The Pros and Cons of Running a Seasonal vs Transient Campground in 2023 | RV Campgrounds | Requity, Dylan Marma & Luis Velez
Release Date: 05/30/2023
State of the Market Q3 '23 | Requity, Dylan Marma & Luis Velez
Requity Insights
In this month’s episode of Requity Insights, our hosts, Dylan Marma and Luis Velez, discuss the current state of the Commercial Real Estate Market, focusing on capital markets, the acquisitions landscape, and operations. In this anticipated market update for the third quarter of 2023, Dylan shares his thoughts on the current state of the real estate industry, exploring topics such as capital deployment, investment strategies, industry trends, and much more. Time Stamps: [00:00:33] Investment strategy remains the same. [00:04:00] Focusing on optimization and caution....
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How to Select a Real Estate Syndication Sponsor | Requity, Luis Velez
Requity Insights
In this week's episode of Requity Insights, we explore the topic of selecting the ideal sponsor for your commercial real estate syndication investment. For passive investors, it's vital to meticulously assess the sponsor's track record and qualifications before committing capital. Join us as we explore key considerations like their asset expertise, deal execution success, performance history, market familiarity, and investor communication. We'll uncover the significance of comprehending investment and exit strategies, including experience, assumptions, and past performance. Our journey also...
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Managing Properties for Success
Requity Insights
In this week's episode of Requity Insights, we dive into the fascinating world of property management with our special guest, Jen Ullrich, the COO of The Requity Group. With an impressive track record of 19 asset on-boardings under her belt, Jen has a wealth of knowledge to share with our viewers. From determining the type of asset to assessing the market and guest demographics, Jen takes us through the meticulous process of on-boarding a new acquisition. We explore the use of technology, fostering communication and teamwork, and the importance of customer service. Jen also...
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Decoding: Real Estate Syndication Legal Documents
Requity Insights
In this week's episode of Requity Insights, we're diving into the important legal documents involved in real estate syndications. From the Private Placement Memorandum (PPM) outlining investment opportunities, risk factors, and financial projections to the Operating Agreement (OA) highlighting the roles and responsibilities of the syndicator and the investors, we break down each document's significance. As always, it's essential to thoroughly understand these legal documents before making any commitments. Seeking expert advice from legal counsel or a trusted financial advisor is...
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Real Estate Syndication 101: A Journey to Financial Freedom through Strategic Partnerships
Requity Insights
00:00:25 What is a commercial real estate syndication 00:01:46 Legal structures and the players involved 00:03:07 What is the objective of a commercial real estate syndication 00:03:32 Common questions to ask a sponsor 00:04:33 What are the responsibilities of each party in a syndication 00:05:33 Is commercial real estate considered a security 00:07:06 What is an accredited investor 00:08:05 Common syndication return structures In this week's episode of Requity Insights, we explore the fascinating world of...
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Hiring Best Practices | Dylan Marma & Luis Velez
Requity Insights
In this week's episode of Requity Insights, we'll discuss the topic of hiring and its impact on company culture and success. We discuss the significance of cultural fit in hiring, emphasizing the importance of asking tough questions to understand a candidate's true character. We delve into the red flags to look out for in potential employees, including speaking poorly about former employers and exhibiting a victim mentality. The episode also covers the role of leadership in the hiring process and the benefit of having the right team in place. Throughout the episode, we emphasize the...
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Acquisitions Best Practices | Requity, Luis Velez & Troy Trecroce
Requity Insights
In this week's episode of Requity Insights, we dive into the world of commercial real estate acquisitions. Our guest, Troy Trecroce, Head of Acquisitions at our group, shares his experience and insights on sourcing, analyzing, conducting due diligence, and financially modeling commercial real estate deals. Troy takes us on his journey from commissioned Air Force Officer to dabbling in stocks and futures to ultimately transitioning full-time to commercial real estate investing. We learn about his educational background, military service, and how he joined the Requity Group. Troy discusses the...
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Investor Reporting: Building Strong Partnerships Through Effective Communication | Requity, Dylan Marma
Requity Insights
On this episode of Requity Insights, we dive into the world of investor reporting and its significance in building strong relationships with limited partners. We have partnered with over 150 high-net-worth individuals and through their valuable feedback, they understand the importance of quality reporting. Tune in as we discuss the structure and frequency of effective investor reporting and how it plays a crucial role in maintaining trust and transparency with investors. 00:01:16 Goal of investor Reporting 00:02:32 Reporting Cadence 00:02:57 Monthly Written...
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Streamlining RV Campground Operations with Smart Technology | Requity, Dylan Marma
Requity Insights
On this episode of Requity Insights, we discuss how technology is changing the way RV campgrounds operate. We share our 2023 tech stack and why integrating these smart solutions has improved our operations and enhanced the customer experience. We recommend simple and widely adopted technology, including Reservation Management System (RMS) like Campspot, accounting software like AppFolio, project management tools, like Monday and Notion, internal communication tools like Slack, and VoIP phone systems like Zoom and much more! We also stress the importance of a social media presence for marketing...
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Unlocking the Potential: How Value-Add Strategies Enhance the RV Campground Industry
Requity Insights
On this episode of Requity Insights, we explore the concept of value add investing in the RV campground industry. With a focus on improving Net Operating Income (NOI), we discuss the importance of increasing revenue and optimizing expenses. From upgrading amenities to enhancing infrastructure and community engagement, you will learn how to unlock the potential of underperforming properties in this niche market. This episode also touches on the challenges and risks of value add investing in this industry, making it a must-listen for anyone interested in exploring this strategy. 00:01:17...
info_outlineOn this episode of Requity Insights, we deep dove into the world of campground investing and explore the pros and cons of long-term (seasonal) vs. short-term (transient) campgrounds. We discuss the importance of location and marketing strategy for both types of campgrounds, as well as the different types of guests they attract. Additionally, we explore the various operational capabilities needed to make a short-term rental business successful and the potential for outsized returns. Finally, we examine the resistance to change that is common in seasonal campgrounds and the lower perceived risk and higher cash flow of transient campgrounds. Stay tuned for an in-depth analysis of the campground industry and the factors to consider when investing in this unique asset class.
00:03:47 Seasonal vs Transient Campgrounds: Revenue Differences Explained
00:06:15 The Pros of Seasonal Campgrounds for Owners
00:11:43 Operational Capabilities Key to Success in Short-Term Camping Business
00:20:28 70/30 Model: Maximizing Revenue and Exposure
00:28:55 Marketing Strategies for Campgrounds: Front-loaded vs Slow Burn
00:33:48 The Future of Campground Pricing: A Predicted Equilibrium
Follow us on social media!
Dylan Marma https://www.linkedin.com/in/dylanmarma/
Luis Valez https://www.linkedin.com/in/luisevelez/
The Requity Group https://www.linkedin.com/company/requitygroup
Watch this podcast on YouTube https://www.youtube.com/@requity
Interested in becoming an investor? Visit https://www.therequitygroup.com to learn more.