i rented mines but drove it to the place where the person was going to stay for months.drives but just rented it to park only.i took my keys and gave them just the keys to go in and for storage.
that was shady brah. If you rented it and they paid for the rental, it doesn't matter if they were just gonna let it sit in a parking. You were supposed to give them the key.
Hi Avery, great question, thanks for asking. It depends of your skills to build it custom. If you have a skill, it can be a better return on investment. Unfortunately, I see too many people starting the convertion without finishing it, so that create financial loss. For me, buying a “ready to rent” campervan was the best to start generating income in the first month :)
Hello I have a question. @7:25 you mentioned the 2nd half of the payment being released by a review, what happens if you don't get a review from the customer?
Hey Saya! About 4 months ago, in November 2022, it seems that RVezy changed that policy to make it better. ''As an RVezy host, your total rental payout will be released within 24 to 48 hours of the rental start date. The transfer of your payouts typically takes 3 to 5 business days before being deposited in your bank account.'' help.rvezy.com/hc/en-us/articles/360038105934-How-and-when-do-I-get-paid-
Thank you for all your info. I live in a mountain town and was considering purchasing a Sprinter for this purpose. I can’t afford one but this is a possibility to help subsidize the high cost. What are the pitfalls of this possibly going wrong? My thoughts are that it would most likely be rented in the spring thru fall only and my hope is that could more than cover the payment,insurance (personal) and maintenance. Would it be possible to give you a call and chat? I’m happy to pay you for time. Thank you for the help!
Hey friend, have you came across any further info since your post? I'm kinda on the same mindset, except down south.I'm curious what you were able to find out. Any tips?
I don't know about everyone else but both the bank and insurance companies ask you specifically if you are going to rent your RV. My feeling is that the bank will call the loan and your insurance will cancel you. Notice how he says nothing about that. Read your bank financing and your RV insurance documents. I'm sure you'll find these exceptions. In my documents it says under penalty and perjury you answered honestly.
Oh, absolutely! How could I ever forget the sacred duty of being a loyal servant to the almighty bank and the benevolent insurance overlords? 🙏 ‘Please, Mr. Insurance Company, take my money and keep me safe from the big, bad world!’ Because, as we all know, they’re just looking out for our best interests, right? And of course, the fine print is always written with our well-being in mind. 😏 I mean, who wouldn’t want to be a model citizen, dutifully obeying every little clause, crossing every ‘T,’ and dotting every ‘I’ just to make sure the big guys are happy? ‘Yes, sir! I promise I won’t rent out my RV! Please don’t cancel my insurance! I’ll be good, I swear!’ After all, it’s not like these massive corporations and the government have ever been involved in anything shady, right? Nope, not at all. They’re the paragons of virtue, and we should all aspire to be just like them. But hey, thanks for the reminder! I almost forgot to double-check my documents and make sure I’m still a loyal subject of the insurance kingdom. 😜
@@AlexRoseTravels You do have a choice Einstein. Break the law and go to jail. Just because your happy go lucky you should want other people to follow you over the cliff. Don't buy insurance and except all the risks. You need them they don't need you. Try and remember Einstein when people file claims it is they who pay out more than you ever paid them. For me I will follow the rules and let insurance companies take all the risk and I will pay their premiums so I don't lose all I've ever work for.
Awesome Video! I live in the midwest. Do you have a suggestion on how to continue to get bookings in the winter when the demand is low? Any thoughts on consignment options to warmer places in the winter or site sharing?
Hey Tara! Few ideas: - Winterize your unit - Offer discounts for longer rentals - Promote your unit rental on local websites or Facebook market places You can also relocate in warmer climate if you have a friend that can rent it for you. Keep us posted about your RV rental journey :)
I'm looking at buying a holiday rambler class A motorhome. Can I rent out my motor home on air b and b by parking it on a cheap RV lot ? Snowbirds ? I work seasonal so I'd want to rent it out for the snowbirds.
Hi Todd! Thanks for your message. The renters usually come wherever you decide to pick up the unit, can be your house or anywhere else. Owners usually offer delivery options with different prices accordingly to the distance. Does that answer your question? :)
Great video! Thanks for sharing. I stumbled into your video when I was trying to see if anyone was renting travel trailers month to month as a business. I live near Houston Texas. What kind of vehicle would you recommend to start as a business? I'd been considering a Class C or a Fifth wheel? Thanks!
