Within the last week I purchased my first park. There is only one park owned home and 19 lots rented (100% capacity). There are 12 month leases currently in place which were all initiated in March of this year. Should I have new leases signed naming me as the lessor or just continue with the current ones until they run out. I’ve just distributed the park rule book naming my LLC as the owner as well as a welcome letter.
Looking forward to your thoughts…