Many people dream of owning an RV because it enables families to come together, and create memorable moments that will last a lifetime. However, the cost of an RV keeps most Americans from owning one. Also not knowing how often they will get to use it is another major reason people don’t buy RVs.
Now with the sharing economy starting to gain traction companies like VRBO and RVshare are helping people rent their vacation homes and their RVs when they are not using them.
You may have never considered renting your RV before, but with the huge demand out there for RV rentals you should really start to consider it.
9 out of 10 RVs are used for less than 30 days in a year, most likely if you own an RV this applies to you.
Life comes at you and unfortunately you can’t always use your RV as much as you wish you could. So why not let another family in your neighborhood use your RV to create their own memories instead of just having it sit idle.
While your RV is not in use you still have to pay for all the expenses associated with owning it, storage, insurance, maintenance, and loan payments. Your RV is a financial liability because it costs you money every month.
What if your RV could be an asset that adds money in your bank account every month instead of draining your bank account. Thanks to companies like RVshare.com this is now possible.
The good news is that it is possible to make up to $30,000 annually by renting your RV when you’re not using it.
Listing your RV for rent with a company like RVshare is the easiest way to get started. You’ll be provided with step-by-step instructions on what to you, they provide you with all the rental contracts and will help make sure you have the proper insurance to cover both you and your renters. The best part is it’s free to list your RV for rent and you only pay a small commission once they send you renters.
Now how much you earn will depend on what type of RV you have and where you are located. The average person on RVshare earns more than $10,000 a year, while the average Class A RV owner earns more than $30,000 a year. Depending on the type of RV you have you can get anywhere from $100 a day all the up to $3,000 a day for a Prevost.
When you sign up to rent your RV you’ll want to take advantage of the free coaching that RVshare provides. Also make sure you go through all the guides they provide.
The biggest concerns that most RV owners have are the following:
- What happens if someone damages my RV?
RVshare has a commercial insurance policy available to members that covers any damage done to the RV during a rental. You’ll want to make sure you take advantage of this because it’s better to be safe than sorry.
- What happens if someone breaks down on the side of the road?
All of your rentals will include 24/7 emergency roadside assistance. This is great for your peace of mind knowing that your renters will always have assistance and your RV will always be taken care of.
- What if I’m not comfortable with a renter?
You are always in complete control and you never have to rent your RV to anyone you’re not 100% comfortable with. RVshare provides screening tools so you can screen renters and only rent to people who are approved.
If you would like get get more information on renting your RV check out the RVshare website today.