Calling all RV & Boat Storage Operators!

[Jared Vidales]

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!!

[Zach Quick]

@Jared Vidales Hey Jared, I own 3 that are pretty much exclusive Boat/RV storage and in the middle of adding on a little over 12,000 square feet at one facility right now.

They aren’t terribly different in the grand scheme compared to regular storage but there are a few major differences that I imagine you are aware of by now.

After getting systems in place I think collections are better at Boat/RV compared to mini. I have literally zero collections issues at the place I’m adding on.

Less management intensive, but obviously not as high of rent per square foot. I can talk about this stuff all day. Feel free to connect/message.