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rvtravelguy's avatar
rvtravelguy
Explorer
Jun 05, 2016

Would you rent your RV if you could earn $15,000/yr?

I have a friend who started renting his RV and he said he's making really good money so I'm thinking about renting out my 32 ft Damon Daybreak.

I'm a little concerned about how renters will treat my RV but I guess everything is covered by insurance incase something does happen.

My buddy said almost all of his renters treat his RV really good, but I'm still going back and forth on rather I should rent it or not.

He said I should make about $15k to $20k a year if I do rent it. This would really help us pay some bills if we're actually able to make this much.

Do you think I should proceed and rent my RV? We only used it once last year for 10 days and haven't used it at all this year.

66 Replies

  • Calculate the cost of RV depreciation, cost of commercial insurance, cost of a commercial tow service policy and I doubt there is that much profit if any. No doubt you can make money otherwise nobody would be renting cars or RVs. That said, I doubt you can make it worth while for your personal unit. Keep in mind the commercial companies buy at wholesale and have a work crew.
  • As a 25 yr insurance agent I can tell you would need an additional policy (or an amendment to current policy IF available). Those policies would probably have a high deductible and in the event of total loss would probably only cover actual cash value (read extreme depreciation) not replacement cost of the unit. I wouldn't do it myself.
  • Check with your insurance. Commercial insurance will costs thousands per year.

    Personally I wouldn't do it ever.
  • No!

    For all the reasons you've already mentioned.

    Check your insurance policy, I'll bet it won't cover renting the unit!