All Forum Posts by: Account Closed

Hey @Ronald Rohde - would love to connect on this.  We are active in the space in South Florida, currently working on yards totaling about 800 slips 

Best, 

Jake 

@Ryan Lesley that would be interesting to see for sure.  Curious how zoning regs would impact someone's ability to store the RV's in an area where there are rental cabins.  Down in South Florida I know landlords that are generating $15,000 + per month PER ACRE on truck parking yards.  Crazy!

Good evening guys - anyone on here monetizing vacant land with RV storage / truck parking?  Have been doing some work on this and see tremendous opportunity for people that may own warehouses with extra land or simply vacant land.  Figure it is kind of like house hacking from an industrial perspective.  Would love to connect if anyone is active in this niche 

Jake

@Greg Lees

Greg congrats and nice house. Curious what the rents are like for a 3/2 in the Beaufort area?

Thanks!

@Gabe Goudreau

Gabe - I can’t speak on any local regulations but I see no reason why you couldn’t bill back all utilities at the property. How you do that is another matter. In miami for example, most new properties have separate, dedicated electrical and water meters so the tenant can pay directly to the provider based on usage. In some instances there is a direct electrical meter for each tenant, but only one “house” water meter, which the landlord pays directly. If there is only one water meter, you can elect to install a submeter for each unit and recoup water charges from the tenants based on usage. In the submeter scenario, the landlord “fronts” the water bill, and has someone read the submeters each month to divide the bill amongst the tenants. Alternatively, you could bull a flat fee for water.

Trash we usually bill a flat fee per month.

All the above assuming you have the right to collect in your lease. Hope that helps

@David Cozzi

The only non recourse loans I’ve seen with 30 year ammo are on institutional grade multi family assets in major markets (miami specifically). You can get 10 year fixed terms at 65/35 LTC. These are typically 120+ unit deals and rates were 2.79-2.95% in the beginning of September