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 > Renting out your RV

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routeforty

ohio

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Posted: 05/05/22 06:13am Link  |  Quote  |  Print  |  Notify Moderator

When I bought our motorhome and called for insurance, the first thing the agent said to me was that if I rented it that I was not covered. If I had plans to rent it I would need to find another company.


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erniee

Weatherford, Texas 76086

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Posted: 05/05/22 06:14am Link  |  Quote  |  Print  |  Notify Moderator

Never


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valhalla360

No paticular place.

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Posted: 05/05/22 07:43am Link  |  Quote  |  Print  |  Notify Moderator

If you want to buy cheap used RVs and do most of the work yourself (keeping them operational not necessarily pretty), you can make money but it's a business and it is work.

Our personal rig...not a chance.


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RJL

Manahawkin, New Jersey

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Posted: 05/05/22 08:30am Link  |  Quote  |  Print  |  Notify Moderator

Thank you for the input all. Truth be told, I'm thinking of selling our MH and would just about break even. This rental thing has me thinking though. Maybe make a bit of money with it.


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atsrmf

Indio

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Posted: 05/05/22 08:57am Link  |  Quote  |  Print  |  Notify Moderator

RJL wrote:

Thank you for the input all. Truth be told, I'm thinking of selling our MH and would just about break even. This rental thing has me thinking though. Maybe make a bit of money with it.


Don't do it! Quit while you are even, invest in the Vanguard 500 or a good mutual fund to make a little money.

way2roll

Wilmington NC

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Posted: 05/05/22 09:29am Link  |  Quote  |  Print  |  Notify Moderator

RJL wrote:

Thank you for the input all. Truth be told, I'm thinking of selling our MH and would just about break even. This rental thing has me thinking though. Maybe make a bit of money with it.


You'll make money but at what cost? Overhead plus depreciation will eclipse any profit you would make selling it outright.

Ex, your rig is over 10 years old. If you make a few grand renting it but it depreciates (wear and tear, damage) beyond what you can now sell it for, plus the cost of doing business and repairs, why bother?

Unless you don't care about it and are ok with renting it til the wheels fall off and then sell it for pennies. But you won't make more net cash on the rental than what you would sell it for now. You'd have to rent it non stop for a year and a 10 year old RV won't survive that.

Rental companies buy stripped down RV's, rent them for a few years and sell them at wholesale prices. Built into that model is all the overhead I mentioned before. That business model doesn't really align with leveraging an older, production, consumer owned, RV.

On edit: you also have to consider whether people will want to rent your RV. It's 12 years old. No offense but there are a lot more newer RV's out there for rent so I think to make it attractive you'll have to rent for less than what your competitors are. That will invite a clientele you don't want.

* This post was edited 05/05/22 11:07am by way2roll *


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Lwiddis

Near Mammoth, California

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Posted: 05/05/22 10:49am Link  |  Quote  |  Print  |  Notify Moderator

The reason I have an RV is avoid hotels as much as possible. Not make money.


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valhalla360

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Posted: 05/05/22 12:20pm Link  |  Quote  |  Print  |  Notify Moderator

RJL wrote:

Thank you for the input all. Truth be told, I'm thinking of selling our MH and would just about break even. This rental thing has me thinking though. Maybe make a bit of money with it.


RV's are depreciating assets...if you can sell and break even you are doing far better than average. Take the money and run.

gbopp

The Keystone State

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Posted: 05/05/22 01:52pm Link  |  Quote  |  Print  |  Notify Moderator

When I see the question, on the forum, about renting your RV I think of a response from several years ago.

Q: What is the difference between an all terrain vehicle and a rental RV?

A: The rental RV can go xanywhere.

map40

Florida

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Posted: 05/20/22 08:21am Link  |  Quote  |  Print  |  Notify Moderator

The big player in the industry is Cruise America. They custom build their coaches to bear minimun. No TV, no backup camera, no steps, no transfer switch, all high strenght upholstery, cloth blinds, fuel tank access hatch, automatic tow mode activation and many more. Why? Because things break. I had a fleet and very rearly did we have somebody who mistreated the RVs, but lack of knowledge was always a problem.
I learned that an RV to rent is like a propperty to rent. It is equipped and set up for rent. Not for you to live in in. If it breaks you have no personal attachment, it is an asset.
Can you make money? Yes. Just make sure that you make enough money yo "pay off" the entire RV in 5 years. The worst mistake is to buy an RV on a 20 year loan and end in 5 years with an RV heavily used with 100k miles and still 15 years left on the loan.


Alfa SeeYa
Life rocks when your home rolls

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