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PhaseAreaQuestionsAnswer or ResourceModule & Video or Resource
Taking Over a ParkDocumentationWhich documents or paperwork do I need when I take over as a property manager?

Pre-Escrow Checklist

Watch Video

Module 2, Section 1 and Resources
Taking Over a ParkLeasing VacanciesWhat are the big "traps" or rookie mistakes I need to avoid when I take over a park?Watch VideoModule 2, Section 2
Taking Over a ParkLeasesHow do I change the leases?Watch VideoModule 2, Section 4
Taking Over a ParkRules and RegulationsHow do I change the rules?Watch VideoModule 2, Section 4 and Resources
Taking Over a ParkRental RateHow do I raise the rent? How do I increase the rental rate?Watch VideoModule 2, Section 4 and Resources
Taking Over a ParkLease Violations and Rule ViolationsWhat do I do if a tenant is breaking the rules or is late paying the rent?Watch VideoModule 2, Section 5
Taking Over a ParkIntroducing YourselfHow should I introduce myself to the tenants when I take over as a property manager or owner?

Worksheet Coming Soon

Watch Video

Module 2, Section 3 (4:30 minutes into the video), Resources
Rental RatesSetting Rental RatesAre my rental rates competitive? Are my rental rates too low? Are my rental rates too high?Watch VideoModule 3, Section 2, Section 3
Security DepositsSetting Security DepositsShould I increase or decrease my security deposit requirements? Are my security deposits competitive or are they hurting my leasing?Watch VideoModule 3, Section 4
Rental RatesLeasing VacanciesShould I offer free rent or leasing incentives to lease my vacant spaces or park-owned homes faster?Watch VideoModule 3, Section 3
Rental RatesSetting Rental RatesHow do I set my rental rates?Watch VideoModule 3, Section 2
Move-OutReducing Move-Out Costs / Reducing DamageHow can I stop tenants from damaging their space or from damaging their park-owned home? How can I get tenants to take better care of the park?Watch VideoModule 3, Section 4
Security DepositsTypes of Security DepositsShould I charge non-refundable security deposits? Are non-refundable deposits a good idea?Watch VideoModule 3, Section 4
Security DepositsPet DepositsShould I collect a security deposit for pets? Should I charge more for pets or dogs?Watch VideoModule 3, Section 4
LeasingLease TermsShould I rent to a smoker (someone who smokes)? Should I charge a bigger security deposit for smokers? Can I refuse to rent to smokers?Watch VideoModule 3, Section 5
LeasingLease TermsWhat is the maximum number of occupants allowed? How many people can live in a mobile home? Can I limit the number occupants in a trailer?Watch VideoModule 3, Section 5
LeasingLease TermsShould I require an ID (identification) when renting? Who should be on the lease? Should everyone be on the lease?Watch VideoModule 3, Section 5
Enforcing RulesLease TermsHow long can guests stay in the park? How do I get a guest to leave or to sign the lease if they are actually living there?Watch VideoModule 3, Section 5
LeasingPetsWhat are the pros an cons of allowing pets? Should I allow pets (dogs, cats, etc.)? Can I make a rule that tenants cannot have pets? What can I do about "service animals" or "companion animals"? What should I put in my pet policy?Watch VideoModule 3, Section 5
LeasingLease TermsWhat's better, longer leases or shorter leases? Are there any problems with a long lease?Watch VideoModule 3, Section 5 (about 11 minutes into the video)
LeasingRoommatesHow should I deal with roommates (room mates) on the lease? Should I allow roommates to pay with separate checks? Who do I send the security deposit to if I rented to roommates?Watch VideoModule 3, Section 5 (about 15 minutes into the video)
LeasingMarketing and AdvertisingHow can I advertise or market my vacancies or my park on the internet? How can I setup a website (web site) for my park? How can I market my vacancies with email (or an "email list")?

