023 Mobile Home Roof Repairs with John and Chris

In today’s Mobile Home Investing Podcast episode #23 we’re talking to active mobile home investor Chris about his positive and negative roofing experience. From the very beginning Chris has asked questions and taken action daily to help others and make a name for himself in his local market. In less than 2 years Chris has helped over 18 sellers move-on with their lives, and 18 buyers find homes to own. Some of these 18 mobile home roofs were weak, older, and not as safe as Chris would like before reselling his properties. In today’s 33-minute podcast we’ll talk about some of these common repairs and tips for your own mobile home investing business.Some reasons Chris will tackle roof problems and pay for a new roof to be placed over the existing one:* Lower purchase price of subject mobile home.* Low competition if mobile home roof is moderately or severely damaged.* Access to more leads.* Chris knows his buyers will be paying him for 5+ years of cash-flow. Chris wants his tenant-buyers to be safe and happy while paying full-price for his mobile home over time.* More interested buyer and higher sales price.In this mobile home investor episode John and Chris cover:* 1:50 Quick background and Chris’s opinion on dealing with roof issues.* 4:01 At what point of repairs do you completely redo the roof?* 7:00 What condition do you find some mobile homes at with roof issues?* 8:34 Tips for roof inspection.* 10:43 Types of mobile home roofs.* 11:24 Podcast intermission* 13:10 Some roofing repairs* 14:45 Chris’s experience with roof repair materials* 17:50 Chris describes his process to add a metal roof over an existing roof.* 19:05 Selling a home and dealing with roofing repairs.* 22:35 Chris’s creative fix to solve a tenant-buyer’s roof trouble.* 23:40 Have you ever fallen through any roofs?* 25:40 Do you used licensed and/or insured roofers in town?* 28:06 Considering your exit strategy while investing.* 29:03 Purchasing homes at a discount.* 30:45 Chris’s experience dealing with mobile home shingle roofs.* 32:34 Advice for other mobile home investors.Step 1: Identify your situation (for investors)A. You already own the mobile home and it’s filled with a buyer/renter: If you are currently the mobile home homeowner then it is wise to use your insurance to help fix any serious roof and ceiling issues. If insurance is not available, then a decision must be made to:* Use your own money to fix the roof issue (if insurance proceeds are not available).* Borrow money to fix the roof issue.* Depending on your paperwork it may be the buyer’s responsibility to fix any roof issues. If so, aim to check-in regularly on your buyers if they are planning to fix the roof issues themselves or are using a local contractor.* Consider a win-win approach to working with your tenant-buyers already living in the mobile home and paying you monthly. As described in today’s podcast episode Chris offered his tenant-buyers to make him monthly payments for the cost of the new mobile home roof he installed. Over time Chris makes a profit on his energy and the roof repair.* If your buyer owns the home and is paying you monthly, consider checking with your local state’s government for housing repair assistance programs for lower income individuals in which your tenant-buyers may apply.* Leave the issue alone and live with the problem. In this scenario the problem likely only gets worse for you and the resident.* If the home is vacant and you do not want to make repairs, you may try to resell the mobile home in “As-Is” condition.