Even people who love their RVs sometimes take a break. Many people don’t use their RVs 24/7, which means there are times when the vehicle simply sits around. If you are wondering, “How do I rent out my RV?” then we may be able to offer some advice.
Let’s get started!
So, You Want to Rent Out Your RV
Once you start seriously considering renting out your RV, you’ll have a few things to consider. Work through the pros and cons before making any firm decisions. Before you jump to, “Let’s rent out my RV!” be sure you know what that entails.
Pros of Renting Out Your RV
Renting out your RV can be a great way to not only pay for your RV but also make a bit of extra cash. Let’s look at what makes renting out your RV worth it.
Make Extra Money
Many people think, “Well, of course, I want to rent out my RV to make money.” Even renting out your RV for one week per month could cover your expenses. If you happen to make more than that, it’s just icing on the cake.
Your RV Isn’t Just Sitting Around in Storage
It can feel like such a waste to have your RV sitting in a storage lot or your driveway. If you can’t use it at the moment, you may as well get it off the lot by letting someone else drive it.
Sharing the RV Lifestyle
You likely purchased an RV because the RV lifestyle is something that brings you joy. You see value in getting out and exploring while still having a comfortable space to come back to at the end of the day.
Many families looking to get into the RV lifestyle want to try it before they dive into a big purchase. Renting out your RV might give them the push they need and spark a new lifelong journey for another family.
Cons of Renting Out Your RV
Few things in life are pure upside. There are some cons to renting out your RV. Even if you feel the pros outweigh the cons, you should still know what difficulties you might run into and prepare accordingly.
Wear and Tear
Few will treat your RV the way you would. When you rent out your RV, you’ll probably see more wear and tear than if you were the only one driving it. However, you can factor this into the price of the rental. Additionally, you may want to consider asking your renters for a refundable deposit in the event of damages.
Renting your RV means more frequent tire changes and general maintenance as well. Be sure to budget for these costs and factor them into your rental fees.
Higher Insurance Costs
Don’t forget to contact your insurance carrier as you begin to think about renting out your RV. Be prepared for your insurance costs to go up as a result. Your carrier will likely see this as increased liability.
Can’t Use Your RV While It’s Being Rented
It will inevitably happen. You’ll have beautiful weather, a rough week at work, and an open campground you can’t use because you rented out your RV. Renting out your RV makes it challenging to go camping on a whim. You may have to sacrifice some of your travel freedom in exchange for renting.
Risk of Damage
Aside from the additional wear and tear, you’re also risking other kinds of damage to your RV. Some renters may have never driven an RV and might not realize how much clearance they need for turns and trees.
Furthermore, those new to RVs may not understand how the plumbing works, resulting in water damage. This is where your increased RV insurance premiums could save the day.
Is Renting Out Your RV Worth It?
Renting out your RV can be a profitable and worthwhile endeavor for some. It could help pay for your travels and ordinary operating costs.
However, some struggle to find reliable renters. You may get bookings but find yourself dealing with damage and delays to your personal trips. For some, it simply isn’t worth the hassle. Some people would rather their RV sit empty, knowing it will remain the way they left it.
Are You Ready To Rent Your RV?
Renting your RV can be a great way to get your RV turning a profit for you when you aren’t using it. Have you found yourself thinking, “I could rent out my RV!” these last few months? Well, now you know the pros and cons of renting out your RV. So what are you going to do?