Anyone rent out their camper?
To me the idea seems crazy, but there is a lady that my wife works with that rents out her camper through one of those rental places. Apparently, she told my wife that with their 24ft bumper pull cam...
Forum Discussion
fj12ryder wrote:
People spends tens of thousands, or hundreds of thousands of dollars on buying a condo, and then rent it out when they aren't using it. Nobody seems to think this is weird, in fact thousands of people take advantage of all these condos for rent: skiers, and beach front areas immediately spring to mind.
So maybe some of these people have found that way to "buy something expensive for personal use" and "make money on that item when they are not using it..".
Full disclosure: as I have said before, we don't even loan out our toyhauler to relatives.
"Condos" "appreciate" in value even when "damaged", you WILL have insurance on that condo that will cover damage caused by the renters.
RVs on the other hand "depreciate" in value the second you put your "john Hancock" on the paperwork and goes down from there. Your standard off the shelf RV insurance however WILL NOT cover your RV if RENTED and any losses due to damage, misuse or stolen while being rented will be YOUR problem.. So, if you still owe on a loan, you will still be required to pay on that loan plus be on the hook to pay for repairs or replacement..
In other words, if you are planning to rent out your own personal RV you WILL need to get insurance that covers it as part of a business venture.
Trailers can also be a problem, you would have to make sure the renter has proper vehicle setup with proper brake control with proper hitch settings.. one would have to ask the question "is this hassle worth a few pennies on the Dollars I get from this work?" Not to mention renting a trailer to a totally green horn that has never towed in their life.. That one should scare the skin off of you with the potential for making a bad mistake while towing that could kill or harm the renter or other motorists..
Yeas, I am "passionate" with my stuff but hey, if you don't care about your own personal stuff or the consequences just to earn a couple of pennies on the dollar, go ahead, your gonna try it anyways..
