I study a lot of mobile home and RV parks across the country as they produce phenomenal results when it comes to cost segregation. There are few asset classes that perform better. But these things are also massive cash generators and while there are some people starting to accumulated them, it’s a disjointed, fragmented and undercapitalized asset class that is ripe for disruption, consolidation and massive improvements. Many parks that I have seen have been operated by the same guy for the past 20-30 years and usually see rents substantially under market. New owners are coming in are often making improvements and boosting cash flow – i.e. better returns.

I’d like to share a LinkedIn post from Dylan Kidd whom I’ve worked with before on a number of studies. He is a specialist in RV Parks and Campgrounds and believes in it so much that he left a well estiblished and well regarded firm here in Greenville, SC to launch his own brokerage called Campfire Capital Group that will focus on Outdoor Hospitality in the southeast U.S. I thought his post on LinkedIn nailed so many great points about outdoor hospitality, RV parks and campgrounds.