Do you own an RV that you only use once or twice a year and that otherwise just hogs up driveway space collecting dust?
If so, did you know that you could use that RV to make money by renting it out to other people to use? Not only would doing so cover the costs of maintaining the RV and insurance and all that, but you’ll also be able to make a profit as well.
Eventually, as demand gets higher and profit with it, you could buy more RV’s to rent out and make a little business out of it.
Here are four tips you can utilize for running a business renting your RV in Minneapolis:
Tip #1 – Price Below The Average
Even though you’re only renting out your personal RV, you still have to compete with the larger renters in town, and to do so you’ll need to price below the average.
Outdoorsy notes that the average price to rent an RV for a night is $156 Minneapolis, so you’ll want to set your own price at being a little below that.
Tip #2 – Keep Your RV In Excellent Shape
How would you feel if you went to rent an RV only for it to be dirty inside and have engine problems? You’d probably feel ripped off, right?
Other people who’ll be renting your RV would feel the same way, so it’s important to keep your RV clean and well-maintained. Consider having it detailed, and definitely have the engine inspected by a mechanic.
Tip #3 – Take High Quality Photos
When you advertise your RV online, you’ll definitely want to take several high quality photos of it of both the interior and the exterior. Most people will be far more willing to rent from you if they can see the RV and its many features through photos.
Specifically, you’ll want to take exterior photos of all the sides, the wheels, and with the awning out (if there is one), and then for the interior photos you’ll want photos of the front seats, steering wheel, kitchen, eating area, living room, bathrooms, bedrooms, and the storage spaces. You can further take things a step further by including video clips as well.
Tip #4 – Have A Renter’s Ready To Sign
Last but not least, never rent out your RV without first signing an renter’s agreement with whoever you’re renting for. The agreement needs to cover several things, including the length of the agreement, price per night of the RV, if there’s a fee per mile, the security deposit, and in what condition the RV will need to be returned it.
Renting Your RV
If you have a recreational vehicle that just sits on your driveway all day and night, there’s really no reason not to make money off of it by renting it out to other people. If you choose to do, keep the above four tips in mind.
……….
Share
Contributors
