The RV Park Mastery Podcast

There are two givens in life they say: death and taxes. And those tax returns can often be the death of many RV Park deals. In this RV Park Mastery podcast we’re going to review the ins and outs of seller tax returns including what they can tell you about the property as well as what to do when they don’t match what the seller tells you.

Part of bringing an older RV Park back to life – so it can be the best it can be – encompasses making structural repairs and upgrades to the infrastructure and amenities. But ever since Covid the availability of qualified workers is greatly diminished. In this RV Park Mastery podcast we’re going to review some creative ideas to find workers with the skills you need.

Some sellers and brokers will try to convince you that you’re crazy when making an offer – that the property is worth twice that amount. But you’re not the crazy one. In this RV Park Mastery podcast we’re going to review how RV Parks are valued and why the crazy one is the one that does not follow the math.

Most of the time you are buying from the original mom and pop builder of the RV park. But sometimes you end up with the next generation – which could not be more different in goals and personalities. So how do you bridge the age gap? In this RV Park Mastery podcast we’re going to give you real-life tips on cutting deals with the heirs.

RV Park owners have the benefit of getting paid twice: once with monthly cash flow and then a second time with appreciation in value. So how does this occur and how can you estimate your rate of return with this knowledge? In this RV Park Mastery podcast we’re going to explore why RV Park owners get paid twice and what this means for your investment success.

Of all the important formulas that revolve around RV Park investing, there is one simple fact that explains how the business functions and what makes RV Park investing successful. In this RV Park Mastery podcast we’re going to review what that fact is and the many ways it applies to the business.

If you have even one vacant space in your RV park then you’re losing potential income and value. In this RV Park Mastery podcast we’re going to review the top five ways to boost any RV park’s occupancy – and all of these are things you can do right now and at very low cost. If you harness these five strategies you can boost your occupancy quickly.

With loan interest rates high and the economy troubled, many RV Park deals are requiring an element of creativity to get finalized. In this RV Park Mastery podcast we're going to review the types of creative thought and strategy that can make deals possible and how to get the seller to be as enthusiastic as you are to embrace their outside-the-box mentality.

If you watch the news right now you will come to the conclusion that the world is coming to an end – which is pretty accurate. Recession is certainly on its way to the U.S. and investments should all be currently graded by their resilience in tough economic times. And one of the best of that group are RV parks, which are well positioned to survive whatever the economy throws at them. In this RV Park Mastery podcast we’re going to review what makes RV parks a safe bet in both good times and bad.

The standard construction of an RV park purchase contract is for the buyer to put up refundable earnest money, subject to the findings of due diligence and financing. However, some sellers and brokers will float the idea to you of that earnest money being non-refundable on day one. In this RV Park Mastery podcast we’re going to drill down on this concept and why it’s always a bad idea for the buyer.

Many RV parks are seller financed and the topic of interest rates is always a part of that discussion. So how do you properly set the interest rate on a seller note? In this RV Park Mastery podcast we’re going to review the necessary steps and strategies to selecting the right rate.

A good manager can really push your business forward – and a bad one can wreck it. And since even good managers can go bad over time, it’s important that you don’t provide your manager with the ability to cause you harm even after you’ve replaced them. In this RV Park Mastery podcast we’re going to review smart tactics to make sure that you can focus on your business and not the aftermath of a bad employee.

Typically you want the seller to make the first offer so that you don’t pay more than you needed to. But sometimes the seller refuses to throw out a number and you are suddenly put in the position of being both negotiator and appraiser. So how do you make that first offer? That’s the focus of this RV Park Mastery podcast.

One of the methods to find an RV park is to look at “online” listings –typically on RVparkstore.com or Loopnet.com. But there’s a lot you need to know about how to properly navigate this deal-finding platform. In this RV Park Mastery podcast we’re going to review the basics and give you some tips to be more successful in the online arena.

Seasonal RV parks have a continual challenge: surviving the off-season when revenue can sometimes equal zero. However, there’s a way to balance the off-season out with the addition of park models, allowing people to live full time in the RV park. Additionally, some RV paks that are open year-round can still benefit their revenue stability by adding park model structures. In this RV Park Mastery podcast we’re going to explore the topic of park models and how they can help you attain a more dependable revenue stream.

As the U.S. heads toward a potential recession in the next few months, the logical question is how that economic reality will impact the RV park industry. In this RV Park Mastery podcast we’re going to drill down on this topic and identify the potential issues to consider. As you’ll see, there’s a lot to consider.

When a seller signs a contract, the general expectation is that they will go through with it. But what do you do when the seller has second thoughts and later wants you to render the agreement null and void? That the focus of this RV Park Mastery podcast, in which we review the options when this circumstance may arise.

Every RV Park in America gets an annual tax bill – but how you approach it makes all the difference. In this RV Park Mastery podcast we’re going to review the normal strategies that are employed to try and address your property tax obligations.

When you’re doing due diligence on an RV Park the worst thing you can do is to make early decisions about whether or not you’re going to go forward with buying it. A good buyer must remain like Switzerland and remain neutral until all of the facts have been explored. In this RV Park Mastery podcast we’re going to review methods to remain impartial until the appropriate moment to make a final decision.

One of the best ways to find a good RV park to buy is through direct mail. But this simple structure can fall apart when you introduce outsiders into your plans. In this RV Park Mastery podcast we’re going to explain how outside groups can often botch your direct mail attack plans, and give you some better concepts to run a successful direct mail campaign.

When looking at buying an RV park, there are three units of mathematical comparison that are the most important: 1) cap rate 2) cash-on-cash, and 3) cash flow. In this RV Park Mastery podcast, we will drill down on what these are, how to calculate them, and what they mean when acquiring an RV park property.

When the seller won’t agree to the amount you think the RV park is worth, is there anything you can do but simply walk away? In this RV Park Mastery podcast, we’re going to examine six different methods you can use to make deals happen even when the seller is originally reluctant to give you the price you need.

There are countless stories of individuals who bought RV parks that were underperforming and made them into huge success stories. But was that triumph because they were lucky or smart? In this episode of the RV Park Mastery podcast we’re going to investigate the concepts of “luck” and “skill” to properly identify which is the key ingredient to success.

Sometimes you get an RV Park deal ready to be signed up, but the seller keeps procrastinating. You feel helpless to push them over the top, and it drives you nuts because you’re afraid that another buyer will come along and steal your opportunity. So how can you create seller urgency to propel them forward and get your deal signed? That’s the focus of this RV Park Mastery Podcast.

There is nothing more dangerous to stay on budget with your RV park than the relationship between the manager and contractors. Even the best-planned renovations and property updates can go bad when a manager gets involved in the process. In this RV Park Mastery podcast we’re going to review how a manager can ruin your budgets – and even create liability – when you let them have a say in what, when, and how a contractor works on your property.