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Updated over 6 years ago on . Most recent reply

User Stats

16
Posts
11
Votes
Thomas Hanks
  • Rental Property Investor
  • Fallon, NV
11
Votes |
16
Posts

Space rental at a mobile home park

Thomas Hanks
  • Rental Property Investor
  • Fallon, NV
Posted

I'm looking at buying a 7 space mobile home park with one stick built house that is owned by the park.  All of the  mobile homes are owner owned.  I was thinking of charging a flat rate  per space.  This morning I was given the space rental rates and there are 3 different rates being charged. All of the spaces in the park are the same size. 

Is it normal for a park to charge different spaces different space rent? 

thanks 

Most Popular Reply

User Stats

74
Posts
26
Votes
Aman S.
  • Investor
  • South Riding, VA
26
Votes |
74
Posts
Aman S.
  • Investor
  • South Riding, VA
Replied

It is very common. Maybe they started the leases at different times, I have rents from $215 to $285. I am planning to standardize the rents, it is going to take some time though. I am not going to increase by more than $20 per year. 

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