A Foolish Idea? What It's Really Like Owning An RV Lot (1 Year Review)
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- Опубліковано 27 січ 2023
- We have owned an RV lot for 1 year now. In this video you we talk about what it is really like owning an RV lot, was it worth the money and was it a foolish idea!
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RVing is a individual choice decision, meaning everyone does it for their own reasons. Over the years, I've owned a number of nice homes, all of them require maintence, sometimes at a high cost, that's life, so RVing, like anything, boils down to affordability. It is all about creating memories, can't put a cost on that, but some people create their own memories, their way! Monetarily, RVing is not a good financial investment, but when factoring in those memories, who cares, it is not even debatable!
We own two RV lots in Punta Gorda. It’s actually Class A and Airstream only. Now that is another story. It’s 55+ older and it’s like adult day camp. We rent one of our lots out that covers HOA fees and property taxes for both lots. We come in October and leave May 5th. My husband works from home so this perfect for us. I’m retired.
What a beautiful place! Enjoyed the video! Ken and I really enjoyed meeting you both! Safe travels! 😊
A very straight forward presentation, thanks.
We’ve owned a lot in a class A only resort in the Gulf Shores/Orange Beach, AL area for 7 years. We are so glad we pulled the trigger to buy our lot. When we’re not using the lot it’s rented over 80% of the time and the community rental program does a great job managing the whole process. A lot of folks have told me that buying a lot is a waste of time and money because they bought their RV to travel and not stay in one place. For whatever reason they can’t comprehend the fact that the lot can be rented and ultimately cover all cost and even make a little money so you can travel in your RV. Also, my lot has appreciated in value as you mentioned so it is an investment. Not sure why they don’t get it. Like Myaka, we have an HOA which does have restrictions on what you can do to your lot but as I learned you can make a case for change in the rules and, if the change is reasonable, you can actually change the rules. Our community is over 15 years old and it is in the top 10 RV resorts in the country which I attribute to having the HOA. The only downside, in my view, is the restriction on Class A only. I submitted a proposal to allow Super C’s in the resort and you would have thought I was the devil reincarnated. I’m not sure why folks are so adamant about the class A only restriction but that is one battle that may be difficult to conquer.
Well done folks.. thank you!!
Rv lots have doubled in the last year. Houses have tripled here. You bought at the right time. We love it here in Charlotte County.
Lots have sold for 20% more than we bought for. Keep it coming
Wow. Getting very close to 100K. Good review. Happy Trails MichelleGreenville. Saw you both at the Tampa RV show. Didn’t introduce myself. Didn’t want to interrupt what you were doing. 😊😊
We purchased our RV site recently at the Great Outdoors in Central Florida, Awesome place!!
You guys are living the life. That looks like a beautiful rv resort.
50-55 degrees? That’s shorts and t-shirt weather 😂🤣
I think you got an incredible spot the whole park is pristine!!
So ready to be down there. MI winters are getting to us. 3 years and counting. Will be visiting in a few weeks.
We do not own in an RV Resort but we do rent a seasonal lot in Michigan. For us this is great because our sticks and bricks is in an HOA and we cannot keep our Class A there. The cost for us is roughly what we would pay to rent a storage place near where we live!We love that we have established relationships at the campground and many of them have become year round friends. Kind of the best of both worlds!
We purchased about a year ago at a BEAUTIFUL resort in Florida called Motorcoach Resort at Port St. Lucie. We prefer the East Coast of Florida over the West Coast. It has everything we need including a golf course! We have a large tiki with an outdoor kitchen right on a lake overlooking the golf course. We love the outdoor living. I don't get the whole house or casita on an RV lot thing, we can live in the RV. I do enjoy that we are a Class A only resort as your is. I think it adds an air of class and keeps ascetics uniform (no, we are not rich snobs). Best of all, as you said in your video, our "lot" is now valued $60K over what we purchased it for a year ago. Is it for everyone, no, but watching your video on purchasing a year ago is what help us decide to do it. We are glad we "took the plunge"!
I believe you guys bought at the tight time when you did. I would property too like that one and out my Rv there. That HOA sounds good that they take care of you while you are away. I love that pro. Love your pros on having property. Glad you bought it at the right time. Glad you talked of the cons. I like the pros of it though. Thank you Izzy and MJ!
You really have my interest peaked about this resort. I'm an owner at R- Ranch in the mountians and would love a place in Florida as well.
