Does anyone have an RV Park financial model?
Does anyone have an RV Park financial model? Not to be confused with a mobile home park model. Please chime in! Thanks
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Out of curiosity, what would the main differences between the two models be? I would imagine that a RV Park and a Mobile Home Park are relatively similar.
Also @three.commas" , I would be interested in seeing this model if you get it. I've been getting blasted with broker OMs for manufactured trailer parks and would love to run some analyses on these. Buffett loves Manufactured Parks, and if its good enough for him, it's worth looking into.
Mobile home parks have low turnover. Very low vacancy. Your job is to maintain grounds as a landlord.
An RV park is much more Hospitality related and has a transient population like a hotel. It's a business model not a real estate model.
This is a valid question.
That all makes sense. So RV tenants are typically renting for a few days to a few weeks? Typically in vacation type areas?
Not saying this to troll but I've legitimately heard that there are issues with vandalism/vagrancy/homeless people coming in to these, so something to think about with respect to security expense, etc. For what it's worth....
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