There is an awesome concept to having your RV pay for itself. When you have your RV sitting in your driveway during the months you can’t travel, you are definitely leaving money on the table. Why not look into some revenue options especially if you’re about to send a child to college, upgrade your RV or buy a new car. We went ahead and took a look at the top 3 RV rental companies and laid out the basics on how they work and what they offer.
Which Companies Can I Rent My RV With?
- Outdoorsy
- RVshare
- RVezy
These companies are getting RV owners and renters together. There are many different types of RV’s and locations to pick them up in the US and Canada. Each company has the same business model, you put your RV up for rent and they provide the platform to list it and the merchant service to collect the funds. This creates a neutral environment between the renter and the owner.
How Much Can You Earn Renting Out Your RV?
At first glance each website will show a price that you could potentially earn for renting out your RV, of course you will not know for certain until you have listed yours.
- RVshare – $50,000 per year
- Outdoorsy – $22,000 per year
- Rvezy- $1,400 per week
You’ll see these numbers when you select ‘List Your RV’ or ‘Rent your RV’ on each site. It is a number that you are able to obtain if you are prioritizing your rental and taking every opportunity.
An RV rental could make you a little or a lot of money depending how much time you offer it for rent. You will be responsible for being present for the exchange. If you are planning on using your RV during peak travel periods or you are not available to meet with renters, it will significantly reduce your potential earnings.
How Do I Set Up An Account?
All 3 companies will allow you to set up an account for free with basic information like your name and email address. After that you will input your RV information and the website will generate a price that they believe your per night or weekly rate will be. You can adjust the estimated price to suit your preferences.
What You Will Need For Lising-
- RV details- Size, Length, Slideouts, Year, Make, Amenities etc…
- Photos- the more the better so make sure your RV is camera ready!
- What you offer to the guest(s)
- Can/ Will you tow to location?
- How many sleepers it will hold
What The Company Will Offer You:
- Insurance Plan
- Rental Platform
- Ability to set rental dates
How Will You Get Paid Renting Out Your RV?
All transactions go through the rental platform and then make their way to you. The company will take a percentage of the profit. You will be paid the majority of the profits.
RVshare is Direct Deposit the day after the reservation funds are received 3-5 after processing.
Outdoorsy has payment for you 24/48 hours after the RV departs.
Rvezy is a little more reserved. They will pay 50% when the RV is rented and the rest when all paperwork is filled out and the RV is returned, it will still take 3-5 days for processing and payment.
*On each platform you can choose to deliver the RV to the destination within a specified distance or have it pick up / drop off only.
Insurance Coverage For Your RV Rental
RVshare Insurance Plan
When you book with RV share the insurance is to cover both parties with securing their liability for the vehicle. As an owner the insurance is only applied by RVshare WHEN it is RENTED and while the renter has it in their possession.
- 1million in liability coverage
- 300k in comprehensive (depending on the rv value)
- 24/7 roadside assistance towing and tire service.
- Coverage is while the renter has the RV
- Your RV must be less than 15 years old
Insurance also covers:
Acts of God and basic comprehensive and collision. Fire, Lightning, Explosion, Theft, Wind Storm, Tire Blowout, Hail Storm, Earthquake, Flood, Vandalism, Snow or Ice, Contact with animals or birds. Depending on the type selected, if no selection is made, standard will automatically apply to keep both parties covered. Deductible and Comprehensive coverage are offered on a plan
Towable:
- Standard $10 per day
- Enhanced $16
- Premier $18
Driveable:
- Standard $20
- Enhanced $30
- Premier $41
Rvezy Insurance Plan
RVezy is in the U.S and Canada so, rental insurance in the states that is currently offered is through AON covered during rental and delivery.
- 1 million third-party liability
- Full collision and comprehensive fire, theft and physical damage.
- 24/7 roadside assistance
Outdoorsy Insurance Plan
Offered by a 3rd party insurance company calle Assurant covers US and International claims.
- Up to 1million liability and physical damage
- Windshield Damage Repair
- 24/7 Roadside assistance
- 24/7 Live customer service
Insurance also covers:
Backup accidents, Vandalism, Fires, Stolen RV, Power Surge, Earthquakes, Fallen Trees, Windstorm, Hailstorms, Animal impact.
*As far as insurance goes for your personal needs. You are only insured with the company RV insurance as long as it is being rented or towed. You will be responsible for your RV once that time has expired. Be sure you still have your personal insurance at all times to keep yourself covered.
Tow/ Drive/ Deliver
Rvshare, Outdoorsy and RVezy have all three rental options. Some rentals include rooftop camping on a vehicle or a VW bus. There is almost no limit to the amazing rentals you can try out. This would be a great way to become familiar with all RV types if you’re considering owning one of your own someday.
Why Rent An RV From A Company?
They are out for the same purpose, to get people travelling and allow many options to do just that.
They all have a payment system that allows them to collect money on your behalf so everything is taken care of and removes any awkward encounters with either party.
RV owners are in full control of their rentals which means that the renter gets to meet the owner and have a walkthrough about how everything works and the special touches they have put on their rental.
About RV Rental Companies
Every company has a story and I want to know what that story is telling me. I love a good introduction to people and I like to know how and why companies came about and what they say about themselves. You don’t have to go to each site and read them all or watch their videos, I can tell you a little bit about them here.
Outdoorsy
If you get the chance to read the founder story on the Outdoorsy page I highly recommend it. It is inspiring and touching. The people who started dreaming of this company in 2014 were hard working office people who needed a change and they went for it. They found people to believe in them and a vision to create a way to generate income for their future while putting their own life savings up in the beginning. Their story makes you want to be a part of what they have because of what they did to earn it all.
RVezy
The founder site has a video about themselves pitching their idea to an investment group on t.v. In 2016 They saw an opportunity to make money renting out rv’s after one of the founders rented out their own RV for profit. Needless to say, it was a hit!
RVShare
In 2012 newly wed couple had an idea to rent out their RV after it sat unused for long periods of time in between travel. They thought it would be a good idea to try and rent it out during these times. Eventually they realized that the idea could be much bigger and that there was no platform to service this niche so they created one. Making them the pioneers for this market due to the timeline.
Summary
There is no doubt that you can make money renting out your RV through these companies. You could list on all platforms if you would like to get your RV out on the road as much as possible. You can also market yourself by using FB marketplace or your local classifieds placing your link leading to your rental.
You may even wonder which company is the best when it comes to renting out your RV?. If you use all of them you can figure out which one you like best and hopefully you’ll write a review to help others make their decision.
Thank you for reading and as always, we hope to see you on the road!
Articles Of Interest
You bought your bus and now ‘he’ or ‘she’ needs a name! It is really popular to have a name for your bus. Some busses have their names either painted on the side or on vinyl in their windows, others just have a name given to them that the owner will share with you. If you watch youtube or you are on Instagram it would be good to make sure you come up with an original name for your skoolie.
The names we have listed below could be in use already so try them out and add a little something to make yours special, like your last name, smalltown, nickname, favorite food etc…
How Much Does A Skoolie Roof Raise Cost?
A roof raise done professionally will cost around $10,000 for a full-size bus, and if you do it yourself, it will cost less than ½ of that but plan on at least $1,000 for the supplies.
The metal can cost $60 – $100+ per sheet depending on the gauge, the size of the sheet, and how many are needed. You’ll also need metal square tubing for the hat channel to keep the integrity of the structure.
We will get into the build process, and how much it will cost to do so!!
So, let’s begin…
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