Boat and RV storage operators fail because they underestimate seasonality. Spring brings a major move-out wave, but many model flat annual occupancy and get blindsided by the cash flow swings that self-storage doesn't face.
Chapters
because the operators who struggle in this vertical almost always struggle for the same reason: they're surprised by seasonality. And the ones who perform treat it as a cash flow pattern they already know is coming. And there we go. Before we get into strategies though, let's make sure the cycle is clear. Um, this is not the same as self-storage demand. Self-storage demand is relatively flat across the calendar year. Boat and RV storage demand moves in predictable waves. And if you're modeling this asset with a flat annual occupancy assumption, your pro forma is going to be wrong. Spring is your move-out season.