Are you renting out the trailers or just renting out the spaces and they have their own trailer? I don’t get it about the by-the-week fee.
How hard is it to get tenants out? If you can hook up to their rig and pull them into the street without notice, that is one thing. If it takes you a full year to evict, that is entirely different Seriously, I would have to give mobile home owners a full year’s notice to vacate where I live and sometimes you have to pay them relocation money. You’d better believe I’d be strict about who gets in.
If it is an RV park, like a campground, I think you need to see what other RV parks are charging and what they require to get in. Also, how many other parks have spaces available so that your potential clients could just go down the block and rent elsewhere. I’ve never had a campground check my references, but I’ve never stayed more than a week and they have my credit card number.
I like to see enough income to pay the rent, which is three times the rent, and I count take-home income, not gross.
If you are like most RV parks, you are paying for their water, sewer, trash, and electricity. I would sure hate to be struggling to get a deadbeat out while I was paying for all of his utilities.
The long stay campground in my area has a serious problem with crime, police calls for violent felonies. Be sure to check criminal.