Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 about 1 year ago on . Most recent reply

User Stats

737
Posts
619
Votes
Logan M.
  • Investor
  • Provo, UT
619
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.

  • Logan M.
  • Most Popular Reply

    User Stats

    737
    Posts
    619
    Votes
    Logan M.
    • Investor
    • Provo, UT
    619
    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

  • Logan M.
  • Loading replies...