According to statistics, the average RV owner plans to use their camper 25 times in a typical year. However, research indicates that the average owner only uses their rig 20 times. That means an RV sits unused in storage for approximately 345 days each year.
However, a new partnership makes it easy for RV owners to turn those 345 unused days into cold hard cash by renting out their rig.
So who is behind this new partnership, and is it something you should consider for your rig? Let’s look and see!
What Is RecNation?
RecNation is one of the leading experts in RV and boat storage. Gary Wojtaszek started the business after his family purchased an RV and had trouble finding a covered and secure spot to store it. He recognized that many others were experiencing the same issue and made it his mission to do something about it.
RecNation offers a variety of storage solutions, including indoor units, covered units, and open lots. In addition, the covered and enclosed storage spaces provide outlets to help ensure your batteries are fully charged and ready for your next adventure. There are currently 40 RecNation locations in Arizona, Florida, Kansas, and Texas.
RVShare and Outdoorsy are the industry’s largest peer-to-peer RV rental marketplaces. You can find thousands of campers available practically anywhere you want to travel.
These websites allow RV owners to rent out their rigs when they’re not using them and make money. Some entrepreneurs in the right markets have purchased additional campers to list them for rent.
The owners fully control the pricing and availability for renting out their rig. In addition, they set the policies and restrictions for using their rig. If there are any issues, the owners or customers can work directly with RVshare or Outdoorsy for support. When things go smoothly, it’s a win-win for everyone involved.
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First time renting an RV? Find out What You Should Know Before Renting an RV.
In January 2023, RecNation announced they had partnered with RVShare and Outdoorsy. As a result of the partnership, it allows customers of RecNation to join RecNation Rental, a new peer-to-peer RV rental company. The service enables customers to rent their rigs to individuals with minimal effort required from the owner.
Instead of competing with RVShare and Outdoorsy, RecNation Rental has partnered with the two titans in the industry.
RecNation hopes the partnerships and the popularity of RVing will help them grow their business from 10,000 customers to 140,000 over the next five years.
How Will the RecNation Partnership Work?
The partnerships between RecNation Rental and the two largest RV peer-to-peer RV rental companies benefit everyone involved.
Outdoorsy and RVShare will host and promote the RecNation Rental listings on their platforms. The partnership allows the RecNation Rental listings to get exposure to a much larger audience.
Details are scarce regarding fee structures, but you can know that none of the parties involved is doing it for free. They’re all likely planning to happily take their slice of the pie for every rental transaction on the respective platform.
What Are the Benefits of Renting Your RV?
There are many reasons why you should consider renting your RV. As mentioned, RVs typically sit in storage spots more than at campsites. You can cover a year’s worth of RVing expenses by renting out your rig a few times.
If you’ve been looking for a way to fund that new solar upgrade you’ve dreamed about for your rig, this may just be it!
Another benefit of renting out your RV is that you help others experience the incredible lifestyle RVing can provide. Jumping into RVing can require a massive upfront investment that not everyone can afford. However, they may be able to afford to rent an RV for a weekend or two during the camping season.
Knowing that you and your RV are playing a part in helping a new generation experience camping can be a priceless feeling.
What Are the Disadvantages of Renting Your RV?
While there are some benefits to renting your RV, there are just as many disadvantages. You don’t have to spend much time in an RV to understand that things can break, even if you’re using them responsibly.
People renting your RV may not be as responsible or respectful of your beloved RV. Whether it’s from disrespect or normal wear and tear, there’s a risk that your RV won’t return in the same condition it left. You’ll need to set some of the money you make aside to help cover repairs and maintenance.
In addition, you may need to check with your insurance company to ensure they’ll even allow you to rent your rig. Some insurance companies frown on using your RV as a rental, which could cause them to increase your premium or cancel your policy.
Is Renting Your RV Out Worth It?
Renting your RV out requires you to consider the benefits and disadvantages. It’s a very personal decision that’s harder for some owners to make than others. Some people appreciate having nice things and don’t want to take any chances of someone else ruining their stuff.
However, others see the potential cash as an appealing option for renting out their rig that would otherwise sit unused. Wherever you fall in the argument, it’s a decision you can’t take lightly.
Would you consider renting out your RV when you were not using it?
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