Do you want to make some extra money on the side? Maybe you can do that renting out your campervan. According to a report by the Recreational Vehicle Industry Association, over 8.9 million households own a campervan. This number is only increasing rapidly. Our storage lots, driveways, and backyards have unused campervans. So, let’s make money with these campervans if you are not using it. Everyone wants to earn extra money.
If you have a campervan and you know that you are not using it, it is possible that you can make extra money by renting out it. There are many platforms out there that allow peer-to-peer camper rental options.
Many people are now exploring the countryside with recreational vehicles. Thus, Campervan rental agencies have a bright future. Rental campervans are especially been more in demand by millennials who prefer to enjoy adventure instead of buying stuff.
Couple of different platforms to rent your campervan is RV share and Outdoorsy. Both ways are great for money-making ideas. You can rent your campervan for a few days, or for a few months, whatever suits you the best.
Therefore, if you are looking for an easy way to make money, renting out your campervan is probably the coolest idea. It is worth giving a shot.
The risks of renting out your campervan
It is for sure not an easy thing to put your campervan out there for anyone to use as a motorhome rental. They are many chances that they can get damaged. Many campervan rental agencies offer rental insurance to the owner of the campervan rentals at no cost. Of course, it does not include any start-up costs, access fees, monthly premiums or anything like that. It is like a free service provided to owners for a free listing and booking.
Important tips before renting out your campervan
Are you going to rent you campervan? Don’t rent out your lovely campervan without reading a few facts you need to keep in mind to ensure that it is protected. Some of these important tips are
1- Check if your campervan is in good shape
This is the most important thing before renting out your campervan. Before renting out your campervan check everything including the brakes, engine and electrical system. Check whether they are in tip-top position or not. You sure always make sure that your campervan is in the best position before renting it out.
2- Insurance coverage
Campervans are so much fun, but they can also incur damage. Before renting your vehicle, you must ensure that your vehicle is covered. It is advisable to get a rental insurance policy. We always advise you to get an insurance policy of your own. If your vehicle is damaged while being used by a renter, the policy will protect you.
3- Recording the Mileage and Generator Hours
Before you rent out your campervan, record both the generator hours and mileage. This will give you an easy time surcharging for any extra mileage. You should also set the daily mile limits. Most owners set a daily mile limit of 100 miles, and in case of exceeding this limit, you get charged extra money.
4- Getting listed on popular rental sites
Renting your one of the major assets to a stranger is a bit terrifying. Mostly, campervan owners list them on motorhome rental sites. These rental companies are trusted and offer the highest level of safety for both the renter and the owner. They usually do not charge any fees to join. Plus, these websites provide a secure checkout process.
Campervans are very expensive to buy and to even maintain. The best way to subsidize the cost of ownership is by renting them out. Rent them out during the summer or when you are not using it. You can easily earn a lot of extra income by renting them out.