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For many RVers, the question “can I rent out my RV on my property” is popping up more and more. Due to growing trends in the United States and other countries, renting RVs is becoming a real rental trend.
The short answer? Yes, you can absolutely rent out your RV on your own property.
However, there are several factors to take into consideration that may affect or complicate this answer.
Ready to learn more about renting out your RV on your own property? Read on!
How Much Can I Make Renting an RV on My Property?
According to our thorough internet research, and our experience interacting with the American RV community, the average RV owner brings in anywhere from $100 per night. You can also earn upwards of $10,000 or more annually by renting out your RV on your property.
That said, the numbers are a bit different for each type/class of RV. The same goes for the type and location of the land you’re renting it out on.
Here are a few figures based on statistics gathered from Outdoorsy.com
- Class A – $175 to $275 per night and up to $30,000 annually
- Class B – $100 to $200 per night and up to $25,000 annually
- Class C – $150 to $200 per night and up to $27,000 annually
- Travel Trailer – $50 to $125 per night and up to $19,000 annually
- Fifth Wheel – $60 to $150 per night and up to $22,000 annually
Again, depending on the type of RV you have, the amount you can make renting it out varies. And, even pop-up campers are able to bring in $50 to $100 per night and well over $10,000 per year.
Do I Need a Permit to Rent an RV on My Property?
For the most part, there is no official permit or license needed to rent an RV on your property. However, laws and county codes vary from state to state and from municipality to municipality.
That is why you should be sure to do your research and make sure that you don’t need some sort of paperwork from the city or state.
If you live outside of town, you should have practically zero issues when it comes to legally rent out your RV on your land. In the city, however, things may be a bit different for the most part.
Most cities have pretty strict rental and housing ordinances (and they do a good job enforcing them). So, if your land is in the city, and you plan to rent your RV there, double-check with the local authorities for any paperwork you may need to file.
Do I Need Electric, Water, Sewer, and Propane to Rent an RV On My Property?
The answer to the above question is multi-faceted. Technically, no, you do not need to have electricity, water, sewer, and propane to rent an RV on your property. But, having these amenities will definitely go a long way in convincing potential rentees that staying in your RV will be comfortable and enjoyable.
Most would-be customers, who will rent your RV from you for a night (or week), do except electricity, water, and propane (as well as any other fuel and power sources required for staying in the RV and using all of its appliances and systems).
So, legally, you can rent out an RV without providing the above-listed amenities, but it doesn’t make much sense as it wouldn’t be nearly as lucrative as renting your RV with all these basic amenities included.
Do I Need Special Insurance to Rent an RV on My Property?
When it comes to the subject of insurance, you will absolutely need to invest in at least the most standard insurance; liability insurance. This type of insurance will cover you legally if your renters get hurt, their property is lost, stolen, or damaged, as well as preventing disgruntled renters from suing you.
Additionally, RV rental insurance is another major form of insurance that is highly suggested (and may even be legally required in your municipality). RV rental insurance provides even more substantial coverage on your RV itself. Depending on the provider and policy that you choose, RV rental insurance may include everything from basic liability, collision, and other comprehensive coverage.
Both liability insurance and RV rental insurance are highly recommended if you plan to rent your RV to perfect strangers. It’s better to be safe than sorry, especially when dealing with an expensive recreational vehicle that you paid good money for.
Can I Use Airbnb to Rent My RV on My Property?
With the growing trend of RV rentals popping up all over the world, it is no surprise that Airbnb now allows rental owners to list RVs as rental properties alongside homes, boats, apartments, and more.
Campers, RVs, and Motorhomes are all welcomed on Airbnb. Furthermore, the site also makes it easy for seasoned and new RVers alike to connect with each other. If you’re thinking to list your RV for rent, consider Airbnb as one of the mediums you do so through.
What are the Pitfalls of Renting an RV on My Property?
Renting your RV on or off of your property can be very financially rewarding. In fact, it can provide more than enough extra cash to make your RV or motorhome payments for the entire year.
But, beware, for there are also some common pitfalls that may come with renting an RV:
Removing Everything from Your RV
When you’re dealing with renters, you will need to remove all of your personal belongings from your RV before you lease it out to them for the night, weekend, or even longer. This means extra work and also means you’ll need a place to store your personal belongings until you can put them back into your RV.
