of headaches later. I’ve had people show up in rental cars trying to look like they “had something.” One time, I had a woman applying for a $6,000-per-month rental with terrible credit. She told me she drove a G-Wagon. I remember thinking, what does that have to do with your ability to pay rent? Beware of shiny objects that can convince you to rent to the wrong person. I could go on with the BS I’ve dealt with over the years… LOL. From a systems standpoint, our management software is RentVine, which is similar to Rent Manager. These platforms typically have built-in tools that allow applicants to apply, pay the application fee, and complete detailed questionnaires. I also treat the application a bit like a job application. For example, my application asks: - Do you know how to use a mop and clean, or will you hire a maid? - Are you skilled with basic tools like a screwdriver or pliers? We don’t get into major renovation questions, but you could design an application specifically for a home where you’re effectively looking for an on-site home manager, (be careful on this, wording so they know it's just for the home and not the park). In that case, you might list a scope of work for the house and make clear that the tenant is responsible for handling certain repairs. In RentVine, I can design custom applications for each home. While mobile home tenants may be less “sophisticated” on paper, many have solid hands-on and practical skills. The next challenge, of course, is ensuring the work actually gets done—especially exterior and ongoing maintenance.

Anyone planning on going to this event?