The turn-around plan to maximize most RV parks is to increase occupancy and rents. But there’s another component that more and more RV park owners are considering. In this RV Park Mastery podcast we’re going to address the issue of physically expanding the number of lots in your RV park. These expansions can be very profitable, but also come with some pitfalls that must be considered.
Listen To Episode 48The February 2022 RV Park Investing Newsletter
RV park owners often have the wrong numbers in their payroll category – and it can be a big cost that can skew the numbers either more or less attractive than they actually should be. In this RV Park Mastery podcast we’re going to review what should and shouldn’t be in the P&L regarding labor cost and why so many moms and pops get this number wrong.
Listen To Episode 47Some buyers can’t move beyond the idea of buying an RV park simply because they have “paralysis by analysis” on how to write a contract. To top it off, they won’t seek legal counsel because of the cost, so they end up never acting on their dream of RV park ownership. Since that’s a terrible ending to your investment options, here’s a quick guide to try and illustrate the basic parts of a contract, not from the perspective of an attorney, but simply an observant RV park buyer.
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