MHPs: Raising Lot Rent During Pandemic?

[April Eilers]

Hi Everyone! We are trying to sell our MHP in Hawthorne, Nevada and feel that the return could be greatly improved (and hence the appeal to buyers greatly increased) if we were to raise the lot rent. Based on our research, high demand when we advertise a spot, the fact that the park is fully leased, and input from locals, we think our current lot rent is well below market value. What are your opinions about whether or not we should try to raise the rent during the pandemic and what a reasonable increase would be? The current lot rent is $225/space (water included) and the last increase was two years ago. Thanks!