I am new to this forum, and MHP investing as well. My mother inherited a MHP that I am considering purchasing. It has 28 lots, 25 lots rented, with no trailers owned by the park. There currently is a site ‘manager’, in the sense he responds to maintenance calls and coordinated other tasks with my the current owner. My mother receives calls regarding new applicants, but she is not actively advertising. I am considering purchasing the park from my mother, and was curios on the option of hiring a management company. I live 4 hours from the park.
Question: What is everyone’s experience with utilizing a management company versus an on site manager? or any other additional options to consider? Any information would be helpful.
Thank you, and I know I’ll have additional questions as I pursue my first MHP purchase.