My question is more in regards to the RTO structure.
So lets you have the lot rent@ 250 . You are going to have to bring in a home. The home will rent out for 495 on a RTO. How do you determine the term of the RTO?
So 250 month on LOT - 495 for the rental so rental is (245 a month).
So that is 2940 (for the year) in “RTO” Credit assuming also then is it a 100% credit towards the system. So lets say the home is 10k, costs 5 k to bring in so you are into it for 15 k.
Are you just saying , oh it will be a 3 year term, 5 year term, or 7 year term? So essentially losing money on the PHO (3 year term lose money, 5 year almost break even (less anything you put into, skip etc) , or 7 year profit (more realistically break even).
I am assuming that you can’t do an option exercise payment as that sounds more along the lines of a sale as well as DIScouraging ownership.
Also, as Frank discusses the green stamps, are you physically providing them something or just making a note on their account as 1 payment equals. I think we will be doing this route on homes so just trying to carry out the logistics of it all.
LASTLY :)o Thanks if you made it this far. Whats a good place for basic paperwork on RTOs and park specific items? I have the MH course by Frank and Dave which I think are great and was planning to use modified versions of those. Just wanted the PHO RTO some type of form for that reflected for the state of Texas. If anyone has any Texas paperwork they care to share, it would be greatly appreciated and would promise you Lunch if you are in the Houston area! I know you are not an attoney, dont give legal advice, entertainment purposes only etc (tu)