Last Updated on April 26, 2022 by Jessica Lauren Vine
You might be asking, “How much money can you make renting out your RV?”
You have an RV sitting in storage, or you just don’t use it that much, and you want to turn the RV into money. There is a lot to think about, though, so you might not be sure if it is worth the trouble of figuring out the process and actually renting out the RV.
Don’t feel like reading? Feel free to watch this video instead.
The info below will help you figure out whether you want to put your time and energy into renting your RV.
How much money you can make renting out your RV depends on the market in your area. However, I will give you some examples so you can get some ideas about how much money you can bring in when renting your RV. If you have a small RV, you might be able to rent it out for $95 per night. A large Class A motorhome might bring you $299 per night.
Preparing to Rent Your RV
Before you put your RV up for rent, you need to prepare it for renters. If you’ve ever stayed at an Airbnb and had a great time, it’s likely because of the little extras. Whether it was a cute snack pack or specialty soaps they left as favors for you or something similar, that was a nice touch that you enjoyed.
If you want to make your RV renters love their time in your RV and recommend you to their friends, then you need to make the experience special. That means you’ll need to spend some money doing that special thing each time. You need to factor that into your expenses on top of the normal insurance and any payment you have on your RV.
Looking at RV Rental Comps
If you sell your house, your real estate agent will look at comps to see what other houses are going for in the market. You need to do the same with your RV.
Look to see if there are RVs like yours in the area and see how they handle business. You might find that you could offer setup and delivery when the person that has an RV similar to yours does not do setup, so you could either charge the same amount and attract more people or charge a bit more than the other RV owner.
When you compare your RV pricing, it gives you more confidence that people will pay for what you have to offer in your area. Keep in mind that you should only pay attention if the RVs you look at have actually had people rent them. If they haven’t, then that might mean that the price is too high or people don’t have an interest in it.
Can You Really Make Money from Renting Out Your RV?
There are plenty of people that rent out their RV for some part time income. However, one story about a couple that ended up making thousands per month renting their RV caught my interest. They made up to $25,000 in one month, which is pretty wild, but high five to them for sure.
How Much Money Can You Make Renting Your RV? Frequently Asked Questions
Is it worth the risk to rent out my RV?
Answer: If you want to make money with your RV and you work with a valid company then you’ll be fine. Even if something bad happens, insurance will cover those unhappy happenings.
Question: Can I make RV rental a full time business?
One RV won’t likely make enough money for you to support your family. However, if you have enough RVs then you might be able to make a full time income out of it.
What do I do in the RVing off-season?
The best thing you can do is put your RV in safe, covered storage, so it still looks good and is in good shape the next season.
Now that you have a little bit more information on renting out your RV, you can figure out whether it’s worth it to you. Depending on your area, you could make thousands of dollars per month. The more you want to work and rent it out, the more money you can make.
Before you head off somewhere else, make sure to check out these other articles that can help you with RV-related issues.