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Author Topic: Renting out your RV  (Read 32255 times)

firehog

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Renting out your RV
« on: May 28, 2010, 06:15:32 PM »
Hello,  I recently retired and want to buy a RV to travel through the States, but would also like to rent it out when it is not used.  Does anyone know of any Insurance companies that carry a commercial type of insurance so you can be covered when someone is renting from you?  I see a lot of ads where folks rent out their RV and request proof of a binder from the renters insurance company for the specific time it is rented, but I want to have a back up insurance anyway.

I know commercial insurance is quite a bit more expensive than normal insurance but it should be less expensive if you have a binder from the renters insurance company.

I stopped in at a local Independent Insurance agent and he didn't know of any insurance company that provides commercial insurance as such described above which I find odd.

Thanks, Ray

ArdraF

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Re: Renting out your RV
« Reply #1 on: May 28, 2010, 10:07:54 PM »
Ray,

Most of us consider our motorhome to be too big an investment to trust it to some stranger who may or may not know how to use all its features or, worse, might have an accident and total it.  Also, we prefer not to trust the interior to people who may smoke (for example) or be careless with our possessions.  I don't want other people to use my sinks, refrigerator, bed, toilet, etc. etc.  One reason I have a motorhome is because I can avoid staying in motels or hotels which may or may not be clean.  How would you feel if someone rented your motorhome, slept in your bed, and their kid just happened to have picked up lice at school and they transferred it to your bed?  Yuck!  Regardless of insurance, there's no way we would rent our motorhome!

If you want to see previous threads on this subject (we've had quite a few), please use the Search button above.

ArdraF
« Last Edit: May 28, 2010, 10:09:25 PM by ArdraF »
ArdraF
:D :D

PatrioticStabilist

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Re: Renting out your RV
« Reply #2 on: May 29, 2010, 12:37:46 AM »
Boy, do I agree with that.  We are almost anal about maintaining any vehicles we own and I'm with Arda on that.  One of the reasons I wanted one is our own clean beds, bathroom, and knowing who is preparing our food, me.

I went through and thoroughly cleaned it, sprayed the mattress and upholstered items with flea spray to kill any little critters and put on a mattress pad.

No I don't want people who won't care for it as much as I do using it.  Sorry

34footer

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Re: Renting out your RV
« Reply #3 on: May 29, 2010, 08:21:54 AM »
.....and you don't know the driving ability of the person. A buddy of mine rented his out to a family member for three nights....it came back with two dents. :(
J
1988 Pace Arrow, 34 feet, Chevy 454
                       So Cal

PancakeBill

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Re: Renting out your RV
« Reply #4 on: May 29, 2010, 09:31:26 AM »
I tried renting my sailboat out back when I had it.  Figured 2 weeks rental paid most of my expenses for the season.  Did it twice.  Never again, way too much to deal with, One guy didn't really understand the diesel, had to go rescue, the other guy grounded over a rock.  Fortunately the boat came thru it OK, but just not worth it.

To answer your original question, if you are bound to do this, find a place like a dealer that rents, and do it on a consignment type agreement, they will have your insurance answers.  This is how I rented my boat out.

Bill & Jolene W & Koda

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firehog

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Re: Renting out your RV
« Reply #5 on: May 29, 2010, 04:39:09 PM »
Well, I fully understand the negatives of renting.  I have been a Landlord for over 20 years and I know the importance of screening, damage and cleaning deposits.

As far as sleeping in a bed where my renter has, I feel it is the same as sleeping in a hotel bed where hundreds of people have slept in that same bed before you.  And using the same toilets and showers...

I understand also about swimming in the same swimming pool that hundreds of others have swam (and peed in!!).

The motor home I was planning on buying was older (1993) with 50K miles on it but in excellent condition.  The price was very attractive so if it got totally trashed I wouldn't be out that much.  Sure, I have had bad tenants, but all in all, the majority were good.  I just want to find the name of the insurance company that issues commercial insurance to private RV owners for renting.

I know it is expensive.  I took out  commercial insurance on a 16' box truck to haul freight a couple of years ago and it was $400 a month.  I have an old 1973 Rolls Royce I was thinking of renting out and it is $7200 a year!  That is $20 a day.  I was just wondering if anyone here actually did rent out using commercial insurance and what the daily price would be.

I don't want to start an argument on the pros and cons of renting out and get on every body's bad side.  I have tons of questions on RVing and want everyone to love me!!  And give invaluable advice so I don't learn things the hard way.

