RV Owner management program

[KiKi Mouse]

Has anybody ever done this?

 

[JCJRSmith]

Is this something offered by your RV manufacturer? It doesn't ring any bells.

 

[Eeyore'sthebest]

Has anybody ever done this?

I'm an RV owner but have no idea what this is?

 

[KiKi Mouse]

You buy the RV and a company manages it for you and rents it out.

 

[Eeyore'sthebest]

You buy the RV and a company manages it for you and rents it out.

Okay, why would you do that? I love my RV but they are very easily destroyed. I don't let anyone borrow my RV. Maybe its just me. In fact I know a lot of campers and there is only one person I know that does this. But she does it more as a business. You basically rent a travel trailer from her, she will bring it to Fort Wilderness and set the thing up for you and break it down when its done. But that is a very specific service and I believe she is just using it as a rental and not her own personal trailer.

Have you seen the way some people drive??? I'd be petrified every moment it was out of my sight.

 

[KiKi Mouse]

In a nutshell you buy the RV and it gets rented out for you and you get 75% of the rental income.
The rental income you get will cover the cost of the RV financing for a year if you have it rented out for 85 days. The 85 days is the break even point.

The RVs are new and are under warranty plus the renters have to leave a $1000 deposit. That does not cover normal wear and tear though and that has me worried.

The only reason we are thinking of this is because there is no way we can afford a $80,000 RV.

 

[Eeyore'sthebest]

In a nutshell you buy the RV and it gets rented out for you and you get 75% of the rental income.
The rental income you get will cover the cost of the RV financing for a year if you have it rented out for 85 days. The 85 days is the break even point.

The RVs are new and are under warranty plus the renters have to leave a $1000 deposit. That does not cover normal wear and tear though and that has me worried.

The only reason we are thinking of this is because there is no way we can afford a $80,000 RV.

To be honest, if you can't afford the payments then don't get the RV. There are so many things that someone needs to know prior to using one.
- Are they going to know how to connect to all the utilities?
- Are they going to know how to properly open/close the awning? My DH knows how to do this and he still broke one of the poles. The dealership says it happens ALL the time.
- Are they going to know not to start the RV with the generator running due to the pull on the engine?
- Are they going to only use RV safe toilet paper??? This can totally clog your pipes if they don't.
Obviously these are only a few issues but still things to think about.

Are they going to treat it like a rental car and not give a crap if they drop food on the couch or drink red kool-aid in bed? This is too valuable of an investment to risk someone else driving it for 85 days.

Have you seen some of the spots that people have to back into? My DH is an excellent driver and there are spots that bother him. Heck, we've watched people have problems parking pop-ups!!!

I would think long and hard prior to going into this. $1,000 deposit is nothing when your RV is totaled? And what about your insurance rates??? I don't know how it works in Canada but here in the US the rates are based on the age of the driver and the driver's driving record. It was very specific.

 

[terri01p]