Bill Pulte's reputation isn't all that glitters.... [View all]
An investigative feature published by The New York Times has uncovered a previously unreported aspect of Bill Pulte’s portfolio: ownership of five trailer parks in Florida that are in various stages of disrepair.
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In a January 2024 podcast interview, Pulte said he was buying mobile home parks with the goal of renovating them to meet the rental housing shortage in Florida. But The Times’ investigative piece found Pulte raised rents at the properties after his acquisitions – one resident at a trailer park in Cottondale said his monthly rent increased to $950 from $550 after Pulte’s company assumed ownership. Rents were also hiked at another trailer park by $100 a month to pay for a new dumpster.
Higher rents did not translate into improved services. One tenant claimed it took months to replace a broken stove while another tenant spent $300 of his own funds to repair his broken air conditioning unit after management ignored his requests for help.
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The Times also found that three of the parks were poorly maintained to the point of derelict status.
https://wrenews.com/news-report-uncovers-bill-pultes-ownership-of-broken-down-florida-trailer-parks/
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