It's wise to take into account market research and any upgrades or additional benefits for the tenant.Determining when to raise the rent is influenced by various factors such as lease renewal dates, local market conditions, tenant satisfaction, and lease agreements.

Upgrade to newer!

Technological Enhancements: What technology upgrades have you made to improve the efficiency and customer service of your business, and what impact have these had on your sales and customer satisfaction?

I have plans to upgrade the interior as I’ve heard about the “live and flip” concept from a bigger pockets podcast episode about getting started in real estate.

But I've had a lot of issues with the accuracy of Zillow's estimate in terms of accuracy as it really isn't; in my opinion, structured to predict changes in rent over time or take into consideration any additional amenities or upgrades.

My personal trusty cash flow analyzer has served me well for my own deals, but it’s upgrade time for something with more oomph.

My thought is to upgrade the mobile homes and raise the rest for some serious cashflow.

Using a 1031 Exchange we were able to defer capital gains taxes and upgrade to the VRC.

-Add value: Look for properties that have the potential for value-add improvements, such as cosmetic upgrades, energy-efficient upgrades, or additional amenities.

Value Investing: Identify undervalued properties with potential for appreciation, often through strategic renovations or upgrades.