Peer-to-peer RV rental companies can net you big money, but there are costs.
Did you realize that your Airstream could be netting you $40,000 a year? Peer-to-peer (P2P) RV rental companies promise just that, and the competition to become the Airbnb of RVs is red-hot.
Can you really pull in that much cash? Which site/app is the best to list on? Should you buy an RV, campervan, or overland vehicle to rent out? These are all great questions, and I’ve got some pretty solid answers for you from my recent research and experience.
I wanted in, so I bought my own class B money-maker van. Read on to find out how it went and whether my marriage survived the #RentalVanLife adventures.
Don’t Let Your Camping Machine Sit Idle
In 2020, Kampgrounds of America (KOA) reported that campers and non-campers alike ranked camping as the safest type of lodging while traveling. Fifty-six percent of leisure travelers, 63% of campers, and 49% of prospective campers felt camping was safer than other forms of travel accommodations.
Not only are camping and RV travel quite safe in pandemic times, but they can also be super affordable. When you factor in skyrocketing rental car prices, a home on wheels for $200 per night is seriously compelling.
On average, RV owners in the U.S. log about 5,000 miles annually. If you have limited vacation days, your rig is likely stagnant 48-plus weeks of the year. That means it’s sitting idle most of the time when it could be on an adventure and bringing in real cash for you — if you’re into a little side hustle.
OK, maybe a lot of side hustle. I learned quickly that this isn’t easy money.
P2P Rental Basics
In a perfect world, this would be easy: Hand over your keys, wave goodbye for a few days, profit!
In the real world, there are so very many pitfalls. What if your renter had their license revoked? What if they set the kitchen on fire? What happens when their flight is delayed, and they can’t pick up the RV at the scheduled time? And when you fail to tighten the lug nuts, what happens if they decide to sue you?
Choosing a Rental Model
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Renter Screening
Insurance
Roadside Assistance
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Maximizing Income
Choosing a Rental Company
Outdoorsy
RVshare
RVezy
GoCamp
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