Renting out an RV for profit?

Blutoyz wrote:

Desert Captain wrote:
Wow.... never heard the words "RV" and "profit" used in the same sentence.

Me no understand. :h

:B

Good one...glad to know I chose another financially sound hobby

Lol right? Toys cost money. How much depends on how saavy you are in buying and selling.
Even though I shouldn't....maybe.... I look at all purchases with financial roi involved. IMO, the emotional roi happens regardless of the financial side, but I'm definately happier knowing that I'm not effectively spending $1000 per trip in depreciation in the rv or $500 a ride on my snowmachine.
While profit may be a strong word, with judicious purchases one can certainly be around the break even point or at a level where the depreciation is pretty minor.
Renting out pis not something I'd consider a s business venture though. I've had enough rental homes and enough employees to know it's virtually impossible to screen to a level of know who will take care of your stuff and who will pee all over the floor and tear up the unit.

I wouldn't ever due to the fact that we let our DD & SIL live in our first fifth wheel for a few months. A wind came up and they were hurriedly trying to put the awning up. It got messed up (unusable). SIL's hand slipped, broke the glass in the door & cut his hand. He's a percussionist professor & was afraid he'd done permanent damage, but thankfully not. They were not being malicious...just trying to do what was right, but with hurrying and not being familiar with things, bad things happened. Can only imagine what could happen with people who don't care.

Hi Lady. Before you pursue renting out a RV, call an insurance company to see how much it would cost to insure a RV for personal use and then how much it would cost to insure a RV for rental purposes. I had entertained the idea of renting out my RV several years ago and found that my personal use RV insurance would cover damages, liability, etc ONLY if I or my wife were driving it. The RV would also be covered if someone else was driving ONLY if I or my wife were present in the RV when the accident occurred. It WOULD NOT be covered in any other circumstance. There went my idea of renting out my RV and not telling the insurance company to keep the lower rate.

I would never think of owning a RV without adequate insurance...both for your protection and the other party.

Not to be rude, and they say there is no stupid question....but I think the OP just disproved that.

I've owned a small apartment building before. Having seen first hand the level of destruction a lousy tenant (who seemed like a good guy) can do in a few months, there is absolutely no way I would rent out a trailer. The apartment could be (and was) gutted and redone. The trailer would be destroyed.

Having had that experience, I actually will not have rental property at all anymore. Not worth the high blood pressure, sleepless nights, heart burn, legal bills, and money lost when you have to gut and fix the property to get it back to reasonably liveable.

On our CL we have some people that rent out their Rvs

https://madison.craigslist.org/rvs/d/camper-for-rent/6317387687.html

https://madison.craigslist.org/rvs/d/rent-my-pop-up-pop-up-camper/6303804153.html

https://madison.craigslist.org/rvs/d/motor-home-for-rent-2016/6317658328.html

Expyinflight wrote:
Not to be rude, and they say there is no stupid question....but I think the OP just disproved that.

Truly an ignorant and uneducated comment. People/companies sell RV's, service RV's, Rent RV's among other RV specific business models. And do so for profit.

Of course renting RV's can be profitable if done correctly. Just because you are incapable of executing this task successfully does not mean the entire population is not.

If it were really a good return on investment, the companies that want you to let them rent your trailer to strangers would be buying their own equipment rather than brokering yours. Yes, you can see some money coming in but it might not cover all your costs, let alone compare well to other investments of the same small capital. Renting out through a broker is more in the nature of cutting your losses on a RV that you don't much use, rather than making money.

Many dealers maintain small rental fleets as a way of bringing in sales business, and even so some of them will be brokering customer units rather than investing in their own rental stock.

Not to be rude, and they say there is no stupid question....but I think the OP just disproved that.

You WERE rude and it was totally uncalled for. Some people have learned to think "outside the box".

My insurance company was VERY specific about not renting or using our RV for any "business purposes".

That, plus the sheer advantage of having our RV packed with OUR stuff and ready to go at a moment's notice, are enough to make us never let it be rented/borrowed. Ever.

The adage about people treating something with respect is proportional to the amount of money they have invested in it, is true.