I’ve owned my three parks for four years now. I have had three park residents move their homes out of my park, one of which was a real junker, which could not be worth the cost of the move. I had a buyer move a really nice home out of the park to move it to his farm.
I also have had homes move into my parks. There was one from a park that was being shut down and three from other parks that have been too aggressive with the rent raises and bill backs. I did not pay their moving expenses.
What is working for me in filling vacant lots is to pay my managers a healthy finder’s fee for used homes that I buy and move into my parks. I find I am typically out $17,000, to $20,000 by the time I have a home renovated and ready to go. I sell them with financing with two plans; Plan A, $2k down, $700/month (lot rent + loan payment) 0% interest, or Plan B, $2k down, $650/month (lot rent + loan payment) 5% interest. I use a MLO where possible. With this system, I recover the money I am out in about 2 years after it is sold. I have done and am in the middle of 6 such deals in the last 3 months. I have sold the houses with a $2k to $4k markup, but I would be ahead if I had to sell them at a $2k to $4k loss.