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 > Buying property and renting an rv?

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Rustedsmudge616

New Jersey

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Posted: 03/13/22 03:40pm Link  |  Quote  |  Print  |  Notify Moderator

Hey all, new to the forumn not so much to Rving. This might be in the wrong section if so i'm sorry i couldn't really find an appropriate section for this. I was pondering the possibility of starting small with a small piece of property somewhere and putting a renovated camper on it and renting it out. Eventually the goal would be to have a handful of properties and campers. How would one even start? obviously I would need electric and water and was looking into larger above ground septic tanks. Besides the initial property costs whar kind of costs would be associated with this? and what all would I really need to get this started.

Dutch_12078

Winters south, summers north

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Posted: 03/13/22 04:28pm Link  |  Quote  |  Print  |  Notify Moderator

Don't get ahead of yourself... You'll need to know of any zoning regulations in the area where you're buying the land, what uses it can be put to, and what permits are needed. You'll also need someone, likely a knowledgeable accountant, to advise you on creating a business plan so you know where your money needs to go. It would be wise early on to also discuss your plan with a commercial insurance agent so you'll have an idea of the costs involved. And most importantly, find a good lawyer to advise you on any contracts and other legal matters. What you're talking about is building a business with all the issues that come with that.


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Lwiddis

Owens River area

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Posted: 03/13/22 04:47pm Link  |  Quote  |  Print  |  Notify Moderator

Don’t forget your health permit…like a hotel or motel…and business license.


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time2roll

Southern California

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Posted: 03/13/22 06:01pm Link  |  Quote  |  Print  |  Notify Moderator

Buy something that already functions as your first investment. From there either improve the property with additional rentals or develop a new site.


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wildtoad

Blythewood, SC

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Posted: 03/13/22 06:52pm Link  |  Quote  |  Print  |  Notify Moderator

Above ground septic tank? Why?


Tom Wilds
Blythewood, SC
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valhalla360

No paticular place.

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Posted: 03/13/22 07:32pm Link  |  Quote  |  Print  |  Notify Moderator

You are building a campground...that means basically everything that goes into a campground except you are doing it one site at a time distributed over multiple properties.

There will be permits, regulations, taxes, maintenance costs, advertising costs, liability insurance, etc... etc...etc...

I would be surprised if your first site ready to operate comes in under $150k and might generate $30-40/n for 100 nights per year.

All while you per your own statement are unfamiliar with RV/camping.


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MitchF150

Puyallup, WA

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Posted: 03/13/22 07:40pm Link  |  Quote  |  Print  |  Notify Moderator

Do you see a high demand for this kind of venture?

What activities do you see your guests being able to do while they stay there?

Insurance, maintenance, management of property, etc?

Are you talking about multiple sites on the same property?

Just does not sound like something I would do, even if you let me bring my own RV??

Regardless, good luck with the idea... [emoticon]

Mitch


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Grit dog

Black Diamond, WA

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Posted: 03/13/22 11:20pm Link  |  Quote  |  Print  |  Notify Moderator

Sounds great for “your” vacation home. Not so much as a rental. As mentioned you’ll have roughly the same cost as developing and landscaping a home site.
There are some scenarios that could make this a good venture. Like if the property will appreciate in value a lot, or if it’s a popular destination where you could count on a high rental rate and many nights booked.
Keeping up an old camper that is used by random overnighters is likely to be a challenge. Would feel better about a residential unit, single wide double wide etc.

Good luck in your venture !


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2112

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Posted: 03/14/22 04:05am Link  |  Quote  |  Print  |  Notify Moderator

What type of clientele are you trying to attract? Overnighters passing through, weekend campers, long term residents?


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Tvov

CT

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Posted: 03/14/22 05:48am Link  |  Quote  |  Print  |  Notify Moderator

What is your objective? To end up with a campground, or to have small properties each with a camper in various places?


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