Thanks for the input. I’m trying to figure out why this has happened. I looked at two parks in the same town listed by a broker. One has POH at $425 a month with 30% vacancy. The other has POH at $410 a month with 20% vacancy. Then the broker tries to show upside in rents (even with the current vacancy) by comparing each park to another in the town that he says has POH at $775. The thing is, I recognized the other park. If you look at that park in the aerial google maps view, it looks like about 1/3 of the park is vacant. The top 1/3 is vacant. Switching to the street view on G maps, there are zero homes in the park. The shots were obviously taken on different days. Investigating, I saw the park was bank owned in 2012 so it looks like this was turned around recently. That’s cool, but I don’t see why they are getting $350 more for their rent. The big different I saw was that the park is all new single-wide homes.
I would think that the other parks could increase their rents, but their vacancy isn’t great. Both parks are all rentals with about 10 vacancies so not bringing in homes isn’t really the issue.