My #1 Tip to Maximize Profits For RV Owners Who Rent Their RV’s

The first RV I bought for my family was a 31' Class C Jayco Greyhawk. When I got the RV, my goals were as follows:

  • I wanted to take one big epic trip per year;
  • I wanted to rent it out a much as possible the rest of the year;
  • I wanted to camp a few more weekends in between rentals.

Most RV owners who decide to start renting their RV’s have similar goals. The problem is, they focus on the wrong things which costs them money and valuable time.

When renting your RV, the idea should be to maximize your revenue and minimize the level of effort required.

So what’s the best way?

Set a 7 Night Minimal Rental

When renting, you specify the minimum # of nights that you’ll accept.

Most owners only specify a 2 or 3 night minimum. This is a huge mistake.

Here’s why:

First, lets look at the time I need to send with each renter:

  • Familiarize renter with RV at Tim of pick up: 1 hour
  • Inspect RV and debrief renter when returning: 30 minutes
  • Prep time for next renter: 2 hours

Total: 3.5 Hours admin time per rental

Now let’s say your rate is $250 per night with a 2 night minimum. The revenue for a minimum booking is $500.

If we assume you rent it every weekend that means that in one month, you’ve earned $2,000 in revenue and spend 14 hours of admin time. And your RV has been gone every weekend so you don’t get a chance to use it.

Now consider my method.

I rent with a 7 night minimum. My minimum booking is $1,750. If I have just one booking per month I’ve earned almost as much revenue as the guy who rents his every weekend. My admin time though is only 3 1/2 hours. Plus, my RV is still available for 3 more full weeks. If I rent it once more I’m way further ahead and if not, I have it available for my family. Win, win, win!

One additional bonus is that I only have one person driving my RV rather than four. This helps minimize wear and tear on my RV.

Renting an RV can be an excellent way to offset your total cost of ownership. Doing it the right way, you’ll make more money, save lots of time, and have lots of time to us your RV.

Want more? Look for the link in my Twitter bio.

This post was created with Typeshare

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Business Coach | Management Consultant | Investor → I write about how you can grow your service business and be a better leader.

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Graham Acreman

Graham Acreman

Business Coach | Management Consultant | Investor → I write about how you can grow your service business and be a better leader.

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