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The MHP Pros Mastermind

109 members • $97/month

Mobile Home Park Mastermind

837 members • Free

178 contributions to The MHP Pros Mastermind
E Pay option in Rent Manager
Does anyone use the e pay or ACH option in rent manager for vendors? Avid has been a slow process and wanted to try a different one. Any success?
1 like • 26d
@Victor Alves absolute legend
1 like • 26d
@Michael Pansolini @Michael FitzGerald I use Ramp for CCs and it’s great. I hear “bill.com” is great too but haven’t used it. Yes, AVID is worth the pain in setting it up and learning the systems. It’ll flow better and query better, but like anything, you have to pick your software/ partners and build your own systems from there. Any of these could put you in a great spot. All of them will require effort on your part
Rent Increase
Is NC 30 day or 60 notice? I thought you only needed/required a 30-day notice. What Claude said-(First day using Claude instead of Chatgpt :)) For general NC month-to-month leases: The notice period for a rent increase on a month-to-month lease is typically 30 days. Legislative Reporting Service But for your MHP specifically: Under the North Carolina Mobile Home Park Act, landlords must provide mobile homeowners with a minimum of 60 days written notice before increasing rent. Zook Cabins So it actually depends on which type of tenant you're dealing with: Tenant who owns their home, rents the lot from you → 60-day rent increase notice (MHP Act applies) Tenant who rents the home AND lot from you → this gets murkier, but to be safe 30 days is the floor, and 60 is the safer choice since the lot is still involved My recommendation: keep 60 days in the lease for all rent increases. It's the safer, more defensible position and it actually helps you too — it gives you time to handle pushback or turnover gracefully. Would you like me to update the lease to clarify this distinction, or leave it at 60 days across the board?
2 likes • 27d
@Michael Pansolini @Connor Cogdill beat me to it. Landlord law is all under statute 42 in NC
florida banks
Anyone have recs on florida banks for financing? or florida adjacent that will finance in fl?
2 likes • 27d
@Michael Pansolini @Caleb Hogan email me and I can make some intros
RV Park Owners
Does anyone own RV parks in this group? I’m getting pulled into a deal and need some connections.
4 likes • Feb 24
@Kari Pesch @Matt Fonk i own two RVPs. Email me
Flood zone/floodplain
How do you feel about a park in a flood zone? Would that deter you from purchasing? Anything to look out for if moving forward? Also would you get flood insurance?
3 likes • Feb 16
@Charlie Wang I own several in flood zones. There are ways you can work around them, but debt and insurance will be more expensive and your exit pricing will be lower as more risk means less eventual sale price. You can and should look at them, however, as they can make sense. I would avoid flood ways. A flood way is on another level of risk and I personally haven’t seen any make sense mathematically.
3 likes • Feb 18
@Charlie Wang yes 100% insure yourself even if you are on seller carry, even if you own it outright with no debt. Insurance is like a seat belt: annoying when you don’t need it and a life saver when you do
1-10 of 178
Ryan Narus
6
1,390points to level up
@ryan-narus-3698
Ryan Narus

Active 2d ago
Joined Jul 15, 2024
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