If you have had to deal with collections before, you may see repossessing RVs as a dream job. With collections, you are making phone calls to a lot of people that owe a lot of money. Most of the time, it is very difficult to make any progress or headway with these people. This is either because they don’t want to talk to you, or because they don’t have any money, or it is usually both of these reasons. When you go and repossess RV foreclosures, you can make a lot more money. Most of the time the banks will pay you $300-$400 for bringing in a repo RV. This means that even if you only can collect one repo RV every day, you’re still making a lot of money. Some people who are really good at this job, can bring in three or four every day and they make a ton of money.
It doesn’t require a college degree to become a repo man. In fact, it doesn’t even require that you graduated from high school. All you need to do is to have a lot of patience and determination. It also helps if you have good communication skills. In addition, having a large tow truck is also a great asset to have.
When you are trying to find RV foreclosures and motorhome repos, you are acting like a bounty hunter. Sometimes you have to be a pretty good detective to find out where owners are hiding their vehicles so that they will not get repossessed. Before you go and “steal” someone else’s RV in the middle of the night, make sure that you contact the local police department and let them know what you are doing. Usually they will require you to make one or two attempts during the day, but if you’re unable to successfully negotiate with them, then sometimes you can get the motorhome when they are asleep at night. This is nice because you don’t have to deal with talking to the owners at all.