The quality of your cash flow is a reflection of your tenant base. Mobile home park operations is a collections business. Find and keep good tenants.
Here is a quick criteria of things to look for:
- No felonies in the past 10 years
- No evictions in the past 5 years
- No history of theft
- Gross monthly income should be at least three times monthly rent. Verify with pay stubs, bank statements, etc
- Analyzing the prospect's rent score to determine their ability to pay essential bills (utilities, car insurance, rent, etc.)
It isn't always clear if someone is on the fence. At which point, you can request several months in advance for rent or a strong co-signer.