RV Parks
topic on 2 shows · 5 statements across 3 episodes
5 statements about RV Parks, every show
RV Parks Hedge Macroeconomic Cycles Better Than Traditional Residential Real Estate
“With a mobile home or an RV park, you don't maintain the units. You just maintain the infrastructure under the ground. It's a hedge against the economy. When the economy's good, the millennials and the boomers are traveling, you got short-term stays. When the …”
Streamside Will Manage $260 Million in RV Parks by Year-End
“We, so we have one hundred and fifty million dollars worth of parks under management, and then we have a portfolio worth one hundred and eleven million under contract right now. So by the end of the year, we'll have two hundred and sixty million worth of parks…”
Private equity ignores RV parks under $3M, creating massive buyer opportunity
“Private equity doesn't care about a 100,000 or a million or a three million dollar part. So there's an opportunity there.”
RV park investing requires barbell approach: zero amenities or full amenities
“You don't want to be in the middle. If you buy a park with a pool and that's it, then your insurance is much higher. You need someone to be there and they're only there for the pool. You don't want a kid to drown, right? So you don't want to be in the messy mi…”
Sanchez: Best deal made several million dollars on an RV park acquisition
“The best deal that I've ever did was probably mostly from the land acquisition. So we basically bought a big plot of land that had an RV park on it. Also like a series of vending machines, also like a little area for people to camp and, you know go into nature…”