I am a park owner in North Carolina and my personal opinion is that you can’t let stuff like this scare you off. There are risks in any venture…no matter what you are into.
Natural disasters, domestic incidents, tenant predators are just a few of the risks that are out there. But you can’t let it scare you off.
I think the real value in this article is buried a little deeper. I think the real lesson here is to do what you can within reason to anticipate and mitigate risk. If you notice, the author took some time to suggest some simple steps to mitigate risk and show a reasonable effort to protect tenants when natural disasters invariable occur.
My family has owned our park for over 10 years and we’ve had our share of ups and downs. However, we’ve always worked hard to anticipate and mitigate risk to the best of our ability. I think by taking a common-sense approach to anticipating and reducing hazards as well as having good liablity defense in depth (entity/insurance), things work out just fine.
I hope you won’t let stuff like this turn you off from what is really a great business with some wonderful people.