Hi Elizabeth! Thanks for your message :) The best way to get an overview of the market in your state is to a little research on RVezy and Outdoorsy in your area. Look at the unit types and if they seem to be fully booked or not. Good luck in the this adventure!
Great video! How time consuming is it to rent your RV? Talking about cleaning, pick ups, deliveries, ext. How many hours per week are you spending on this revenue stream?
Really good question, well it depends of the lenght of the rental. If you rent for 4 weeks, it will probably take 4-5 hours to clean, prepare and do check in with the renters. If you rent only for 2-3 days at the time, you will spent 4-5 hours every time you rent. I hope this answer your question :-)
@@NomadJunkies Thank you so much! I want to get into it but I have a full time job so if I go ahead, I might ask for a minimum amount of days to rent it :)
Hello! I am interested in doing this, but was wondering if it’s necessary to have a relatively new camper? Is it still profitable if your camper is older but in good condition?
They won’t insure my 2007 sprinter, also 2 rentals in and they the renters destroy your home! It’s not safe by any means, the 2nd rental a lady side swipes the door leaves it at a gas station and leaves it. Now we need a night hours tow which is expensive. She used her own insurance and we have it but what a nightmare. Every rental people are trashing it, not just me but many have had the same stories. I now in 3k debt out of my own pocket. It’s not all roses and your lucky they don’t trash it.
Hi there, you can look at Outdoorsy they insured older custom sprinter : nomadjunkies.com/en/rvezy-vs-outdoorsy-which-service-is-best-for-owners-renting-out-their-rvs/ In my experience, when we had renters breaking stuff we always got the insurance pays us back for the repair with both Rvezy and Outdoorsy.
@@NomadJunkies thanks I’ll look into it, who’s insurance the renters or yours? Outdoorsy seems to say many people aren’t covered and you have to work it out with the renter.
Thanks for your sharing. It's helpful to me and now I have confident in the rv rental. I have a question that are we able to set the difference price for peak season and low season? If yes and how? Thank you
Hey Emily! Yes you can and should put different price. In both Rvezy and Outdoorsy, you add “Pricing Rules” and increase the price for public holidays or any high season time period. You can try it here : nomadjunkies.com/go/outdoorsy-en-owner-sign-up/
Hi Pauline! Thanks for reaching out! It’s gross before the expenses. For taxes purpose, we keep all our expenses receipts, so all the regular maintenance cost and even the interest on our loan are considered expenses. We only pay taxes on the profit.
Hey Blake! There is actually a calculator and you could find out per city and per type of unit how much you can make, you can try and play with it: bit.ly/calculator-rv-money
How critical do you think your location is to being successful? Is it important that you are nearby attractions people want to go to? We are in Omaha NE and it’s not a destination for people to fly into, so I’d think it would just be the local population taking an RV on trips to other cool places…
You could be surprised how in less touristic areas, there is a pretty good market. Maybe your neighbours want to rent one for a roadtrip. In less popular destinations, you have less competition, so it can actually a good thing.
Amazing video. Quick question, how much do you make per 1000 miles on average? Have you guys done any math like that as far as the longevity of the vehicle and how Much you make on it ?
Hey John! Really good question, I was not able to the math, it's quick tricky. It is definitely something to keep in mind, more mileage will devalue the unit. Trailers are a good one, because no matter the mileage, the value won't go down. You can make test on this calculator to find out how much you can make by type of unit: bit.ly/calculator-rv-money
Hey Cesar! Nice to meet ya! Thanks for your message. I hear that the units need to be recent with Rvezy. You can easily create your profile here : Rvezy nomadjunkies.com/go/rvezy-owner-signup/ If the unit is too, you will see a message while creating your profile. You can easily reach them to. Another tip will be to create a profile on Outdoorsy, I heard they accept older models : nomadjunkies.com/go/outdoorsy-en-owner-sign-up/ Keep us posted man 👏
Hi! Would RVeazy fully manage your RV if you live abroad? I mean, would they take care of storage, delivery, cleaning, etc. for an extra charge if you are not there to do it on your own?
Nooo unfortunately they won't, I don't think it's part of their business model. For Airbnb (apartment rental), eventually some other businesses like Luckey (whish was later bought by Airbnb) was doing the concierge service, taking care of the keys, cleaning etc. I beliebe we are few years from that with the camper!
