I am raising the rents at my park starting August 1st and sent out a notice for this about 3 weeks ago. I just received a letter signed by about 18 of my tenants basically reminding me that a high proportion of the park is elderly/living on a fixed income and asking me to forgo the rent raise.
I want to be 100% clear that the rent raise is going to happen. These tenants were spoiled when the previous owner didn’t raise rents for 10+ years and they were paying rents $80-90 below market. My raise in August will bring the park to just below market. The raise is $30.00 a month.
My first inclination is to just ignore the letter and anyone who doesn’t pay the increased amount next month gets a 7 day notice letter. But I would like to handle this in the most efficient manner as I can and I was wondering how other owners would handle this. Thank you.