By the way, I have been retired for 6 years and am 56 years old and itching to start RVing.  I love going on cruise ships, but after so many of those, its time to try new adventures.  Thanks, Ray

Bob Buchanan

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Re: Renting out your RV
« Reply #6 on: May 29, 2010, 05:04:04 PM »
Ray, I have rented an RV and it was a very positive experience - though it was through a rental agency vs. doing it on my own. If you Search for this topic you should see my posts about the experience.

Commercial insurance "will" be much more expensive, but essential. There was one rule that I was not aware of (and can't think of the legal term), but if someone does not return your unit, the law won't go after them because you "gave them the keys".

Look on Progressive's website. Quoting loosely from their home page, they have commercial policies on cars, trucks, big trucks, and "everything in between". Can't recall the pricing of my policy, other that it was "much" higher than my personal policy. Also, keeping the maintenance up, and preparing the unit was all taken from my income. The only thing the rental agency paid for essentially was the cost of keeping it rented. All associated costs were mine. So to make it work, it needs to be on the road, vs. sitting waiting to be rented.

Another thought is about breakdowns on the road -- and how you would handle that. the agency I worked with had the renter call to find out just where to take the unit or otherwise handle the breakdown. As a full time RVer, I have broken down on long, lonely roads several times -- and know just what to do. Your renters need to know as well, and just how the commercial policy would handle the costs. Also, the boarding or travel of the renters if the breakdown was more serious than changing a tire.

One thing that I was pleased with that I have mentioned before is that as part of the setup of my rig for rental, the agency removed my awning, hubcaps, lighter, coffee maker, and rear ladder -- plus locked the hitch receiver and posted no smoking signs.

BTW, according to the folks that handled my rental, a 24 foot Class C will have the highest probability of being rented.

Good luck, Ray. It "can" be a positive experience if handled properly.
Bob (fulltimer - Rocklin, CA residency)
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tvman44

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Re: Renting out your RV
« Reply #7 on: May 29, 2010, 05:42:45 PM »
I'd sell before renting.

jimmerz

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Re: Renting out your RV
« Reply #8 on: April 23, 2013, 10:07:40 PM »
Hi All, I am new.  This is my first post.  I was searching the net and landed here.

My wife and I are looking to get into the RV world.  We are still debating on Class C / A (used).  or a nice TT (but we need to get a truck).

Back on topic...Ray.  I was at my local RV dealer and the lady that managed the place was very nice and informative.  She mentioned her fleet program and how you can buy an RV and enter it into her fleet.  She said that the storage and upkeep is done by her staff and anytime you want it you go get it.  It is then able to be rented out when we are not using it.  She said that she personally handles all rentals and screens people very well.  Most of her customers are return customers.

She said if we didn't want to rent it out much or at all we can set the rental price very high.  We would still be able to utilize the free storage at her facility (which is nice because that is another expense no matter which route we end up going.

I would check with your local dealers and see if they have such a program, it just might work out for you?

BLAKDUKE

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Re: Renting out your RV
« Reply #9 on: April 27, 2013, 06:52:52 PM »
Ray

I doubt there is anyone here that would hold you in ill will if you went and did this.  All I would say is that there is no way in HE!! I would rent out my 38' DP.  If you you go ahead and do it, good luck to you and I will hope you never regret it.

ALK
Al Kahl
2000 CruiseMaster by Georgie Boy DP

Frizlefrak

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Re: Renting out your RV
« Reply #10 on: April 28, 2013, 04:24:41 PM »

Commercial insurance "will" be much more expensive, but essential. There was one rule that I was not aware of (and can't think of the legal term), but if someone does not return your unit, the law won't go after them because you "gave them the keys".


The term is called "Conversion". 

I won't go into a ton of detail, but I manage a large car rental operation for a living.  Given only two choices, I would sell my RV at a massive loss before I would rent it out.  I could tell you enough stories about rental car abuse to fill a 10 volume compendium.....I can only imagine what this caliber of human would do to an RV.
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2012 Palomino 30' TT

jimmerz

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Re: Renting out your RV
« Reply #11 on: April 28, 2013, 07:11:03 PM »
The term is called "Conversion". 

I won't go into a ton of detail, but I manage a large car rental operation for a living.  Given only two choices, I would sell my RV at a massive loss before I would rent it out.  I could tell you enough stories about rental car abuse to fill a 10 volume compendium.....I can only imagine what this caliber of human would do to an RV.

I hear what you are saying, but my thinking is like this:  Just about ANYONE can rent a car.  Not too many will spend the $$$ to rent an RV for a weekend or a week.  It is quite pricey.  And if you have a reputable RV dealer that handles the rentals and they do screen customers, I would hope that too would narrow the chance you get someone who is that irresponsible.  I know we plan on renting one for 4-5 days just to see how things go and if we will like it.  We have no intentions of messing anything up and plan on treating it like it was ours.  On top of that, I don't intend to lose my $750 cash deposit on top of the $1000-$1400 that I am going to drop just to rent it, let alone the cost of gas!

