Closing on a park that hasn’t seen management in decades - one TOH is behind 1 yr!
Thank goodness - ALL TOH! Master metered, so Water, Sewer and Garbage is INCLUDED at these lot rents.
Market lot rent is 235 in the area -
Here’s the issue, newer folks are paying 140-150, a couple are 110 and there are a couple ‘little old ladies’ (according to the seller) are at 95. 95 lot rent - and that includes water, sewer and garbage…
Now, what to do…
My wife/partner says we need to ratchet it up 20-25/mo till we hit 195.
Some of my MHC buddies say 195 for all.
How are my ‘little old ladies’ going to fair going from 95 - 195 in one whack?
What would YOU do?