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Author Topic: Travel trailer owners who rent their trailers  (Read 1228 times)

soccs11

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Travel trailer owners who rent their trailers
« on: December 04, 2019, 01:05:58 PM »
Hello, I have a strange situation. My dad purchased a Forest River travel trailer in 2018. He set it up in Connecticut to enjoy the summers out of hot Florida. Dad got to use it one season and passed away. It has been sitting in storage up in Connecticut ever since. My stepmother lives in South Florida and has no way to use it. I was thinking of bringing it down to Florida and setting it up in an RV park to rent it out. Any thoughts on doing this? Thanks

Lou Schneider

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Re: Travel trailer owners who rent their trailers
« Reply #1 on: December 04, 2019, 01:10:33 PM »
Welcome to The RV Forum!

Check with the RV park to see if they allow sub-rentals of RVs in their park.  Most parks don't and I think those that do will tend to attract lower class renters.

I think you would be better off just selling the trailer, especially if you will be an absentee landlord instead of being on site to supervise the rental.
« Last Edit: December 04, 2019, 01:14:21 PM by Lou Schneider »

SeilerBird

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Re: Travel trailer owners who rent their trailers
« Reply #2 on: December 04, 2019, 01:26:18 PM »
I have lived at The Floridian in St Cloud FL for the last 7 years. They definitely allow renting out trailers here. The trailer next door has a 'For Rent' sign posted in the yard. Rent runs around $500 per month including electricity.

Roy M

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Re: Travel trailer owners who rent their trailers
« Reply #3 on: December 04, 2019, 01:32:45 PM »
I wouldn't do it. Mainteance and insurance will kill you and after a few seasons the trailer will be little more than salvage.

SpencerPJ

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Re: Travel trailer owners who rent their trailers
« Reply #4 on: December 04, 2019, 03:08:56 PM »
I agree, sell it.  2018 still decent value.  These depreciate quickly, and require constant surveillance and maintenance.  They are simple not designed or built for rental material.     
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scottydl

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Re: Travel trailer owners who rent their trailers
« Reply #5 on: December 04, 2019, 10:31:07 PM »
As mentioned... it's possible but you'd have no way to oversee the rentals, assuming that isn't a burden your stepmother wants to take on. The hassle factor could be high, as well as unit depreciation as time passes, and lack of ability for you to handle issues that could (would) come up. Best to sell the unit while it still has some relatively-new value. Check the year/make/model on www.nadaguides.com/rvs to get an idea of what it might be worth.
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Arch Hoagland

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Re: Travel trailer owners who rent their trailers
« Reply #6 on: December 04, 2019, 10:55:12 PM »
Have you ever owned a rental of any sort?
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UTTransplant

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Re: Travel trailer owners who rent their trailers
« Reply #7 on: December 05, 2019, 09:04:04 AM »
Do you live in Florida and are able to do maintenance? It sucks to be a landlord when you live hundreds of miles away. Who is going to do the inevitable repairs? A management company takes a pretty big chunk out of the rental fees, plus you need insurance. I just canít see how you can make money with a gross income of $200-300 a month after lot rental. Better to sell it. This is a good time of year to sell in Florida, while late spring/summer is a good time to sell in Connecticut.
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malexander

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Re: Travel trailer owners who rent their trailers
« Reply #8 on: December 05, 2019, 04:03:50 PM »
Set it up at The Floridian, let Seiler be your property manager. ;D
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Back2PA

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Re: Travel trailer owners who rent their trailers
« Reply #9 on: December 05, 2019, 04:31:02 PM »
Set it up at The Floridian, let Seiler be your property manager. ;D

Worst. Idea. Ever.

 ;) ;D
« Last Edit: December 05, 2019, 04:43:04 PM by Back2PA »
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Tom Hoffman

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Re: Travel trailer owners who rent their trailers
« Reply #10 on: December 07, 2019, 11:55:18 AM »
Had friends in Yuma who lived in a Park Model and had a 5th wheel 6 spaces away who rented it to a couple for a month. 

The lady just had to have a bidet and had one installed unbeknownst to the owners.  Then left before the end of the month.  Left them with the bill.
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