The RV Park Mastery Podcast

Many RV park buyers do themselves a disservice by reading books from the “self-help” section of Barnes & Noble related to “how to negotiate”. These books dwell on the negotiation style known as “win/lose”. But there’s a much more effective style that you should adopt that will allow you to forge great deals much easier and often with added benefits like seller financing and this model is called “win/win”. One is consultative in nature and the other adversarial.

Virtually every RV park sold in the U.S. revolves around a mortgage. And there is a certain playbook required to successfully get a loan and maintain a good relationship with your lender. In this RV Park Mastery podcast, we’re going to examine the protocol to obtain a loan, build your lender relationship, and retain the loan upon its renewal.

One of the big concerns of RV park buyers and owners is the lack of control over revenues as you never know who will be coming and going on any given day. However, extended stay customers offer you a steady cash flow that can really ease those concerns. In this RV Park Mastery podcast we’re going to review what extended stay customers are, how to attract them, and how they can give you greater peace of mind.

RV parks come in a wide variety of sizes to fit every budget and goal, but which is the right size for you? In this RV Park Mastery podcast we’re going to examine how the size of the RV park impacts your investment and how to come up with the matrix of considerations to help you make that decision.

We all need friends, but it’s not appropriate to list your RV park manager as one of them. In this RV Park Mastery podcast, we’re going to review how to have a successful relationship with your manager, but only on a business level to maximize profitability and minimize complications.

Every business reaches a moment in which it is better served to seem “corporate” in nature. Is it that time for your RV park? That’s the focus of this RV Park Mastery podcast, in which we’ll explore the benefits and disadvantages of appearing “big” and how to get the most bang for your buck.

One of the hallmarks of great leaders is the ability to discern between what is significant and what is trivial. So what about RV parks is important and what is more minor? That’s the topic of this RV Park Mastery podcast. We’re going to not only go over these items but what the impact would be and how to figure these out in due diligence.

It’s a fact that the #1 fear of Americans is public speaking. It ranks one notch above death, which comes in at #2. With that type of fear permeating all levels of speaking before a strange audience, it only makes sense that cold-calling RV park owners to see if they want to sell would be far outside your comfort zone. But the fact is that cold-calling represents one of the best ways to find an RV park to buy at an attractive price, and without the inclusion of a broker.

All RV park deals begin with a signed contract. But before you can have that written agreement, a price must be decided. In this RV Park Mastery podcast we’re going to discuss how to come up with that initial offer and why so many people can’t get the ball rolling in this regard. Too much thought can lead to “paralysis by analysis” and too little can lead to an endless stream of contracts cancelled and time wasted.

The turn-around plan to maximize most RV parks is to increase occupancy and rents. But there’s another component that more and more RV park owners are considering. In this RV Park Mastery podcast we’re going to address the issue of physically expanding the number of lots in your RV park. These expansions can be very profitable, but also come with some pitfalls that must be considered.

RV park owners often have the wrong numbers in their payroll category – and it can be a big cost that can skew the numbers either more or less attractive than they actually should be. In this RV Park Mastery podcast we’re going to review what should and shouldn’t be in the P&L regarding labor cost and why so many moms and pops get this number wrong.

An RV park seems like a simple business model, but maximizing its profitability is just as complicated as landing a spacecraft on the moon. Using scientific protocols to enhance your RV park is essential if you want to really optimize your profitability and efficiency. But how do you do it? In this RV Park Mastery Podcast, we’re going to discuss how you can bring science to any RV park to get a handle on making it the best income property it can be – as well as the most appreciated by your customers.

Money is money, but how you get it can have differing impacts. Whether bank debt, "hard money” or finding a capital partner, your selection can have a huge impact on your quality of life and ultimate profitability. In this RV Park Mastery podcast we’re going to explore the options to pay for RV parks, and what the good and bad aspects are to each.

There are RV park deals, and then there are really good RV park deals. So where do you find those? In this RV Park Mastery podcast we’re going to review the sources of deals and sort them into the categories of quality of the deals they originate, as well as to review why exactly that is. There may be some methods to find good RV parks that you are currently underutilizing.

RV parks with the most potential all have a certain look. And when you see that “look” you need to heighten your push to get it under contract. In this RV Park Mastery podcast we’re going to review what a good deal looks like and what those symbols represent. A sign of an effective RV park buyer is the ability to spot great

Warren Buffett once said “without passion you don’t have energy, and without energy you have nothing”. Do you really have the passion for buying an RV park? In this RV Park Mastery podcast we’re going to discuss what passion really is, how to harness it, why you can’t fake it successfully, and how most of the top RV park owners share similar passions.

Today’s RV park breaks the boundaries of those of the past – but in a positive way. No longer do many RV parks simply offer one type of service, but a range of options that have different levels of recurring revenue. In this RV Park Mastery podcast we’re going to discuss the different ways and frequency of collecting revenue, and how you can harness this new playing field for greater and more consistent income.

The old adage “it takes money to make money” is true in real estate as most properties require some form of down payment. And if you don’t have the needed funds, what can you do? In this RV Park Mastery podcast we’re going to review the methods of raising capital to buy RV properties from investors as well as lessons learned on the right and wrong way to approach this important topic.

The advent of winter causes some RV park owners to be sad and others happy – depending on whether your property is in the north or the south. But there are concepts out there that allow any RV park owner to extend their season and have revenue year-round. That’s the topic of this RV Park Mastery podcast. All of the concepts we’ll discuss are low-risk and time-proven – you have nothing to lose and everything to gain.

Glamour camping is called “glamping”, and it has its roots in 16th century Scotland when the Duke of Atholl built luxurious tents to entertain King James V. Today’s version is focused on providing an upscale experience in the outdoors, and RV parks are the center of this travel offering. In this RV Park Mastery podcast we review what “glamping” is all about and how you might introduce it into your property’s list of options.

It’s a generally valid observation that much of what looks too good on the surface turns out to be much worse in reality. If you’re thinking that RV park investing fits this bill, then there are two problems: 1) you are being unrealistic on this investing option and 2) you are not paying enough attention to the risks associated with buying the wrong RV park. RV park investing – like all real estate sectors – has good and bad attributes.

Every RV park must have a manager, yet many owners don’t put nearly enough thought or strategy into getting the most out of these individuals (or even to monitor their performance at all). In this RV Park Mastery podcast we’re going to review some simple steps to aid in your selection and oversight of this vital part of your team.

Your customers are the life’s blood of your business. But many RV park owners are missing out on the opportunity to fully understand the feedback from these consumers. In this RV Park Mastery podcast we’re going to review some simple, business-changing methods to harness the power of feedback to move your business in the right direction and increase your customer satisfaction and, as a result, your revenue.

There are different types of RV parks, but one of the most unusual is the “overnighter” which is basically just a parking lot for RVs stopping for the night on the way from Point A to Point B. In this RV Park Mastery podcast we’re going to discuss the unique attributes of this type of property and what you need to watch out for.

Getting an RV park loan is an essential part of the acquisition process. You may be excited about your deal, but that enthusiasm can sometimes be the wrong approach in getting a loan. The issue is that bankers love pessimism. But why is that? In this RV Park Mastery podcast, we’re going to explore why bankers get turned on by negative people, and how to harness this energy is crafting an even better loan package for the lender.