Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Mobile Home Park Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

737
Posts
620
Votes
Logan M.
  • Investor
  • Provo, UT
620
Votes |
737
Posts

FIRE Friday, selling park owned homes

Logan M.
  • Investor
  • Provo, UT
Posted

I wanted to go into a little more detail on this fire that I had in my community. Fires in parks happen, but now of three, two were caused by humans one intentional and one most likely unintentional but still man-made.

After this fire, I decided to start selling my park-owned homes. Insurance on these older comes is hard to justify in many cases so unfortunately this home only had liability coverage.

This fire was tragic because we had just finished renovating it and were taking applications for new tenants.

These trailers burn fast, very fast. Any fire damage basically makes them a complete loss.

The math then becomes what the cost will be to clean it up and whether replacing that space is worth it compared to other vacant spaces.

Most Popular Reply

User Stats

737
Posts
620
Votes
Logan M.
  • Investor
  • Provo, UT
620
Votes |
737
Posts
Logan M.
  • Investor
  • Provo, UT
Replied

@Dave Rav and @Rachel H., thanks for your replies. Love your picture Dave haha a little PTSD

Loading replies...