Ritter on Real Estate Why RV Parks Are An Underrated Asset Class With Robert Preston *Replay*
*This is a previously aired episode* On this week’s episode, Kent is joined by Robert Preston to explore why RV parks are an underrated and increasingly compelling real estate asset class. Robert shares his journey from single-family flips to multifamily, mobile home parks, and ultimately RV parks, explaining how lower competition, strong cash flow, and operational upside drew him into the space. The conversation dives into seasonality, Sun Belt market selection, and how small operational changes—like dynamic pricing and improved amenities—can drive outsized returns. Robert also breaks down the key barriers to entry, including management complexity and financing challenges, and why those hurdles can actually create opportunity for experienced operators.
Where to find Robert:
- Company: Clime Capital
- Website: https://climecapital.com
- Email: robert@climecapital.com
Key Takeaways
- RV parks offer higher cap rates and less competition compared to multifamily, especially for investors willing to self-manage.
- Seasonality and climate matter—parks in temperate Sun Belt markets can achieve more consistent year-round revenue.
- Small operational improvements, like pricing adjustments and better Wi-Fi, can quickly boost NOI with minimal capex.
- Scale is critical: parks need enough sites and revenue to support quality on-site management.
- RV parks blend hospitality and real estate, requiring a different mindset than traditional apartments.
Books Mentioned
- Rich Dad Poor Dad – https://www.richdad.com/products/rich-dad-poor-dad
- Pitch Anything – https://www.pitchanything.com/book
- The Creature from Jekyll Island – https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X
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Production by Outlier Audio