To raise or not to raise?

Leases are coming up for renewal in my community and I had planned to raise everybody $5. I’d really like to go $10 but not gonna happen this year. I think raising rents even just a little each year is a good thing and gets them used to regular increases. I’m just wondering if a rent raise is good given this economy. My big concern is if I give people a break this year they will complain like crazy when the economy improves and I try to play catch-up.

I’ve called other parks and I’m probably right where I should be for lot rent. Some are higher in nicer parks and some lot rents are lower in lesser places.

What do you think?


Wheat Hill