As the 2021 camping season winds down, the one message coming through loud and clear from investors is that campgrounds and RV parks are hot, hot, hot!
A couple of weeks ago, for example, campground owner, real estate investor and RV park promoter Heather Blankenship hosted an online webinar for people thinking about getting into the game–and a reported 1,500 callers Zoomed in to learn about “aggressive asset accumulation.” Blankenship claims to be running a $30 million real estate portfolio, but as she told her callers, she’s willing to teach you the tricks of her trade for just $997–a $4,500 value that includes eight hours of content on a series of CD discs.
What Blankenship did not tell her Zoom participants was that the $997 “ready to learn” package is only the first of three that she offers. The “ready to buy” option, priced at $2,999, adds access to her RV Park and Campgrounds Investor Mastermind Program, as well as “group calls with Heather.” And the all-inclusive $6,000 “ready to scale” program promises a “transformative three-month journey” that includes three one-on-one coaching calls with Heather, “direct access” to Heather and “preferred deal analysis and coaching.”
No telling how many of the 1,500 Zoom participants wrote checks to Blankenship, but as she was making her sales pitch, the chat feature was busy with networking entrepreneurs exchanging contact information.
Similarly high levels of interest were evident last week at the annual convention of the National Association of RV Parks and Campgrounds, held in Raleigh, North Carolina. Nominally a four-day event, the convention usually kicks off with a much more targeted program the first day–and this year that meant a nine-hour “Prospective Owners Workshop.” “We’ll cover everything you’ll need to know to get started in the outdoor hospitality industry,” the program promised, adding, “Getting off on the right foot is easy!”
Approximately 60 eager participants attended, according to one of them, with the majority apparently more intent on building their own campgrounds rather than buying an existing one. Although ARVC conventions typically attract those who already own campgrounds, as well as a sizeable contingent of vendors, this year’s event had so many non-owners testing the waters that several “old-timers” commented on how many unfamiliar faces they were seeing.
Commented one long-time RV park owner, “I was at a table where there were nine of us, and when I said I owned a campground, everyone turned to me and said, ‘You own a campground?’ It turned out six of them were either buying or building campgrounds, and they all wanted to know about my experiences.”
All of which seems awfully frothy, but we’ll have to see how long it takes for the bubbles to burst.