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  1. #1

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    If you're new to property management, I suggest you find a local real estate professional that manages properties in that county, buy him/her some lunch and get some inside track on how that county handles things like evictions and other legal processes that you'll be dealing with. You want someone that's experienced it all from broken deals to evictions.
    Also, is this a true 'RV Park' or is it a trailer park with long term residents? The latter requires constant management.
    Find some other nearby RV Park owners and get friendly. Just stop by and say hi, ask for contact with the manager/owner as a potential peer.
    Lastly, the lower rents are the hardest to collect.

  2. #2
    Ammosexual GilpinGuy's Avatar
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    Mar 2012
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    Rural Gilpin County
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    Quote Originally Posted by battlemidget View Post
    If you're new to property management, I suggest you find a local real estate professional that manages properties in that county, buy him/her some lunch and get some inside track on how that county handles things like evictions and other legal processes that you'll be dealing with. You want someone that's experienced it all from broken deals to evictions.
    Also, is this a true 'RV Park' or is it a trailer park with long term residents? The latter requires constant management.
    Find some other nearby RV Park owners and get friendly. Just stop by and say hi, ask for contact with the manager/owner as a potential peer.
    Lastly, the lower rents are the hardest to collect.
    Actual RV park/campground. Not a trailer park.

  3. #3
    The "Godfather" of COAR Great-Kazoo's Avatar
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    Quote Originally Posted by GilpinGuy View Post
    Actual RV park/campground. Not a trailer park.
    I'd start at the main money issue. Insurance. Who cover them, what is or is not covered, etc. A lot of people look at the potential income versus actual monthly expenses. A liquor store on site will run more insurance wise than 1 w/out
    The Great Kazoo's Feedback

    "when you're happy you enjoy the melody but, when you're broken you understand the lyrics".

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