So, I think renting it is NOT as bad as renting cars.  IMO.  :D

unclerich

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Re: Renting out your RV
« Reply #12 on: April 28, 2013, 10:05:53 PM »
Firehog, not a good idea. I think you will find the costs are way too high for the amount you would realize in rental. Remember you are renting a twenty year old rig. And you are not renting a classic/special interest rig. A 50's vintage original Airstream might command a premium price, but you are in the same category as someone renting a 1994 car, and a Chevy, not a Rolls Royce.

As a rental vehicle, you would be wise,if you go ahead to get a huge general liability policy to help cover the law suites you are bound to have.

Frizlefrak

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Re: Renting out your RV
« Reply #13 on: April 29, 2013, 02:58:41 PM »
Maybe I'm just biased....but I think of my RV as a highly personal item.  It would be like letting a total stranger have my house.....as I live in it....for a couple of weeks.  Sleeping in my bed, using my bathrooms, my kitchen....you get the picture.  I cringe just thinking about it.  But hey....YMMV.  :)
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Jammer

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Re: Renting out your RV
« Reply #14 on: April 29, 2013, 03:12:01 PM »
Insurance?  Beats me.  For me a great deal of the attraction of the RV experience is that my trailer or camper is going to be just the way I like it any time I want to go on a trip.  I leave my clothes, toothbrush, Scotch, etc. all there between outings and leave food in the fridge and a pizza in the freezer.  Renting would undermine that for me although I suppose I would see things differently if I only went on 1 or 2 trips a year.
2004 Suburban 2500 4wd 8.1 / 2010 Airstream Classic 30' /
1997 K2500 regular cab long bed pickup / 1971 Cayo C-11

BigDfromTN

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Re: Renting out your RV
« Reply #15 on: April 30, 2013, 10:54:03 PM »
Insurance?  Beats me.  For me a great deal of the attraction of the RV experience is that my trailer or camper is going to be just the way I like it any time I want to go on a trip.  I leave my clothes, toothbrush, Scotch, etc. all there between outings and leave food in the fridge and a pizza in the freezer.  Renting would undermine that for me although I suppose I would see things differently if I only went on 1 or 2 trips a year.

This sums it up for me...

And if only 1-2 trips a year,  I would be one of those renters and skip all the issues that come with owning and caring for an RV.

On the other hand of renting.  It is my firm opinion that most folks dont realize these things require different care and use than stick and brick houses.  They are not as sturdy and you must handle them with care.  Much less idiot proof if you will.  You also may well get an operator that has never driven anything bigger than the family sedan or mini-van.  Also as mentioned about the liability insurance.  Here in TN the owner of a motorized vehicle is ultimately responsible for any damage that vehicle does.  Be it a trafffic accident, hitting a gas station awning, or backing into something along the way.  That could get scary and expensive!

For me personally,  I dont see the reward warranting the risk involved.
Best of luck with what ever you decide to do.  I also applaud you for asking and educating your self on what you may be getting into instead of just listening to the "salesman".

PancakeBill

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Re: Renting out your RV
« Reply #16 on: May 01, 2013, 08:48:51 AM »
Might be easier to borrow a motorcycle during Bike Week.
Bill & Jolene W & Koda

Old Faithful, Yellowstone Association Bookstore
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hes4all

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Re: Renting out your RV
« Reply #17 on: May 01, 2013, 11:27:30 AM »
Been there, done that and will NEVER do it again!
Terry and Janelle
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asgweb2

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Re: Renting out your RV
« Reply #18 on: April 14, 2015, 10:03:59 PM »
MBAinsurance.net provides insurance and RentMyBudgetRV.com has a great site for renting it out.
Todd Anderson
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RV Rentals since 1983

Mopar1973Man

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Re: Renting out your RV
« Reply #19 on: April 15, 2015, 08:59:49 AM »
Ray,

Most of us consider our motorhome to be too big an investment to trust it to some stranger who may or may not know how to use all its features or, worse, might have an accident and total it.  Also, we prefer not to trust the interior to people who may smoke (for example) or be careless with our possessions.  I don't want other people to use my sinks, refrigerator, bed, toilet, etc. etc.  One reason I have a motorhome is because I can avoid staying in motels or hotels which may or may not be clean.  How would you feel if someone rented your motorhome, slept in your bed, and their kid just happened to have picked up lice at school and they transferred it to your bed?  Yuck!  Regardless of insurance, there's no way we would rent our motorhome!