Hi again, it’s hard to say but you can compare the nightly price per night you can make using this calculator for each transit / sprinter vs 24’ motorhome. I hope that will help : nomadjunkies.com/go/outdoorsy-en-owner-sign-up/
Hi Beth! Maybe you can check on Airbnb, RVezy, Outdoorsy where are the locations in GA of the units that stay in RV park. :) keep us posted if you find another way to get this information
@@NomadJunkies we called and asked outdoorsy and they didn't know. We bought a class c so, hubby is comfortable with letting someone drive it verses a class a.
Hey Raina! Which type of unit do you have in mind? You can try different model on this calculator and find out your possible income: bit.ly/calculator-rv-money
I am thinking about buying a 2001 bumper pull. It’s clean and well cared for, but the body does show age. The price is 5000.00. Does this sound like a good investment? Single mom, hoping to build retirement account and do a little traveling with it.
Hey Aj! I think it’s a great idea to chose a bumper pull instead of an RV because the mileage won’t affect the resale price. You can check out similar units here to find out the average nightly price you can get. Than divide your investment per that number. It will give you the numbee of nights you need to rent it to cover your investmentt. Also keep in mind that you have to add maintenance cost and supplies (ex. Soap or other stuff). :)
Hey Phillip! Thanks for reaching out! Of course it’s a good idea some people ends up having multiple units just for renting, it’s like having any type of second income or side business. It’s all about return on investment. Depending on your location, you can forecast by unit type. I suggest you test different type of units from Class B to Travel Trailer to find out the price per night you can charge. You can use this calculator : nomadjunkies.com/go/outdoorsy-en-owner-sign-up/ After you can compare the price of buying the unit divise by the nightly revenue you can make, it will give an idea of how many days you will need to rent it out. :)
I'm a trucker and I'm switching from local to OTR trucking and will have no need for an apartment or a car. So I'm considering getting a smaller RV for when I'm not on the road, I can use. My question is, are there any services that will take care of the rental and cleaning of your RV for you that you would recommend?
Hi Scott, thanks for your message. At the moment, I don't think there is a rental/cleaning service, but I'm sure it will happen in the future like it did for Airbnb rentals. I can suggest maybe finding a friend or relative that can do pick up and drop off plus cleaning. :-) If I heard about this kind of service, I will get back to you!
We have an extended warranty that covers everything broken. Are we allowed to use the coverage if someone breaks or damages something while it's being rented out? We still need it if something breaks when we use it, but what about when something breaks during the rental time?
When you rent your RV on Rvezy (nomadjunkies.com/go/rvezy-owner-signup/) or Outdoorsy (nomadjunkies.com/go/outdoorsy-en-owner-sign-up/), the time the unit is rented, it's not under your insurance. I will be RVezy and Outdoorsy insurance. It won't affect your insurance if something breaks during the rental. You will have to lie to your insurance to say you were the one using it when it breaks to claim it under your extended warrranty, and I won't recommend it. Insurance will look for the truth and find out it was rented. But like I said, it's all good, because every rental is covered by the insurance of the platform you rent on. Does that answer your question? :-)
Yes I heard that Rvezy (nomadjunkies.com/go/rvezy-owner-signup/) won't allow older RV, but Outdoorsy (nomadjunkies.com/go/outdoorsy-en-owner-sign-up/) accept older model including retro like Westfalia.
Hi Reju! I understand your concern, actually you will not loose the 50%! We talked to RVezy and they said : ''Renters are required to leave a review for their owner. However, if a renter does not complete this step, it will expire after 7 days and automatically complete the booking. In addition, we reach out to the renter 48-hours after their closeout phase starts and urge them to review the owner and complete the rental. '' You can use the calculator here to find out how much you can make with your unit or a future unit : bit.ly/calculator-rv-money
Really good question, in theory probably, we never done it. Some people will rent it on camp site, but that comes with a price. If you ever do it, let us know how it goes :)
Hi again Gina! We finally got the time to find the answer to your question! You will never loose the 50%! We talked to RVezy and they said : ''Renters are required to leave a review for their owner. However, if a renter does not complete this step, it will expire after 7 days and automatically complete the booking. In addition, we reach out to the renter 48-hours after their closeout phase starts and urge them to review the owner and complete the rental. '' You can use the calculator here to find out how much you can make with your unit or a future unit : bit.ly/calculator-rv-money
FAKE SMILE ON THIS KID! He knows nothing! There is a learning curve to owning RV's, Boats and in general any big boy toy. Everyone who touches these big investment toys including the owner make mistakes and every mistake costs money not even mentioning stuff just breaks. This is complete BS. Depreciation is not mentioned. Depreciation BY FAR your biggest bill. RV's are not money makers period.
