Mobile Home Park Filling Up With Water
The Chimney Park mobile home park in Mission, Texas is filling up with flood water – and half of the mobile homes in the park are already under water. Nancy Martinez, a park resident, said “I didn’t think it was going to be that deep. I rolled up my pants and the water came up to my waist by the time I got up to my trailer.”
Only three tenants live in the mobile home park year round – the others live there only in the winter, and live out of state.
“It’s probably a foot deep inside my trailer. I didn’t open the door because we got sandbags in front of it” said Martinez. At least one resident has moved their mobile home to a competing park that does not have flooding issues.
Frank & Dave’s Opinion of This Story:
Before you ever buy a park with floodplain issues, you’ve got to have a handle on what your worst case scenario is and how you would deal with it. Having waist high water is more than a small problem. Destroying people’s trailers while they are out of town is not good for tenant retention. Flood plain is a scientific concept – it’s not subjective. Figure out what the worst case scenario is on any property with flood plain, and see if you can handle it. If you can, fine. If you can’t, don’t take the gamble.
Tags: mobile home investment, mobile home park business, mobile home park business operations, Mobile Home Park Flood
mobile home park, mobile home park news | Frank Rolfe | 
July 22, 2010 9:45 am