If you want to see previous threads on this subject (we've had quite a few), please use the Search button above.

ArdraF

Exactly the reason we got our RV was to keep from staying in motel room that seem to be getting pretty nasty at times. Not to mention I'm getting to old for the sleeping on the ground in the cold or sleeping in the bed of the truck any more. Maybe when I was a teenager but now my back does let me do things like that much anymore. As for renting out a home of any sorts be it sticks and brick or RV. I've seen in my days of working with the Fire Dept and as a mechanic how people treat there homes and vehicles. 90% of the people I know locally I would not rent my guest house nor would I rent my RV to them. Looking at how the take car of there vehicles and their home now just blows me away.   :o

So in a nut shell "Absolutely not going to rent my RV to anyone".
Mopar1973Man (AKA: Michael Nelson) located out in the state of Idaho with...
2002 Dodge Ram 2500 5.9L Cummins Turbo Diesel
2000 Jayco Eagle FBS 296
2013 BigTex 70TV Utility Trailer

GoRVnow

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Re: Renting out your RV
« Reply #20 on: August 20, 2015, 09:33:19 PM »
Yes, our RVs are like our homes and a very personal space.  But the new sharing economy is changing the way we view our possessions.  People are preferring the experience over the ownership.  This economy operates as a community market place where both guests and hosts create profiles, review and rate each other. So, reputation capital keeps everyone in check, weeds out potential misbehavior and inspires trustworthiness and friendship.  Look at the success of www.airbnb.com and www.uber.com both over 20 billion dollar companies in less than 10 years.  Something to think about...
Need an RV? Rent one! | Have an RV? Share it!
https://www.GoRVnow.com/
The Airbnb of RVs

WILDEBILL308

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Re: Renting out your RV
« Reply #21 on: August 20, 2015, 10:08:06 PM »
Hello,  I recently retired and want to buy a RV to travel through the States, but would also like to rent it out when it is not used.  Does anyone know of any Insurance companies that carry a commercial type of insurance so you can be covered when someone is renting from you?  I see a lot of ads where folks rent out their RV and request proof of a binder from the renters insurance company for the specific time it is rented, but I want to have a back up insurance anyway.

I know commercial insurance is quite a bit more expensive than normal insurance but it should be less expensive if you have a binder from the renters insurance company.

I stopped in at a local Independent Insurance agent and he didn't know of any insurance company that provides commercial insurance as such described above which I find odd.

Thanks, Ray
Ray, read this thread.
http://www.rvforum.net/SMF_forum/index.php/topic,87193.0.html
Bill
2003 Bounder 38N
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-Mark Twain-

Tom and Margi

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Re: Renting out your RV
« Reply #22 on: August 20, 2015, 10:27:04 PM »
Once again, as in a similar thread posted currently, I'll try to be nice.  I think you're being incredibly naive if you think people who have worked extremely hard their whole lives to own an RV will turn it over to a stranger who knows nothing about how to drive it, park it, or has knowledge of the sometimes intricate workings of the applicances, inverters, converters, solar systems, black and gray systems, water systems, etc.  Your comparison to Uber is absurd!  Those people drive their own cars while picking up whoever to take wherever.  I doubt many of us would choose to do that, either! 

Frizlefrak

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Re: Renting out your RV
« Reply #23 on: August 20, 2015, 10:44:27 PM »
But the new sharing economy is changing the way we view our possessions.

Seriously?  New Sharing Economy?  Sounds like a hippie commune.  And I view my possessions today the same way I always have....as MINE.
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2012 Palomino 30' TT

blw2

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Re: Renting out your RV
« Reply #24 on: August 21, 2015, 09:03:13 AM »
I can only maybe imagine someone renting an RV out if they never use it anymore, or maybe something they use once a year for a tailgating game.... something like that.
and more likely a TT, not  MH
Brad (DW + 3 kids)
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Bill N

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Re: Renting out your RV
« Reply #25 on: August 21, 2015, 09:22:23 AM »
The term is called "Conversion". 

I won't go into a ton of detail, but I manage a large car rental operation for a living.  Given only two choices, I would sell my RV at a massive loss before I would rent it out.  I could tell you enough stories about rental car abuse to fill a 10 volume compendium.....I can only imagine what this caliber of human would do to an RV.

