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What’s So Special About Boat/RV Storage?
Just when you think you’ve got self-storage figured out, boat and RV storage slips in with a new twist. Many facilities have had a few boat and RV spaces all along, so what’s the big deal? Making the numbers work on a facility primarily provides boat and RV storage may be more complicated than it appears. In a nutshell ...
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Market Trends for RV and Boat Storage
One would believe the rise in the cost of gasoline and, most recently, diesel fuel would slow the production and sale of larger boats and motor-homes, but it’s just not the case. Recent conversations with experts from the boating and RV industries indicate the RV- and boat-storage business is still on the rise. The old adage, “Bigger is better” is definitely ...
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Entering the Storage-Condo Market
Just about any kind of real estate can be turned into condominiums, including apartments, detached homes, offices, hotels, airport garages and even grain-storage buildings. Vehicle storage is no exception. The storage condo is an emerging niche within the rapidly growing market for RVs and boats. Condo development might be a good business venture to pursue. While it shares the ...
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Case Study: RV & Boat Storage Transforms ‘Worthless’ Property
“I had a piece of property that was essentially worthless. I couldn’t even give it away,” says Jim Karas, owner of Secure RV Storage. Karas isn’t your typical storage facility owner. He’s an innovator. He took a dubious piece of property in a poverty-ravaged area and gave it new life, enhancing the land’s value and enriching the community. Today, he is the ...
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Legal Perspectives: The Vehicle-Storage Contract
Vehicle storage (boats, RVs, cars, etc.) is a different kind of business than traditional self-storage, particularly as vehicles are often stored anywhere but in a separate, enclosed unit. Whether you’re renting storage in an open lot, covered building or individual units, vehicle storage presents several unique issues. Creating a Bailment? With the exception of individually enclosed units, the first issue ... (More)
To read more articles about developing boat and RV storage, click HERE.
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