We are putting together operating projections for our park turnaround project here in SC. We have about 53 spaces and 34 vacant. We will be bringing in single family mobiles and selling them on a lease/option.
Our original projections were to add about 1 unit a month for 3 years until the park was fully occupied. This number was based on the local real estate rental occupancy level being very high. The monthly sales payment + lot rent will be comparable to rentals in the area…But, after visiting the MOM (if you haven’t been, you must) I realize that this projection might be a little aggressive. Is there a good rule of thumb that I can use in my projections? Any other indicators that I can use to adjust my projections?
Thank you in advance for your help.