Does this 'Conversion' rule apply to the rental car companies, i.e. if a vehicle is not returned, the law will not treat it as a theft and apprehend the perp?  Seems like the theft rate would be astronomcal if that is the rule.
Bill & Joan N in Missouri
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Furbearers:  Heidi-17(Forever), Grace-10 & Squeak-4, Winnie - 6 months

Bill N

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Re: Renting out your RV
« Reply #26 on: August 21, 2015, 09:27:22 AM »
Yes, our RVs are like our homes and a very personal space.  But the new sharing economy is changing the way we view our possessions.  People are preferring the experience over the ownership.  This economy operates as a community market place where both guests and hosts create profiles, review and rate each other. So, reputation capital keeps everyone in check, weeds out potential misbehavior and inspires trustworthiness and friendship.  Look at the success of www.airbnb.com and www.uber.com both over 20 billion dollar companies in less than 10 years.  Something to think about...

Now I know for sure that I am totally out of touch with the current generation.  I saw a story about UBER yesterday and it detailed the histories of some of the drivers -ex-cons, sex offenders, and folks I would not care to ride with.
« Last Edit: August 21, 2015, 09:30:53 AM by Bill N »
Bill & Joan N in Missouri
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2002 Winnebago Adventurer 35U
Workhorse W22, 8.1L Chevy V8
2013 Chevy Sonic Toad
Furbearers:  Heidi-17(Forever), Grace-10 & Squeak-4, Winnie - 6 months

Bill N

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Re: Renting out your RV
« Reply #27 on: August 21, 2015, 09:31:44 AM »
Seriously?  New Sharing Economy?  Sounds like a hippie commune.  And I view my possessions today the same way I always have....as MINE.
X2
Bill & Joan N in Missouri
USAF (Ret)
2002 Winnebago Adventurer 35U
Workhorse W22, 8.1L Chevy V8
2013 Chevy Sonic Toad
Furbearers:  Heidi-17(Forever), Grace-10 & Squeak-4, Winnie - 6 months

Gary RV_Wizard

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Re: Renting out your RV
« Reply #28 on: August 21, 2015, 09:31:59 AM »
I think there is a substantial "sharing economy" out there, and GoRVNow is trying to cash in on it. Some people do trade swap their houses & apartments, share rides,, etc.  I just do not care to be part of it, for all the reasons others have cited.

Most of the people responding here are frequent RVers and it probably makes little sense for any of us to rent out an RV for the occasional week or two when we aren't using it. Part of the attraction of owning an RV is so that we don't have to pack & unpack each and every time you want to take a few days off.  That's not so much a factor if you only use the RV a couple weeks each summer, so a rental service makes more sense for that type of owner.  It's just not me.
Gary
--------------
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Marsha/CA

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Re: Renting out your RV
« Reply #29 on: August 21, 2015, 09:43:17 AM »
There is no way I'd rent mine out; commercial insurance policy statement or not.  I could end up paying more for repairs than the small amount I'd get renting.  Plus the liability I'd be responsible for by being the owner of the rig in this very litigious society we are living in today.   

Marsha~
« Last Edit: August 21, 2015, 09:49:04 AM by Marsha/CA »
2017 Heartland Mallard IDM231 Travel Trailer....Small but mighty.

Frizlefrak

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Re: Renting out your RV
« Reply #30 on: August 21, 2015, 01:38:07 PM »
Does this 'Conversion' rule apply to the rental car companies, i.e. if a vehicle is not returned, the law will not treat it as a theft and apprehend the perp?  Seems like the theft rate would be astronomcal if that is the rule.

Yes.  I was a manager for one of the big boys for 18 years.

To be clear....conversion is a crime, and yes the police will seize the vehicle and arrest the perpetrator.  It doesn't carry quite the same legal gravity as out right theft, but conversion is a felony, and they can draw substantial prison time for it.

Losses occur one of two ways....theft, ie the vehicle is stolen off the lot, from a customer, or internally (by an employee).  The second way is conversion.  Neither is all that common, and it wasn't unusual to recover a vehicle two days later......or sometimes years after it went missing.  Sometimes someone rents a car for two days on a cheap weekend rate knowing they will need it for a month, but can't afford the month.  They keep it for the month and then dump it on the lot in the middle of the night, or sometimes leave it at Wal-Mart, a mall, etc and just abandon it.

What DOES happen a lot is someone rents a car and then loans it out to a friend, relative, etc.....who absconds with the vehicle.  To answer your next question, the renter is potentially on the hook for the full retail value of the vehicle, and when (if) it's recovered, they're on the hook for the entire time it was gone plus any damages and the down time to repair them.  I've seen cases where someone rented a car for a weekend, loaned it out, and they were bankrupt 3 months later. 
2014 Ram 2500 Cummins
2012 Palomino 30' TT

GoRVnow

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Re: Renting out your RV
« Reply #31 on: August 21, 2015, 08:20:58 PM »
I think there is a substantial "sharing economy" out there, and GoRVNow is trying to cash in on it. Some people do trade swap their houses & apartments, share rides,, etc.  I just do not care to be part of it, for all the reasons others have cited.

Most of the people responding here are frequent RVers and it probably makes little sense for any of us to rent out an RV for the occasional week or two when we aren't using it. Part of the attraction of owning an RV is so that we don't have to pack & unpack each and every time you want to take a few days off.  That's not so much a factor if you only use the RV a couple weeks each summer, so a rental service makes more sense for that type of owner.  It's just not me.
Thanks Gary for your views.  Maybe www.uber.com was not a good comparison but https://getmyboat.com/  is  (Boats have high ownership costs with sometimes little use).

35,000 boat owners in 143 countries have signed up to rent their boats.   Airbnb has 1.5 million properties listed in 190 plus countries with over 40 million total guest stays.  That is the new "sharing economy."
Need an RV? Rent one! | Have an RV? Share it!
https://www.GoRVnow.com/
The Airbnb of RVs

WILDEBILL308

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Re: Renting out your RV
« Reply #32 on: August 21, 2015, 09:15:39 PM »
Thanks Gary for your views.  Maybe www.uber.com was not a good comparison but https://getmyboat.com/  is  (Boats have high ownership costs with sometimes little use).

35,000 boat owners in 143 countries have signed up to rent their boats.   Airbnb has 1.5 million properties listed in 190 plus countries with over 40 million total guest stays.  That is the new "sharing economy."
Good for them. I still don't see a upside as an owner. I never was good at sharing.
Bill
2003 Bounder 38N
300 HP 5.9 Cummins
Allison 3000MH Trans.
Towing 2014 Honda CRV
Home base Fort Worth, Texas
A man who carries a cat by the tail learns something he can learn in no other way.
-Mark Twain-

WILDEBILL308

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Re: Renting out your RV
« Reply #33 on: August 21, 2015, 09:25:57 PM »
Hear is a link to a news/promotional article.
http://techcrunch.com/2015/08/20/millennialsinairstreamsatburningmanasaservice/#.fcpouh:eDCu

If they can make $85,000 a year renting a motorhome why are they not buying a fleet to have a stable supply to rent out?
Bill
« Last Edit: August 21, 2015, 09:30:19 PM by WILDEBILL308 »
2003 Bounder 38N
300 HP 5.9 Cummins
Allison 3000MH Trans.
Towing 2014 Honda CRV
Home base Fort Worth, Texas
A man who carries a cat by the tail learns something he can learn in no other way.
-Mark Twain-

GoRVnow

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Re: Renting out your RV
« Reply #34 on: August 30, 2015, 10:38:43 PM »
Clearly the $85,000 a year was an extreme exaggeration.  Realistically an owner could average $1000 a month renting their RV and maybe more in a tourist destination.  I have shared my campers with people from all over the country and have not had any bad experiences.  Although I deliver and set them up for the renters at campsites that they book.  My sharing has allowed many people to experience camping in an RV that would otherwise never have the opportunity.  Some of the people I've shared with were an 80 year old couple from Minnesota that loved to RV but could no longer handle the driving and setting up at the campground. They have been back three years in a row.  Another time their was a couple from out west heading here to be Work-campers when their rig broke down.  I was able to share mine with them so they could fulfill their commitment while their rig was fixed.  It took about 6 weeks for them to get their rig back.  Others already owned RVs, but it was easier to just show up for a short Beach vacation and have a camper hooked up and ready to go.  Also, many first timers have then went on to buy their own RVs.  I can't see a down side helping others...
Need an RV? Rent one! | Have an RV? Share it!
https://www.GoRVnow.com/
The Airbnb of RVs

legrandnormand

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Re: Renting out your RV
« Reply #35 on: August 30, 2015, 10:49:13 PM »
I have rented in late '90's some 28 footer class C from individual and the cost was $900/week !
The dealers rented the same size and same class for $1500/week !


So, I think that you are way OFF the renting price of a rv !
Normand
Trois-Rivieres, QC, Canada
2010 Gulfstream Independance, model 8367
2009 Smart Cabriolet

steve407

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Re: Renting out your RV
« Reply #36 on: August 31, 2015, 02:20:53 PM »
" Although I deliver and set them up for the renters at campsites that they book. "

I kept waiting for someone to say what "GoRVNow" said, which is they can rent it, but they can't drive it. The rental company (person) will drive it and set it up at the campground of their choice, they stay in it, then the rental company comes and does tear down and drive away. If they want to go to more than one campground, there is a set of fees each time it's moved. This would be much more analagous to an AirBnB type setup. 

