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Community Update
Wells Fargo Multifamily Capital Article - Whose Dollar is Greener?
By: Tony Petosa, Nick Bertino, and Erik Edwards of Wells Fargo Multifamily CapitalDespite a turbulent start to 2016, with the capital markets roiling from weakness in China and a downward spiral in oil and stock prices, borrowers have…
Phil Querin Questions & Answers
55 & Older Communities - A Review
The Fair Housing Amendments Act (FHAA) went into effect on March 12, 1989.  That Act amended Title VIII of the Civil Rights Act of 1968, which prohibited discrimination based on race, color, religion, sex or national origin in the sale, rental…
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55 and Older Communities, Fair Housing
Phil Querin Questions & Answers
Phil Querin Q&A: Resident Refuses to Pay Rent Increase for Last 6 Months
Question - A rent increase notice of $20 was sent out last year and became effective October 1, 2015. A resident has refused to pay this increase, and has tendered rent for the pre-increase amount. Can I give her a 72 Hour Notice (MHCO Form 42…
Community Update
Justice Department Settles Housing Discrimination Lawsuit - $40,000 Against Owner Mobile Home and Recreational Vehicle Park
 The Justice Department announced today that Thomas Mere, the owner and operator of Mere's Mobile Home and Recreational Vehicle Park in North Fort Myers, Florida, has agreed to pay $40,000 to resolve allegations that he discriminated against…
Phil Querin Questions & Answers
Phil Querin Q&A: Home On Storage Agreement is Not Maintained - 3 Day Notice of Non Compliance
Question - A resident moves out of their house but the daughter continues to pay a storage fee and signed a MHCO Storage Agreement. The home is not being occupied by anyone. All storage fees are current. However, no one is maintaining the yard…
Property Management
Avoiding Common Mistakes That Have a Big Effect On a Mobile Home Park's Cash Flow
Over the years, in selling a lot of parks and reviewing a lot of profit and loss statements, there are several common mistakes owners make that are easy to correct.
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Cash Flow, Mobile Home Park Cash Flow