Your a young guy in business and you do really well responding to the challenges. Being old and retired I only have concerns of being attacked or having my minivan attacked or storm damaged. Doing business in the United States to me a no win activity. If you are actually receiving your rents that is fantastic. Working in the 1990s it was assumed 20 to 30 % of all fees would not be recoverable. I think for many people small business is negative income. I continue to hope and pray the greatest success for your business.
Great videos! Can you do some more videos/updates on the RV rental business specifically how 2022 was and what you anticipate for 2023? I'm in Colorado and my wife and I are considering a sprinter van for us to use and rent out when not using it. I've spoken to a van consignment company and they would want to do a 60/40 split for profits. The 40% would include whatever Outdoorsy would take. What are your thoughts on this?
Love the tracker suggestion. I'm considering purchase of a less than 30' used class A. Financing half. Question: Is it better to rent out a cheaper rig like a Thor for $40 or $50k or a better quality rig like a Newmar for $60 to $70k? Will renters have more respect for a higher quality unit? Is there more or less risk with a higher quality rig?
@@gfmucci That’s a good question. We have a Thor Four Winds in our fleet currently. It rents out similar occupancy to other nicer RVs. I think purchasing a nice condition Thor for 40-50k would be a good route.
They don’t cover dings or scratches under 4 inches which I thought that interesting 😢 Yes, theft isn’t extremely common in the east bay of California - I just saw someone break a window there in broad daylight in a busy shopping center and just steal the entire contents of the van and drive off at like 12pm … they will not hesitate to break windows.
I was an Architect Analyst Banking Representative Security Officer and I feel a must to solve every problem. Reviewing my professional career there is one overwhelming theme that surfaces. As my CEO in Washington DC once admitted "there is not profit without crime". I like to be a technician and typically I could not achieve technical assignments due to criminal compromise. Starting in the 1970s working for international design firms we built mega structure hospitals funded by health insurance companies flush with cash. In the 1980s working again for the largest architectural firms we made money making good cheaper buildings. Continuing in the 1980s working for a major military contractor the government paid on contracts then funded overhead separately. Realizing overhead could be inflated with excessive construction and inflated contracts the company profited and grew with continuous excessive overhead funding. This was also made possible with 100% kickbacks on contracts. Moving on to military base construction the entire process was based on overcharging and even forcing projects to be demolished and rebuilt at twice the price. Moving to California public school construction profits were generally made by getting small contractors to low ball bids and then burning them to the ground. If they complained and went to court they could or would be killed. Small rich firms by standard would routinely have false insurance claims. Many claims such as those you reference are successfully staged. Going into the Roman Catholic Church I found donations such as million dollar food donations were covers for tax fraud. Give rotten food to the church and write it off at premium value. The issue is a wealthy church taking excessive donations is wide spread. Moving to Washington DC Paralegal work selling out a client was normal. Also representing the government and drawing fees for unfair out of court settlements paid well. Over billing legal fees too made vast amounts of money. I worked in Malaysia representing Japan which shows the biggest companies also get burned. Japan would under bid huge contracts so the United States would set up competition between Japan and Korea and made sure Korea won. This resulted in the Japan we know today with extremely collapsed exports. In Banking something that is extremely wide spread is selling millions of dollars between know companies that guarantees profits to the original investors. Say you build a van or container house etc. Then sell it at a marked up price to another company or even a friend or employee. You have the business and the profit and the downstream owner has an asset or business opportunity. I next went into casinos. Typically graft is present everywhere though the big money is cheating investors. Borrowing money on a profits based payback arrangement then steal the profits faking the books to say there are few profits. Another casino greatly inflated its records stating false profits and drawing in investors using investors money to pay everything and everyone. Casinos love to claim huge prizes when infact prize money is paid internally. I worked in elderly care where stealing elderly money and even killing the elderly stealing their estate is normal. In closing getting the government to pay you for elderly low income housing or single parent housing is big money. If you develop a good reputation with HUD they will pay for your master planned new community.
