Silver King Companies, Inc Raises Rent to the Legal Max Every Single Year Chandler, Arizona
If you plan on renting a trailer lot from a Silverking owned property, Don't. This is a greedy, stupid company that buys parks from small companies and families, then raises the rent to the max every year, on mostly fixed-income people, eventually driving them out. It's shortsighted, just like the greedy Banksters who only watched quarterly stock reports, to the ruination of the nation and their own business.
Eventually, they price the older community out and have a high turnover. With a high turnover and no community left, there is no community policing or camaraderie, and the park is soon full of dubious characters who don't know each other and don't care, or half empty. But what does GreedyKing care? They'll just sell out to another greedy company. If people leave they get another to rent, or if they can't afford to move an old trailer, GreedyKing can just rent it cheap to druggies and theives.
On every yearly raise, they make another twenty to hundred grand, depending on the size of the park, yet they give you Nothing. They get people together and promise every year but it's a lie. In one park, which is a hundred bucks more than a park neearby that has the Same stuff, they bought a twenty dollar item in return for their tens of thousands extra they got in just one of their their yearly max-raises. Honest to God, twenty bucks was the sum of their improvements for a princely extra sum last year. This is a company to avoid. Check and see who actually owns your park.
The Only thing they'll spend money on is cosmetic stuff, since it costs them nothing, like having the manager trim small palms. Of course, if it's a big palm that costs money, you pay for it. On the other hand, they claim they own the landscaping and even the canopies, but only if it doesn't cost them. If there is an expense involved, they suddenly don't own it - you do.
Avoid these greedygrabs like the plague.
9 Updates & Rebuttals
Contempo Tempe
Tempe,Arizona,
USA
This report from the owner is BS
#10Consumer Comment
Wed, October 05, 2016
The owner is so full of himself. He hides behind his senior managers and could care less if there is security in the Silver King communities. They are not CRIME FREE and there is a lot of illegal activity in the communities.
He is an ostrich, and no way in touch with the realities of what is actually happening. I share the same feelings with many, many residents that live in his parks and we are agree he is just plain stupid by not getting involved with his customers concerns.
Hicup27
Weber County,Utah,
USA
Rip Off begins in Utah
#10REBUTTAL Owner of company
Wed, August 24, 2016
Rip Off begins in Utah,
Onofree
Phoenix,Arizona,
Worse than a New York City Slumlord
#10Consumer Comment
Thu, September 05, 2013
I third or fourth those remarks.
Silverking is a shortsighted, greedy company that raises the rent every year, more than a NYC slumlord. All they do for this is lie to the tenants about what they'll do for the extra hundred grand or more they get every year, then have the manager do a little free-labor cosmetic work.
Eventually they drive out the older, fixed-income tenants that have cared for the place and kept out riff-raff for decades. Then the park fills up with strangers who don't care, druggies, and theives. But what does Greedyking care? They've made their extra loot and can sell the park to another greedy company when it deteriorates too far. This is a stupid and greedy company with no foresight or concern at all.
Keith Vanderhout
Scottsdale,Arizona,
Evict drug users
#10REBUTTAL Owner of company
Tue, April 16, 2013
You won't get a fix in a Silver King Community. We evict drug users at the first sign of drug activity.
Keith Vanderhout
Scottsdale,Arizona,
false false false
#10REBUTTAL Owner of company
Tue, April 16, 2013
This complaint is garbage. Silver King Companies operates high quality manufactured home communities. The level of occupancy is very high because people want to live in them. The properties are run professionally and are very attractive. The facilities are maintained to the highest level which is appreciated by the residents. Rental rates are competitive or below similar properties. Visit the properties and see for yourself. The ranting is from one person who was probably evicted for non-payment of rent.
cybervigilante
Apache Junction,Arizona,
thoughtless remark
#10Consumer Comment
Thu, March 28, 2013
That's a thoughtless remark. Many of the old people in these parks are on a fixed income, can't sell their trailer to afford another, and are stuck. They just slowly go broke as the rent goes up every single hear, which is unheard of, so these greedygrabs can soak in the dollars. The author is right to call them GreedyKing. And I see this in other parks. I think it's something that's been going on for a few years due to the low interest loans that started in 2008. They were supposed to spur the housing market but backfired by being issued to rent-profiteers. Like many programs, instead of making things better they made them worse by driving old people out of their homes.
cybervigilante
Apache Junction,Arizona,
dumb remark
#10Consumer Comment
Thu, March 28, 2013
That's a dumb rebuttal. Many of these old women are on very low fixed incomes and can't sell their trailers. I've seen the for sale for years. They eventually have to live on dog food and roast in the arizona heat to save on AC thanks to the rotten greed of Greedyking. Greedyking is destroying communties that have been there for years. People move out so no on knows anyone else and the park deteriorates, but Silverking figures a rent is a rent even if they fill the place with drug dealers and crooks.
They Also cut services even though they increase rent. The only thing they do do, is have more regulations.
This rent raising has been going on in more than one park. It's actually an epidemic. After the 2008 crash interest rates were near zero, and companies that still had a big line of credit bought up parks and are raising the rent to the roof. I've never seen Any park raise the rent Every year like Greedyking does.
mr rik
miami,Florida,
USA
Sounds like
#10Consumer Comment
Thu, September 22, 2011
an easy place to get a fix.
Ken
Greeley,Colorado,
USA
I have only one comment...
#10Consumer Suggestion
Wed, September 21, 2011
Move out.