Do you rent out your coach?

[DesertDwellers]

whelp...we signed on the dotted line and will take delivery of our very first class A motor home sometime next week. As I was sharing our good news with a co-worker, she said "Would you ever consider renting it out? If so, put us first on the list". Frankly, the thought of renting it out never crossed my mind, but the prospect of someone else helping "pay" for it is attractive!

My co-worker is also a good friend, who I trust would treat our property as if it were hers. So question to the group-do you have any experiences, good or bad, in renting your vehicle?

::: back to planning where to take our first trip::::)

[RinconVTR]

I rented a Class A from someone in the central part of my state years ago. It was a win-win for us both. Each of us was insured. Responsible. Risk all over, but it all worked out for us both.

[pawatt]

NO!!!

[MRUSA]

Old-Biscuit wrote:
Friends don't ask :B

Well, I have a very good friend who did ask. The answer was NO!

[et2]

Alfred622 wrote:
Now... time for a voice of reason to all those that would never rent out a motorhome.... (grinning)...

I'll be happy to rent mine out. My rate is a fixed Two Hundred Thousand dollars a day with a 5 day minimum paid in advance. I'll even throw in free gas & oil and not charge extra for the mileage. Heck, you don't even need to return it after the 5 days!

How is that for a rental agreement?

I'm assuming that's cash up front of course. :B

[Alfred622]

Now... time for a voice of reason to all those that would never rent out a motorhome.... (grinning)...

I'll be happy to rent mine out. My rate is a fixed Two Hundred Thousand dollars a day with a 5 day minimum paid in advance. I'll even throw in free gas & oil and not charge extra for the mileage. Heck, you don't even need to return it after the 5 days!

How is that for a rental agreement?

[mike_brez]

bfast54 wrote:
No,No, oh yea......NO,,,,,!!!!!!!!

Just for grins,lets say you "Loan", ....your New looking Coach,etc...to a "Good Friend", and it comes back with a Big Spot on carpet...right in middle of floor.....NOTHING WILL GET IT OUT..., you have a constant reminder,and it sours your friendship..

IS IT WORTH THAT????????

Especially if it glows under a black light :E

[bfast54]

No,No, oh yea......NO,,,,,!!!!!!!!

Just for grins,lets say you "Loan", ....your New looking Coach,etc...to a "Good Friend", and it comes back with a Big Spot on carpet...right in middle of floor.....NOTHING WILL GET IT OUT..., you have a constant reminder,and it sours your friendship..

IS IT WORTH THAT????????

[Flasho]

Oh hell no!

[sowego]

NO...too many things can and do happen out on the road or even parked! Consider what would happen should the rig be damaged or break down while someone else is out on the road in it! If there were a wreck and the renters were injured or killed would the owner of the coach be liable? I'm guessing you'd need to have a different insurance policy to cover the unit being rented out...my 1st call would indeed be to my insurance carrier. The next would be a lawyer to write up a contract.

[okgc]

An older brother once said "I will loan a friend anything except my wife or my motorhome"

[Effy]

As an owner of an RV rental business perhaps I can shed some light. First and foremost you need to separate yourself from liability. We run an LLC and purchase coaches under that. Never comingle personal assets and liabilities with your business ones. Second you need commercial RV rental insurance. Pretty much the only game in town is MBA and as others have stated, it's not cheap. It's rated on value of the coach, so a $100k coach will cost you about $600-800 a month in insurance. Usually this alone is enough of a hindrance to people from renting their own motor home. But you cannot operate without it. Your personal insurance will not cover damage from a rental nor will it cover a liability if the driver kills someone. You don't want that risk. Then there are mandatory forms, paperwork, walkthroughs etc. And no matter what your rosy colored glasses tell you, it will get messed up. Might be a tear here, a piece of molding there or ripping off the entire awning, things will assuredly happen. MH rentals is a business and should not be taken lightly with respect to your own coach. We have our own personal coach. I would NEVER rent it out. The others are rentals and I do my best not to be attached to them. They are nice, don't get me wrong, but I would cringe at renting my own MH.

[jsmart]

I don't even let my kids use it. They and the grandkids do come with us, but I'm always driving.

[Bumpyroad]

PenMan wrote:
You'll get mostly no's to this question but I would consider loaning my rig to the right friend. Most bikers won't loan their bike (motorcycle) to anyone but I have and have never regretted it. The friends that I would consider loaning to are able to replace it with cash if needed. I would never rent it like a business unless I had the correct insurance and licenses.

I wouldn't loan my 8 hp yamaha outboard to a good friend so my RV????
I tell folks that they can afford the rental fee but they might have a problem coming up with the security deposit. 🙂
bumpy

[Gonzo42]

I would advise against it, no matter how much you like the prospective renters. I rented my home out once to "the very best friend" of my cousin who needed to consolidate housing for his family.

Many thou$and$ of dollar$ later, I had to sell my home at a lo$$, plus took the hit of $tolen item$ and huge vandali$m.

My cousin then said, "OH, well, he wasn't that good of a friend".

Your call. Proceed with caution.

[BlindGuynAR]

There are only three people on earth I would ever consider loaning/renting it too. Me, myself and I!