Real Estate Investor · Great Falls, MT · Member since 2017 · 88 posts · 46 votes
4y
An old post, but a good question. RV storage is the best form of real estate investing that I’ve encountered. First, RV storage facilities are great income producers and can be operated very passively, often without an onsite manager. The question is can a profitable facility be purchased at the right price.
As with every good investment, it has become more and more difficult to find good ones. More recently I decided to develop one, instead.
Surveyor · Dothan, AL · Member since 2014 · 425 posts · 391 votes
7y
@Daniel Townsend we nearly opened one 2 years ago based in the fact we store our 5th wheel in a covered back in metal building. Our lot rent is 150 a month without power. The facility is fenced with key code, but a turd broke in a few months ago and go into the campers including mine. To erect a 10slot metal building was going to be about 60k. So time you factored in land acq, paving, engineering, etc, we elected to go a different route. 3 or 4 more were built in 6 months so we felt market was a little saturated. I believe they are viable, especially if you offer pull out and back in service and a place to dump water after a trip.
Flipper/Rehabber · Cincinnati, OH · Member since 2019 · 75 posts · 53 votes
7y
@Clint Shelley that’s interesting. In my area in Cincinnati, I see mainly not sheltered storage. There’s like 40 or 50 RVs on a fenced lot. That method seems pretty lucrative if someone’s paying even $30 or $50 a month. But I have no idea what that looks like financially.
Real Estate Investor · Great Falls, MT · Member since 2017 · 88 posts · 46 votes
4y
An old post, but a good question. RV storage is the best form of real estate investing that I’ve encountered. First, RV storage facilities are great income producers and can be operated very passively, often without an onsite manager. The question is can a profitable facility be purchased at the right price.
As with every good investment, it has become more and more difficult to find good ones. More recently I decided to develop one, instead.
An old post, but a good question. RV storage is the best form of real estate investing that I’ve encountered. First, RV storage facilities are great income producers and can be operated very passively, often without an onsite manager. The question is can a profitable facility be purchased at the right price.
As with every good investment, it has become more and more difficult to find good ones. More recently I decided to develop one, instead.
How is the development coming? I'd be interested to hear of any resources you could direct us to.
@Daniel Townsend we nearly opened one 2 years ago based in the fact we store our 5th wheel in a covered back in metal building. Our lot rent is 150 a month without power. The facility is fenced with key code, but a turd broke in a few months ago and go into the campers including mine. To erect a 10slot metal building was going to be about 60k. So time you factored in land acq, paving, engineering, etc, we elected to go a different route. 3 or 4 more were built in 6 months so we felt market was a little saturated. I believe they are viable, especially if you offer pull out and back in service and a place to dump water after a trip.