Things May Get Broken
When you rent out a property, whether an apartment unit, house or RV, there is bound to be some damage eventually. Through accidents, regular wear and tear, and unfortunately immature renters who may not care to treat your RV with the care and respect they should, things will get broken from time to time.
When things get broken, they will obviously need to be repaired or replaced. This could get expensive. To avoid getting stuck with paying for unnecessary damage to your RV, make sure to take pictures of the state of your RV before the renters arrive (and show them). Make sure they know you will be inspecting it afterward and charging them for any major damages.
Keep in mind, however, that depending on your RV rental insurance, some damages may be reimbursed to you.
Extra Cleaning Is Required
It probably could go without saying that more cleaning is also required when you rent out your RV. You need to clean it extra thoroughly before renters arrive. You’ll also need to clean it up again after they’re finished with the rig as well.
Depending on how well you vet your renters, and how respectful they are, determines how much cleaning. Extra cleaning could simply involve removing trash and wiping everything down. On the other hand, with some renters, you may need to spend a few hours scrubbing and disinfecting the entire RV.
Learning Curve For the RV Rental Business
Renting out your RV is not rocket science. In the same breath, it isn’t exactly all roses and sunshine in the beginning either. For one, you will have to go through a learning curve (which is different for everyone) regarding the RV rental business in your area. This, however, should be nothing to hold you back from learning to rent your RV for profit.
Not Understanding Insurance
One of the worst pitfalls involved with renting your RV is lacking to understand insurance. For this reason, Linda and I highly suggest that you speak with a handful of insurance agents and fully explore your options before signing a policy.
Also, there is the danger of being penalized and removed from your personal insurance if you aren’t fully informed and make poor decisions about your RV rental insurance.
Whatever you do, make sure that you fully understand why you need insurance, what it covers, what it doesn’t cover, and how it affects (if at all) your current and personal insurance.
Stress About Your Being Driven By Stranger
Probably the most common drawback to renting out your RV, especially off of your own land, is the stress and anxiety that may come with watching your RV being driven away by a stranger. Even though you are making money from the transaction, sometimes it isn’t enough to calm the worry you have about how these strangers will treat your home on wheels.
Prepare yourself for this mentally, and, if at all possible, let a friend or family members take off in your RV for the night or weekend a few times before you let perfect strangers rent your baby. This can go a long way in calming you down as you watch renters drive off in your RV for the first time.
The Danger of Potential RV Theft
Speaking of the stress and anxiety that comes with allowing strangers to take your RV for the weekend (or any period of time for that matter), the potential danger of your RV being stolen is a real one. Albeit it is a slim chance, especially if you have the renter’s information. Typical renter information to take down include addresses, copies of I.D.s, personal and work references, and anything else you find necessary.
The more information you have about your renters, the less likely it is that they would even consider stealing your RV. That said, you can never be too careful, and you can never vet renters 100 percent accurately either.
All things considered, your RV could be stolen by renters, though it is highly unlikely. At any rate, you should be mentally prepared to deal with such a situation. Make sure you have all of your information, plate numbers, registration information, and a description of your RV ready for the police. Also, keep the renter’s info close at hand.
Can I Make More Money Renting My RV Off My Property?
Making money renting your RV on your own land is one thing, as you can keep on eye on your RV and renters (somewhat). However, renting your RV off your property may bring even more money according to many RVers.
For those looking to explore this option, we believe that Outdoorsy.com is one of the very best platforms to do so on. With Outdoorsy, renters are mainly looking to rent RVs for weekends, entire weeks, and even longer-term situations. Hence, there is bound to be more financial gain involved with longer periods of rental.
A Final Word About Renting Out Your RV On Your Property
There you have it, folks! Yes, you can rent your RV out on your own property to make some extra cash. You simply need to do so in a safe and responsible manner. That means making sure you are covered both by insurance and legally.
Also, keep in mind that renting out your RV is not for everyone. For those who’re extremely attached to their RV, or don’t have the trust it takes to allow strangers to ride away in their RV, renting out your RV may not be a very good move.
Do you have experience renting out your RV? Or renting someone else’s RV? Let us know how it went in the comments section below!
Have fun and good luck with renting your RV out!