Are you looking to build a business but don’t want to start from scratch? What if you could learn a proven system and receive support from someone who’s done it themselves?
Then you might be interested in an RV rental management franchise, a business that monetizes the RV boom and helps entrepreneurs build wealth with WHEEL estate!
Garr Russell is Founder and CEO of Fireside RV Rental, the Airbnb of RVs. Since its inception in 2015, Fireside has grown into a franchise with 40 locations across the country and hundreds of RVs under management.
A born entrepreneur, Garr has started, scaled and sold several companies. His genius lies in understanding systems, marketing, and forging the way for others.
On this episode of Financial Freedom with Real Estate Investing, Garr joins us to explain how renting out his own RV inspired him to build and scale Fireside.
Garr discusses how RV owners benefit from the Fireside business model and describes how franchisees learn his proven system and receive support from expert RV rental managers.
Listen in for Garr’s advice for aspiring entrepreneurs and learn how to launch, grow and manage a successful RV rental business with other people’s RVs—no prior experience required.
Key Takeaways
What Garr loves about RVing
- Community
- Variety
Fireside RV Rental’s business model
- Put other people’s unused RVs to work
- Similar to Airbnb arbitrage
How stakeholders benefit in Fireside’s model
- RV owner earns income and gets tax write-off
- Low overhead, 40% management fee for franchisee
How Garr got into the RV business
- His own RV was sitting around doing nothing
- Listed on Craigslist and got interest
Garr’s background as an entrepreneur
- Built credit counseling business in 2008
- Help rebuild after bankruptcy or foreclosure
Fireside’s business opportunity for franchisees
- Purchasing into proven system
- Nationwide branding, federally trademarked
Opportunities to scale an RV management business
- Add storage facilities, sell RVs on consignment
- Dump stations and fleet maintenance
How Garr turned his business into a franchise
- Document journey (record daily processes)
- Build out in-depth course to teach systems
Garr’s vision for the future of Fireside RV Rental
- Scale to 100 franchises by end of year
- Continue to support Christian entrepreneurs
Garr’s advice for aspiring entrepreneurs
- Make quick decisions and pivot as needed
- Buy existing business vs. start from scratch
Connect with Garr Russell
Connect with Michael Blank
Apartment Investor Network Facebook Group
Email [email protected]
Resources
Learn More About Deal Maker Live
Watch the Webinar on Nighthawk’s Latest Deal
Explore Michael’s Mentoring Program
Learn More About Deal Maker Live
Download Michael’s Finding Deals eBook
Master Michael’s Deal Maker Blueprint
Watch Michael’s Apartments 101 Masterclass
Join the Nighthawk Equity Investor Club
Schedule a Call with Michael’s Team
Review the Podcast on Apple Podcasts
Financial Freedom with Real Estate Investing by Michael Blank
Entrepreneurial Leap by Gino Wickman
My Wheel Estate Story by Garr Russell