For those of you who have bought a park and raised rent upon purchase more than $100, can you share how many occupied lots there were on purchase and how many left after the rent increase? Looking for information on TOH communities only. Interested to see if there is a common percentage.
I have done $100+ post acquisition rent raises on 6 parks, usually from sub $300 to closer to $400 with market at $500. I’ve never had a home moved out. I have purchased homes that went up for sale after but only a handful. Most residents look at other parks and see they are even more lot rent than what the new amount is.
We have a handful of deals that will be coming available in the coming weeks for assignment. Here are their locations and pad counts with occupancy. We will probably buy the Brownsville and maybe Centralia depending on the DD. The rest will be up for grabs. If you're interested shoot me an email: erik@equalhousinggroup.com
I make maps of my parks in Canva to visualize my parks in real time. I find it helpful for my contractors such as lawncare to have maps with real time occupancy. Does anyone know if there is a better way to do this? I use Rent Manager for my management software & curious if anyone has seen or built anything that pulls data from RM and updates a map? In the storage facility software world, this is common. I have found it extremely helpful when you're on the phone with someone trying to explain where a certain home is.
Looking to see what others have done to repair their asphalt, and if you repaved, can you share what you paid for the area repaired? (I realize factors such as density, surface area, etc are calculated into pricing) Thank you
@Nate Spradlin I thought the millings turned out pretty well. It’s not as good as paved but it works and the residents like it. Fixed all the pot holes as this park was really bad.