The RV Park Mastery Podcast

There’s a new movement to embrace trees from a green environment perspective. But RV park owners have treasured trees long before ecology became a hot topic. In this episode of the RV Park Mastery podcast we’re going to talk all about trees and how to manage them correctly.

Webster’s defines “partnership” as “a pair of people engaged together in the same activity”. But as simple as that sounds, there are some concrete steps to take in structuring these relationships. That’s the topic of this episode of the RV Park Mastery podcast.

Negotiating RV Park deals is an art. And a science. And if you’re not competent in this skill, you’re never going to realize your full potential. The good news is there are some basic laws of negotiating, and much that you can to do stay in practice. In this RV Park mastery podcast we’re going to review what’s new about negotiating, and check in on what tips can make you a better negotiator.

Many sellers avoid making low-ball offers out of fear of insulting the seller. That can often mean you’ll miss out on great deals because you didn’t take the shot. In this RV Park Mastery podcast we’re going to go over the methods to make low offers without insulting sellers and to forge win/win deals that will make both parties satisfied.

Getting a loan is stressful, and many borrowers put it off too long. In this RV Park Mastery podcast we’re going to discuss the correct timetable to finding a new loan when your current one is expiring. Since real estate requires leverage to maximize return, it’s important that we all understand and respect the lending system and how to approach it in a smart manner.

Teddy Roosevelt once said “nothing in the world is worth having or worth doing unless it means effort, pain or difficulty”. While Roosevelt never owned an RV park (although he did enjoy camping), his thoughts are as accurate today as they were over a century ago. In this RV Park Mastery podcast we’re going to explore the correlation between effort and progress and isolate what areas you should apply the most effort to.

While every RV park owner files an annual tax return, some refuse to share those with the potential buyer and their lender. So what happens when the RV park owner refuses to provide these important documents? In this RV Park Mastery podcast, we’re going to review the impact of lacking tax returns when buying a property and how to use that as a tool to perhaps forge a better deal.

In a modern America there is nothing more dangerous from a liability perspective than having employees. While they can create value, they can also be a toxic danger to your business. In this RV Park Mastery podcast we’re going to discuss the perils of having bad employees and the damage they can do to your business, as well as strategies to mitigate this risk.

There is continual talk of greater inflation on the horizon, which then begs the question “what would the potential impact be to RV parks?” In this RV Park Mastery podcast we’re going to review what inflation would do to RV park investing – both good and bad – and what investors can do to mitigate the risks. With the government continually printing more money, it’s a topic that should be on all RV park investors’ minds.

Most RV parks are successful, but there are some that just don’t work out for any owner. So what are the attributes that make an RV park a loser, and can those be fixed? That’s the topic of this RV Park Mastery podcast. We’re going to explore what qualities make RV parks too dangerous to handle, as well as strategies to mitigate those risks.

Many of the best RV park deals involve sellers who are the original builders of the RV park – and these are commonly known as “mom and pops”. But what makes them unique and what do you need to know about working with this select group? In this RV Park Mastery podcast we’re going to review the typical attributes of mom and pop sellers, and how to position yourself as a buyer for maximum success.

With the demand for RV parks so strong, many owners are taking advantage of the unparalleled demand to create new streams of income – some of which offer superior stability. In this RV Park Mastery podcast we’re going to explore the best of these ideas and how any RV park owner can create a strong stream of income with some creative methods to harness the demand for all-things RV.

One of the attractions to buying an RV park – for many owners – is to “self-manage” the property. But is this the right choice for you? In this episode of the RV Park Mastery podcast, we’re going to explore what it’s like to self-manage an RV park and some of the issues that should be considered in making that decision.

The SBA and USDA are offering programs to help you finance buying an RV park using small business loans. The terms are incredibly attractive – so good that it would appear the U.S. government is bent on making you an RV park owner. So let them. Or at least understand the options available.

The 1970s brought us many classic rock anthems including “Signs, Signs, Everywhere a Sign” – but I’m sure the writers of the song never thought of it’s apt description in RV parks. In this episode of the RV Park Mastery podcast, we’re going to drill down on proper signage in RV parks including what it is, where to get it, and how to keep the cost low. From property appearance to proper marketing, every RV park owner needs to know about signs.

Buying an RV Park – like buying any asset – is a stressful experience filled with doubts and concerns. However, there is an easy way to get around this hurdle and make informed, accurate decisions that you can feel good about. In this RV Park Mastery podcast we’re going to discuss a simple method we developed years ago to make buying an RV Park a scientific decision based on math and risk assessment and not just gut feel. If you’re buying an RV Park, you want to learn this method.

Science is defined as “the intellectual and practical activity encompassing the systematic study of the structure and behavior of the physical and natural world through observation and experiment”. So how can you apply that lofty goal to RV parks? In this episode of the RV Park Mastery podcast series, we’re going to drill down on the science of evaluating RV parks and bringing factual discipline to the emotional process of investing.

There are several valuation methods that appraisers use – and we’re going to review each of them on this episode of the RV Park Mastery podcast. Between the cost approach, comparable sales approach and income approach, each has its place and some are more important than others. Since the goal of buying an RV park is to arrive at the fair price, understanding appraisals and their methods is a key part of the purchasing process.

We hope that all sellers abide by “my word is my bond” but we all know that’s rarely the case. Instead, we have to write lengthy legal contracts to ensure that things go as planned. And one key component to any RV park purchase contract is the “specific performance” provision.

When I first got into the business, I was told about the “gypsy traveler” RV park scam. And recently I have been getting calls from people who were unaware of this age-old way to part a fool and their money. In this episode of the RV Park Mastery podcast we’re going to review what a “gypsy traveler” scam is, how to watch out for them, why they work on unsuspecting buyers, and how to make sure your deal is real and not a forgery.

“You can never be too rich or too thin” is a popular expression. However, that’s just not a reasonable goal for most investors. While it’s great to have a safety cushion, it’s unreasonable for that cushion to be limitless.

Most RV park deals are built on the framework of 20% to 30% down payment on the price of the property. However, sometimes you can go lower. Much lower. In this RV Park Mastery podcast we’re going to discuss how “zero down” or “low down” deals come to be, and what the tools and traits are to make these deals possible. We’ve done around twelve “zero down” deals and we have identified four characteristics that make these a viable alternative to traditional financing.

In less than 45 days the United States will hold a Presidential election, as well as many other federal and state offices. Elections are always a time of concern: how will the winner impact RV park investments? In this RV park mastery podcase, we discuss the real facts behind the issues that could impact RV parks, and what the best and worst case might hold on these various items. Whether you are a Republican or Democrat, this podcast will shine light on what you need to know regardless of who wins in November.

I have an old 1950s pinball machine in my house that serves two purposes 1) entertainment and 2) a constant reminder about the facts of investing. I believe that this game – titled “Super Circus” – can give more investing wisdom with one nickel than Warren Buffett can in an entire book. So what are the lessons learned? In this RV Park Mastery podcast we’re going to discuss the key lessons my old pinball machine teaches, and how those apply to successful RV park investing.

Is ten spaces enough? What about 100? What size is essential in buying an RV park? That’s the topic of this RV Park Mastery podcast – an examination of size vs. success in RV park buying. As you’ll see, there are many permutations in the algorithm of correct RV park size and only you can decide the correct answer on many of these. While bigger is sometimes better, that’s not always the case here.