Erika Bates & Inez Spring Riverfront RV Resort

In this episode of Riches and Hitches, host Robert Preston interviews Erika Bates, a new RV park owner, about her journey into the RV park industry. They discuss the unique features of her park, the creative financing strategies used to acquire it, and the plans for expansion.

Inez Spring Riverfront RV Resort Website

Inez Spring Riverfront RV Resort Facebook Page

Chapters

00:00 Introduction to the Podcast and Guest
02:59 Erika's Journey into RV Park Ownership
06:08 Finding and Negotiating the Deal
09:10 Expansion Plans and Unique Features of the Park
11:56 Revenue Streams and Financial Structure
15:00 Creative Financing Strategies
17:48 Projected Returns and Market Analysis
20:59 Mindset and Learning in the RV Park Space
26:05 Expansion and Revenue Optimization
28:03 Management Strategies and Stabilizing Assets
29:28 Living the RV Lifestyle
32:25 Understanding Demographics and Market Trends
33:00 Targeting Millennial Families
37:30 Strategic Growth and Future Plans
41:07 Challenges in Management and Capital Raising
46:30 Risk and Reward in Entrepreneurship
49:24 Staying Connected and Giving Back