How does it typically work for MH dealers who seek to place new homes on vacant pads in an established park? Do they pay rent from day 1 or only when they sell the home to a resident who will then begin paying lot rent?
Also, short of getting a MH dealers license, is it possible to get paid a commission from the MH dealer for steering a prospective buyer? Possibly by forming a joint venture to sell homes at the park?
I am looking at an asset in the mid-atlantic area which will have 11 vacancies and would like to go the new homes from a dealer route but also maximize revenue.
Thank you for your help,