Collection Losses/Bad Debt - Mobile Home Parks
What is a normal collection loss (in addition to vacancy) for a standard mobile home park with proper management? How much should I forecast? The region is South Alabama - Middle Income. I have no clue what to expect. Generally, with multifamily, it is 1%-2%, but a self-storage development - I have seen as high as 20%, but 5% is usually typical from my experience. Thanks for the help!