Mobile Home Parks In Real Life (MHP_IRL) cover image

Skill: Underwriting Essentials

Mobile Home Parks In Real Life (MHP_IRL)

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Moblehome Park Rent Increases

Ean, and i have seen this same mistake countless times by people over the years. In miles's case, the property charged about a hundred dollars less than market. Doling out a hundred dollar rent raised day one might result in a call from the states attorney general. At 35 dollar increases per year, miles could comfortably get this property to market within three years. But his initial pro forma took nearly five years to hit to day's market.

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