Rent Credit Review

Looking for clarity.

I get when you bring a new home in to fill a vacant lot and count a large % of that to recovering the cost of the mobile. My question is mainly with existing rentals and wondering if the rent credit comes out of the net of that lot or are we absorbing insurance and maintenance just to get out of that part of the business?

It’s an accumulation of credit towards the home rent component. So if you have home rent at $500 and you’re doing a 50% credit then the tenant will get $250 credits per month towards a home in the Park. Once they have enough credits they purchase the home they’re in or one of the other homes available.

The common comparison is to Southwest points. You can use the points on various flights to different destinations, and depending on the cost and demand the number of credits varies accordingly.