Is boat storage a good investment?

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Tyrell Williamson asked a question: Is boat storage a good investment?
Asked By: Tyrell Williamson
Date created: Wed, Feb 24, 2021 9:00 AM
Date updated: Thu, Sep 1, 2022 12:35 AM

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Top best answers to the question «Is boat storage a good investment»

Is RV and boat storage a good investment for your business?

  • While RV and boat storage can be a great investment, you need to make sure that your local market needs such a facility. Open space near campgrounds, lakes and other bodies of water make ideal locations for storage facilities. But make sure you will offer something that other established facilities don’t already have.

Are boats a good investment?

  • Boats are a good investment if you don’t overshoot your budget. If you research your options and go for a vessel that you can afford, nothing trumps the joy of spending time on the water.

During the coronavirus pandemic, sales of of boats and RVs are booming. In fact, 2020 is expected to be one of the highest years for such sales; and the prediction is that 2021 could be the best year ever. This increase in vehicle ownership has translated to a greater need for boat/RV-storage units.

  • While RV and boat storage can be a great investment, you need to make sure that your local market needs such a facility. Open space near campgrounds, lakes and other bodies of water make ideal locations for storage facilities. But make sure you will offer something that other established facilities don’t already have.

9 other answers

A huge part of the cost of owning a boat is storage. If you store your boat at the marina, you may end up paying thousands of dollars over a boat you don’t use. If you own a small boat, consider storing it at home if you have space. You can even keep your vessel at a friend’s place or somewhere secure. A little creativity can save you a lot of money and trouble when it’s time to store your boat.

While RV and boat storage can be a great investment, you need to make sure that your local market needs such a facility. Open space near campgrounds, lakes and other bodies of water make ideal locations for storage facilities. But make sure you will offer something that other established facilities don’t already have.

Solar covered RV & boat storage is a win, win investment! Owners of recreational vehicles are more likely to be environmentally friendly and advocates of renewable/alternative energy. These people love the outdoors!

Image by Namelas Frade via Flickr Creative Commons. 5. Invest in advanced security monitoring. When you have millions of dollars parked on your property, it’s important to keep a close eye on them at all times. If you’re in the RV and boat storage market, security is one place you should definitely not cut corners.

Fully Enclosed RV / Boat Storage is really the crème-de-la-crème of the storage “for rent” products, and should be designed and built with the most discriminating tastes in mind. This is a product that caters to the high end Class A RV’s and Boats – and will attract a more affluent and judicious renter.

Daniel TownsendFlipper/Rehabber from Cincinnati, OH. replied almost 2 years ago. @Clint Shelley that’s interesting. In my area in Cincinnati, I see mainly not sheltered storage. There’s like 40 or 50 RVs on a fenced lot. That method seems pretty lucrative if someone’s paying even $30 or $50 a month.

The storage of boats and recreational vehicles can be a lucrative business. With cities nationwide passing ordinances banning RV and boat parking on residential streets and, in some areas, even a driveway. These laws make it clear that city officials want such large vehicles stored behind gates either in the backyard or a storage facility.

Most successful RV and boat storage properties are located along easily accessed highways and close to recreational activity areas. Describe the property’s immediate surrounding area, as well as local and regional geographic characteristics.You may also want to address land use issues and the ability for new competition to arise nearby.

Top Five Reasons You Should Be Investing In Storage Units 1. High Demand. As we discussed earlier, as consumers continue to consume at a rapid rate, spurred by retailers making it easier with next day shipping, the need for self storage continues to climb. The majority of those that rent space is from the residential groups (70%).

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