RV Storage Facility Services
Do you have an existing RV storage facility that you want to upgrade to achieve better rents and occupancy? Are you ready to increase your NOI? Let our experience help you.
Boat & RV Storage Facility & Development Services Can Include:
- Preliminary site plan designs
- Structural engineering including foundation design.
- Evaluation of which parking system is best for your project.
Additionally, in the course of most transactions we find ourselves giving you advice on a number of issues including but not limited to:
- Development & site acquisition
- Construction
- Business plans & financing
Note that these services are only available with the purchase of your covered parking system.
Experience Counts
Absolute Steel is uniquely qualified to assist you in maximizing cash flow:
- We have developed RV and boat storage facilities.
- We own & operate RV and boat storage facilities.
- We manufacture the canopies and covers for RV and boat storage facilities.
Increase Rental Income * Achieve Higher Occupancy
Covered Parking Systems for Dry Land or Marina
Leverage a higher income stream – with covered parking spaces in your facility.
The Numbers Speak
We think RV and Boat storage can be a fruitful endeavor filled with opportunity. It is one of the last sectors of income property wherein the smaller developer/landlord can competitively invest. The reason why is that large equity firms aren’t yet players in this specialized storage niche which means you can be at the top of the heap if you do things right.
Don’t confuse RV and Boat storage with mini-storage – they are two different animals, the only similarity being the creation of storage space and someone who wants it. While the price per square foot is less for an RV or Boat space, the improvements cost less and the tenancy is much more stable; most mini-storage facilities have about 40% longer term tenancy while an RV/Boat storage facility has about 85% longer term tenancy.
As a result of unique installation techniques and our proprietary manufacturing process, some models of our RV/Boat canopies qualify as equipment, – removable and/or temporary – to some financial institutions. The advantages of this for financing and tax planning purposes allow for numerous benefits to the facility owner/operator; please consult your tax professional for further information.
- Tax Savings – Accelerated depreciation schedules may apply.
- Saves real estate property taxes – qualifies as equipment yet is fully engineered for local building codes.
- Immediately profit from increased cash flow.
Not all RV/Boat storage facilities have the set of circumstances required to achieve a covered parking rate which cash flows over and above the equipment lease payment – obviously, that is ideal. When seeking out such facilities, or to further evaluate your own facility, perform a Rental Comparative Analysis of the proposed location; the neighborhood comparable rents for both covered and uncovered parking.
The illustrative example* below is an actual RV/Boat storage facility located within a major metropolitan area of the Southwest US.
*There are many factors that can adjust the returns—up or down. For example, the above illustration does not take into consideration any multiple rental units IE more than one RV/Boat per cover.
Value of Additional Income
One does not incur additional expenses in an existing facility, in fact, maintenance and management issues typically decrease with covered storage tenants. Covered parking tenants take care of their possessions and that includes your yard..
Fully Engineered Systems
Fully Engineered Systems
Full engineering; stamped, signed and sealed by a Professional Engineer licensed in your state, may be purchased which demonstrate the structure(s) meet and/or exceed your local building codes for Wind, Snow, and Seismic Zone. Engineering includes all drawings, structural calculations and concrete/foundation/anchoring plan.
For RV and boat storage facilities, we have two types of systems from which to choose: Tubular Steel Systems and Post & Purlin Systems
Post & Purlin System
Tubular Steel System
Installations
Installations
Estimates are approximate; site conditions vary from site to site as do soil conditions. Accurate installation pricing is subject to approval of such site conditions by an Absolute Steel representative or the bidding contractor.
Professional
In some US areas Absolute Steel can provide you with qualified professionals we have experience with that can provide a turnkey project for your facility. Or you may seek out independent bids from your own sources and we would encourage you to do that. Our structures are very simple to install and we have years of experience at what contractor pricing should be – we’d be happy to consult with you on those and if necessary, speak to your perspective contractor.
Do-It-Yourself
90% of Absolute Steel consumer sales are direct to the private DIY’er – typically installing their systems with a spouse or some acquaintances; family, friends, or a paid handyman.
The following statement has been proven true thousands of times: Easily assembled by unskilled labor using commonly found tools.
Put yourself together a crew of relatively industrious individuals and you should have no problems. Professional installation or DIY; ease of assembly saves you money either way.
Ready? Let’s Start the Conversation
Please call us toll-free at 1-877-833-3237
with any questions or quote needs. We are here to help.
Customer service and pricing available from 8:00 am to 5:00 pm Arizona time Monday – Friday.
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