I see a 'rookie' driver doing terrible things to a 40' DP when they drive a Chevy Cruze to work everyday and haven't ever driven anything like a Class A.  Just staying in it only, well then it's just a case of how messy are they and do they leave things alone (i.e., no gerfinger plinkin of every button they see.) Put a locked door over control panels, slide buttons, etc. With a damage deposit, rental fee, a setup/teardown fee, and a cleaning fee, this really wouldn't be something that a lot of people can afford.  You would likely get a better clientele. Of course the flip side is they are a person who figures they spent ALL that money, they'll get their money's worth and do some damage.  Happens every year in the spring break hotels, bike week, anyplace there's drinking and fun.

Bottom line: I think it's dicey to do it, but if you don't have materialistic attachment to the RV, then it wouldn't matter.

 
Someplace new is always just around the next curve. 
2012 Coachman Pathfinder Elite 39' DP, AirForce1, BlueOx Towbar
2012 GMC Terrain Toad
DW=She who must be obeyed
and Freckles the Dalmatian

marksmotorhome

  • Posts: 1
Re: Renting out your RV
« Reply #37 on: September 04, 2015, 03:12:03 PM »
Renting isn't for everyone, but for owners like me who can use the extra cash it's worked out really well. I haven't had any problems with renters, most of them return my coach cleaner than when it left. I've had success renting my RV on http://www.rvshare.com/list-your-rv and http://www.craigslist.org. If you want some pointers on things to avoid let me know I have a lot of experience.

WILDEBILL308

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Re: Renting out your RV
« Reply #38 on: September 04, 2015, 07:11:09 PM »
Interesting, first post, spent 10 minuets filling out minimal profile and making 1 post. 
I should trust him to be honest about renting out my motorhome for fun and profit.
Bill
2003 Bounder 38N
300 HP 5.9 Cummins
Allison 3000MH Trans.
Towing 2014 Honda CRV
Home base Fort Worth, Texas
A man who carries a cat by the tail learns something he can learn in no other way.
-Mark Twain-

camperAL

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Re: Renting out your RV
« Reply #39 on: September 08, 2015, 12:28:17 AM »
Greetings,

My thoughts too Wildebill308 on first post. There was someone here who was wanting the community here to rent out their RV's and it seems to me that they might be trying to paint a picture that might change the minds of some that are thinking about it one way or the other.

One thought over renting might be for two or more people to buy and schedual the use of an RV. You'd have to lay down fair practices. I myself would want an RV in winter time to travel south. Then again in Summer one month. If you could find people wanting the RV at certain times that would not clash, then you might have a workable system that would keep costs down. Everyone would have to pay for maintaining the RV and buying tires, repairs when necessary.

There might be some legal issue to work out. Still not as nice as owning your own and taking anytime you saw fit.
CamperAL (Indiana)
(2006 Coachmen Mirada 290 KS )

velcrostrip

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Re: Renting out your RV
« Reply #40 on: June 07, 2017, 01:42:46 PM »
MBAinsurance.net provides insurance and RentMyBudgetRV.com has a great site for renting it out.
http://LuckyRV.com is the best place to rent your RV out. Cheaper, safer and more secure.
LuckyRV.com
The Best place to list your RV for rent

sandy1970c

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Re: Renting out your RV
« Reply #41 on: July 20, 2017, 03:01:25 PM »
My experience with renting out my RV summer 2017.  I used RVshare to rent it out.  I have one RV, my personal one that I use for travel.  I was very optimistic about it, but it is very risky.  My renters were very affluent, educated and upstanding, but there are still issues.  It's not that people are trying to break things, they just are ignorant about how to use an RV properly.  I put a book with step by step instructions for EVERYTHING.  However, they don't read it, or they don't follow it.
  • Prep - Washing and cleaning the RV each time for rental is a chore, plus, you need to check that everything is working properly
  • Training - renters come over, and I spent at least an hour training them and giving them a test drive, plus showed them the books and my instruction manual, which were always in the RV.  You have to do paperwork with them at that time.
  • Pickup - it was easy for me as they could leave their car at my place
  • Return - This is the problem.  Testing all systems takes at least 3 hours, so discovering everything and writing it on their check out form is almost impossible.  People don't tell you if they broke something.
I rented out 6 times.  Three of the times there were no issues, the other three were headaches. Here's what they damaged:
Renter #2 - Did not level RV before putting out slide room - It messed it up so it wouldn't go out - motors had to be re-synched.  This renter also put a bike rack on the back and scratched the paint on the back.  He also messed up the table, and put it back so I wouldn't notice at check out.
Renter #3 - Backed into bushes and scratched back (what makes it bad is there is a rear view camera)
Renter #6 - Child flushed paper towel down macerator toilet which jammed the blades, whole thing had to be taken out to repair. they burned up a brand new $60 skillet, and they also left AC on when power wasn't present - this ruined the compressor. Repair bill for this rental was over $1400.