Watch Video

Watch Videos
Module 4 Section 3 and Resources (multiple videos in the resources area)
LeasingMarketing & AdvertisingHow do I get my web site listed with Google?Watch VideoModule 4 Resources Video Case Study Part 6
LeasingMarketing & AdvertisingHow can I advertise my park with video? How can I make videos and put them on YouTube, my web site, or other video sites?Watch VideoModule 4 Resources Video Case Study Part 7
LeasingMarketing & AdvertisingHow can I track visitors to my website (web site)? How do I know if people are coming to my web site?Watch VideoModule 4 Resources Video Case Study Part 8, 9, and 10
LeasingHandling Calls from ProspectsWhat should I do or what should I say when prospective tenants call about a vacant space?Watch VideoModule 4 Resource Videos - Look for the Role Play Videos towards the bottom of page.
LeasingHandling Calls from ProspectsWhat should I do or what should I say when prospective RV tenants call about a vacant RV space?Watch VideoModule 4 Resource Videos - Look for the Role Play Videos towards the bottom of page.
LeasingTouring with Prospective TenantsWhat should I say or do when a prospective tenant wants to take a tour of a park-owned mobile home or wants to tour a space? What should I do when we are walking through the mobile home?Watch VideoModule 4 Resource Videos - Look for the Role Play Videos towards the bottom of page.
Screening TenantsFinding Good TenantsHow can I get better tenants? How can I attract the good tenants that pay on time and treat the park (and me) well?Watch VideoModule 5, Section 1
Screening ApplicationsRental CriteriaWhat rental criteria should I have? Who should I disqualify during the screening process?Watch VideoModule 5, Section 2
Screening ApplicationsCredit ChecksHow do I run a credit check on an applicant? How do I read and understand a credit check or credit report?Watch VideoModule 5, Section 4
Screening ApplicationsRental History, Employment Verification & Criminal HistoryHow do I check rental history, criminal history and how do I verify employment or income?Watch VideoModule 5, Section 5
Screening ApplicationsReference ChecksHow do I run reference checks on an applicant (prospective tenant)?Watch VideoModule 5, Section 6
Moving-In TenantsReviewing the Lease & RulesHow do I review the lease and the rules with a new tenant?Watch VideoModule 6, Section 1
Moving-In TenantsReviewing the Lease & RulesWho has to sign the lease? Who gets a copy of the lease?Watch VideoModule 6, Section 2
Moving-In TenantsSigning Up RV TenantsWhat do I need to do to sign up an RV tenant that is renting an RV space?Watch VideoModule 6 Resources
Keeping TenantsKeeping Great TenantsWhy do good tenants move out of the park? Why do I keep losing good tenants?Watch VideoModule 7, Section 2
Keeping TenantsTenant Renewal StrategiesHow can I renew tenants? How can I stop good tenants from moving out of the park?Watch VideoModule 7, Section 4
Keeping TenantsTenant Renewal StrategiesShould I offer renewal incentives to get great tenants to renew? Should I offer leasing incentives for renewal?Watch VideoModule 7, Section 6
Managing TenantsEnforcing Rules, Regulations & Lease TermsHow should I deal with lease violations? What do I do when a tenant is breaking the rules in the lease?Watch VideoModule 8, Section 1
Managing TenantsCollecting the RentWhat should I do about late rent, partial payments, hot checks and unpaid rent?Watch VideoModule 8, Section 2
Managing TenantsDealing with GuestsWhat should I do about "guests" that I think are really living in the park?Watch VideoModule 8, Section 3
Managing TenantsKeeping the Park Clean & Maintaining Curb AppealWhat do I do about a tenant that has a messy yard or a tenant that refuses to clean up his or her yard? Watch VideoModule 8, Section 4
Managing TenantsDealing with Loud Parties and Loud TenantsWhat can I do about tenants that are really loud, that disturb the peace and that throw loud parties that keep the other tenants awake all night? (party)Watch VideoModule 8, Section 5
Managing TenantsCriminal Behavior (Crime)What should I do if I think one of my tenants is a criminal or that he or she is committing crimes in the park?Watch VideoModule 8, Section 6
Managing TenantsEvictionHow do I evict a tenant? How do I go through the eviction process?Watch VideoModule 8, Section 7
LeasingLeasing Vacancies FastWhy won't my vacancy rent? Why won't my park-owned home rent? Why is my park-owned home taking forever to rent?Watch VideoModule 9, Section 1
LeasingTurning Around a VacancyHow do I use a move-out checklist? What should I look for on a move-out walk-through?Watch VideoModule 9, Section 3
Move-OutPark-Owned HomesWhat should I do when a tenant announces they are moving out of a park-owned home?Watch VideoModule 9 Resources
LeasingPark-Owned HomesHow should I clean a park-owned home so it will lease faster? Should I use a cleaning checklist?Watch VideoModule 9 Resources
Running the ParkEmployees, Contractors & VendorsWhat kind of employees or contractors do I need to run my mobile home park?Watch VideoModule 10, Section 1
Running the ParkEmployees, Contractors and VendorsHow can I find good employees, good vendors or good contractors to help me run the park?Watch VideoModule 10, Section 3
Running the ParkHiring EmployeesWhat do I do to hire good employees? Which employees should I hire? A handyman? A maintenance person?Watch VideoModule 10, Section 7
Running the ParkMaintenanceThe last property manager left a lot of deferred maintenance - what should I do? Should I fix the maintenance problems?Watch VideoModule 11, Section 1
Running the ParkMaintenanceWhat kind of preventative maintenance should I be doing to keep costs down?Watch VideoModule 11, Section 3
