Tips and Tricks for Boat & RV Storage Part 2
There are just a few more things that you should know about Boat & RV storage. The landscaping is important when you are setting things up and you have to find the right balance between Boat and RV and traditional Self Storage if you are going to do both at the same location.
When you are designing your lot, you need to choose between gravel, asphalt, and concrete for your ground cover. Depending on what part of the country you are in, the prices can vary drastically. Your weather is also going to have a big impact on which ground cover you choose. You might be in an area that needs a lot of drainage, or you might be in an area that needs the snow moved in the winter. The important thing is to have your engineers evaluate the land so that you know you won’t get sink holes or have large cracks because of bad drainage. These can be very expensive to fix.
Sometimes you will have the opportunity to have both Self-Storage and Boat and RV storage at the same location. You want to find a happy balance between the two. You can only charge so much for Boat and RV Storage while you can regularly raise the rents on self-storage. Boat and RV Storage can be a great use for land that you inherited with a conversion or land that you are land banking. It can also be a good solution for land that you are waiting for the right time to expand or build your self-storage facility on. Boat and RV storage is a great alternative to letting land sit their unused.
If you need to generate additional income, you can charge for 24 hour access. People who want to be able to access their fishing boats in the middle of the night have to pay a little extra. Sadly, most thefts are internal so make sure that you are screening your tenants very well to decrease your chances or theft.
Boat and RV storage is one of the offshoots of self-storage that can be profitable. You should decide whether or not it will work at your facility and if your even in an area that has a demand for this kind of self-storage. Like any other type of self-storage, you need to know if there is any demand before you take the time and money to buy and create the lot. As always, happy investing.
Comments