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 > Would You Camp at a Place Like This??

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Walaby

Georgia

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Posted: 02/11/20 08:09pm Link  |  Quote  |  Print  |  Notify Moderator

HadEnough wrote:


*Quiet, Private land holding only one or 2 other RVs, if any. You might have the whole thing to yourself.
$50-$80 a night depending on location.

Simple math tells me you'd have a hard time making a profit on this.

Lets say high end. $80 a night. Lets say three RV's total and lets say you are full 365 days a year (highly unlikely). 3x$80 = $240 x 365 = $87,600 GROSS before any expenses.

Can't see how this is a profitable plan.

Am I missing something?

Mike


Im Mike Willoughby, and I approve this message.
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CavemanCharlie

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Posted: 02/13/20 04:06pm Link  |  Quote  |  Print  |  Notify Moderator

Walaby wrote:

HadEnough wrote:


*Quiet, Private land holding only one or 2 other RVs, if any. You might have the whole thing to yourself.
$50-$80 a night depending on location.

Simple math tells me you'd have a hard time making a profit on this.

Lets say high end. $80 a night. Lets say three RV's total and lets say you are full 365 days a year (highly unlikely). 3x$80 = $240 x 365 = $87,600 GROSS before any expenses.

Can't see how this is a profitable plan.

Am I missing something?

Mike


If already own the land and it is just setting there idle then 87,600 dollars a year seems like a nice extra bunch of money to me.

I was kinda thinking from the OP's post that is the sort of thing he was talking about. I've seen places like this but, have never stayed in one.

I've also never stayed anywhere that was over $45 a night and that was at a casino.

Lantley

Ellicott City, Maryland

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Posted: 02/13/20 04:17pm Link  |  Quote  |  Print  |  Notify Moderator

It may seem like a bunch of money until you pay taxes on it. Then there is insurance,maintenance,salaries, utilities,waste disposal,water testing the list goes on.
The point is, you just don't get to stick the entire sum in your pocket.


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Walaby

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Posted: 02/13/20 05:06pm Link  |  Quote  |  Print  |  Notify Moderator

Lantley wrote:

It may seem like a bunch of money until you pay taxes on it. Then there is insurance,maintenance,salaries, utilities,waste disposal,water testing the list goes on.
The point is, you just don't get to stick the entire sum in your pocket.

Exactly.

Even for three spots, you're offering full hookup, so you have utilities, waste disposal, water testing and insurance. Even if you do all the work yourself, so you don't pay salaries, you're not gonna make much, and OBTW - the $87K assumes you are full capacity (3) for 365 days a year. No way that happens.

Mike

mich800

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Posted: 02/13/20 05:07pm Link  |  Quote  |  Print  |  Notify Moderator

wrong quote

mich800

Pontiac, MI

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Posted: 02/13/20 05:08pm Link  |  Quote  |  Print  |  Notify Moderator

Walaby wrote:

HadEnough wrote:


*Quiet, Private land holding only one or 2 other RVs, if any. You might have the whole thing to yourself.
$50-$80 a night depending on location.

Simple math tells me you'd have a hard time making a profit on this.

Lets say high end. $80 a night. Lets say three RV's total and lets say you are full 365 days a year (highly unlikely). 3x$80 = $240 x 365 = $87,600 GROSS before any expenses.

Can't see how this is a profitable plan.

Am I missing something?

Mike


With only three spaces the only advantage I see would maybe using a tax write off on an otherwise ineligible asset like land or improvements. Occupancy rates probably in the 20-30% and not at those prices. So after marketing and insurance expenses maybe a break even endeavor. It can be done but probably pretty difficult to turn a profit on such a small scale.

CavemanCharlie

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Posted: 02/13/20 06:27pm Link  |  Quote  |  Print  |  Notify Moderator

Lantley wrote:

It may seem like a bunch of money until you pay taxes on it. Then there is insurance,maintenance,salaries, utilities,waste disposal,water testing the list goes on.
The point is, you just don't get to stick the entire sum in your pocket.


I do wonder about how much Insurance would be. It could be quite high.

Lets say you own a farm in South Dakota about 30 to 70 miles from the Black Hills or Mt Rushmore. You make a living off of raising corn and soybeans. But, you have a few acres of pasture in your back yard. You have to pay taxes on it but, it is not ground that you can make farm income off of.

As a farmer you already have the equipment to do the maintenance to a gravel road to a few spots.

You don't have to pay any salaries. (I don't know why you would) .

You do have to pay for the electric that the RV's use. Electric is quite cheap in the midwest, though I don't know how much a day that would be honestly.

Waste disposal in the midwest is a burn pit or take it to the local landfill. I take a pickup load of garbage that I can't burn or recycle to my local landfill and it's under 20 bucks a pickup load. (13 bucks actually)

Most, but not all, places are Rural Water systems now. It's like city water so there is no testing. But, you do have to pay for it by the 1000 gallon increments. (I'm not sure how much a RV uses in water for a day.) Even if you are using a well you can test it yourself once a year and you are good to go. But, insurance might require more testing then that. I'm not sure.

No , you don't stick all that money in your pocket, I agree. But, some people are doing it.

I used to have bookmarked a site that listed places where you could camp in peoples backyard but, I lost it. I will see if I can find it back again.

* This post was edited 02/13/20 06:39pm by CavemanCharlie *

Lantley

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Posted: 02/13/20 07:05pm Link  |  Quote  |  Print  |  Notify Moderator

Most, but not all, places are Rural Water systems now. It's like city water so there is no testing
If it's for public consumption the health dept. gets involved resulting in testing
You don't have to pay any salaries. (I don't know why you would)
I guess if you do everything yourself there are no salaries but now your working for free.
Who is going to take/monitor reservations?
Who is going to collect site fee?
Who is going to clean the sites?
and do it all for free!

Waste disposal in the midwest is a burn pit or take it to the local landfill. I take a pickup load of garbage that I can't burn or recycle to my local landfill and it's under 20 bucks a pickup load. (13 bucks actually
Once again it takes time to get it there. It takes gas in the truck. There is a fee at the dump. There are real cost associated with waste

Did I mention advertising, How are you going to attract campers to your sites? Will you have a website? Photos? Who will monitor the website and respond to inquiries?
Will you respond to public reviews? Will there be someone on site 24/7 as the acting manager in case of issues? Since there are no salaries this person will have to be a volunteer.
Or someone donating their free time.

HannahFelly

Elk Grove Village

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Posted: 02/14/20 04:09am Link  |  Quote  |  Print  |  Notify Moderator

I would love it, this is the type of camping I prefer anyway. Privacy and relaxation are what it offers and what I seek in my adventures. Socializing with others is awesome too, but sometimes, you need to take some time off from everything and everyone else.

Jayco25E

PA

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Posted: 02/14/20 06:58am Link  |  Quote  |  Print  |  Notify Moderator

PA12DRVR wrote:

No dog in the hunt (I don't RV anymore) but a couple of things jumped out at me:

- It seems like KOA is somehow the benchmark? Didn't used to be that way 10+ years ago when I was active;

- A nice shiny new park where one is 2' away from the next guy is not appealing but FWIW, I'd pay a fair amount of coin for a spot that was: a) newish; b) clean; c) not decaying; d) not jammed; and e) had good clean showers and washrooms.

I fly the ol PA-12 out every summer for some real boondocking, but when I used to RV, a nice spacious layout served with a clean shower setup was always worth a fair amount of money.


I am surprised no one ask what a PA-12 is. LOL I know as my dad taught me to fly in a PA-22. Happy flying!


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