Lantley wrote:
Grossing $2000.00 a month is not an unreasonable figure. A RV will rent for at least a conservative $100.00 a day. Rent it for An entire month or 30 days produces $3000.00. rent it for 3 out of 4 weeks give you $2K.
The question is $2K gross enough to turn a profit after expenses?
Of course, if you are renting it to someone for a month, they are going to expect a substantial discount over the nightly rate. Kind of like when you see a $50/n RV park (theoretically $1500/month) but the monthly rate is $600/month.
If you are doing multiple rentals per month, getting to even 50% occupancy for the month is going to be a challenge as many will only want a weekend and even longer term rentals, are difficult to arrange if rental periods overlap.
This of course is ignoring the seasonality. In most places, there is a relatively short 3-4 month busy season (which typically is when you want to use your RV anyway). During the off season you likely will have closer 0% occupancy.
While it's not impossible for a stray month to hit $2k, if you want to run an RV rental business, far better to develop a business plan, then go out and buy RVs specifically to rent out.
If you are handy, I could see someone living on a large rural property, watching the used RV ads and picking up small trailers on the cheap with cash purchases. If your average trailer is say $5k and you do all the maintenance, if you are grossing even $5k/yr on that trailer, it may be a viable business. At $100/n and 50 rental nights per year, that's $5k/yr it's grossing. Add say $1000 for insurance and advertising and $1000 for maintenance per year and they only need to last 2yrs and they are paid off with a little extra profit. You probably won't get rich doing it but it could be a hobby that turns a bit of profit.