That was a beauiful bridge on the Resort.
We own an acre lot on a waterway. We have not developed yet but are planning to add three RV Sites and a cabana to sit under.
Very straightforward, open and honest pros and cons views of owning property in an RV resort, MJ and Izzy. I think you bought at exactly the right time; prices are definitely trending higher and the Myakka River Motorcoach Resort is upscale without being pretentious, a perfect place in a convenient location. Do you think you might want to build a small house there someday?
Lots have recently sold over 20% what we paid 1 year ago which is what were hoping for and winter rentals are booked 1 year in advance. The area is exploding with development.
Not sure about the house until we have a better feel how much and how long we would use it.
We’ve been starting to weigh some options I have 3 years to retirement and we definitely plan to spend our winters in Florida, probably start off renting either a Condo, RV resort lot or park model trailer, I’m skeptical though of HOA’s we belonged to 2 of them, they’re not for everyone (can be a lot chaos and politics) pro’s and con’s as mentioned, Congrats on your first year ownership, looks to be a beautiful RV resort!
Still thinking about it. Been in many HOA locations when we built large custom homes and just not sure we could stand the “nearness” of most places… I’m happy that we don’t all want the same thing - keeps life interesting.
It works for some and not others. For you two, seems to work. For, I personally don’t care for them . I prefer the west and open spaces and mountains.
I think it is great for you. I don't see us going full time and selling everything. But we did travel 11,620 miles, 3 coast and 21 states last year. I do have a spot to park my RV it is on 2 acres with full hookups. I think you made a good investment.
We don't own a RV lot, but we have a single family home a few miles from you and we park our Class A at home. A couple of restaurants for you is Alvaro's in North Port on 41. I am actually having dinner there as I type this. Secondly The Country Hound in Englewood on 776. It's in the Winn Dixie shopping center at the corner of Placeda and 776. Enjoy your trip guys.
It looks great for you both, you’re going to make so special memories. Not Lon before you smash your 100K marker guys! 🤗👏🏻😉
Yep almost there! 😍
It looks amazing and I completely understand what you mean about some of the more « upmarket « parks. You are judged the minute you arrive. I prefer a mixed community with people from all types of backgrounds. It’s more a reflection of life than living amongst the snobs!
I was interested in buying an RV Park myself but I missed it by a couple of days 🙄 I’m keeping it touch with the owners just incase as you never know.
It looks like you have the perfect place for your vacations or to create an income. Is it covering your costs yet ?
See you one of these days 😉🕊️💫
Great content. Very helpful.
Ever done an ROI on owning vs renting the lot?
Yes we have
Great comments and points about the resort. There are so many of them in the south, but it is nice to have a home base when traveling for several months at a time!! Thanks Izzy and MJ
My strategy - to buy a resort property / condo - on the ocean in another country (I did in Ecuador ) and whenever / and wherever I am - I just put my rv in storage for a few months (2-4) and visit - then return and go back on the road -
like you rent out your rv lot - I rent out my condo for income
BTW - Where I bought it’s between 71-83 degrees year round. Oh and my yearly property taxes??? $412 a year.
Plan on doing a lot here in Texas at Gulf Waters at Port A - was really surprised to find out that Banks will not lend on RV lots here (Cash only)
Did I miss the link to the RV resort I don't see it?
Very nice, unfortunately for us it’s only for Class A, which excludes us. 😞
What you are doing I want to do, find a place around the Sarasota area like that.
Alice is so jealous, we still dont have a place to go when the shit hits the fan. No Fifth wheels, wow, how rude, haha. Looks like a beautiful park. It was great seeing you guys a the Tampa show, see you on the road. Larry
Lol! So great to see you guys too. Stay well please. 😊
Beautiful resort.
We agree!
You dont mention the HOA cost, The range of property cost, these are the two most important factors that prospective buyers would be interested in knowing......
I am considering moving to an RV park with a casita.
HOA should not allow your lot to be rented out. Defeats the purpose of buying in a private park.
HOA makes money in rentals
Looking at that resort, makes me think about getting a Dutch Star 4071. Beautiful place with lots of activities in the area. I saw lot 3 for sale. Wish I could afford that spot and the Dutch Star lol. Very good pro's and con's. I am really anti- HOA however, I would make the exception there.
