When Equity Lifestyle Properties increases the rent at mobil home parks they base this increase on a market value assessment of the area and like properties right ? Well what if the company owns the properties they are comparing to and how are we to know they actually do them at all. We are protected by 723 somewhat if theres a higher than normal increase and by law they must show that they have done a market value assessment. Even if a third party is doing the assessment how do we know that the property is being assessed properly not just the value of the land but the problems that the property has. Equity Lifestyle Properties is not going to hire any company that is going to assess the problems on the property just the market value of the land. Down Yonder is a nice mobile home park but there are serious issues with water drainage and potential flooding that could cause damage to homes, so why isn’t the cost to repair these issues which could run into the hundreds of thousands factored in the market value assessments. If I were at the negotiation table that would be my first point of attack
Equity Lifestyle Properties has done zero capital improvements in Down Yonder in years but they say the property is worth more today than last year How ?? My thoughts are that Equity Lifestyle Properties are violating some securities issues when it comes to assessing their mobil home park properties. They are inflating the worth of the property that is in destress and reporting major gains when in fact the properties should be assessed at a lower market value because of the neglect by Equity Lifestyle Properties. That will be our next plan of attack to see if they could be violating anti trust laws.
Mobile Homeowners Unite 
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