Renting Out RV Storage Space At Home?

Wow, where to start. We did this for pontoon boats and found out a lot of things both plus and minus. The very first step is to contact your insurance company and zoning. Your insurance company may refuse to cover the liability or if they do, will require a substantial liability rider. Zoning may prohibit this use of your property, even in a rural area. We found that a flat rent for a total time period paid up front worked best. I would avoid a monthly rental as it is just too much work and record keeping. We offered the storage space for a 6 month period Oct-March for $300. The contract spelled out liability issues and what would happen if the boats were not picked up. We opted for a lien on the boat, not a forfeiture of ownership.. Luckily, we did not have to deal with any issues like this. The legal process to gain ownership is just too much work. A lien prevents the owner from selling without the lien being satisfied. No discounts for early removal. There will always be at least one who will attempt this. We also asked for a copy of the owners insurance coverage. It really had no bearing other than to give us a bit of encouragement that we were dealing with an owner that was conscious enough to protect his property. All in all, it was a profitable use of our property.