Mobile Home Rent Collection Minneapolis MN

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When I started in the mobile home park business, I had absolutely no idea how to get tenants to pay their rent. My first park was a run-down dump with the lowest-class tenant base imaginable, but I was trying to collect from them in the same manner that you would collect from the Junior League. My ridiculous letters and weak phone calls probably produced more humor in the park than the Hee-Haw reruns. Despite all of my attempts, every time I went to check the P.O. Box, it was empty. I was a total failure at collecting. At the same time, the park’s bills kept piling up, without any funds in the account to pay them. Something had to give and fast.

It was in this era of total frustration and cash flow shortage that I forged my collections system which I call: “no pay—no stay”. It’s really quite simple. The git is that if you do not pay the rent each month when due, I simply kick you out. I don’t chase after you. I don’t send you nice notes reminding you that the rent is due. I simply file for eviction, and have the constable throw you and your stuff out on the street. Here’s how it works:

 

Invoicing the tenants

On the fifteenth day before the month in which the rent is due, I send the tenant an invoice telling him how much rent is due and that it is due on the first. In that invoice is a return envelope with the address already on it. Any late fees from the prior month are shown on the invoice, as well. That ensures that the tenant knows exactly what to pay and where to send it. The address is a P.O. Box, so that there can be no excuse that he “put it under the manager’s door and it was lost”, etc.

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Author: David Reynolds
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Century 21 Uptown Realty

6128772100
1406 West Lake St., Ste. 201
Minneapolis, MN