How to Make Some Extra Cash With Your RV

Do you have an RV just sitting in your driveway, piling up bills and taking up storage space? The sad truth is that out of the 9 million or so Americans that own RVs, the vast majority of them are unable to use their RVs as much as they’d like. We’ve all driven by the house with the beautiful RV sitting in the yard, unused, or the house that seems to use their RV as a place to store old junk. Well, I’m here to tell you that there’s actually a lot of untapped potential in that old rig. Renting out your RV can offset a few ownership costs and maybe even earn you some extra cash.Las Vegas, USA - September 6, 2013: A photo of the Valley of Fire State Park in Las Vegas Nevada. The photo shows an RV driving through the scenic state park.

Three Ways to Rent Out Your RV

Renting out your RV isn’t a new concept by any means, people have been doing it for ages. However, advances in technology have opened up easier, more lucrative possibilities that many RV owners don’t know about yet. Essentially, there are three ways that you can go about renting your RV:

  • The more traditional route is to consign your RV to a dealership and have them do all the work for you. While this might be a helpful option to families who don’t have a lot of time on their hands, it’s also the costliest one. You’ll pay for the convenience of working with a dealership – to the tune of up to 60% commission!
  • If you want to take matters into your own hands, you can list your RV yourself on Craigslist or in your local newspaper, or simply place a “for rent” sign in the windshield. There are problems with this method, too. Though you don’t pay any commission, you’ll need to do all the marketing and negotiating yourself. Plus, you’ll be turning over your RV to a stranger, without any way of knowing how trustworthy they are.
  • Finally, the newest way to rent out your RV is through a peer-to-peer website like RVshare. P2P RV rentals sites are online platforms where owners can list their RVs and connect with potential renters. You’ll still have full control over your RV, yet with all the benefits of working with a large, well-known company.

Why P2P Rentals are the Bee’s Knees

For many families, P2P websites are the best option for RV rentals. P2P sites offer a nice balance between consigning with a company and listing on your own. Their business model offers an array of benefits to RV owners:

  • P2P companies are online marketplaces, meaning their inventories are nationwide. You don’t have to rely on a local dealership to do your marketing for you – P2P sites already have well-established web presences. Renters can connect with RV owners anywhere the country.
  • You don’t have to move your RV onto a dealer’s lot or into storage to list it; you can keep it parked right where it is. Since you manage the listing yourself, you can still use your RV anytime you want. That’s a big benefit to families who still want to vacation in their RVs occasionally.
  • As I mentioned before, dealerships take a hefty chunk of change for their commission. On top of that, a lot of dealerships offer to store your RV for “free,” but then charge you a storage fee if your RV doesn’t rent that month. P2P sites charge about 15% to 20% commission, and only when the RV rents.
  • RVshare, in particular, offers RV owners the tools to be small business owners. You’ll have control of the RV listing, sure, but you’ll also have the support of a large company. For example, they offer up to $1 million in liability and collision coverage, a secure payment system, and background screening tools so you can vet potential renters. Furthermore, they incentivize using their site by offering renters 5% cashback on rentals.
  • One of the biggest benefits of P2P sites is that you can list almost any type of RV. Dealerships, on the other hand, tend to be strict about which RVs they’ll take on. So, if you have an old trailer, a vintage conversion bus, or some other RV that a dealership won’t take – list it on a P2P site!

Tips for Building Your Business and Getting More Customers

Okay, so now we know that listing with a P2P site puts more control in your hands and offers a bigger profit than the alternatives. That being said, it’s still a competitive world out there, and you’ll want your small business to stand out in a big way. Here are a few tips for increasing your marketability:

  • When you list your RV, use high-quality photos and accurate descriptions. Include pertinent information, like security deposit amounts and rules for using your RV at the top of the page. The more clear you are on rules, the more respectful renters will be.
  • Promote your listing on social media and through Craig’s List. Simply include the link to the online ad. Offer occasional deals, like long-term discounts, seasonal specials, and unlimited mileage.
  • Be helpful, friendly, and responsive. Renters can leave feedback on your listing, so make sure they’ll be leaving good reviews!
  • P2P sites offer insurance coverage while your RV is rented. You’ll still need to retain your own insurance policy. As an extra service, you can let renters jump on your auto policy for a daily fee. This is a convenience to renters, as they’re required to get RV rental insurance, which they usually have to purchase through a third-party site otherwise.
  • Always use the background screening tools that P2P sites provide. You can never be too careful! Plus, it’ll help you feel more comfortable handing over the keys.

Ready to Make Some Money? List Today!

If you’re tired of seeing your RV sitting in the driveway, lonely and unused, why not share it with potential renters? There are thousands of people who want to go RVing, but don’t have the funds to buy an RV. Renting out your RV not only helps you make some extra money; it also gives other families the opportunity to enjoy the RV lifestyle – an opportunity which they might not ever have elsewhere. Have you rented out your RV before using a P2P site? Tell us how it went in the comments section!

Skye About Skye

Real Mom Review's founder and main author, Skye Moyer is a 27 year old, stay at home mother of four beautiful children who is currently traveling all over the U.S. in her RV! She has been married to her best friend for almost 10 years and is happiest when surrounded by family & friends!

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