Posted by Tony Colella on October 30, 2005 at 12:58:23:
In Reply to: Re: REPO mobile home with Unpaid rent posted by Liz on October 30, 2005 at 12:15:03:
Absolutely. In most cases we received a generous discount on lot rent owed but this was after we were established in the park and had proven to be an asset to the park.
When dealing with the park managers it is important to try and get them to understand that you are interested in buying the home but the amount of lot rent owed is too high. If they would be willing to work with you on the lot rent owed by the repo company and the old tenant, then you can get the lot rent performing for them. If not, they will continue to have a vacant home paying no rent with no end in sight.
A good park manager or owner will understand the importance of cutting the losses in favor of getting the lot rent performing again. A greedy owner or park manager will cut off their nose to spite their face and by being unwilling to budge on the back rent, will not receive new rent.
Lonnie's books a great a teaching negotiating mobile home and working with park managers. Stick to the book and you will do fine all around.
Best Wishes,
Tony