Most people think that the only thing an RV is good for is traveling cross-country or going on camping trips. You can actually make money with your RV when you are not using it, however. Rather than have your RV sitting in your driveway exposed to the elements, join a leaseback program and rent your RV to other travelers when you don't need it yourself.
Determine the class of your RV. There are standard grades of motor homes, such as Class A, Class B, Class C, etc. The grade is dependent upon the age, size and features of an RV and should be available on your original sales contract or vehicle registration. You will need this information when you apply for a leaseback from a motor home rental company.
Type "RV leaseback [state]" into your favorite search engine. For example, if you live in California, type "RV leaseback California." The search results will reveal many companies that provide a leaseback program for RV owners. These companies host your RV on their property and rent it out to people looking for an RV.
Visit each company's website and thoroughly review the services. Most RV leaseback companies perform regular maintenance on your RV, provide commercial insurance policies to renters using the RV and make the RV "rental-ready" for any potential campers.
Contact the leaseback company that most suits your needs and obtain all of the appropriate leaseback paperwork to fill out. Make sure to read the contract thoroughly. Ensure that you understand the statement and payment schedule. Perform your due diligence.
Leave your RV with the leaseback company when you are not using it. The RV rental company should assume the primary responsibility of cleaning, maintaining and renting out your RV unit. You will receive monthly checks for granting it the use of your RV.
Do your homework before entering into any contractual agreement. Make certain you are comfortable with the terms and conditions presented in the agreement and how the leaseback company uses your RV.
- Do your homework before entering into any contractual agreement. Make certain you are comfortable with the terms and conditions presented in the agreement and how the leaseback company uses your RV.
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