Mobile Home Rent Collection Minneapolis MN

Mobile home park landlords can run into problems with rent collection from tenants, and a "No pay, no stay" policy may be just what you need. These are some tips to show tenants the "tough love" they need to keep themselves and the park out of debt.

Local Companies

Century 21 Uptown Realty
(612) 877-2100
1406 West Lake St., Ste. 201
Minneapolis, MN
Keller Williams Realty
(952) 400-7000
3100 West Lake St., Ste. 300
Minneapolis, MN
OnPoint Real Estate
(612) 216-4379
3208 West Lake St., Ste. 8
Minneapolis, MN
Logan Park Neighborhood Association
(612) 781-0700
1330 Van Buren St. N.E
Minneapolis, MN
Audubon Neighborhood Association
(612) 788-8790
2955 Hayes St. N.E
Minneapolis, MN
Waite Park Community Council
(612) 789-5104
1810 34th Ave. N.E.
Minneapolis, MN
Jackie Funk
612-821-7183
Coldwell Banker Burnet
Minneaplis, MN
ApartmentSearch by CORT - Roseville
(651) 636-3860
2375 Fairview Ave. N.
Roseville, MN
Bellaire Properties, Inc.
651-484-8833
1700 W. Hwy. 36, Ste. 650
St. Paul, MN
A 1 Real Estate Company
651-636-3488
2233 Hamline Ave N
St. Paul, 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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Featured Local Company

Century 21 Uptown Realty

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