Why You Should Consider Boat and RV Boat Storage Facilities for Residents
Elaine Simpson
Consultant, Speaker, Virtual Speaker & Author for the Property Management Industry
Did you know that the demand for boat and RV storage facilities is rising? The pandemic had a lot to do with a newfound interest in boat and RV purchases, which really caused the increase in storage needs. Currently, there are about 800 completed boat and RV storage properties within the US, and RV ownership has increased by more than 62% in the last two decades.
As a property manager, it is up to you to ensure that the residents in your community have everything they need to live and thrive. It isn’t feasible for every owner to build some kind of storage facility on-site for their residents.?However, if you are in near proximity to one of these locations, why not try to partner with them and see if there is a deal to be made for your residents?
Benefits of Boat and RV Storage
When you can offer residents of your community boat and RV storage, there are many benefits:
Low Competition and High Demand
Since these types of storage facilities aren’t as common as regular self-storage facilities, you will find there is very little competition to meet the high demand. Most residents will travel up to 50 miles if needed to find a good storage facility.
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Increased Rent
This is also a good opportunity for a rental increase to improve profits. Additional fees will have to be given to ensure accessibility, safety, and convenience. While there may be higher costs involved initially, long-term profitability is definitely something to consider.
Low Overhead
If you are in an area that can withstand this type of storage facility, you will find low overhead once you get going. There is a lesser expense load for this kind of facility compared to a traditional self-storage facility for your community.
Bottom Line
The bottom line is this: as a property manager, you are always looking for ways to improve profits and occupancy within your community. If you see an opportunity for amenity long-term residents would pay for, then it is in your best interest to explore it further.
For more information on other ways, you can improve occupancy in your community, contact?Occupancy Solutions, LLC today.
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