Introduction

Road trips have always been popular around the world, especially in countries like the UK and America where there are many states to visit and explore. The desire and popularity for road tripping will only continue to become more relevant, as everyone gets increasingly frustrated with being cooped up for the past two years.

Perhaps you’ve already owned an RV, but it’s spent the last six months gathering dust in your garage. Or, someone you know who has an RV has been making some serious coin, and you want in on the business. Whatever the situation, it’s time to try renting out a motorhome.

However, you must approach this the right way. With the correct marketing and maintenance work, you can have a convenient, affordable, and lucrative business venture. Although purchasing a vehicle might set you back initially, this investment can see serious returns in the long run. Plus, you won’t even need to leave the house. Interested? Here’s how you can start making money by thinking about how to lease your rv trailer! 

How Do I Go About Renting Out My RV?

Market Research

Before you delve straight into listing the rental of your RV on Gumtree, do some market research to find out the value that other people are listing.

Most importantly, also analyze whether there is a corresponding demand for it. This is an important step, especially for those who have not bought their RVs, you should gauge the profitability before investing blindly.

Understand Target Audience

Next, you need to understand who your target audience is so that you can spruce up your RV to appeal to them. There are many types of RVs like campervans, motorhomes, and caravans. Campervans tend to have amenities like kitchens and restrooms at the expense of space. So, couples or singles typically prefer campervans.

Most families tend to prefer motorhomes because of their larger room space. Hence, you need to consider which part of the market is more profitable for you to tap on. From there, you can decide on how to customize your existing RV or which RV to buy to ensure that more people will rent from you instead.

Knowing Your Rivals

When you have identified the group that will rake in the most profits, the next thing is knowing your rivals. Renting out RVs are by no means a novel idea, there will be other renters.

By squaring up your enemy, you can find out what are unique features that some renters will offer and the prices that they set their rates on. With the right effort being put into the research, you will be able to increase your chances of getting your business out there.

Prime Location

Last but not least, the last factor you have to take into consideration would be the location whereby you will be operating. Most people opt to start from the comforts of their own homes. That is what we would recommend as well because the garage would help you save up on operational costs like storing space for the RV. Additionally, you can check area guides to find nearby RV parks where you can recommend to your customers.

Furthermore, your garage can also act as a safekeeping point for the customer’s vehicle. Those whose services are located closer to the airports or major cities tend to see more success due to the accessibility. But, that does not mean that those who stay deeper in the suburbs should lose heart, it simply means that you have to focus on other unique selling points.

How Can I Make My RV More Enticing?

Cover Basic Essentials

Before putting in any additional accessories into your RV, you need to make sure that the essentials are covered. The RV will act as a home for your customer for the entire duration of their trip.

They will want to have things like kitchen equipment, utensils, beddings, cleaning products, a GPS, and a heating system to ensure that they can cruise around comfortably. If you are ever in a bind, you can take your RV out for a test drive yourself to understand what is needed. Always monitor your RV's battery and be sure you have one of the best: Top 5 Best RV Battery Monitors [2022 Review] - RVProfy.

RV Presentation

Apart from that, the presentation of your RV matters. Aesthetics can make or break an RV deal. Most customers tend to like it when RVs are fitted with nicer things like flowers to brighten up the furniture, or fairy lights for those who seek a romantic venue. These are some ideas but you can customize them according to your target market.

Marketing

That said, marketing is extremely important and the pictures that you present on the rental platform are the first introduction of your RV and your services. If hirers were to use shoddily taken pictures, there is a chance that the RV might come off as undesirable. You only have a few seconds to make an impression that would lead to customers tapping into your listing. You will want to invest in good photography to elucidate the appeal of your RV.

How Do I Protect Myself As A Hirer?

Most hirers would be concerned about how to protect themselves from any legal issues or dangers when it comes to renting out an RV. To protect yourself from any legal issues, you should carry out routine maintenance checks like gas and electricity safety inspections. You should also provide the appropriate safety equipment in your RV in the event of an emergency. 

GPS Device

Besides that, theft is a common concern with hirers. The simplest method to resolve this would be to install a GPS device in the vehicle so that you can be reassured of its location at all times. This tracking also helps to ensure the safety of customers if they ever get lost.

Purchase Insurance

One other important step to take when it comes to protecting yourselves as hirers is to divert the risk with insurance. By taking on self-drive hire insurance, it will be protecting you and your customer from losses.

Many unfortunate events can happen during a rental and you want to protect yourself against that off-chance. There are many types of coverage available for the hirer or the customer or both. It is important that you clearly understand the policy before you sign any papers.

Conclusion

Thus, renting an RV does come with its hurdles at the start, but once you become more experienced in the business, you will know what to expect and how to improve to increase the profit margin. All you need is time and effort for the proper research and persistence to keep it going to the end. Happy renting!