Greetings to you all. I have been lurking for a bit, we were in the market to purchase a small park here in Missouri. We passed on one park with 20 units and have signed a contract on one that we think would be easier to start with. It’s 8 pads, 1 park owned home in need of complete renovation and 2 houses. One pad is currently empty, we have located a mobile home to put in that spot making 2 park owned homes. Currently the park has a nice visual appeal with the majority of the residents having been there many years. What kind of generic “rules” do you all have? We want to go in with a friendly attitude but with a understanding that there are some things that we will or will not allow.
You’ll see and hear alot about pets, cars, junk… One policy I was not prepared for is pot.
Know your local law’s and be prepared to hear that question. My personal beliefs are torn between ‘the law is the law’ and what happens in the privacy of your home is your business, as long as it stays inside your home. In other words, if I’m not aware or seeing evidence, we’re good; stink it up so people outside can smell or generate traffic and we have a problem.
I believe Mo. instituted a minimum of 120 days before an eviction can be completed and the atmosphere is leaning for the benefits of tenants. Personally I would past on any park with less than 20 sites and as mentioned KNOW the laws for MO. on MHP’s Our first park was 235 sites and the ability to have greater efficiency and much better resale increase greatly with more sites. If the park is within 15 minute of your home maybe ok ???
Thanks, the park is within 5 miles of my house. It also is on 15 acres, wooded and scenic that we intend to develop into some Airbnb spots with tiny home cabins. Plus it was very affordable. Thanks!
This is one set of rules I found on line, there are many more. Keep in mind you must study your state landlord tenant regulations when drafting rules to insure they do not contravene state law.
Also keep in mind that tenants will do the most unimaginable things which means you need rules to cover everything conceivable. This is not a new industry so keep in mind there is a reason or precedent for every rule you find.
You need to be less concerned about “friendly” and more concerned about having adequate control over your business as a new owner. Friendly will follow.
Send me your contact info and we can discuss.
MO MHP owner/operator and MO attorney.