12 Apr Tips for buying an RV for the purpose of renting
Broadry — According to the RV rental marketplace Outdoorsy, campers who rent out their RVs to other families can make upwards of $1,000 or more per week.
The lucrative side hustle opportunity is leading more to consider buying an RV for the purpose of renting. But before you visit your local RV dealership to spend thousands on a new motorhome or travel trailer, here are some tips to getting the most bang for the buck on that investment vehicle.
Advertiser disclosure: Broadry features the latest travel news and trends from our members. If you buy something through a link on this article, that company may receive a commission.
Research, set budget
Like any potential investment, it’s important to crunch the numbers.
Start your research by figuring out how much you want to spend on an RV — prices can start at $10,000 and can easily spike over $400,000 for new luxury motorhomes. Then, get a feel for how much you can possibly charge to rent it out per week, using a handy calculator like this one from Outdoorsy. Then make sure to estimate any additional expense you will likely incur, like proper insurance, maintenance, cleaning, and any other fees associated with renting.
While most owners don’t turn into overnight millionaires, there is a good chance to make a profit by renting out a well-kept RV that is appealing to renters. Owners could expect the following estimated earnings on a one or two week rental:
Class A: $2,093 — $4,186
Class B: $1,918 — $3,836
Class C: $1,652 — $3,304
Camper Van: $1,211 — $2,422
Truck Camper: $ 875 — $1,750
Trailer: $735 — $1,470
Owners may want to consider listing an RV that offers the most rental potential. One way to understand the “mind of a renter” is to search online to compare vehicles up for rent, just like a “real renter” would. While you are searching, get a good grasp for what RVs seem to be in hot demand and what makes them standout. What are renters raving about in their reviews? Is it the extra kitchen features? The big bathroom and storage space?
While families may start their camper rental search looking for either a drivable or towable unit, they may start narrowing their search by comparing rental costs and amenities.
Luxury amenities, like a top-notch heating and air conditioning unit or a portable WiFi unit, could entice more families to rent it out. Some other top amenities folks may see as deciding factors when renting a pricier camper include:
In addition to amenities, renters might also filter RV options based on vehicle size, ratings, and whether the unit is pet friendly or not. Flexible cancellation policies and instant booking options are also timeless ways to win over a renter, as are reading other glowing renter reviews — helpful tips to keep top-of-mind as you start the buy-to-rent process.
Where to begin
Finally, if you’re stuck on whether or not to buy an RV for the purpose of renting, sometimes the best place to start is to hear from those who have done it before and understand how to best list your RV, once you have the keys.
You can learn more about the process of renting your RV on Outdoorsy.
Broadry features the latest travel news and trends from our members. If you buy something through a link on this article, that company may receive a commission.