Running the ParkMaintenanceDo I need an emergency plan? What should I do if there is a maintenance emergency in the park like a gas leak, down power line, or flood?Watch VideoModule 11, Section 4
Running the ParkMaintenanceHow quickly should I respond to maintenance requests? What do I do if I get a maintenance request from a tenant?Watch VideoModule 11, Section 5
Running the ParkMaintenanceShould I keep a maintenance request log book? Should I track maintenance requests?Watch VideoModule 11, Section 6
Running the ParkMaintenanceWhat should I do if the garbage trucks are damaging the asphalt in front of the dumpsters?Watch VideoModule 11, Resources
Running the ParkMaintenanceShould I trim the trees or should I pay a professional tree trimming company? How much money does it cost to trim trees. What do I do if the trees are into the power lines?Watch VideoModule 11, Resources
Running the ParkMaintenanceWhat do I do if the trees in the park have aphids that are dripping onto the cars parked beneath the trees?Watch VideoModule 11, Resources
InsuranceInsurance CoverageHow much insurance coverage should I get? Should I pay for liability insurance?Watch VideoModule 12, Section 1
InsuranceLawsuitsWhat is a "premises liability" lawsuit and am I at risk?Watch VideoModule 12, Section 1
InsuranceInsurance CoverageWhat types of insurance coverage should I talk to my insurance agent about for my park?Watch VideoModule 12, Section 2
InsuranceInsurance CoverageWhat is "renters insurance" and should I require my tenants to have a renters insurance policy in place?Watch VideoModule 12, Section 4
InsuranceLawsuitsWhat are some things I can do to reduce the park's exposure to lawsuits?Watch VideoModule 12, Section 5
TaxesIncome TaxesWhat should I do about income taxes and estimated tax payments on the profits from my mobile home park?Watch VideoModule 12, Section 6
TaxesProperty TaxesWhat are property taxes and how will they affect the mobile home park?Watch VideoModule 12, Section 6
TaxesDeductible ExpensesWhat kind of expenses can I deduct at tax time? Can I deduct the cost of an on-site property management office?Watch VideoModule 12, Section 7
TaxesDepreciationWhat is depreciation? How long will it take me to depreciate my mobile home park? Do I use straight-line depreciation or MACRS?Watch VideoModule 12, Section 7
TaxesTax Responsibilities for EmployersWhat kind of taxes do I have to pay if I have employees aside from payroll tax?Watch VideoModule 12, Section 7
Taxes1031 (Starker) ExchangesIs there a way to defer taxes if I am selling an investment property to buy a mobile home park? I've heard some people talk about 1031 exchanges.Watch VideoModule 12, Section 7
FinancesGetting Control of Your FinancesHow can I get this park's finances under control? How can I control spending?Watch VideoModule 13, Section 1
FinancesCash Flow BudgetHow do I create a cash budget and then manage cash flow into and out of the business so I can pay the bills?Watch VideoModule 13, Section 2
FinancesFinancial Ratios and Financial ReportsWhat financial reports should I be running? Are there any financial ratios that will help me analyze the performance of the park?Watch VideoModule 13, Section 3
FinancesCash ReserveHow can I build up enough of a cash reserve in case we have an emergency or a "cash crunch."Watch VideoModule 13, Section 4
Record KeepingIRS RequirementsHow long should I keep my records according to the IRS?Watch VideoModule 13, Section 5
Record KeepingElectronic Record KeepingCan I store my documents electronically? What about leases and financial documents?Watch VideoModule 13, Section 6
Record KeepingRecords Storage & Securing RecordsHow can I organize my records so that I can find them later? How can I secure my records to reduce the chance that they will be stolen?Watch VideoModule 13, Section 7
Hiring a Property ManagerProblems with On-Site ManagersAre there any problems with hiring an on-site property manager?Watch VideoModule 14, Section 1
Hiring a Property ManagerAffording a Property ManagerHow can I afford an on-site property manager?Watch VideoModule 14, Section 2
Hiring a Property ManagerAffording a Property ManagerShould I offer free rent or rent incentives to my property manager as part of the salary or compensation package?Watch VideoModule 14, Section 3
Hiring a Property ManagerAffording a Property ManagerShould I pay my property manager a percentage of rents or a percentage of gross revenue?Watch VideoModule 14, Section 3
Hiring a Property ManagerFinding a SuperstarHow can I find a really good property manager - a superstar?Watch VideoModule 14, Section 6
Hiring a Property ManagerAutomate HiringHow can I speed up the process of hiring an on-site property manager? Is there a way to automate hiring or use headhunters?Watch VideoModule 14, Section 7
Manage Your ManagerBuild a Strong FoundationHow can I create a strong foundation for my relationship with my property manager?Watch VideoModule 15, Section 1
Manage Your ManagerManaging from a DistanceWhat should I do if I my park is located in another city or town? How can I manage my manager from a distance?Watch VideoModule 15, Section 4
Manage Your ManagerCommunication ToolsHow can I communicate more effectively with my on-site property manager? What communication tools are available?Watch VideoModule 15, Section 5
Manage Your ManagerCommunication ToolsHow does Google Documents work?Watch VideoModule 15, Resources
Manage Your ManagerCommunication ToolsHow can we synchronize (sync) computer files between laptops, desktops and other computers?Watch VideoModule 15, Resources
Manage Your ManagerFraud, Theft & EmbezzelingWhat can I do to reduce theft, fraud and embezzlement by an on-site property manager?Watch VideoModule 15, Section 2