Is Renting Out Your RV Worth It?

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Should you rent out your rv?

Are you an RV owner wondering whether renting out your vehicle is a wise decision? Have you ever wondered if your beloved RV could be more than just a vessel for your adventures? Allowing other RVers to enjoy the great outdoors in your RV can be an incredibly fulfilling experience.

When it comes to the price tag, every RV owner wishes they could squeeze a bit more value out of their purchase. Thanks to companies like Outdoorsy, RVshare (or RVezy if you’re in Canada), renting out your RV is a great way to make easy, passive income through the shared economy.

Benefits of Renting Out Your RV

  • Passive income with little work – You can make $80 – $350 per night just by renting your motorhome to fellow RVers. (That could pay for a family vacation to Disneyland. You get to go to the happiest place on earth and your renter gets to explore the country. Win-win.)
  • Subsidize the RV purchase – It’s hard to justify owning an expensive toy like an RV when you only use it a few. But after renting it out for four days a month for a year, you could earn enough to pay for half the cost of a $20,000 trailer.
  • Pay your insurance and maintenance costs – Even the occasional rental can be enough to cover your annual RV insurance and maintenance costs.
  • Meet others and facilitate memory-making – A great part of the shared economy is meeting like-minded people. You’ll get to know fellow outdoor or travel enthusiasts. Plus, you can help others create their own fun memories.
  • An alternative to long-term RV storage– The more time you rent out your recreational vehicle, the less time you If you’re considering buying a trailer or RV but don’t have the room, can find cheap RV storage down the street. Keep your space for other outdoor equipment.

How Much Can You Actually Make?

Renting out your RV on a marketplace like Outdoorsy is a quick and easy process. It’s like planting a money tree in your backyard. Some vehicle owners have reported making over $5,000 in one year by renting out their Class A motorhome just four times. This almost covered their annual RV payment.

Depending on your location and vehicle, you can rent out anything from a camper van for $70/night to a brand new, 38-foot RV that sleeps 10 people for $400/night. You can get an estimate of how much you could make with Outdoorsy’s listing calculator.

Remember that marketplaces like Outdoorsy and RVshare take a slice of your reservation fee from the first rental amount paid. For example, Outdoorsy pockets 25% off every registration. If your RV or trailer gets rented out for $200/day, you’ll walk home with $150/day. Make sure you select the RV rental company that aligns with your unique needs. 

Will Your RV Be Protected or Insured When Renting It Out?

Insurance is one of those things that you hope you’ll never have to use, but when those curveballs and emergencies arise, you’ll be glad you have it. RV insurance is no different.

When renting out your RV on a platform like Outdoorsy, RV owners can receive up to $250,000 in comprehensive and collision insurance. On RVshare, Rvers can receive up to $200,000. Both companies provide up to $1 million in liability coverage. This means that if a renter breaks an appliance, shatters a window, or scrapes the RV while parking (or your travel trailer rig simply gets struck by lightning), you’re covered when your RV is rented out.

In addition to liability insurance, these companies provide other add-ons including free DMV background checks for your RV renters, 24/7 emergency roadside assistance, renter and security deposit, and customer support teams if you have any issues.

Save up to $1,200/year on RV storage & parking

Managing the Stress of Knowing Someone Is Driving Your Home

Even when you have solid RV insurance, it’s completely natural to feel a bit nervous when you hand off your beloved RV to strangers. After all, your RV is more than just a vehicle; it holds a lot of memories.

To ease these concerns, many RV owners take steps like thoroughly screening potential renters, leaving cleaning checklists that need to be completed before the RV is returned, and keeping an open line of communication with their renters.

Is Renting Out Your RV Easy?

If you’re looking to rent out your RV for the first time, there can be a little learning curve. That is, until you find the right rental site. The best RV rental sites simplify the processes of approving renter requests and claiming payment (and will be willing to support you along your journey)

If you’re on the fence about renting out your RV, take comfort in knowing that RV owners call the shots in a renter-rentee relationship. You get to set the rental rates and choose who is allowed to rent your vehicle. Most importantly, you decide how often you rent your RV in a year.

RV owners love the freedom RV rental marketplaces provide.

As a best practice, document the condition your RV is in pre-rental. That way, both parties can agree upon the condition it should be in when it’s returned. Ideally, after your return, you can do another walkthrough together to assess if there’s any damage.

Renting Your RV Makes RV Ownership Possible

RVs can be quite expensive, and renting them out can help offset the expenses associated with full-time RVing and ownership. You can quickly recoup all costs linked with purchasing an RV during a given rental period. What’s great about this approach is that you don’t have to commit to year-round renting of your RV; you can choose to rent it out when you’re not using it or during peak seasons like summer and holidays.

Conclusion: Is Renting Out Your RV Worth it?

Is renting your RV worth it? The answer is undoubtedly a yes. Sharing your RV might seem like a hassle, but in reality, managing your rentals shouldn’t consume more than an hour or two per month.

If you don’t feel comfortable renting out your RV while it’s not in use, there are affordable RV storage options for the off-season. With Neighbor, you can safely store your RV during the winter (or whenever you’re not hitting the road for months at a time). Discover Neighbor – where your RV finds a home, not just a storage unit.

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