I think renting could be a good thing if you have an older RV that you don't really care about getting beat up.  Mine is a 2011, and I plan on using it a long time.  You may think, well, you're going to have some repairs, but kids will do things you don't expect.  What is so stressful is making sure it is ready for the next renter.  I made sure everything was fixed again each time, and the good Lord helped me with that.  I had a 7th renter signed up for next week, but I don't think the AC will get here in time.  They have had it reserved for months, and now it's probably too late for them to rent another one.

Make no mistake, renting out your RV is a JOB!  I do not plan on ever doing it again.  For the work and hours I put in, it is not worth the money.  By the way, mine rented for $250 per night.  From May 24 to end of July I ended up netting around $2500.  It could have been $4000 if the last rental took place. It was rented the full month of July.

I wanted to share this because I thought it might help someone out.  RVshare was good to work with, and they handled the money and deposits wonderfully.  My biggest tip is to wait before you complete the online checkout form for them.  You have 3 days to discover damage, take pics, and get quotes.  As to the insurance, the supplemental coverage that renters purchase only covers the vehicle, none of the inside systems.

Pugapooh

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Re: Renting out your RV
« Reply #42 on: July 21, 2017, 03:20:16 AM »
I'm curious as to what happens if it breaks down or a major component stops working while under rental.  Seems like extra headaches for you.  I know,not what you were asking.  Would you have to arrange towing or mobile repairs?  Suppose they need a hotel? 

I've spent hours here trying to learn everything I need to know.  I can't imagine most people remembering it all in one orientation.  And fixing RVs is not like fixing a rental property.  You can't get replacement parts at Home Depot.

If I had a rig I didn't care too much about I can't imagine anybody wanting to rent it.  If I had a rig I cared about,which I do, nobody else is touching it. 
2006 Dutchmen Denali 29 RL fiver
2006 Dodge 2500 Big Horn
2001 GMC Sierra 3500
1996 Dodge Ram 1500

JoelP

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Re: Renting out your RV
« Reply #43 on: July 21, 2017, 06:28:24 AM »
I think that what we owe the OP is the answer to his insurance question and perhaps the suggestion to call Progressive is all that is needed here.  It is clear that this forum community thinks it is a bad idea as the overwhelming majority of us feel, and many have shared.  To be fair to the OP consider this possibility for the OP: what if this older MH is not for driving around the country and is really a full time home for someone who is not able to afford any more.  If I had an older MH that I did not care much for, I might consider it just another rental unit, like the rental homes that I already own.  It would, in this case, be set up in some park and used to live in. I wouldn't have the same concerns for how it was maintained as if I planned to travel in it myself. We don't fully understand the motivation of the OP, so let's be careful not to read into this what we would be doing with the RV we love as our own. There could be some agent involved in cleaning and maintaining it.  The security deposit could be more substantial with a detailed contract if it were to be used for driving any distance.  It could be used to rent only to ones relatives who he trusts perfectly (not to say that I have any such relatives). I cannot speak to the economics of this, but I expect that the OP has been thinking about it.

Certainly there are people who own 1/4 shares arrangements for condos in vacation property that experience this regularly.  Having done this once in Otter Crest,OR I learned that such sharing was not for me, but there are plenty of people who have done this successfully.
Joel from San Jose

2010 Itasca Suncruiser 37F
8.1L Chevy Workhorse with Banks PowerPack
2016 CMax Energi Hybrid dinghy

Sun2Retire

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Re: Renting out your RV
« Reply #44 on: July 21, 2017, 08:05:39 AM »
I suspect the OP found his answer sometime back in 2010 when he originally asked the question.
Scott
2005 Newmar Dutch Star 3810, Spartan, Cat C7 350 "OURVEE"
Eezrv TPMS, VMSpc, 800W Solar
2002 Dodge RAM 1500 Quad Cab "RTOAD"
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JoelP

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Re: Renting out your RV
« Reply #45 on: July 21, 2017, 05:18:54 PM »
Hmm... I expect you are right.  I need to pay more attention to those dates.
Joel from San Jose

2010 Itasca Suncruiser 37F
8.1L Chevy Workhorse with Banks PowerPack
2016 CMax Energi Hybrid dinghy

 

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