Many got their eviction notices just days after Florence hit, according to residents who spoke at the meeting.Īwaiting these former Time Out tenants is a hostile housing market for low-income people. In November, a resident of Lumberton’s Eaglewood mobile home park, which Time Out had recently purchased, told Robeson County commissioners that 50 to 60 families were being forced out of their homes. Hundreds of Time Out tenants cannot afford the new rents, leading to mass evictions in some cases.
While the inflated rents may be benefiting Time Out’s bottom line, they also seem to be funding renovations and upgrades to the parks, improvements which would undoubtedly benefit the existing tenants - if only they could still afford to live there. In Illinois, where Time Out also operates, a local media outlet published a June 2018 article - “Time Out Communities LLC seeks to put veterans, elderly out with lot rent raises” - stating that “the company is a little over a year old and already has an annual revenue of over $12 million.” The increased rents seem to be swelling the company’s coffers quite nicely. Yes, $465 just for the lot, the plot of land on which the mobile home sits. For some, their monthly lot rent of $150 has ballooned to $465. According to its website, the company now owns 19 parks in Lumberton, and one each in Fairmont and Shannon.įor many tenants, the new ownership has meant drastically increased rents. This has been the case for an increasing number of mobile home tenants since Time Out started snatching up parks in the Lumberton area last year.
If the name rings a bell, it might be because the Florida-based company recently swooped in to buy your park and is jacking up your rent - possibly to as much as three times what you currently pay. If you live in a mobile home park in the Lumberton area, you have probably heard of Time Out Communities.
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