Author Topic: Renting/AirBNBing RVs or small campers?  (Read 359 times)

jeromedawg

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Renting/AirBNBing RVs or small campers?
« on: February 04, 2019, 11:07:42 PM »
Hey all,

Just curious if anyone here AirBNBs or Rents out RVs (whether stationary or not) or small camper attachments (like a Meerkat, Mini Max, Little Guy, etc). If so, how have you done with it overall?

My neighbor purchased a Meerkat for around $20k and says he expects to net probably around $5-6k a year on it. Of course, I'm not sure if he paid up front in cash or if he took a loan and is trying to cashflow on it (we didn't get that far into talking about it). Just curious if anyone else here does something similar. He said when he lived in China he owned three sports cars that he purchased used, fixed up, then rented out and he did very well doing that as a side-hustle.

This sounds pretty interesting to me but curious what the pitfalls and liabilities are to watch out for and if those would generally make it not such a great idea overall.

jeromedawg

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Re: Renting/AirBNBing RVs or small campers?
« Reply #1 on: February 04, 2019, 11:11:54 PM »
We also briefly talked about people who live on boats in the harbor and the same thought came to mind - buy a boat meant to stay in the slip, pay monthly dues for the slip, and rent the boat out to someone to live on only (and not to take out around the harbor or outside). Not sure how popular the idea is or how well it would work out but I knew someone from college who lived on a boat - I'm guessing rent is pretty cheap. I just don't know how worth it it would be as the boat owner. It seems like it would be relatively low maintenance though, since it's not like they would be taking the boat out, etc.

MaikoTsumi

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Re: Renting/AirBNBing RVs or small campers?
« Reply #2 on: February 05, 2019, 12:46:55 PM »
RVShare.com is more likely to generate rentals than Airbnb, although dual listing wouldn't hurt. If you're in a strong market, you could generate $10,000-$15,000 a year on rentals.

jeromedawg

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Re: Renting/AirBNBing RVs or small campers?
« Reply #3 on: February 05, 2019, 03:22:49 PM »
RVShare.com is more likely to generate rentals than Airbnb, although dual listing wouldn't hurt. If you're in a strong market, you could generate $10,000-$15,000 a year on rentals.

Typically, how do you figure out whether a market is strong or not? Just by looking at similar listings and how much availability there is? I actually found my neighbor's listing and just by quickly glancing at it he's booked about half of Feb already, 11 days in March and 6 days in April... although, I'm not sure if he blocked those dates out for personal use or if those are actual rentals. From what I understand though, I think if he uses it for personal use it's mostly for 1-3 day trips, and the bookings I see are like 5-6 days in a row. This intrigues me a lot and seems like a pretty low maintenance and relatively low cost option to potentially cashflow a bit. It probably wouldn't be a lot but by virtue of fact that these things take up a single car space, it seems like a pretty decent proposition.

MaikoTsumi

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Re: Renting/AirBNBing RVs or small campers?
« Reply #4 on: February 06, 2019, 01:33:21 PM »
In my unscientific opinion, areas with high concentrations of seniors.  Areas surrounding Phoenix, AZ, Las Vegas, Florida, etc. 

RVShare says you can make as much as $5,000 for pull behind, $15,000 for Class C, and $30,000 for Class A.  Take it with a grain of salt.

ixtap

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Re: Renting/AirBNBing RVs or small campers?
« Reply #5 on: February 06, 2019, 02:03:40 PM »
We also briefly talked about people who live on boats in the harbor and the same thought came to mind - buy a boat meant to stay in the slip, pay monthly dues for the slip, and rent the boat out to someone to live on only (and not to take out around the harbor or outside). Not sure how popular the idea is or how well it would work out but I knew someone from college who lived on a boat - I'm guessing rent is pretty cheap. I just don't know how worth it it would be as the boat owner. It seems like it would be relatively low maintenance though, since it's not like they would be taking the boat out, etc.

There are often people asking to do this, but marinas and marine insurance are not interested in supporting this model. Heck, most marinas aren't thrilled about liveaboards at all.

Interestingly, some marinas have figured out an Airbnb type arranngement,, but around here the port wants 20%+, so not many folks are interested in participating
« Last Edit: February 06, 2019, 02:05:30 PM by ixtap »