RVShare Business Opportunity For Rural RVers
An RV Business Is A Great Passive Income Opportunity!
If you’re thinking about running a RVShare business opportunity, then here is some great advice and tips for a successful business.
How To Get RVShare Renters?
A lot of my renters are people flying into the airport.
For example, a couple fly in from New Zealand, and they want you to deliver the RV to the airport.
You found out that they are staying at a hotel near the airport; so you call the hotel and they have RV parking.
So, you deliver the RV to the hotel for them.
They take it from there and start touring the U.S.
Problems Of Renting RVs
Case In Point: An international family rents from you, and they went to the Grand Canyon, Las Vegas, California.
They came back and had went 4,000 miles over their miles, and you say, “Hey, you went 4,000 miles over,” and they say, “Yes, we got lost.”
Here’s some advice for people wary to list on RVshare, because they are uncomfortable with renters taking their vehicles and campers thousands of miles away.
A lot of people look at it as, “This is my baby,” or whatever.
Look at it as a business because there’s nothing they can do to your RV that can’t be fixed.
They put their deductible down and you have the insurance, so anything they do can be fixed.
The only thing you can’t fix is mileage, and that’s going to happen anyway.
And in terms of renting it out, RV mechanics say that it’s worse for the RV to sit than it is to go.
You get an RV that’s 10 years old with 15,000 miles on it and it’s actually worse than an RV with 35 thousand miles on it, because it’s been sitting.
Running A RVShare Business Opportunity
How many miles are renters allotted?
Typically renters are allowed 250 miles per day when they rent an older RV, such as the Tioga.
And in a Lexington, they are allowed 200 miles a day.
Try to find something that sets you apart from the other renters to get more rentals, such as provide free insurance.
If you have an MBA renters policy that you pay for, then ou can provide it to them for free.
But what’s more important to the renter is the deductible.
Offer the the lowest deductible on your site.
For example, $500.
Everybody else’s deductible runs between $1,500 and $1,000.
There are even $2,500 deductibles.
So ask renters, “What made you choose me?”
And 75% of the time, it’s the deductible and reviews.
How To Grow Your Business Through RVShare?
Of course, you can do this business on your own without RVShare; but they legitimize you, which makes you an actual company.
Also, the biggest thing a customer wants is roadside assistance.
So that’s a big part of it.
But, being able to take the deposit, refund deposits back to their credit card, take the payment, and get advertising for the RVShare’s price, you can’t beat that.
In terms of advertising, promotion and marketing, Craigslist, for example, may not be your optimal choice.
A better choice is to refer potential renters over to RVShare.
They book their rental through there.
That way, they get your roadside assistance, and your insurance.
Renters want to see that documentation, or the rental documentation, if they were to have an accident.
So for the price that you pay, you can’t beat renting through RVshare for the services that they offer.
What’s It Like Interacting With RVShare?
When I ask them a question, they pretty much leave it up to you.
RVShare tells you what the rule is.
For example, “The contract says you’re obligated to do this or you’re obligated to do that, but some of our renters do this, and some of our renters do that; so it’s up to you.”
That’s pretty much it.
RVshare allows you run your own business, and they don’t make any decisions for you.
They let you make your decisions yourself.
What is awesome about RVShare is you have repeat renters.
So tell your renters, “You rent from me again, I’ll give you a discount.”
Then, just go to your RVShare account and adjust the price.
If they rent for five days, you get a quote that can be adjusted to whatever you want.
Advice For Running A Rental Business Through RVShare
As with other businesses, there are issues you have to deal with.
Case In Point: When renters come back, there’s always something minor that’s wrong, but there’s nothing you can’t fix.
Example, A lady didn’t do a pet deposit and she had a dog in the RV.
There was a lot of hair in the RV; and the dog scratched the back wall in the master bedrooml.
Try to work with your customers by giving them a courtesy call using this script.
“You need to pay the pet deposit, because the contract says if you have a pet in the RV, you forfeit your deposit. I will get an estimate on the wall.”
A repair such as this could cost $1,300 to fix.
So, it’s covered on the insurance, and the customer only has to pay the deductible and it gets fixed.
Another problem you may have to deal with is this.
A customer sideswipe’s a parked car that causes damage to the RV, but, again, it’s nothing you can’t get fixed.
With two vehicles, multiple renters, and fixes on each RV, how do you keep track of all the service and give your renters peace of mind of how well maintained your vehicles are?
One idea is to keep a binder with all the service records of each RV.
Get a Good Sam warranty over the whole coach, so everything is under warranty.
In additon to insurance, have a warranty on the tires, which give renters peace of mind.
You can also tell them,
“If you have a blowout, just take it to a discount tire company anywhere, and it’s covered.”
Also, blowouts are covered under your Good Sam warranty.
So, that’s an expense you can try to take off of the renter.
You reimburse them.
They’ll pay for it in the beginning, and then they’ll get reimbursed when they return the rental.
Just be pragmatic about it because it’s like renting a house through Airbnb.
You don’t want to rent to horrible tenants, but if they tear it up, they have to pay for it.
Do You Need A Renter Selection Process?
You should be able to rent to anybody that wants to rent an RV.
The reason why many people use RVShare is because they can’t afford the big companies.
Since your deductible is lower, you will be able to rent to a lot of people who normally couldn’t afford to rent it.
The repeat customers that you have will actually save money by renting with you, and here’s how:
One of your scheduled rentals broke down with generator issues, so your customer can’t take it.
Meanwhile, you’re on RVShare trying to help them find another rental, and they tell you that they can’t afford the $1000 to $1500 deductible.
Now, you understand why you should lower your deductible.
How Much Can You Make On RVShare?
With a small fleet of RVs, the payout could be $33,000 to you.
Some months, you can make about $10,000, but on average each RV makes about $5,000.
Does That Payout Cover Expenses And Include Profit?
With a gross payout of $5,000 per RV a month, the income has more than covered your expenses.
For example, monthly expenses for each RV, if you don’t have any problems, include storage, insurance and the payment on your RV.
For each one, expenses are about $1,000 a month.
The income you make from a RVshare business opportunity could benefit you and your family.
Research proves that starting an RVShare business opposed to a franchise doesn’t really put a financial strain on you.
You don’t have to dip into your income to start a RVShare business opportunity.
With an RVshare account, you won’t even need to use your checking account for anything because your lunch at work, gas, etc. is expensed to your RVShare account.
People love RVs!
They can take trips to places they’ve always wanted to go to enjoy a heated pool, outdoor kitchen, a stocked fishing pond, etc.
You can even take your dog and/or cats.
Starting a RVShare business opportunity is a great way to make money by helping others who want to experience and explore the great outdoors.
On the other hand, you may not because your RV won’t be available a lot, but that’s AOK because it’s making passive income for you.
Make your RV the destination.
Host your camper or RV, earn extra income, and share the roadside way of life with adventurous guests.