You Inherited an RV Park in Texas. Now What?

First: confirm who has authority

Nothing else can proceed until it is clear who can legally act. Depending on how the property was held, that may mean probate, an affidavit of heirship, a trustee's authority under a trust, or the terms of a partnership or LLC agreement. Texas offers several pathways, and which one applies changes the timeline substantially. This is the single most common source of delay in inherited-park sales, and the earliest thing to hand to an attorney.

Second: keep the property safe and insured

• Confirm the insurance policy is active and that the named insured is still valid after death
• Make sure property taxes and any loan payments are current
• Confirm someone is collecting rent and that residents know where to pay
• Keep utilities on — a shut-off at a park with residents creates immediate liability
• Secure vacant buildings, the office and any stored equipment

Third: find out what the park actually is

Many inherited parks were run informally for decades. Look for: a list of occupied sites and what each pays, the bank account rent is deposited into, utility bills, the last tax statement, and any permits for water or wastewater. Long-time residents are frequently the best source of information about how the park has been run.

Understand the tax position before you decide

Inherited property in the United States generally receives a stepped-up cost basis at the date of death, which can significantly reduce capital gains tax if the property is sold soon afterward. Whether and how that applies to your situation depends on facts we cannot assess. Ask a qualified tax professional before making a decision — this single question is often worth more than any negotiating point in the sale.

Then choose among three real options

• Operate it. Viable if an heir is local, willing and capable. RV parks are hands-on businesses, not passive income.
• Hire management. Third-party management exists but is thin in rural Texas, and margins on smaller parks often cannot absorb the fee.
• Sell it. Usually the practical choice when heirs live elsewhere, disagree, or have no interest in operating.

What makes inherited-park sales go smoothly

Clear authority to sign, agreement among heirs before negotiations begin, an honest accounting of what income exists, and a buyer who can work with imperfect records. We buy estate-owned parks regularly and are comfortable moving at the pace probate requires.