RV Parks Could Be a Better Investment than Single-Family Homes

Investing in RV parks is a type of investment that often is overshadowed by putting money into single-family homes. While single-family homes can be profitable, RV parks could be a better investment in the long run. Here are a few things to consider about why you might want to consider putting money into an RV park.

Repairs

One of the best things about investing in an RV park is that you are not actually going to have to take care of any physical structures. When you own a single-family home, you have a property that is continually going to need to be repaired. This means that you will have to repair the roof, fix the flooring, paint the walls, and update the plumbing and electrical. Over the long run, these expenses can really add up. On top of that, you are going to have to do the work yourself or pay someone else to do it for you. Many landlords tend to get fed up with all of the constant repairs and maintenance that go on with a single-family home. When you own an RV park, you are not going to have to worry about any of this. The people that are staying in the park are going to bring their own RVs with them. They are going to be in charge of fixing them or repairing them if something breaks down. You can simply make sure that the grass is mowed and you should not have to worry about any other types of repairs or maintenance.

Flexibility

Another benefit of investing in an RV park is that you are going to be able to benefit from some flexibility. These tenants are not on a lease and you could potentially ask one of them to leave if they start to cause any trouble. If they do not pay the rent, you can kick them out without any notice. The laws that apply for tenants in a single-family home do not apply for people staying in an RV park. 

Tenants

Another advantage of RV parks is that the tenants are going to be a lot more favorable to work with. In an RV park, you are going to be dealing with people that are essentially on vacation. They are getting away from the grind of life and they will typically be in a better mood. When you own a single-family home, people are going to be thoroughly engaged in everyday life. This means that they may be difficult to work with and they could cause you problems as a landlord.

More Cash Flow

When you own an RV park, you are only going to have to purchase one piece of property. With that one piece of property, you can potentially rent out several different RV spots. When you own single-family homes, you have to buy a new house to create one new source of income. Therefore, the cash flow is going to be better with an RV park in most cases.

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