Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Mobile Home Park Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago on . Most recent reply

User Stats

38
Posts
29
Votes
Dale Degagne
  • Investor
  • Canada
29
Votes |
38
Posts

Reasons for Rent Abatement?

Dale Degagne
  • Investor
  • Canada
Posted
A mobile home park I'm looking at has rent abatement of around 3% of the lot rental income on the T12 (tapering off to around 1.6% in the last few months). 

What are some common reasons for rent abatement in parks and does it impact your Due Diligence at all?

Most Popular Reply

User Stats

167
Posts
164
Votes
Mario Dattilo
  • Investor
  • Naples, FL
164
Votes |
167
Posts
Mario Dattilo
  • Investor
  • Naples, FL
Replied

This would be a big red flag for me. Why are they giving it to the residents, for how long?  I would have our attorney review the terms closely. I would be looking to understand if these would need to be offered to new residents moving in for the future or if this was a one time situation. Was it voluntary or mandated? What state is this in?

Loading replies...