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Question: “I’ve heard conflicting information on whether or not mobile home lot rent is tax-deductible. What’s the verdict?” – Chase O. (32), Albany, NY Answer: The complete answer is somewhat complex. However, in the eyes of the Internal Revenue Service (IRS), mobile home lot rent is typically not tax-deductible as a personal expense. Generally, the […]
Question: “I’m getting ready to buy my first mobile home! I’ll be meeting with the seller soon and I need some advice on negotiating a fair price. Any tips?” – Sandra F. (39), King City, CA Answer: Congratulations! Negotiation is an essential part of buying a home and involves research, effective communication, and a willingness […]
Question: “My park accommodates park models as well as regular mobile homes. Will I be required to move the park model once I sell it?” –Kenneth C. (33), Grass Valley, CA Answer: This will depend on what your park management instructs you to do once you’ve sold the park model. While some parks in California […]