MHP #930: What to Do When Purchasing a Park with Inferior On-Site Management & Maintenance Teams

Today's episode is from Mobile Home Park #27 that origianlly aired on Sep. 27 2016.

Our experience in a park we own in Raeford, NC. We recently acquired this park and quickly realized that both the on-site management and maintenance staff needed to be replaced ASAP! We discuss how we quickly identified the challenges associated with their poor performance and how we handled the transition with a completely new management team. This is a common scenario you will experience when purchasing turnaround or distressed mobile home parks and so we thought you might learn from our personal experience. 

 

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