#189 - Renting out RV’s for big cash flow & low startup capital - with Garr Russell
Living Off Rentals
English - September 27, 2023 11:00 - 43 minutes - 39.8 MBInvesting Business Entrepreneurship cashflow investing landlord propertymanagement rentalproperties passiveincome realestateinvesting Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
Joining us for this episode of Living Off Rentals is Garr Russell. Prior to venturing into the rental space, he was a long-time FICO-certified credit counselor who founded his own business.
In 2015, having already owned a significant real estate portfolio, Garr began his journey in a unique, charming niche—RV rental management, Fireside RV Rental.
After buying an RV for his and his wife’s 10-year anniversary, they rented it out, eventually snowballing into the country’s largest RV rental management franchise.
Tune in and hear more about Garr’s “wheel estate” venture and his insights into the industry, as well as how you can get involved in creating cash flow through RV rentals as well.
Key Takeaways:
[00:00] Introducing Garr Russell
[04:36] Renting his first RV to growing it into Fireside RV Rental
[09:08] Scaling his RV rental business with an arbitrage strategy
[14:05] Running the numbers in Fireside RV Rental
[22:04] Renting out RVs
[26:13] How Garr finds owners to work with
[29:51] Fireside RV Rental as a franchise
[35:23] Profits from being in the RV rental space
[37:14] Garr’s advice for people who want to get into the RV rental space
[41:03] Connect with Garr
Guest Links:
Website: https://firesidervrental.com/
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals