want to put my rv into rental agency, which one is best?

[landyachter]

I just bought a class C short RV, already have a 5th wheel and wife doesn't like the C its a great previous rental, 2017 in perfect shape. Ive decided to justify keeping this beauty I would rent it out and see how that goes.
But with so many scams out there I'm looking for the best one that is out there. I've been approached from a few questionable individuals and I want to be careful. thanks, any help is appreciated. I just joined and not sure how well this works. Please respond here or email me at chucky713@aol.com

[temccarthy1]

Beentherefixedthat wrote:

drsteve wrote:

Beentherefixedthat wrote:
The knee jerk reaction of so many here adverse to your idea should be taken with a grain of salt.

First of all lets look at the Facts:

Any reputable company who takes this camper into it's fleet will have a detailed contract outlining each parties responsibility.

There will be a sizable deposit at rental and undoubtedly the unit will be covered by an extended insurance policy of commercial use.

Get a copy of the contract to read before agreeing to any deal.

Now people with multi million dollar yachts do this all of the time. You buy a boat and put it with a charter company. You get to decide when you use it and how long in most cases. In many cases the rental income will pay for the yacht. This is a long standing practice and the people I have talked to that did this with their boats had a very positive experience. I am a sailor myself with a 42ft Ocean Going Sailboat so I have seen this in action. And the folks I have met in those rental yachts took really exceptional care of themn while in their care.

And keep in mind that sailboat is much more complicated and difficult to move and land than your class C.

Don't be put off by the nattering nabobs of negativity that inhabit this forum like fleas. (apologies to Spiro Agnew)Do your homework and make your own decision.

You're right about deposits, contracts, and insurance. A decent company is going to cover most of these bases. And yes, make sure to read everything, even the finest of the fine print, especially what is insured and any deductibles. But you forgot one fact that could throw a wrench into even the best laid plans:

Cousin Eddie is never going to rent a multimillion dollar yacht. But he might rent your RV.

You might be right...but I am not sure who "Cousin Eddie" is in the popular imagination. Perhaps one of the BoD's?

But having spent ten days this August on the Greek Island of Alonnisos I talked to quite a few charter groups as they came and went and many who are renting very expensive yachts are families, sometimes two families to a boat, groups of young friends (lots from Scandinavia)and two young men who had rented a Hanse 575 (a 57 foot Sailboat purchase price about €500,000) My feeling is that most were gainfully employed and respectful folks some certainly just middle class Europeans.

There is a risk in almost anything but this one seems low to me for what is at stake. Especially considering that some of the catamarans being rented out to families with young kids cost upwards of $1.2 Mil.

You totally missed DRSTEVE's point: His reference to "Cousin Eddie" is an example from the movie "Vacation" of the class of people who cannot afford to own but will consider renting someone ele's RV. You cannot compare renting an RV to renting a very expensive yacht! The type of person, income level and even education and responsibility of that individual who can spend 10's of thousands of $ a week is not the level of person who may rent an rv for a few hundred a day! The risk factor to the RV of abuse is FAR, FAR greater!

[Beentherefixedt]

drsteve wrote:

Beentherefixedthat wrote:
The knee jerk reaction of so many here adverse to your idea should be taken with a grain of salt.

First of all lets look at the Facts:

Any reputable company who takes this camper into it's fleet will have a detailed contract outlining each parties responsibility.

There will be a sizable deposit at rental and undoubtedly the unit will be covered by an extended insurance policy of commercial use.

Get a copy of the contract to read before agreeing to any deal.

Now people with multi million dollar yachts do this all of the time. You buy a boat and put it with a charter company. You get to decide when you use it and how long in most cases. In many cases the rental income will pay for the yacht. This is a long standing practice and the people I have talked to that did this with their boats had a very positive experience. I am a sailor myself with a 42ft Ocean Going Sailboat so I have seen this in action. And the folks I have met in those rental yachts took really exceptional care of themn while in their care.

And keep in mind that sailboat is much more complicated and difficult to move and land than your class C.

Don't be put off by the nattering nabobs of negativity that inhabit this forum like fleas. (apologies to Spiro Agnew)Do your homework and make your own decision.

You're right about deposits, contracts, and insurance. A decent company is going to cover most of these bases. And yes, make sure to read everything, even the finest of the fine print, especially what is insured and any deductibles. But you forgot one fact that could throw a wrench into even the best laid plans:

Cousin Eddie is never going to rent a multimillion dollar yacht. But he might rent your RV.

You might be right...but I am not sure who "Cousin Eddie" is in the popular imagination. Perhaps one of the BoD's?

But having spent ten days this August on the Greek Island of Alonnisos I talked to quite a few charter groups as they came and went and many who are renting very expensive yachts are families, sometimes two families to a boat, groups of young friends (lots from Scandinavia)and two young men who had rented a Hanse 575 (a 57 foot Sailboat purchase price about €500,000) My feeling is that most were gainfully employed and respectful folks some certainly just middle class Europeans.

There is a risk in almost anything but this one seems low to me for what is at stake. Especially considering that some of the catamarans being rented out to families with young kids cost upwards of $1.2 Mil.

[drsteve]

Beentherefixedthat wrote:
The knee jerk reaction of so many here adverse to your idea should be taken with a grain of salt.

First of all lets look at the Facts:

Any reputable company who takes this camper into it's fleet will have a detailed contract outlining each parties responsibility.

There will be a sizable deposit at rental and undoubtedly the unit will be covered by an extended insurance policy of commercial use.

Get a copy of the contract to read before agreeing to any deal.

Now people with multi million dollar yachts do this all of the time. You buy a boat and put it with a charter company. You get to decide when you use it and how long in most cases. In many cases the rental income will pay for the yacht. This is a long standing practice and the people I have talked to that did this with their boats had a very positive experience. I am a sailor myself with a 42ft Ocean Going Sailboat so I have seen this in action. And the folks I have met in those rental yachts took really exceptional care of themn while in their care.

And keep in mind that sailboat is much more complicated and difficult to move and land than your class C.

Don't be put off by the nattering nabobs of negativity that inhabit this forum like fleas. (apologies to Spiro Agnew)Do your homework and make your own decision.

You're right about deposits, contracts, and insurance. A decent company is going to cover most of these bases. And yes, make sure to read everything, even the finest of the fine print, especially what is insured and any deductibles. But you forgot one fact that could throw a wrench into even the best laid plans:

Cousin Eddie is never going to rent a multimillion dollar yacht. But he might rent your RV.

[Beentherefixedt]

The knee jerk reaction of so many here adverse to your idea should be taken with a grain of salt.

First of all lets look at the Facts:

Any reputable company who takes this camper into it's fleet will have a detailed contract outlining each parties responsibility.

There will be a sizable deposit at rental and undoubtedly the unit will be covered by an extended insurance policy of commercial use.

Get a copy of the contract to read before agreeing to any deal.

Now people with multi million dollar yachts do this all of the time. You buy a boat and put it with a charter company. You get to decide when you use it and how long in most cases. In many cases the rental income will pay for the yacht. This is a long standing practice and the people I have talked to that did this with their boats had a very positive experience. I am a sailor myself with a 42ft Ocean Going Sailboat so I have seen this in action. And the folks I have met in those rental yachts took really exceptional care of themn while in their care.

And keep in mind that sailboat is much more complicated and difficult to move and land than your class C.

Don't be put off by the nattering nabobs of negativity that inhabit this forum like fleas. (apologies to Spiro Agnew)Do your homework and make your own decision.

[Ralph_Cramden]

aftermath wrote:
This is pretty funny. The OP signs on and asks a simple question and people that most of whom have never rented an RV out in their life be it privately or through a rental agency / dealer start jumping on him. He never asked if we thought it was a good idea. He disappears and someone wants to know how things went. Really? If it went south for him, do you think he would come back and say so? And if it was working for him I doubt he would post that because of the expected flak he would get.

I wish him well, wherever he is.

I took the Liberty of correcting your post.

[aftermath]

This is pretty funny. The OP signs on and asks a simple question and people start jumping on him. He never asked if we thought it was a good idea. He disappears and someone wants to know how things went. Really? If it went south for him, do you think he would come back and say so? And if it was working for him I doubt he would post that because of the expected flak he would get.

I wish him well, wherever he is.

[huntdooly]

drsteve wrote:
So, OP, did you end up doing this? Inquiring minds want to know how it went.

Yes! I am curious, too!

[drsteve]

So, OP, did you end up doing this? Inquiring minds want to know how it went.

[2gypsies1]

Did the wife ok it before you bought it? What an expensive lesson! Sell it directly - no rental.

[huntdooly]

A friend of a friend bought a $100,000 Newmar Class A and has been renting it out on RV Share. She was very nervous at first, but has been making $700 per weekend. She is enjoying the biz!

So, I called RV Share to get info, as it looked like a great biz op.

Here is what they said:
Their insurance covers damages, collision, liability, theft, etc.
The deposit is $1,000-1,500 per rental.
Rental fees for newer class As - around $300 per day.
From what I gathered, it sounded like a win-win situation. They handle everything on the biz end and take 25% commission.

It looks really good!

[drsteve]

landyachter wrote:
Thanks a lot for your ideas/opinions, 99% say no! But here I am enjoying this 2017 MH and its in absolutely perfect shape after 27k miles of renting. That's pretty much why I'm thinking about it.
I have tried to contact RVshare but it seems they are busy and don't return calls. So I scheduled a phone call with them later today and I'll ask away. Grab some popcorn and stay tuned!

I assume you purchased a used Cruise America rental unit. Keep in mind that they refurbish those units before selling them--any damage or excess wear is repaired before they put them out there. You aren't seeing how they look after a bunch of renters use and abuse them.

[landyachter]

Thanks a lot for your ideas/opinions, 99% say no! But here I am enjoying this 2017 MH and its in absolutely perfect shape after 27k miles of renting. That's pretty much why I'm thinking about it.
I have tried to contact RVshare but it seems they are busy and don't return calls. So I scheduled a phone call with them later today and I'll ask away. Grab some popcorn and stay tuned!

[westernrvparkow]

Call them all and ask questions. Then go with the one that tells you the truth, that your brand new 2017 Class C will never look or be the same after a couple of rentals. Rentals take a beating. I see hundreds of them a year. Some people are careful, some people use them as pinatas, most are somewhere in between. After a couple of spills from bottles of red wine, a few car sick children and a dog or two that goes number two you won't have to worry about keeping your rig looking pristine. That train will have left the station.

[jk31668]

call a few local rv dealers and ask what they do or dont do. i am considering it only because i owe more than the book says. my local dealer takes care of the comml. insurance, renter screening, lease, deposits, etc. for my size they get 300. a day with a 3 day min. and we split that.

[ken56]

I am not so sure its a good idea either but, why not try to do something like Air B and B or VRBO? (That's Vacation Rental By Owner.) Not sure what kind of insurance you would need for that either. In any case get a BIG deposit because people will destroy something that is not theirs.