It’s a great place and lot 3 is sold lol
Personally I myself would never purchase or be part of a HOA, but that is just me O'yea my wife either.
Just find a good yardman it will cost you a lot less. But in you case I can see because you do rent it out while you
are not using. Maybe I could change my mind in the place where you are purchasing it .
I have owned land in a place like this, but I'm thinking of purchasing 54 areas of land about 30 min from Knoxville, Tn.
Yea that would be a good ideal I could sale a few lots at reduce prices but make lots 1/2 areas . That will be
sometime down the road but I'm know I will do this later.
It looks good but I can't afford now. May be when I retire.
I was curious how this was going for you guys.Hopefully all good. How is the renting going off season versus Snowbirds?Is it able to cover costs...HOA, property, insurance?
We have a video coming out shortly
Roughly what percentage of the time were you guys able to rent it out? Primarily during peak, or some off season too? I am considering this, but being able to rent when not there would sure help offset the costs.
Oct- April
We own our own lot in Boulder City NV. I agree with you on both the pro and cons. We love the area and wanted something west coast that’s not 55+ and since we have a 5th wheel there are some limits since owners resorts are often motorcoach resorts (at least the nice ones). If a manufacturer would make a Class A with a separate office space away from the bedroom then we’d get one but as a working full time traveler I need the garage space for my office.
Fleetwood makes class A diesel with a separate office space. Believe it’s in the Frontier line
@@EndlessRVing I’m pretty spoiled with my awesome 48” Uplift Desk and 49” monitor ua-cam.com/video/lfAeEk8iDUw/v-deo.html
What happens if you sell your A and get something else?🤔
Why are you selling now?
Does the rentals cover your costs? How often is it occupied when your not there?
Covers cost and additional income
I’m curious with the 10 year rule for the coach. Does that mean you need to purchase a new coach every 10 years??? In order to be complaint?
No they just don’t want RV’s that look bad
If only we were 30 years younger.
Why?! Age is only a mindset… if I was thirty years younger I’d be around diaper age again and if I let myself I can feel like a dinosaur sometimes… you just gotta pray to God and ask for strength! If you put Jesus first He will take care of you!
@@bounderchris WTH? If I were 30 years younger I'd STILL be older than you are now! LOL Age is NOT a mindset age is a fact, I'm OLD, way too old to make such a purchase now. IF you make it to my age I hope you are still able to do what I am able to do at this age, MOST people can't! And I pray to God everyday
@@jimestell3853 I’m so glad to hear you pray to God everyday! Please read John 3:5 and Acts 2:38. So many people think they are saved and going to Heaven but they aren’t… we have to follow God’s way and plan to salvation! The OT was our Schoolmaster bringing us to Christ and now we understand the NT is Spirit. Don’t let the lies of this world fool you! You aren’t saved unless you have repented, been baptized in the NAME of Jesus Christ for the remission of sins (not titles, Acts 4:10-12) and filled with the Holy Ghost with the evidence of speaking in tongues! If you have any more questions I would love to guide you! I have send people who are in their 90’s who love God but didn’t have the truth hear this truth and follow God’s plan to salvation before it’s too late! NOBODY in the Bible ever said a prayer to Jesus making Him their personal savior to be saved!!
How many months out of the year is your pad rented?
6
Are you going to rent it out or sell it when you get the Super C?
Not sure we will get a super c.
I think you missed the hidden cost, you pay for this when you camp elsewhere. To take a trip your base cost is high. This might prevent trips because you already have a site to go to. At $100k that is $27 a day over 10 years. The other con is these have zero value to the next generation. Owning and maintaining a Class A is not easy for someone with young kids. They will immediately put it for sale at a low price to get out of it. In the next 5-10 years these will flood the market.
I was about to ask if you have alligators at the park. Then I saw the sign. 🐊☀
Florida = gators
Any body of water here in FL is subject to gators...
The alligators are allowed to stay for free.
Our HOA was dictators. I was in sticks and bricks at the time.
They won't allow a nice new Super C?
No
@@EndlessRVing Thanks for the reply. Love the channel 🍻
Thanks!
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"Blue Collar" people? 🤣🤣🤣
Cousin Eddies not welcome!
No sir
Because there isn't a back wall in alot of the super C RVs today they are considered a class A
No
No they’re not. Class A & super C aren’t even close. Never heard of an ownership park with “Class A only” rules that accept something else. It would make the previous buyers furious.