RV and Boat Storage with Scott Ramser [An In Depth Walkthrough]
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 23 February 2021
⏱️ 66 minutes
🧾️ Download transcript
Summary
Welcome back everybody to the Self Storage Income Podcast! I’m your host, AJ Osborne!
So as you could imagine, I get a ton of questions about a lot of things self storage… but something I get asked about absolutely all the time is RV and Boat storage.
Common themes I hear are, “Hey AJ, I have some land and want to put some open parking spots for RV and boat storage so I can make some money and get into the self storage game.” Or, “Hey AJ, I want to develop but don’t have the capital to build a large full scale storage facility, could I do Boat and RV storage?”
To be honest, RV and Boat storage is a niche within a niche. Storage is a niche of real estate and business, and RV and Boat storage is a niche of it’s own within that…. And it’s not something I know a ton about because I don’t specialize in it. But you’re in luck.
Today I have another awesome guest on the podcast for you who DOES specialize in this exact thing, and he’s absolutely crushing it. It’s my pleasure to introduce you all to Scott Ramser.
Scott came into the storage world in the 80’s ad 90’s with a development background in industrial property. Almost by accident, Scott ended up backing an RV and Boat Storage facility. After that… the rest was history. So much so that in 2003 Scott burned the ships and scrapped all other assets and went all in on RV and Boat Storage.
Scott shares a ton of great info in today’s episode. He shares how he got started, what his investment strategies are, how he improves the value of RV and Boat storage facilities, his value add strategy, tips on the ideal RV and Boat storage layout, the ideal ratio of acres to the amount of units you can make, and more.
If you’ve even remotely thought about starting or owning an RV and Boat storage specific facility, you absolutely need to listen to this episode through and through. Scott is a wealth of knowledge and share a lot of great insights into this niche within a niche.
Thanks for listening everybody,
AJ
Keep up with Scott and the amazing work he’s doing at his website:
Ramser Development Company - https://www.ramserdevco.com/
Be sure to go to Selfstorageincome.com to get your copy of my Self Storage Playbook. This step by step playbook walks you through from start to finish - how to identify a self storage market, how to perform due diligence, how to contact a current owner, and ultimately how to land a deal and purchase a storage facility.
You can also find the Self Storage Income Podcast on:
The Self Storage Income Podcast is Sponsored by:
Janus International - https://www.janusintl.com/
Store Local - https://www.selfstorage.coop/aws/SL/pt/sp/home_page
Live Oak Bank - liveoakbank.com/incomepodcast
Transcript
Click on a timestamp to play from that location
| 0:00.0 | What's going on, everybody? Connor here with self-storage income. This episode today is fantastic. Scott shares a ton of |
| 0:06.9 | amazing information. We get a ton of questions from you guys regarding boat and RV storage. So you guys are |
| 0:11.9 | going to love this. But first, we've got to jump into our sponsors here. First off, we've got Live Oak Bank. |
| 0:17.9 | Live Oak, obviously, as you guys know, we've talked about them a lot. They know storage, |
| 0:23.0 | which is awesome for your partner as far as your financing goes. We actually were just talking |
| 0:28.5 | to Terry Campbell over there at Live Oak Bank recently, and they've got some really awesome |
| 0:33.1 | SBA loan incentives going on. And Terry said that right now, between now and September 30th, the SBA loan incentives going on. And Terry said that right now, between now and September 30th, |
| 0:40.1 | the SBA fees are actually waived. He said that there's a formula for these fees, but a rough |
| 0:46.3 | rule of thumb is around 2.75% of the loan amount for a 7A loan. And then on the 504, they're waived as well. |
| 0:53.2 | There's not as much savings with 504 as far as the fee savings4, they're waived as well. There's not as much savings with the 504 |
| 0:55.4 | as far as the fee savings, but they are waived as well as far as the fees go. Tons of really |
| 1:00.6 | amazing things going on over there at Live Oak Bank. So be sure to get in touch with them, |
| 1:05.1 | links in the show notes. Next up, obviously, as you guys know, we've got Janice International. |
| 1:11.8 | Fantastic company. |
| 1:12.8 | We've done a lot of projects with them, a lot of really amazing solutions in the forefront of the technology in the storage industry as far as access. |
| 1:21.5 | Janice obviously has their no-key, keyless access entry system that allows tenants to rent access, all of that without |
| 1:30.5 | ever talking to a manager, which is amazing. It's an amazing feature. It's an incredible feature |
| 1:35.6 | for you as well to be able to track tenant movement, to be able to identify any kind of trends as |
| 1:40.8 | far as move-ins, move-outs, any of that kind of stuff. Having that data to utilize |
| 1:44.9 | is extremely important. So check them out. Janice International links in the show notes as well. |
| 1:51.0 | Without further ado, let's jump into this episode. Super excited. We'll see you there. |
| 1:56.1 | Looking to create wealth and income through high cash flowing real estate, self-storage is the fastest |
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