"Those people are completely bleeding us, and they don't care. Residents are left feeling helpless and afraid as they face rent increases without clear communication from management."
"The LLC does three things: it reduces liability, adds tax benefits under the tax code; the sort of secret added bonus is obscuring ownership. This structure complicates accountability for residents."
"We look for communities we think will have long-term stability in areas where there's a strong need for affordable housing and where we believe the local jurisdictions will be supportive of our efforts."
Residents of mobile home parks are experiencing substantial rent increases, with one resident reporting a rise from $995 to $1,095. The management structure, involving multiple LLCs, obscures ownership and reduces liability. Harmony Communities, which manages these parks, has a significant portfolio valued at nearly $700 million. The company's approach is to improve communities while maintaining affordable housing, focusing on areas with long-term stability and supportive local jurisdictions. However, residents feel neglected and exploited by the management's practices.
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