- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
I am curious about getting into the RV/Boat storage lot business
Posted on 6/3/20 at 9:52 pm
Posted on 6/3/20 at 9:52 pm
Does anyone in the OT have any experience or know anybody with experience in this particular line of business ownership who could share their thoughts/experience on it? I feel that with the strict rules in most HOA neighborhoods (such as not being able to park them in driveways), this could be a necessity for the owners of RVs and boats. Thoughts?
8
Posted on 6/3/20 at 9:53 pm to TigerDaddy30
Seems like a pretty small industry to go after.
Posted on 6/3/20 at 9:57 pm to TigerDaddy30
I got my boat in storage in mandeville. If you open one up, make sure you have water and electricity.
Posted on 6/3/20 at 9:59 pm to TigerDaddy30
If you already own the land it seems like a good idea. If you have to finance property then it could take a while to become profitable
This post was edited on 6/3/20 at 10:00 pm
Posted on 6/3/20 at 9:59 pm to TigerDaddy30
If it's anything like the general self storage industry, it's very much over saturated and been that way for a few years.
Posted on 6/3/20 at 9:59 pm to TigerDaddy30
Boat storage and RV storage is an ingenius idea.
Also, with people buying shite all the time, you should offer smaller buildings for the storage of other goods. Seems like the start of a multi billion dollar industry.
ETA - as others have already said, it's pretty saturated and isn't the mailbox money that some seem to think it will be.
Also, with people buying shite all the time, you should offer smaller buildings for the storage of other goods. Seems like the start of a multi billion dollar industry.
ETA - as others have already said, it's pretty saturated and isn't the mailbox money that some seem to think it will be.
This post was edited on 6/3/20 at 10:04 pm
Posted on 6/3/20 at 10:09 pm to TigerDaddy30
Call around and see if you can find a spot to store your boat. You’ll know about the market pretty quick.
Posted on 6/3/20 at 10:14 pm to Charm299
quote:
If you open one up, make sure you have water and electricity.
This. Has to be cheaper and more convenient than hauling it back to the house. Add in trash disposal, and a couple other things, so people could stage their rigs for next use could be okay. Long term storage is selling parking spaces.
Posted on 6/3/20 at 10:21 pm to Tortious
The one I stored my camper at had an ice machine, air compressor and a shop vac for anyone to use.
Posted on 6/4/20 at 12:15 am to Tyga Woods
I do not yet own any land for it. I’m literally still in the idea stage at the moment. One thing that I would definitely want to push would be providing the option of customers setting up Wi-Fi smart cameras (such as the highly affordable Wyze Cam) inside of their boats/RVs, and allowing them to connect to a complimentary Wi-Fi network on the property. This way, they could have the benefit of checking on their boat/RV from the comfort of their home, and even be notified if their camera senses a person on or in their boat/RV. I feel that this option of security would be a pretty good selling point itself. I had been a property crimes detective for several years, and I know the importance and benefit of these cameras in places such as storage unit facilities and such. The meth heads love burglarizing them, because by the time people realize they’ve been ripped off, days, weeks, or even months would usually have already gone by.
Posted on 6/4/20 at 4:54 am to TigerDaddy30
quote:
setting up Wi-Fi smart cameras (such as the highly affordable Wyze Cam) inside of their boats/RVs, and allowing them to connect to a complimentary Wi-Fi network on the property.
Good idea - the camera service. I wouldn't make the wi-fi free though. Charge a little something for everything. And I wouldn't cut the competitor's rates by much either. If they've been in the business for a decade or two, they've figured out the market. Plus your competitors won't be quite as pissed off at you if you keep the rates at or near the established level.
Searched YouTube for "how to start a boat rv storage business" quite a few videos on it.
Had thought a little about this business myself. Way down my list of probable ventures, though. Getting too old and lazy.
Posted on 6/4/20 at 6:55 am to TigerDaddy30
Was in self storage business for thirty years.
Twenty years ago I would get 12-15calls a day. Built two new twenty eight unit buildings and filled each one with new tenants in 14 days.
