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November 8, 2022
Every industry has its myths. The boat and RV storage industry is no different! Is boat and RV storage expensive? Is the industry already in a downturn, or will it continue to thrive?
In this Gabfocus Spotlight, CareFree Covered RV Storage's Barry Raber and Toy Nation's Terry Anderson give us their insights on some common boat and RV storage myths.
Question: "What are common myths in boat & RV storage?"
Check out the video clip below to hear their answers:
In this Gabfocus Session: RV, Boat, & Vehicle Storage, Tommy and Melissa are joined by three expert panelists to talk all things RV, boat, and vehicle storage from demand to amenities. Terry Anderson of Tenant Property Protection, Barry Raber of CareFree Covered RV Storage, and Greg Ellsworth of the Self-Storage Consulting Group each have strong experience in the vehicle storage industry and come to the virtual table with strong statistics and personal anecdotes.
Check out the full Session to dive deeper!
The percentage of vehicles that are trailers and towables is super high. So you think RV, it's called RV, right? Which to me is a vehicle with an engine. From August sales numbers from the industry, 82% of vehicle sales were towables.
The other thing is that we talked a lot about, you know, sort of Class-A RV storage, but, you know, there's a demand for RV storage of all types. And I think if you can add it to some part of your property that's underutilized some place on a setback or something like that, then it can create more revenue and leverage your infrastructure all day long."
With Toy Storage Nation, there is a great interest that is gaining even more momentum. I don't know if you've seen the gentleman that sold his company for $16 billion in Dallas. He couldn't find a location for his RV. He turned around, bought an RV location. Now he's formed what's called Rec Nation.
Gary, I can't remember his last name, but he's huge, and he's coming to Dallas. We've got some professional football players that are jumping in the game. A lot of people think that the myth is, is that the economy is going to slow down.
I'm telling you, we're on a run, I think, for the next 10 to 15 years in this new asset class."