I have a 73 pad park in a high demand area, and the lot rents were just raised to $390.
There is a 250 foot stretch along one of the roads that is undeveloped and well located.
I have no idea how open the local government would be to allowing me to increase the occupancy. However, has anyone built out a park before, and what was the approximate cost per pad? (road is already there, and all utility lines likely run past the lots through the main road)
Any thoughts on the general lot rent level when building out more pads starts to make economic sense?