What Is RV Sharing and Is It Worth It?

Statistics show that 22% of RV owners making up the market are now 18 to 34-year-olds. While those owning RVs used to only be middle-aged people, making up a limited crowd.

These statistics show that owning and using RVs has become more popular than ever. As more and more people are starting to choose this as a traveling option.

Because of this, person to person RV rentals has become very common. This is also called RV share options for those looking for affordable ways to rent an RV through a reputable website like RVnGO.com.

If you want to rent an RV, it has never been easier or more affordable. Keep reading to find out what RV sharing is and if it is a good option for you.

What Is RV Sharing?

RV sharing is a term used to describe peer to peer RV rentals. This is when someone with an RV rents it to someone else for them to use. We prefer the term – person to person RV rentals.

Over the years, this has become a popular option for RV owners and those looking to use an RV. It can provide a more cost-effective option that most people can afford. We have entered into an RV Sharing economy. There are a few RV Sharing Sites, and RV Sharing Companies to work with.

RV owners can list their RV for rent and rent it out to others by themselves. Or they could choose to go through an RV rental company if they want to make it easier.

Renting out your RV is a great option and is something that more RV owners are starting to do. It is beneficial for both the owner and the renter.

RV Sharing Pros and Cons

When it comes to RV sharing, you may be wondering if it is worth it or not. Though this seems like a good idea, is it really worth it for RV owners?

Renting out your RV can be a great option depending on what you are looking for. Many RV owners could choose to do this if they don’t always use their camper.

If you only use your camper a few times a year, you could rent it out the rest of the time. This way, you are getting more out of this big financial investment.

Keep reading to find out what pros and cons there are to renting out your RV.

Extra Income

Renting out your camper is something that can be a great financial decision. Many people choose to do this for the extra money that it brings in.

You can earn a nice side income by renting out your RV throughout the year. Especially if you only use your camper a few times a year for vacations and traveling.

This can also help you with RV payments if you haven’t paid off your camper just yet. Owners can rent it out to help them make those monthly payments easier.

Renting out your camper a few times a year can really help you pay this expense off. It also allows you to get more out of your investment if your camper is paid in full.

It can become a source of additional income without you having to do anything. Becoming the definition of passive income that you can enjoy year-round.

Potential Damage

If you want to try out RV sharing, there are a few things to first consider. Including the fact that your camper could potentially end up damaged.

The reality is that you are trusting other people with your camper. This will come with its own set of risks that you need to think about.

The renters could damage your camper in some way and even try to hide it. They may not have experience driving a camper and could damage it during the rental period.

There are all kinds of ways that the camper could be damaged when it comes back to you. Because of this, you should be careful about who you rent to.

You should also have some kind of written agreement drawn up to protect yourself. This should be signed and have legally binding language to protect you and your camper.

Insurance and RV Rental Protection Plans

When you are looking to share an RV, you need to look into your insurance policy. It is not uncommon for insurance to not cover certain expenses in this area.

Many kinds of insurance are only there to cover you and any issues that you run into. It may not cover things that happen if someone else is behind the wheel.

Because of this, you may need to change your insurance plan to cover more damage. Helping to better protect you if a renter were to damage your camper.

A good protection plan should cover mild and severe damage as well as any theft that could occur. RV Rental websites offer and RV Rental Protection Plans during the rental period and also insurance through 3rd party insurers too. You will want to read the fine print and compare your options. Take note that is also different from getting Roadside Assistance during the rental period.

How Do You Participate in RV Sharing?

If you want to share an RV, you have a lot of options to choose from. There are many person to person RV rental options online that you can use.

These websites provide safe rental options so that the process is simpler to go through. Compare the different sites to determine the best rv sharing source.

Some people also choose to list their camper in their local community as a rental option. This is riskier but does give you more freedom throughout this process.

You will just need to make sure you cover yourself legally so that you and your camper are protected.

Is RV Sharing Worth The Effort?

RV sharing can be a great way to earn some extra money or offset the cost of owning an RV. However, whether it’s worth the effort depends on a few factors.

First, you’ll need to consider the cost and effort of preparing your RV for sharing. This includes cleaning, maintenance, and repairs, as well as the time it takes to coordinate bookings and communicate with renters. That is where listing on a rental platform like RVnGO can be valuable.

Second, you’ll need to weigh the potential earnings against the risks and liabilities associated with renting out your RV. This includes damage to the RV, accidents involving the renters, and potential legal issues.

If you have a well-maintained RV and are willing to put in the effort to prepare it for sharing, and if you can market your rental listing effectively, find reliable renters,  and manage the risks effectively, then RV sharing can be worth the effort. It can provide a source of passive income and allow you to share the joy of RV travel with others as long as you treat it as a business. However, if you’re not willing to take on the risks or put in the necessary effort, then it may not be worth it for you.

You should always do your research first.

Are you interested in listing your camper for rent? Visit us today at RVnGO for RV rentals and options to list your RV, camper, 5th Wheel, or travel trailer for rent.

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