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Calling all RV & Boat Storage Operators!
Maybe it's a good thing that I cannot find any real operators, or underwriting models for RV/Boat storage facilities. :)
Who here actually owns and operates these facilities? We were underwriting the feasibility of self storage, however RV/Boat storage seems more lucrative.
My Primary Questions
1. On average, what percentage of revenue are going towards operating expenses?
2. What are all the line items in the expenses line?
3. Average cost to build covered, and climate controlled units.
For those so gracious, I would be willing to pay $/Hr to jump on a zoom call to walk me through the underwriting process of evaluating these sites. Thanks again!!