Generating income from unused land is an increasingly popular approach for property owners. One such approach involves leasing portions of private property to recreational vehicle (RV) owners seeking temporary or long-term parking and hookups. This typically involves designating a suitable area, ensuring proper utility connections, and establishing clear terms for the rental agreement. An example includes a homeowner with a large acreage property designating a portion for RV parking, installing electrical and water hookups, and then advertising the space for rent.
This land-use strategy can provide a significant supplementary income stream for property owners while addressing the growing demand for RV parking. It offers flexibility, allowing owners to set their own rates and terms, potentially leading to higher returns compared to other land-use options. Historically, RV parking was primarily offered by dedicated campgrounds and RV parks. The increasing popularity of RV travel, coupled with limited space in traditional venues, has created a market opportunity for private landowners.
