I own a park with a few park owned homes.
A tenant recently moved out of one of the units.
The unit currently rents for $525 but with a few thousand dollars worth of renovations, I can get $725 per month with a new tenant.
My lot rent is $350 per month.
I have a prospective buyer for the unit at $7000. It’s an 80’s Trailer’s in very solid and good condition. It’s brought steady income for many years with little headache.
Is the $375 difference between lot rent and tenant rent enough to continue to rent or should I take the 7k for the trailer and move on? I realize that the “business model” is to sell the POH but I can’t help but question myself especially with the extra $375 per month!