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Updated over 3 years ago on . Most recent reply

Shane Jeanfreau's profile image
Shane Jeanfreau's profile image
Shane Jeanfreau
  • Investor
  • from New Orleans, LA
  • Member since Dec 14, 2013
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Shane Jeanfreau's profile image
Shane Jeanfreau's profile image
Shane Jeanfreau
  • Investor
  • from New Orleans, LA
  • Member since Dec 14, 2013
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Shane Jeanfreau
  • Investor
  • New Orleans, LA
30
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107
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Mobile Home Park Investing

How much is to much on raising LOT rent

Shane Jeanfreau
  • Investor
  • New Orleans, LA
Posted

I have a park under contract with fairly low lot rent for the area. Problem is the park does not make sense unless I raise the rents on the 26MH pads from $150 to $300. Not sure if anyone ever raised rents that much but just curious what others have done when it comes to day one owning the park.

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Gail Travers's profile image
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Gail Travers
  • Member since Feb 27, 2019
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Gail Travers's profile image
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Gail Travers
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Gail Travers
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Gail Travers
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Ask yourself how you would like to hear the news that your rent/mortgage/taxes were being doubled.  Then you can answer your own question. 

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