Texas RV Park Seller Due Diligence Checklist

Financial records

• Profit and loss statements for the last two to three years
• Federal tax returns covering the same period
• Twelve months of bank statements showing deposits
• Current rent roll: site number, occupant type, rate, term, balance owed
• Current rate sheet for nightly, weekly and monthly stays
• Deposit ledger and any prepaid rent
• Delinquency history and eviction activity

Property and title

• Deed, legal description and acreage
• Survey or plat, ideally showing site layout and easements
• Property tax statements for the last two years
• Current insurance declarations and loss history
• Any liens, judgments, mineral reservations or existing loan payoff information
• Estate, trust or partnership documents if title is not held individually

Utilities and infrastructure

• Water source: municipal, water supply corporation or private well, with capacity
• Wastewater: municipal connection, septic, aerobic systems or package plant
• TCEQ or county permits tied to water and wastewater, including permitted capacity
• Electrical service size, pedestal amperage by site, and whether sites are submetered
• Twelve months of utility bills for each service the park pays
• Recent inspections, pumping records or system repairs
• Propane, trash service and internet or cable agreements

Operations

• Site count: total, occupied, usable and permitted — these are often four different numbers
• Pad type, size and rig-length capacity
• Amenities: laundry, bathhouse, pool, clubhouse, storage, cabins or park models
• Staffing arrangement and on-site residence, if any
• Reservation or management software and access to its reports
• Written agreements with monthly residents
• Ownership status of any park models, mobile homes or cabins on site

Compliance

• City or county licenses and any annual inspections
• Zoning status, including legal nonconforming use if annexed
• Floodplain designation and any elevation certificates
• Open code violations or outstanding notices
• Environmental history, including underground tanks or prior site uses

What to do if you have very little of this

Start with three things: twelve months of bank deposits, a handwritten list of occupied sites and their rates, and your last two property tax statements. That combination is enough to produce a credible preliminary range. Everything else can follow during diligence.