Raise rents on acquiring the park

I bought a small mobile home park 23 units , it needs little bit cleaning up some road patch , lights, trimming trees and stuff . I want to raise the rents $30 each space , should I wait after I fix the park up little bit or should I do it from the beginning now .

If your rent is under market rates, do it now. Then start your cleanup. Tenants will see the efforts and understand that paying more gives them a nicer place. I have regretted waiting to raise rents in the past.

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I would do it immediately, residents will expect it with a transfer of ownership, then once the updates are completed (on the anniversary date) you will be in a position to justify your next significant increase.

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