Posts tagged: mobile home park collections

Mobile Home Park Collection Tips

One of the most difficult and time consuming tasks of a mobile home park manager is in the collection of rents. It has been my experience that about 50 percent of your residents will never have a problem paying on time. Then about 25 percent may be late on occasion and are also not a major problem. It is the other 25 percent that will take most of your time and efforts.

It is this last 25 percent that will often make or break the deal. Read more »

Tags:

categories mobile home park business operations | Dave Reynolds | datetime December 7, 2009 11:00 am | comments Comments (0)

BEING SOFT ON COLLECTIONS DOES NOT HELP ANYBODY

Written by Frank Rolfe and Dave Reynolds, MobileHomeParkStore.com, LLC

When I first got in the mobile home park business, I was very inexperienced in collections. My natural instinct was to be nice to my customers and never offensive. So when I first encountered customers who would not pay their rent, I did not want to offend them by filing evictions. Instead I tried phoning them or sending reminder letters. Time marched on. After they promised to pay several times and still never did, I realized my methods were not working and that I would need to “toughen up” and change my ways – and I started filing evictions as soon as I could once they had failed to pay on time. Read more »

Tags:

categories mobile home park business operations | Dave Reynolds | datetime December 6, 2009 5:26 pm | comments Comments (0)