I’m a new member to this site and I’m learning a lot!
I appreciate all the great comments.
I’m curious about all the posts regarding POH vs TOH.
My question is regarding why it’s better to have a tenant owned home verses POH.
I have a park with lot rent of $250 for a TOH and rent of $550 for POH. My tenant turnover for POH is relatively low and my expenses are under control.
With 10 TOH generating around 2500 per month and and 10 POH generating 5500 per month, I’m struggling with why I would would want to convert from POH to TOH and cut my revenue significantly especially with low tenant turnover and minimal maintenance and repairs. At the end of the day I feel like my profitability will drop significantly with this transition.
I’m relatively new to this industry and I have a lot to learn. What am I missing? Thank you!