How much $ do RV parks make?......#rvparks #rvparkinvesting #mhpinvesting #realestateinvesting

Do you ever drive by an RV park and think, how much money does that thing make? Well, let me tell you, I buy these things for a living. This is the park we bought last two months ago down in Louisiana, 135 pad sites. And this is how we increase profits by 50% while still charging our tenants well below a market rate. When we bought it, it had 135 pad sites charging 600amonth at 80% occupancy. We bought it at an 11% cap rate, which is a great price. We. We increased occupancy from 80 to 90%. We raised the rents from 6 to $700, still well below market rents, and we dropped the expense ratio from 40 to 30%. So at purchase, this park was profiting about $38,000 a month. But today, this park is profiting about $59,000 a month, which is a 50% increase. We made repairs, we added value. We made it a better park. We raised rents a little bit, but it's just a better place to live.