Are you looking for a way to make extra income, maybe by providing an RV rental? According to the Recreational Vehicle Industry Association, over 8.9 million households own an RV, and this number only continues to increase.
Many RVs sit unused in storage lots, driveways, and backyards, so why not try to make a little money while you’re not using your RV?
And, who doesn’t want to earn a little extra money?
As you know, I talk a lot about how to make extra money here on Making Sense of Cents because I believe that earning extra income can completely change your life. By learning about different ways to make extra money, you can stop living paycheck to paycheck, you can pay off your debt, and more.
Due to the fact that I learned how to make extra money, I was able to pay off $38,000 in student loans within 7 months, I was able to leave my day job in order to pursue my passion, travel full-time, and more!
Whether you just want to make more money, you have goals that you want to reach (maybe you finally want to go on your dream vacation), you have big expenses coming up, or something else, finding ways to make extra money can really help you financially.
So, if you already have an RV and you know when you won’t be using it, it’s possible that you can make extra money by doing an RV share program.
You may be able to earn some extra money by renting it out, and it may help cover some of your RV ownership costs, such as maintenance, storage, etc.
RVshare is helping travelers save money by cutting out the middleman through renting RVs directly from owners.
Think of it as Airbnb for RVs (RV Airbnb!). My sister actually has experience doing an RV share by renting two travel trailers, and she loved it! It seems like a great side hustle to do if you already have an RV. If you’re interested in enjoying an RV rental for yourself, you can check out possible RV rentals for you and your family here.
But, if you already have an RV, you may be able to rent out your RV for extra money!
While we love RVing full-time, I know that many people just use their RVs for short, fun vacations. Or, maybe you are a full-time RVer but you know that there’s a weekend or month coming up where you won’t be using your RV.
By listing your RV rental online with RVshare, you can earn between $5,000 and $30,000 a year in extra income. RVshare also securely handles all payments and releases funds to your bank account one business day after the start of each rental. So, instead of letting your RV sit idle in your driveway or storage unit, why not make some extra money with it?
RVing is becoming more and more popular, and the RV share business is definitely booming!
What kind of insurance do I need to rent out my RV?
Okay, so this is probably the first question that you may be thinking about when it comes to renting your RV.
If you are thinking that renting your RV sounds a little risky, be assured that RVshare makes renting your RV easier, as you and your renters are provided with liability, collision, and comprehensive insurance coverage with your RV rental.
Insurance coverage through RVshare extends through all 50 states and even Canada for the RV renter, the RV owner, and the RV.
As the RV owner, the insurance plan is activated on your RV at no cost to you. This is provided to you as the RV owner for free by you simply listing and getting a booking through RVshare. You get coverage during the rental period for up to $1,000,000 in liability insurance coverage, up to $300,000 in comprehensive and collision coverage (based on the value of the RV), free 24/7 roadside assistance, free towing, free tire service, and campsite liability coverage of up to $10,000.
One thing to note is that the RVshare Protection Plan only covers RVs that are 15 years old or newer, with a stated value of $300,000 or less. If your RV is older than 15 years, then you will only receive liability coverage for your RV during booking (so, you will not have comprehensive or collision coverage for your RV through RVshare).
Some things that may be covered under the RVshare Protection Plan may include: fire, lightning, windstorm, earthquake, hail, theft, flood, vandalism, contact with an animal, glass breakage, and more.
Is it profitable to rent out your RV?
Yes, it can definitely be profitable to rent out your RV.
You can see some examples below.
How much does the average RV owner make by renting their RV?
The average RV owner earns more than $10,000 per year in extra income by renting out their RV online to strangers. Some RV owners are earning more than $30,000 a year, and I even read an article where someone said they were earning over $80,000 per year by providing an RV share service.
The exact amount you can earn with your RV rental varies because of many factors, such as the type of RV and where it is located.
With RVshare, you have complete control over your pricing when you create your RV listing.
To determine what you price your RV rental at, it is recommended that you look at comparable RVs in your area and price your RV similarly. It is as simple as seeing what others are pricing theirs for and trying to find a number that makes sense for you.
Here are some general pricings from RVshare:
- Travel Trailers $75 to $175 per day
- Class C Motorhomes $125 to $250 per day
- Class A Motorhomes $150 to $300+ per day
That’s a lot more than I thought RV rentals would make!
What kind of RVs can you rent on RVshare?
