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Updated 11 months ago,
FIRE Friday, selling park owned homes
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.