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 > Any experience renting out your motorhome?

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Big Katuna

Deland, FL

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Posted: 02/09/19 04:50pm Link  |  Quote  |  Print  |  Notify Moderator

I would never rent out my personal RV to strangers. A big advantage of RVing is having a bed, bathroom and living area that hasn’t been “soiled” by a bunch of strangers like a motel room.

Renting out can be profitable I’m sure. If I were younger, to have a some RVs to place strategically around central Florida could be lucrative. Easily get $1000 a week.


My Kharma ran over my Dogma.

Tyler0215

Iowa

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Posted: 02/09/19 06:16pm Link  |  Quote  |  Print  |  Notify Moderator

Rented my TT once, to a friend . Never again.

micpib1

Trinity County, Northern California

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Posted: 02/09/19 06:20pm Link  |  Quote  |  Print  |  Notify Moderator

While we were traveling off-road in Death Valley, in our Jeep Wrangler 4X4, I was feeling quite accomplished with my little Jeep after finishing a fairly rough and steep road. As we got to the end of this dirt/rock road, I caught up with a guy in a Rental Class C that had just accomplished the same road. I decided then, no one else would be using my hard earned Motorhome. JH

gbopp

The Keystone State

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Posted: 02/09/19 06:47pm Link  |  Quote  |  Print  |  Notify Moderator

micpib1 wrote:

While we were traveling off-road in Death Valley, in our Jeep Wrangler 4X4, I was feeling quite accomplished with my little Jeep after finishing a fairly rough and steep road. As we got to the end of this dirt/rock road, I caught up with a guy in a Rental Class C that had just accomplished the same road. I decided then, no one else would be using my hard earned Motorhome. JH

Reminds me of a question someone posted on the forum several years ago.
Q: What is the difference between an All Terrain Vehicle and a rental RV?
A: The rental RV can go anywhere.

And there is the possibility of Bed Bugs. [emoticon]

punomatic

Pacific Northwest

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Posted: 02/09/19 07:37pm Link  |  Quote  |  Print  |  Notify Moderator

Here's another thing to consider. I had a friend who rented out his sailboat. He was audited by the IRS every year he did. If you want to rent it out, I don't think you can do it safely without making it a business venture so you can get proper insurance, etc. If you do that the IRS will hound you. YMMV


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chasloew

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Posted: 02/09/19 07:51pm Link  |  Quote  |  Print  |  Notify Moderator

Thanks punomatic! It seems that the agencies provide some insurance, but I'd check on that and possibly set up an LLC, depending on my attorney's advice. I've filed both business income and rental property taxes for years. It's no fun but it boils down to: keep records and don't cheat.

toedtoes

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Posted: 02/09/19 09:14pm Link  |  Quote  |  Print  |  Notify Moderator

I know someone who has a small RV rental business. He makes enough money to keep doing it. However, he has about eight different rigs of various sizes. He only keeps them up to 5 years because they are trashed by then. I saw one that was on it's last six months in the rental fleet. It looked older and more worn at 5 years than my clipper does at 43 years.

I wouldn't do it. My logic is that I don't want to have a trip planned for July, rent it out in May and then have to spend the next several weeks repairing damage done by the renter just so I can go on my trip.


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Big Katuna

Deland, FL

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Posted: 02/09/19 09:22pm Link  |  Quote  |  Print  |  Notify Moderator

punomatic wrote:

Here's another thing to consider. I had a friend who rented out his sailboat. He was audited by the IRS every year he did. If you want to rent it out, I don't think you can do it safely without making it a business venture so you can get proper insurance, etc. If you do that the IRS will hound you. YMMV


That must have been a long time ago. The current administration has gutted the IRS.

They are a shadow of their former selves.

bikendan

Camano Island, Wash.

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Posted: 02/10/19 03:22am Link  |  Quote  |  Print  |  Notify Moderator

chasloew wrote:


I have rented out apartments for years, so I know there's both good and bad renters. I'd start with a used one for sure. The rental brokers indicate that they provide insurance but I'll check for sure. Thanks! -- Charlie


nearly all people know how an apartment works. the same can't be said for operating a RV.


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valhalla360

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Posted: 02/10/19 04:28am Link  |  Quote  |  Print  |  Notify Moderator

I know a few places that have rentals...but what they do is keep an eye on the used market, buy cheap and just do enough to keep them functional. They also dump them (often on the renters who want to get their own).

This works because they keep costs way down. To buy a new or even nice used and it becomes a losing proposition.


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