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Old 08-20-2014, 12:45 PM
 
358 posts, read 608,303 times
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An associate of mine wants to open an RV park near where he lives. He seems to think this would be a good absentee owner business. I'm thinking it's going to take quite an investment of money and time. What do you think?
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Old 08-20-2014, 12:47 PM
 
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He should check into franchising with a camping company, I don't recall the name of the one at the moment but they have campgrounds around the country.
In my opinion it is very hard to be an absent owner when it comes to camp grounds. It is a lot of hours, a lot of work and I'm sure a lot of money just for the insurance coverage alone.
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Old 08-20-2014, 01:07 PM
 
Location: East of Seattle since 1992, originally from SF Bay Area
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If your friend is in a depressed area where land is cheap and there are very few jobs, it might be a good investment. Poor people to live there and pay the space rental, and a few acres cheap. If it's meant more for campers than residents, it will be seasonal and has to be in an area with attractions to bring people there. The biggest cost will be in the infrastructure. There will have to be grading, paving, and the biggest cost, installation of utilities. That can cost hundreds of thousands and will take many years to recover. There will also be some tall hurdles in zoning, with the NIMBYs coming out to fight the zoning for it. Running it as an absentee owner there will still have to be salary and payroll taxes to people that manage and maintain it.
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Old 08-20-2014, 06:58 PM
 
Location: Moku Nui, Hawaii
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I'd suspect the devil is in the details. What sort of RV park? Where? What sort of overhead? And he thinks it's going to run itself? Maybe he'd be able to get a "park manager" there by providing free rent, but that's just begging for some chicanery with the money, IMHO.
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Old 08-21-2014, 07:15 AM
 
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Quote:
Originally Posted by sideman View Post
An associate of mine wants to open an RV park near where he lives. He seems to think this would be a good absentee owner business. I'm thinking it's going to take quite an investment of money and time. What do you think?

Zoning could be tough.........It is certainly isn't a absentee owner type business, you are essentially a landlord of a trailer park.
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Old 08-21-2014, 07:17 AM
 
Location: Florida
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Do you mean RV or trailer park. The latter is DEFINITELY not an absentee business unless you have enough property to have a manager run it. RV parks are common in FL along the roadside so that people traveling have a place to stop and sleep for the night. Certainly not a high margin business.
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Old 08-22-2014, 10:07 AM
 
Location: Port Charlotte
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These sell often. Your friend should do some research into offerings, trends, vacancy rates, etc. for example, people jumped into the RV park development in North Texas with the oil shale development and all the workers moving in. With development much slower now as the area has been mostly drilled, vacancy rates are rising. Also, if your friend is in an area where there are snowbirds coming down for the winter, or summering in cooler climes, occupancy will vary significantly. If in the northern climes, snow may well close the facility for several months.
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