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Updated about 1 year ago,
Raise lot rent or back bill utilities?
Buying a MHP where lot rents are a decent amount under market value, around $100-200 under. The owner also pays water/sewer. I don’t want to go in spike the tenants monthly payments right away but something needs to be done. Should I raise rents and still pay utilities? Or back bill utilities and keep rents the same for now?