Summary of Glamping, Camping, & Making $2.5M/Year with One RV Park Investment

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00:00:00 - 01:00:00

This YouTube video discusses the market for RV rentals, camping, and glamping, and how to start a business in this industry. The presenter discusses the importance of zoning and permitting, and recommends considering the business from a commercial perspective. The video also discusses the importance of design and photography for airbnb properties, and how direct bookings can be a disadvantage for small businesses.

00:00:00 Heather Blankenship from the "Bigger Pockets" real estate podcast returns to share her experiences running a successful RV park and short-term rental business. She notes that zoning and permitting are very important when starting out in this business, and recommends considering the business from a commercial perspective rather than just a passive income perspective. Rob Abasolo from "The Bigger Pockets" real estate podcast discusses how he has been enjoying the show lately, and how he has been utilizing different techniques to purchase properties.
00:05:00 The presenter shares how, after the market crashed 11 years ago, he started buying RV parks and has since invested in multiple properties, including a mobile home park, a boutique motel, and glamping properties. He is optimistic about the current market, but cautions listeners about the risks of non-recourse loans.
00:10:00 The video discusses how the market for rv rentals, camping, and glamping is experiencing significant growth, with a decrease in volatility in traditional rentals due to the increasing demand for travel. Rob shares that he has seen a decrease in bookings, but this is due to shorter lead times for bookings. Heather shares that she has experienced similar trends with her short-term rentals.
00:15:00 The presenter discusses the pros and cons of airbnb, and how the platform has changed in the past few years. He also discusses how design and photography are important for airbnb properties, and how direct bookings can be a disadvantage for small businesses.
00:20:00 David discusses his transition from Airbnb to direct bookings, how he is diversifying his business, and how he plans to scale his direct booking businesses.
00:25:00 The video discusses the importance of zoning and permitting when starting a glamping business, and recommends hiring a professional to help with the process.
00:30:00 The presenter discusses how they transitioned from glamping to camping, and how they've since invested in acreage and are working to create more luxurious and comfortable experiences. They discuss the importance of having good photography and social media presence for their glamping sites, and how they've invested in amenities such as air conditioning and heat for their customers.
00:35:00 The video discusses how adding heat and air is a key part of running an RV park, and how hiring work campers can help to alleviate some of the burden. The host also mentions that turnover rates are higher with work campers, as they are more likely to leave if they don't like the job.
00:40:00 The presenter describes how RV parks are a hybrid of both mobile home parks and glamping, and how they can be profitable with a variety of streams of revenue. They also discuss the importance of having an occupancy that reflects the location, and how seasonal changes can affect the park's income.
00:45:00 The author discusses how, with the right investment, an RV park can be profitable, even during slower seasons. He also notes that RV parks typically come with various entitlements that make it possible to offer more luxurious amenities, like air streams.
00:50:00 In this segment of the show, David talks about a recent deal he completed purchase an RV park. He notes that it was a difficult deal to negotiate, as the sellers were offering a non-recourse loan with no money down. David was able to fund the purchase with a non-recourse loan from a bank. He offers some advice to those who are looking to purchase an RV park, noting that it is easier to do so with seller financing or owner financing.
00:55:00 The author discusses how he acquired a successful real estate portfolio by learning from mistakes, and how his lender was a hero for helping him make the deal work.

01:00:00 - 01:05:00

Heather Blankenship, a real estate investor, discusses how to make money by owning RV parks. She highlights the disadvantages of this investment, but also shares tips on how to make it work well.