Your a young guy in business and you do really well responding to the challenges. Being old and retired I only have concerns of being attacked or having my minivan attacked or storm damaged. Doing business in the United States to me a no win activity. If you are actually receiving your rents that is fantastic. Working in the 1990s it was assumed 20 to 30 % of all fees would not be recoverable. I think for many people small business is negative income. I continue to hope and pray the greatest success for your business.
Great videos! Can you do some more videos/updates on the RV rental business specifically how 2022 was and what you anticipate for 2023? I'm in Colorado and my wife and I are considering a sprinter van for us to use and rent out when not using it. I've spoken to a van consignment company and they would want to do a 60/40 split for profits. The 40% would include whatever Outdoorsy would take. What are your thoughts on this?
Love the tracker suggestion.
I'm considering purchase of a less than 30' used class A. Financing half. Question: Is it better to rent out a cheaper rig like a Thor for $40 or $50k or a better quality rig like a Newmar for $60 to $70k? Will renters have more respect for a higher quality unit? Is there more or less risk with a higher quality rig?
@@gfmucci That’s a good question. We have a Thor Four Winds in our fleet currently. It rents out similar occupancy to other nicer RVs. I think purchasing a nice condition Thor for 40-50k would be a good route.
Thanks for the video, we have a fleet of 2 going on 5 right now but NY is the hardest state need to be very diligent about everything
They don’t cover dings or scratches under 4 inches which I thought that interesting 😢 Yes, theft isn’t extremely common in the east bay of California - I just saw someone break a window there in broad daylight in a busy shopping center and just steal the entire contents of the van and drive off at like 12pm … they will not hesitate to break windows.
Thanks, appreciate it. 🙏🏼
I was an Architect Analyst Banking Representative Security Officer and I feel a must to solve every problem. Reviewing my professional career there is one overwhelming theme that surfaces. As my CEO in Washington DC once admitted "there is not profit without crime". I like to be a technician and typically I could not achieve technical assignments due to criminal compromise. Starting in the 1970s working for international design firms we built mega structure hospitals funded by health insurance companies flush with cash. In the 1980s working again for the largest architectural firms we made money making good cheaper buildings. Continuing in the 1980s working for a major military contractor the government paid on contracts then funded overhead separately. Realizing overhead could be inflated with excessive construction and inflated contracts the company profited and grew with continuous excessive overhead funding. This was also made possible with 100% kickbacks on contracts. Moving on to military base construction the entire process was based on overcharging and even forcing projects to be demolished and rebuilt at twice the price. Moving to California public school construction profits were generally made by getting small contractors to low ball bids and then burning them to the ground. If they complained and went to court they could or would be killed. Small rich firms by standard would routinely have false insurance claims. Many claims such as those you reference are successfully staged. Going into the Roman Catholic Church I found donations such as million dollar food donations were covers for tax fraud. Give rotten food to the church and write it off at premium value. The issue is a wealthy church taking excessive donations is wide spread. Moving to Washington DC Paralegal work selling out a client was normal. Also representing the government and drawing fees for unfair out of court settlements paid well. Over billing legal fees too made vast amounts of money. I worked in Malaysia representing Japan which shows the biggest companies also get burned. Japan would under bid huge contracts so the United States would set up competition between Japan and Korea and made sure Korea won. This resulted in the Japan we know today with extremely collapsed exports. In Banking something that is extremely wide spread is selling millions of dollars between know companies that guarantees profits to the original investors. Say you build a van or container house etc. Then sell it at a marked up price to another company or even a friend or employee. You have the business and the profit and the downstream owner has an asset or business opportunity. I next went into casinos. Typically graft is present everywhere though the big money is cheating investors. Borrowing money on a profits based payback arrangement then steal the profits faking the books to say there are few profits. Another casino greatly inflated its records stating false profits and drawing in investors using investors money to pay everything and everyone. Casinos love to claim huge prizes when infact prize money is paid internally. I worked in elderly care where stealing elderly money and even killing the elderly stealing their estate is normal. In closing getting the government to pay you for elderly low income housing or single parent housing is big money. If you develop a good reputation with HUD they will pay for your master planned new community.
I appreciate the honesty of the bad side of the business.
Bro you need to get some protection!