Then everyone and his brother built mini storages for the cash cow it once was.
The calls dwindled to 12 a month.
The grade of clients decreased. And all of the problems with that increased.
With boats and campers you have something of value to seize upon non payment.
You aren’t going to make money siezing stuff.
Be careful and search your market. Your facility has to be close to your market.
If you have a bunch of dusty cash and need to park it some where,
build a building.
Don’t even think about doing it with borrowed money.
If you put a dumpster,people will fill it with fish heads
Twenty years ago I would get 12-15calls a day. Built two new twenty eight unit buildings and filled each one with new tenants in 14 days.
Then everyone and his brother built mini storages for the cash cow it once was.
The calls dwindled to 12 a month.
The grade of clients decreased. And all of the problems with that increased.
With boats and campers you have something of value to seize upon non payment.
You aren’t going to make money siezing stuff.
Be careful and search your market. Your facility has to be close to your market.
If you have a bunch of dusty cash and need to park it some where,
build a building.
Don’t even think about doing it with borrowed money.
If you put a dumpster,people will fill it with fish heads
This post was edited on 6/4/20 at 6:59 am
Posted on 6/4/20 at 6:58 am to Bigfishchoupique
quote:
Then everyone and his brother built mini storages for the cash cow it once was
This. Big boys and private investment groups have jumped in big time in the last two or three years. Self storage units are on every major road and are all over around here.
Had a buddy who's family had several for many years and they were killer money makers. They finally sold out last year.
Posted on 6/4/20 at 6:58 am to TigerDaddy30
(no message)
This post was edited on 10/30/20 at 10:27 am
Posted on 6/4/20 at 7:06 am to notiger1997
quote:. Exactly. I suspect the Rv/boat deal will go the same way.
Self storage units are on every major road and are all over around here.
Once facilities are everywhere,people go to the closest one to home.
I lived on site and would answer calls 24/7.
At one time it was good,real good.
But during those times we had good conscientious customers.
Most of the people you deal with now are entitled POS’s. Scum of the earth people.
Posted on 6/4/20 at 7:17 am to TigerDaddy30
Insurance and security costs will limit your profits. People will expect you to go way beyond providing a safe place to park their stuff.
Posted on 6/4/20 at 7:48 am to notiger1997
quote:there are at least 10 new self storages still either under construction or waiting to start construction in the Nola metro right now. Not small ones either.
If it's anything like the general self storage industry, it's very much over saturated and been that way for a few years.
Posted on 6/4/20 at 7:52 am to Bigfishchoupique
quote:
Once facilities are everywhere,people go to the closest one to home.
Interesting. I would have thought that people would want a facility closer to the location they fish in? No RVs, obviously. I assumed that people would not want to tow 2/3/4 hours to a location.
EX: Venice/Delacroix/GI/etc. For boats only.
Posted on 6/4/20 at 8:08 am to slackster
Also, with people buying shite all the time, you should offer smaller buildings for the storage of other goods
I have a R/V, trailer, weekend car and an ATV that if there was a place somewhat convenient that I could store them at to get them out of may driveway/garage, I would do in a heartbeat. Like someone said, water/electricity would be plus, maybe even in only some of the units and with a premium.
I have thought about creating a LLC and renting one of those cookie cutter office/warehouse units just to store, but again, there is none convenient enough for it to be worth it.
I have a R/V, trailer, weekend car and an ATV that if there was a place somewhat convenient that I could store them at to get them out of may driveway/garage, I would do in a heartbeat. Like someone said, water/electricity would be plus, maybe even in only some of the units and with a premium.
I have thought about creating a LLC and renting one of those cookie cutter office/warehouse units just to store, but again, there is none convenient enough for it to be worth it.
Posted on 6/4/20 at 8:17 am to hollowpoint
quote:
The boat storage part seems simple - the RV part is the risky one to me. I've seen several lots go up in smoke and burn the entire complex down because someone had a short or left a fridge running. I'd make sure my insurance is paid up.
Happens with boat lots as well. My boss had his burn up last year along with about 80 others.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News