Mobile Home Park Manager Sentenced For Embezzlement
The 62 year old ex-manager of the Chico Mobile County Club was sentenced to 6 months in prison for the admitted embezzlement of $132,000 from the mobile home park over a period of three years.
Cheryl Warner was discovered to have deposited tenants’ rent money into her own account while serving as manager at the 178-space park. The theft was discovered in 2008.
The manager had tried to put the money back in the account “but it snowballed out of control and she was in over her head” said her attorney Phillip Heithecker. She claims to have needed the money to support an adult daughter who was seriously ill.
Frank & Dave’s Opinion of This Story:
It’s a shame this owner did not read any of our stuff – he’d have known the dangers of accepting cash rents. The park has said that they will no longer accept cash after this fiasco – but it’s a little late now. Frank found a manager once, during due diligence, that had stolen $30,000 in rents over a relatively short period. But this manager had that one beat by a mile. The next time you think your grandmotherly manager would never do such a thing, just remember this story.
Tags: mobile home park business, mobile home park business operations, mobile home park collections, mobile home park investing, mobile home park rules
Uncategorized | Frank Rolfe | 
April 23, 2010 1:26 pm