The owner-operator exit blueprint

How to sell your RV park without broker fees.

You spent years pulling weeds at sunrise and fixing midnight septic clogs. When it’s time to transition, don’t let 6%–10% commissions or loose diligence gut your retirement equity.

Quiet park entrance — FSBO path without broker theater
Quiet park entrance — FSBO path without broker theater

The 4-step FSBO roadmap

Week one: T-12 + 3-year returns + rent roll + title. Saturday septic + 108V. Unnamed teaser + NDA + POF. Then NOI / cap, then escrow. 30–45 day diligence.

Step 01

Forensic financial & legal standardization

Buyers underwrite tax returns and standardized P&Ls — not bank statements. If books show a 20% expense ratio because you mow for free, they’ll recalculate at a realistic 50–55% expense floor. T-12 this week. Separate rent from electric, water, propane, and laundry. Do not net utilities. Write the mow hours so we add labor back. Do not sign a long exclusive while the books are still a story. Tell us if a broker is already on it.

  • 3-year Schedule C / corporate returns — match tax earnings to book income
  • Trailing-12 (T-12) P&L — month-by-month revenue vs verified expenses
  • Rent roll & security ledger — 30 vs 50, transient vs monthly, deposits
  • Preliminary title search — liens, easements, contractor claims before contract

Example: “$20k a month” minus a $9k unrecovered electric bill is a story. 6% of $3.5M is $210k.

Read the full Step 01 guide →
Step 02

Physical infrastructure & peak-load stress auditing

Inspection teams stress-test systems. Voltage drops or backups become six-figure renegotiations right before close. Pull 12 months of master bills, summer vs winter. Map 30 vs 50 and long-term sites. Bill kWh where legal. RUBS only as a patch. Do not DIY extra ground rods at pedestals. Saturday: 50-amp loads on; 108V minimum at the furthest site. Photos, labels, melt marks. Licensed electrician. Phase the worst branches.

  • Saturday night load test — 50-amp loads on; 108V minimum at the furthest pedestal
  • Saturday septic + Sunday 7–9 a.m. walk — dry even grass / bright stripes / soft + smell
  • Water & sub-metering — prove tenant utility recovery vs flat-rate bleed
  • Curb appeal last — paint after the books and the dirt are real
Read the full Step 02 guide →
Step 03

Confidential buyer screening & tenant shielding

Don’t publicly broadcast a sale. Staff and long-term tenants hearing rumors can trigger vacancies and kill cash flow.

  • Confidential teaser — site counts and aggregate NOI without naming the park
  • Mutual NDA — before tax returns or parcel data
  • Proof of funds — filter unqualified tire-kickers. POF with no conversation after is still a pass
Read the full Step 03 guide →
Step 04

Valuation, seller financing & escrow

Value = NOI / Cap Rate. An all-cash hit can trigger capital gains and depreciation recapture. Installment structures often protect net payout. Talk to your CPA before you pick all cash — we are not your tax advisor.

  • Income-backed pricing — audited NOI, not speculative pad expansions
  • Seller carryback — first position note, down payment, monthly interest while deferring tax hits
  • Strict 30–45 day diligence — non-refundable earnest money
  • Commercial escrow — prorated rents, utilities, deposit holdbacks
Read the full Step 04 guide →

Request a confidential Glitch Audit

No brokers. No commissions to the seller. Want a hard forensic look at valuation and infrastructure readiness? Submit to the desk.

Prefer plain email? wayyago@gmail.com — same desk. No exploratory booking links.