The MHP I’m considering has a variety of rent prices for the 58 tenants. Rent ranges from $90 -$150. The average rent price in the area is $200. (Missouri park)
What’s my best option to ensure everyone is paying the same rent?
- Raise everyone gradually to $150 then to $200 a year later?
- Should I raise the rent to $200 after purchase?
I’m worried that $200 is going to be a huge leap for some.
Thank you in advance.