No matter what type of RV you have, you can probably rent it out on RVshare. Different types include:
- Class A Motorhome
- Class C Motorhome
- Class B Motorhome
- Travel Trailer
- Fifth Wheel
- Toy Hauler
- PopUp Trailer
- Truck Camper
As you can see, it’s not limited to just one or two types of rentals.
RVshare also offers these great benefits:
- Every rental booked through RVshare is provided with 24/7 roadside assistance, including towing at no additional cost.
- Every rental is provided with liability, collision, and comprehensive insurance coverage.
Now, what happens if someone damages your RV while they are renting it? According to RVshare:
“Even though RVshare renters are characteristically very respectful and treat the RV just like it was their own, damage can still occur. Once your RV is approved for RVshare rental insurance, you’re covered by two protective mechanisms of the RVshare platform.”
Related content: How To Rent An RV: The Best Tips For Your First RV Rental
How much does it cost to rent out your RV online?
RVshare only makes money when you make money through RV bookings. There is no fee to list your RV share on their website.
RVshare only makes money after a booking has been successfully made through their website. This is a small commission that comes from each booking to help cover the cost of marketing your listing, providing free 24/7 roadside assistance, renter and owner support, their secure payment processing, and all the other benefits that RVshare provides.
The RV rental commission rate is as low as 15% on RVshare.
What are the pitfalls of renting out your RV?
There are many positives and negatives of renting out your RV.
Renting your RV pros and cons may include:
- The amount of money you can make
- The possibility of wear and tear on your RV
- Dealing with customers who want to rent your RV
And more. These are all things to think about (and more) when it comes to learning how to make money with your motorhome or other type of RV.
Can you make money with RVshare?
As you learned above, yes!
Many people on RVshare are able to make money by renting their RV on the website.
Are RV rentals worth it? Is the RV rental business lucrative?
This is a personal question, as some may love renting out their RV and making money doing so, whereas others may not.
I recommend doing your own research and thinking about the pros and cons as they pertain to your life and deciding for yourself.
So, what’s the next step to making money with an RV share?
Making RV rental income on a website like RVshare is an easy process.
- Click here to head to RVshare and sign up. You can set your price and your availability.
- Book rentals with customers on the website. You can accept or reject any rentals that are booked for your RV – it’s all up to you.
- The person renting your RV comes to you, and when they are done, they return it to you.
- After someone has booked and used your RV share, you receive your payment.
Note: Before doing an RV share, I do recommend contacting your RV insurance company and making sure that they allow you to rent your RV to strangers. You just want to make sure before you proceed.
Are you interested in an RV rental for yourself?
“How do I find RVs for rent near me?”
If you don’t have an RV to rent and are interested in seeing what the RV life is like, you may be interested in renting an RV for yourself.
There are no sales pitches or complicated rental agreements to deal with when renting an RV from RVshare. In fact, details like daily rates and availability are between you and the owner of the RV you’re interested in.
You also don’t have to drive to an RV rental agency to browse available RVs and deal with sales associates. Start your search for a perfect RV share from the comfort of your own home.
Plus, I’ve seen how much some of those RV rental companies charge, and RVshare is a great place to check for affordable RV rentals.
RVshare offers a peer-to-peer platform (again, think RV Airbnb!) that makes it easy to find the perfect RV for spending some quality time with friends or family, while at the same time, staying within a budget that you are comfortable with.
There are already thousands of RV rental listings on their website, so I’m sure you can easily find one in your area!
If you’ve been wanting to rent an RV, you can learn more at How To Rent An RV: The Best Tips For Your First RV Rental.
What do you think of RV rentals? Would you do a motorhome rental from a website like RVshare?
Ember @ An Intentional Lifestyle says
We actually have been wanting to rent an RV, but we just haven’t done it. I had no idea this was available! From the title, I was thinking you were going to say that people are just renting them like AirBnB places but in their driveway. This was much cooler!
I may be planning another trip soon! Thanks for sharing!
Michelle Schroeder-Gardner says
You mention the insurance but don’t indicate that is included in the rental comission. How much do people have to pay extra for the insurance? Is it an annual thing or only pay-per-rental?
Nicole from RVshare says
RV owners sign up for the RVshare rental insurance program, and the per day insurance fee is applied to the rental price that the renter pays when they book. Feel free to reach out to us if you have any questions! 🙂
Ms. Frugal Asian Finance says
This is such an interesting concept and business model! Mr. FAF and I have been talking about renting an RV for the longest time ever. I want to know what it’s like to live in a tiny house.
