Conroe, Tx residential "park model" RV park
Currently obtaining permitting to develop a portion of my 3 acre commercial property into a 14-space park model RV park. I own all 14 park models and want to cater to either short term (one week) or longer term (one month) tenants. I was basically just curious if anyone else has experience in this hybrid type of park and/or could give me any local area advice/expertise.
The property is 1/2 mile from Lake Conroe so I'm confident the "vacationing family" or "Houston commuter" would be enough to fill the units. I got a steal on the property AND the park models which kind of fell in my lap. I have several other park model rentals so I have the experience for management. Any thoughts/ideas???
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You really need to decide if you want a resort style or residential style park. There are some hybrids but in most cases, those on vacation want a very different feel than long-termers. The long-term RV Parks that are residential style tend to attract tenants just looking for the cheapest housing they can find. Your maintenance costs can be as high as 60% of your income due to turnover and maintenance. These can be very difficult tenants as well. Resort style parks do not have tenants but 'guests' who are on month to month (or shorter) agreements and can be removed without a formal evictions. Once you sign leases with tenants you have to go through a judicial eviction to remove them and everything is much more involved.
RVs are not meant to be lived in full-time. Doing so radically ups your maintenance and repair costs. Full-timers want more storage, will start to accumulate plants, outdoor furniture and anything else you will let them keep around their RVs. And pets? what about pets? Not trying to discourage you but just want to you to be aware of all the social and financial issues that come along with this type of operation.