Make Money With Your RV
Peer to peer rentals have soared in popularity in recent years, but what exactly does it entail and can renting out your RV really provide a second income? Uber, AirBnB, P2P lending, the Internet is increasingly offering new ways for people to share their assets, a concept known as collaborative consumption. By sharing the use of your assets for a fee, you make money and someone gets the opportunity to make use of something they need for a defined period of time, it's a win-win situation.
Not everybody can afford their own RV, or some people may be financially able to but be unwilling to spend so much on something they may only use once or twice a year. Then there's the other costs to consider such as maintenance, storage, insurance, repairs, alongside the monthly repayments. Furthermore, on top of all of this financial outlay, the value of the RV itself is depreciating over time. If you could rent your RV out, instead of it costing you money, it could be making you money, not only paying for itself, but generating an extra income.
RVs are an ideal asset to rent peer to peer because of their high value and the fact that they are unused a good part of the year. By lending your RV to someone for a fee, you are generating an income from an asset that would instead be sitting idle, unused, while retaining ownership and all of the positives that come with it. It is almost like owning an RV without the hefty price tag, just by making it available to other when it is not in use.
It sounds almost too good to be true, but most people would quite understandably dismiss the idea without due consideration. RVs are expensive and prized possessions, it's hard to imagine handing over the keys to a complete stranger. However, if you sign up with one of the industry's first RV sharing sites, such as RVshare.com, you'll soon realize that this isn't about trust or hoping for the best. It is a proven, safe and secure way to make money from your RV. You choose who can rent you RV and for how long, you set the price and you can decline any rental offers you are not 100% happy with.
RVshare, as the first and largest service provider of RVs rented directly from US private owners, allows RV owners to rent their RV with confidence. All rentals are covered by RV rental insurance, which covers the renter, the vehicle and the owner, alongside a comprehensive security deposit to cover any minor damages. In addition, all rentals reserved through RVshare are covered by 24/7 breakdown roadside assistance, for guaranteed peace of mind. This includes a free towing and free tire service with connections to a nationwide network of RV technicians. It is free to advertise your RV and you only pay commission on money you receive. All types of RV are accepted and with ever increasing demand from millions of visitors, there are sure to be renters out there looking for exactly what you have to offer.
How much could I earn?
You can set your own prices depending on where you live and what type of RV you own. Average daily prices vary from up to $175 per day for a tent trailer to over $300 for a class A RV. For example, a week's rental at $250 per day would amount to $1,750 before commission. With RVshare, the majority of RV owners have their RV expenses paid for through rentals, while still enjoying use of it exactly as before and only renting it out when it would be otherwise unused.
Listing is free of charge, with 15% commission charged on rental earnings, this covers marketing, secure payment processing, free breakdown assistance and much more. All payments and deposits are securely transferred through the RVshare payment system, direct to your bank, with owners earning on average between $10,000-$20,000 per year through bookings.
Many owners who have signed up have found that RV sharing allows them to experience the freedom and flexibility of RV ownership for free, with bookings covering all their costs, while enhancing the RV community itself, sharing not only their vehicle but also their experiences and helping introduce others to a new lifestyle.
How do I get started?
The simple way to make money from renting your RV is to first of all research how and where you want to list it. Check out any reviews and contact the platform directly to see how you feel about the services they are proposing. Any reputable site will have full contact details and will treat you as an individual on a personal level.
It is important to find a platform that you can trust. Peer to peer lending is nothing without confidence and the knowledge that your possessions will be treated with the upmost of care. So be sure to ask questions and to read up on what is covered and if any renter verification checks are performed.
Once you're happy with all the details, you will need to check out how much similar RVs in your area are rented out for and then decide when you wish to make your RV available for hire. RVshare can offer advice on all aspects of your RV rental listing, off season prining, photos, how much extra to charge for any add-ons, and it allows you to review and approve the renters that you choose yourself.
Finally check the payment scheme and commission details. This should be transparent, easy to understand and rapid, RVshare handles all funds and security deposits making your cash available to you one business day after the start of the rental.
That's really all there is to it, with one-on-one rental coaching from RVshare you will soon have offers coming in, leaving you free to accept or decline them as you wish, while you plan your very own getaway.