I will definitely check it out. Thanks for sharing!
Michelle Schroeder-Gardner says
You should definitely try it. We love RVing.
Michelle Schroeder-Gardner says
You should try it!
Heather aka HoJo says
Did you read my mind??? We don’t have an RV, but I’ve always wanted to rent one. I had NO IDEA a site like this existed. We need to take a long trip next summer driving about 4,000 with our two young kids. Doing something like this would be AMAZING. Thank you for sharing about this. Someone is going to make money off me. =) (Although we’ll be saving money compared to what gas/hotels would cost us for a week++.) Thanks again!
Nicole from RVshare says
Sounds like you have an amazing family vacation ahead of you! We would love to be a part of it! There are a ton of great RV options listed on RVshare.com that could fit your family’s needs 🙂
I never thought of anything like that. It does sound quite interesting and makes a good topic to discuss online and offline. I guess one could place an ad about that online somewhere like AngiesList, pin to Pinterest, on Facebook, or even announce in a YouTube video in looking for a renter. Making money that way is unheard of but works. Besides, its all about how much you earn at the end of the day, right?
Thanks for being a positive blogging role model and an everyday entrepreneurial inspiration! 🙂
David C. says
Hi Michelle! So glad to see this article come together. Great info for your readers, renters and owners alike.
Hey thanks for this info Michelle. We always wanted to do an RV trip and thought companies like Cruise America and El Monte RV were our only options. And you are renting from other RV owners and not companies which makes it better because the owners have a better experience of the in’s and out’s of their RV since they traveled with it. We are going through RV share whenever we take our first RV trip as a family.
I’ve always had an idea of owning one as well and this is a great way to make extra income because we won’t be using the RV full time and we could rent it out.
Nicole from RVshare says
RVshare is one big family and happy to have you as a member of it 🙂 Enjoy your family road trip and if you do buy your own… You know where to find us!
TINA T AMES says
We just bought one to rent ! Brand new one that is easy to drive.
Phil McCrack says
The problem with this whole scenario is that most rv owners don’t maintain them. Renting an rv from a private owner is less safe than renting from a rental company. Service is a big issue when it comes to the complexity of an rv – no maintenance records or service checks every 6 months is a scary thought.
beverly kay caswell says
I’m a little confused about the insurance. It states above, “Every rental is provided with liability, collision, and comprehensive insurance coverage”. It also states above to check with my insurance company first and make sure they allow renting to strangers. These seem in conflict.
Caitlin Evans says
Thank you so much for sharing tips on how I can make extra money by renting RV. This article is very helpful and informative. I love this post.
Michael Harlow says
Great article. We also rent out our RV when we’re not using it. We made over $25,000 our first year and continue to do well, year after year.
Charlie Leuenberger says
We live near the coast of Florida in the panhandle area, and I was thinking of buying a piece of land near the coast and putting my 42 foot 5th Wheel on it and rent it out. Everyone talks about just handing over the camper or motorhome , but can you make a good rental income having a fixed location with an RV? Our 5th Wheel is so huge, and requires a duelly to pull it down the road. We want to downscale to a smaller truck, for less maintenance, better mileage, etc, and since were upside down on the 5th Wheel, we thought we may could turn a negative situation into a positive cashflow situation. What are your thoughts?
Boundless Bakers says
Great info! When (or if) we stop RVing fulltime, we definelty plan on renting our tiny home on wheels!
Benjamin Horak says
We recently started using RVshare out of necessity, were were a few weeks away from missing payments and possibly having to sell our Class C (so glad we didn’t). We found our real quick that its easy to make money on RVshare, we made over $3,000 on our first rental (12 days of renting) and well over $5,000 our first month. We would have had to sell our home on wheels if it werent for this service, now we are almost a year ahead on payments and actually making money from our RV!
Michelle Schroeder-Gardner says
Great to hear Benjamin!
Hi, I am in the process of listing my RV. There is a very complicated loophole that I am trying to navigate that is conveniently hidden from RvShare and OD. That is th nasty sales tax requirement.it looks like in NY, I will need to set-up and LLC and then register with the sate as a renter, collect sales tax and then send in to the sate. Plus need a CPA to review rental tax and county tax collection. Curious how you delt with this?
Great article… as usual.
Our first year we rented out our RV and made over $26,000. It’s a great second income. I strongly recommend it.