I received an email today from one of our district managers letting me know that the manager in one of the parks is upset that she is not number one on our list of best collections. She said if she can’t get to number one soon (she has 1 resident that hasn’t paid) she is considering paying it herself to get to number one. You have to love this kind of dedication. Of course, we don’t expect her to do this but if all our managers were like this our collections would really be outstanding!
We sent out an offer on a mobile home park and one of the biggest things that the owner was worried about was that he did not want us to buy another mobile home park in the same area. He started out wanting a 50 mile non-compete signed and we negotiated down to 15 miles. This is the first time this has ever come up. His reasoning on this was that he thought if we bought another park we might set the lot rents lower at the other park and get people to move from his park to the other park (in case we default or don