Many landlords are scared to push their rents right now. In the self-storage industry, for example, landlords are considering rent reductions more than increases, and many real estate owners feel lucky if they can leave their rents unchanged this year. Articles are abundant, talking about the inability of office and commercial landlords to maintain current rent levels if they want to attract or retain tenants.
Rents Falling Everywhere – Are Mobile Home Parks Immune?
Well, it’s a different story in mobile home park land. And it highlights some of the key reasons that mobile home parks are the best niche in real estate investing.
So how can you raise mobile home park rents when every other landlord is stopped dead in their tracks? Several reasons:
It costs a tenant $3,000 to move their mobile home out of your park and into another. So, basically, you can continue to raise rents because the cost for […]
Original post by Frank Rolfe and software by Elliott Back
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