Why would I want to buy a Storage Condo?

An RV storage condominium is a storage development in which you purchase a storage condominium while sharing the land with other owners. All of the owners have shared rights to most common areas, such as the restrooms, road ways, landscape, clubhouse, wash stall, etc. Maintenance of these areas becomes the responsibility of a Condominium Association, made up of the owners. Each owner pays a monthly fee which covers the cost of common area water, electricity, facility repairs, insurance and property taxes, snow removal, landscape maintenance, and any other common cost.

Ownership Benefits

  • Your mortgage payment is often less expensive than rental expenses.
  • Owners wishing to protect their RV investment from the harsh elements can stop throwing away rental dollars and begin investing it in a permanent asset.
  • You will have no rent increases or lease renewal hassles when you are your own landlord.
  • You can list the property as an asset on personal balance sheets.
  • You may enjoy an increase in the value of the property.
  • You may receive tax benefits such as depreciation and the deductibility of mortgage interest.
  • Amenities and other property improvements within your unit can be added to accommodate your specific needs and these will increase the value of your real estate, not your landlord’s real estate.
  • Unit owners enjoy a partnership participation in the management and maintenance decisions regarding the property.
  • Expenses for improvements can be recaptured at the time of the sale of the property, rather than lost as is the case on a lease property.

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In today's economy, more people are looking for predictable, long term investments. My RV Storage Condo offers a resellable commodity that appreciates in value and saves storage costs.