We have two very different properties. One is apartments, the other a mobile home park. The MHP is for owner occupied homes only. Each property is a separate LLC.
We have a very lengthy, detailed application for the apartments, to make sure no criminal history, but also that they are stable as far as employment, have good rental references, etc. We require four most recent paystubs, run credit checks, etc.. We offer both on-line and paper applications. However, the software we use only allows for one type of application to be used when applying on-line.
With the MHP, basically we need to screen the prospect buyers to make sure they have no criminal history and no evictions. We find most of these applicants are not near as computer savvy, so the on-line application process turns them off. If approved to live in the park, we turn them over to a lender we work with for the financing end. Basically, the lending partner makes the determination if they make enough money, etc.
Can we have two different application processes (one for the apartments and a different one for the MHP, with different application questions and requirements as far as what is needed for approval?
Always heard you should use a paper application that mirrors the on-line application, which we do for the apartments, but the MHP is a slightly different animal, so to speak.
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