We’ve recently purchased a small park (~60 spaces) with mostly older homes. We are trying to upgrade the park by filling the remaining lots with quality used homes.
A local home moving company brought me a lead on a home for sale by owner for a great price. The home is single-wide 1999 3/2 vinyl/shingle and is in perfect condition. I met with the owner and put the home under contract to purchase. I asked if she had spoken with the park management about buying it and she said they had no interest. The park is much larger (~250 spaces) and a town over about 15 miles away. For what it’s worth, the metro we are in has a lot of very large parks that are much nicer and higher lot rent.
Is this considered “poaching”? If so what approach would you take to avoid creating an enemy of a nearby operator?
Being new to the industry I’m interested what thoughts others have on this and how they would handle it from here.