Renting out your RV can be a lucrative business or extra income generator. On the flip side it could be a fast way to lose a lot of money. In this article we’ll talk about ways to avoid losing your money when renting out your RV.
RV rental has a single enormous risk and that is the risk that your RV is involved in some sort of accident and is lost or destroyed. Unless you are properly insured and even if you are properly insured you could potentially lose some serious money. To avoid this loss we recommend the following considerations.
- Make sure you have commercial coverage that will pay if your RV or camping trailer is damaged or destroyed by a renter.
- Spend considerable time making sure that all operational systems on the RV are in tip-top form. This includes your gas lines for the stove and furnace your electrical systems your Plumbing Systems and your slide-out mechanisms.
- Make sure the RV is sealed from all elements and take steps to dummy proof it. This includes things like toppers for the vents on the roof to prevent hail damage or water damage should a renter forget to close the vents during a thunderstorm.
- Recognize that you do have a lot of competition for renting a RV and have a plan to generate leads and connect with customers in a way that creates long-term value for you and your business.
RVPlusYou.com is here to help you make money renting out your RV and avoiding a number of the potential causes for you to lose money in this business. The easiest way to lose money starting a RV rental business is to lose the RV to damage or to not rent the RV enough to make real money. We have full insurance coverage during the rental plus a steady stream of potential renters lining up to use your RV.