I have a park under contract where the market rent is ~$400, however the park charges between $210 and $250 currently. Would you A: raise everyone $50 across the board, or B: raise everyone’s rents to the same amount (i.e. $295, or $275)?
More background: it’s all tenant owned, city water/sewer, direct billed, the park is simply one long road so all the lots are fairly equal (i.e. no corner or premium lots), there’s really no justification for different lots to be paying different prices.