All Forum Posts by: Travis Elliott

 One of the ongoing debates in our industry is over rentals as opposed to owner occupied. Make no mistake - it is a legitimate debate worthy of discussion.

I do not, and never have, done rentals. The reason is simple. A community with no rentals is worth more because it makes more money in the end than a community that has rentals. The costs associated with a community doing rentals are significantly higher than a community leasing space to owner occupied.

Other, I am sure, will have many reasons why they prefer rentals.

 One of the ongoing debates in our industry is over rentals as opposed to owner occupied. Make no mistake - it is a legitimate debate worthy of discussion.

I do not, and never have, done rentals. The reason is simple. A community with no rentals is worth more because it makes more money in the end than a community that has rentals. The costs associated with a community doing rentals are significantly higher than a community leasing space to owner occupied.

Other, I am sure, will have many reasons why they prefer rentals.

@Travis Elliott, @Account Closed provided a ton of excellent info to help analyze this deal. I recommend that you search for Charlie and Kevin Bupp's podcast and their website. I'm sure you'll also gain a ton of insight listening to a bunch of their episodes and spending time on their site. 

It's been great following this conversation, as it's helped me narrow down my own MHP criteria/analysis skills. 

Good luck with the deal and keep us posted!

-Andrew