Has anyone had experience owning an RV lot/pad as an investment? Would love to see some sample numbers and know how hard it is to keep it rented, etc. thank you!! -Matt
GENECOP said
03:32 AM Sep 12, 2012
Matt, a couple of members here do own lots and should chime in. I will however tell you that much like any real estate investment location, price, market and a little luck dictate profitability....
Jack Mayer said
03:46 PM Sep 12, 2012
You can see what we have on our website. Look in the RV Lots section.
You have to figure the numbers carefully. But we have no issue renting the lots we own....however we are VERY selective in what we purchase.
Jack Mayer said
08:46 AM Sep 13, 2012
Retama Village is relatively expensive - as you would imagine for a high-end luxury property. The costs for everything: HOA, taxes, garbage, sewer, water, and minimum electric run right around $2800 a year. The HOA fees give you complete lawn care, and trimming of landscaping, and mulching. It does depend on how may sq. feet of property you have. That is for phase 1 lots. It will vary a little from that.
You can make that back, and more, through rentals. Take a look at the Retama Rentals website if you have not seen it yet.
-- Edited by Jack Mayer on Thursday 13th of September 2012 08:47:17 AM
mcphelps7 said
03:30 PM Sep 13, 2012
Thanks for the lead Jack. I checked your website - excellent! I saw your maintenance/fee cost for Arizona. Do you mind sharing what your holding costs are for your lots in retama village? Thanks.
You have to figure the numbers carefully. But we have no issue renting the lots we own....however we are VERY selective in what we purchase.
Retama Village is relatively expensive - as you would imagine for a high-end luxury property. The costs for everything: HOA, taxes, garbage, sewer, water, and minimum electric run right around $2800 a year. The HOA fees give you complete lawn care, and trimming of landscaping, and mulching. It does depend on how may sq. feet of property you have. That is for phase 1 lots. It will vary a little from that.
You can make that back, and more, through rentals. Take a look at the Retama Rentals website if you have not seen it yet.
-- Edited by Jack Mayer on Thursday 13th of September 2012 08:47:17 AM