Renting Out Your RV: A Smart Side Hustle
If your RV is gathering dust in a driveway or storage lot, you’re missing out on a lucrative opportunity. With over 8.9 million U.S. households owning RVs, according to the Recreational Vehicle Industry Association, many of these vehicles sit idle for months. Renting out your RV can transform it into a profitable side hustle, offsetting costs like maintenance, insurance, or loan payments while generating extra income. Here’s how to turn your RV into a money-making asset using platforms like RVshare.
Why Rent Out Your RV?
Renting your RV isn’t just about extra cash—it’s about maximizing an underused investment. Here’s why it’s a smart move:
- Lucrative Earnings: RVshare reports owners can earn $5,000–$30,000 annually, with high-end or frequent rentals netting up to $80,000. Daily rates range from $75–$175 for travel trailers, $125–$250 for Class C motorhomes, and $150–$300+ for Class A motorhomes.
- Offset Ownership Costs: Cover expenses like insurance, storage, or maintenance with rental income, making RV ownership more affordable.
- Flexible Control: You set the price, availability, and approve bookings, tailoring the hustle to your schedule.
- Booming Demand: RV travel is surging, with renters seeking unique, budget-friendly vacation options.
How to Get Started with RVshare
RVshare, often dubbed the “Airbnb for RVs,” simplifies the rental process. Here’s how it works:
- Create a Listing: Sign up for free on RVshare, list your RV, and set pricing based on local market rates. Eligible RVs include Class A/B/C motorhomes, travel trailers, fifth wheels, toy haulers, pop-up trailers, and truck campers.
- Review Bookings: Approve or reject rental requests based on renter profiles and your preferences.
- Hand Off the RV: Meet the renter, provide a walkthrough of features, and hand over the keys.
- Get Paid: RVshare deposits funds into your account one business day after the rental starts, charging a commission (as low as 15%) to cover marketing, payment processing, and support.
Insurance and Protection
Worried about damage or liability? RVshare offers robust coverage at no extra cost for RVs 15 years or newer (valued up to $300,000):
- Up to $1,000,000 in liability coverage.
- Up to $300,000 in comprehensive and collision coverage.
- 24/7 roadside assistance, including towing and tire service.
- Campsite liability coverage up to $10,000.
Older RVs receive liability coverage only. This protection, active across all 50 U.S. states and Canada, safeguards against risks like fire, theft, vandalism, or collisions, giving you peace of mind.
Maximizing Profitability
Your earnings depend on your RV’s type, location, and rental frequency. Here are tips to boost profits:
- Set Competitive Rates: Research similar RVs on RVshare. A Class C motorhome in a high-demand area might fetch $200/day, while a travel trailer in a quieter region could go for $100/day.
- Target Peak Seasons: Rent during summer, holidays, or in popular travel destinations for higher demand.
- Maintain Your RV: A clean, well-kept RV attracts renters and earns positive reviews, driving more bookings.
- Add Value: Offer extras like camping gear, delivery services, or flexible pick-up/drop-off times to stand out.
Pros and Cons
Before diving in, weigh the benefits and risks:
Pros:
- High income potential ($10,000+/year for most owners).
- Flexible schedule with full booking control.
- Offsets RV ownership costs.
- Taps into a growing travel market.
Cons:
- Potential wear and tear on your RV.
- Time required to manage bookings and renter communication.
- Risk of damage (though mitigated by insurance).
Check with your RV insurance provider to ensure rentals are permitted, as some policies restrict renting to strangers.
Is It Worth It?
Renting out your RV can be a game-changer if you’re comfortable sharing your vehicle and managing rentals. RVshare’s user-friendly platform, comprehensive insurance, and 24/7 support make it low-risk and accessible. However, if you’re protective of your RV or prefer a hands-off approach, it may not suit you. Crunch the numbers and consider how this hustle fits your lifestyle.
Final Thoughts
Renting your RV through RVshare is a proven way to turn an idle asset into a profitable side hustle. Whether you’re paying off debt, saving for a goal, or making RV ownership more affordable, this opportunity offers flexibility and significant earning potential. Verify your insurance policy, list your RV, and start earning while helping travelers create memorable adventures.
Have you thought about renting out your RV? Share your experiences or questions below!
Note: Always confirm with your RV insurance provider before renting to ensure policy compliance.
