Posted by Shawn Sisco on September 28, 2011 at 11:36:00:
Thank You for sharing this website Jeff! It looks like I need to give myself a raise. As you know, I ascribe to the rule of thumb: Market price MHP Lot Fee = 1/3 of standard grade 3BR apartment rent.
My competitors are priced less than my lot fee rates, but by market standards - I am lagging about $75.per month.
Tool for Determining Market Rents - Posted by JeffB (MI)
Posted by JeffB (MI) on September 27, 2011 at 17:55:29:
I saw this on another site, and had never heard of it before.
I’ve sold alot of mobile homes over the years and didn’t even know this tool existed. I learned a lot about my market by just typing in the address of the park. These are things I should have known already, but it was a real kick in the face to see how many rental apartments in the area had rates about equal to JUST the lot rent in the park where I sell homes.