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Accepting Rent from A Resident In Default

Property Management
MHCO

Rule 1. Do not accept rent if you know that the tenant is in violation of the Park Rules and you intend to issue a 30-day notice of default. Example: If the tenant has an unpermitted pet or has someone living with him/her who has not applied for residency as a tenant do not accept rent if you are planning to give the tenant a 30-day notice of default.

Working with Residents' in Disaster Preparedness

Property Management
MHCO

Generally speaking, this committee should consist of :

 

  • Chairperson
  • Training Coordinator
  • Communications Coordinator
  • Emergency supplies manager
  • Residents with knowledge or experience in financial, insurance and legal issues

 

 

Revised Form 1 and New Form 1A - Compliant With New HUD Ruling on Criminal Background Checks

Community Update
Chuck Carpenter

MHCO has uploaded a revised Form 1 (Resident Application) and a completely new Form 1A. MHCO created the additional form (Form 1A) to accompany the general application (Form 1) to be used if the applicant reports any criminal history. These changes will go a long way in complying with the HUD memo, without unduly burdening landlords and managers.

Community Financing: Interest Rates Still Near Historic Lows, Despite Volatile Markets

Property Management
MHCO

The marketplace for income property financing has benefited greatly from shifts in the economy. Volatility forces commercial lenders to gravitate towards lower risk, stable, income-producing real estate. Manufactured home communities are increasingly high on their lists, since the cash flow is consistent and demand for affordable housing is strong.

Community Financing: Interest Rates Still Near Historic Lows, Despite Volatile Markets

Property Management
MHCO

The marketplace for income property financing has benefited greatly from shifts in the economy. Volatility forces commercial lenders to gravitate towards lower risk, stable, income-producing real estate. Manufactured home communities are increasingly high on their lists, since the cash flow is consistent and demand for affordable housing is strong.

Planning Ahead for Disasters

Property Management
MHCO

Step 1: Learn all you can about the kinds of disasters that could possibly occur in your community - there may be some that you are not aware of. Good resources for this information included your local emergency management office, the local American red Cross chapter or a state-level emergency preparedness agency.