That depends. This guy only rents it 6 months out of the year meaning he probably uses it the other 6 months. So for him to be able to make money on it while he isn't using it makes it worth it. Maybe it's not a good investment for those who don't plan on using it at all because they will only be covering depreciation.
Hi Bruce, I'm Emilie, the co-owner, I will answer this one. You are right about depreciation, it is something we keep in mind, our extra mileage was too low at the beginning, so not good for 2-3 weeks rental, but we charge more now for extra mileage. We've been renting it for 2 years now, 6 months each year, going on our 3rd summer. If you want to make a living out of it, it's another game, but definitely doable. If we had to get 100K income a year, we will probably buy Travel Trailers to rent, because the depreciation is way less because mileage doesn't count. We will probably aslo buy and rent converted mini-vans because they rent for as much as big units and they are wayyy cheaper to buy. Personally, I don't want to travel in a mini-van with a bed in the back (I did it in my 20's in New Zealand), I like more comfort now. And yes we do use our unit 6 months of the year so it's not the purpose to make as much money as we can, it's more to covert the cost and a little extra money to travel too.
Hi there! It’s obviously not a trailer, it’s a 90k $ Class B, you can check the rental price per night. Usually it’s around 200$ a night, if it was rented 30 days per month, it will be 6k$ a month… but we don’t rent it full time and we have lower months
This is by far the most informational video on here. Surprised it doesn't have more views
Thank you so much for saying that!
I fly for the airlines and think this might be a wise move for me something nice I’m hardly ever home and can take vacation whenever I want
i rented mines but drove it to the place where the person was going to stay for months.drives but just rented it to park only.i took my keys and gave them just the keys to go in and for storage.
Hi there, I'm not sure to understand.
that was shady brah. If you rented it and they paid for the rental, it doesn't matter if they were just gonna let it sit in a parking. You were supposed to give them the key.
Where would you recommend buying a camper van like yours that is already renovated?
Hi Avery, great question, thanks for asking. It depends of your skills to build it custom. If you have a skill, it can be a better return on investment. Unfortunately, I see too many people starting the convertion without finishing it, so that create financial loss. For me, buying a “ready to rent” campervan was the best to start generating income in the first month :)
Hello I have a question. @7:25 you mentioned the 2nd half of the payment being released by a review, what happens if you don't get a review from the customer?
Hey Saya! About 4 months ago, in November 2022, it seems that RVezy changed that policy to make it better. ''As an RVezy host, your total rental payout will be released within 24 to 48 hours of the rental start date.
The transfer of your payouts typically takes 3 to 5 business days before being deposited in your bank account.'' help.rvezy.com/hc/en-us/articles/360038105934-How-and-when-do-I-get-paid-
Thank you for all your info. I live in a mountain town and was considering purchasing a Sprinter for this purpose. I can’t afford one but this is a possibility to help subsidize the high cost. What are the pitfalls of this possibly going wrong? My thoughts are that it would most likely be rented in the spring thru fall only and my hope is that could more than cover the payment,insurance (personal) and maintenance. Would it be possible to give you a call and chat? I’m happy to pay you for time. Thank you for the help!
Hey friend, have you came across any further info since your post? I'm kinda on the same mindset, except down south.I'm curious what you were able to find out. Any tips?
@@JL-ws1gisame here
Thank you! Very helpful and thoughtful!
Thanks bro, this information was just what I needed !
🤟
What kind of unit you have? You can calculate here the income you could be making: bit.ly/calculator-rv-money
I don't know about everyone else but both the bank and insurance companies ask you specifically if you are going to rent your RV. My feeling is that the bank will call the loan and your insurance will cancel you. Notice how he says nothing about that. Read your bank financing and your RV insurance documents. I'm sure you'll find these exceptions. In my documents it says under penalty and perjury you answered honestly.
Oh, absolutely! How could I ever forget the sacred duty of being a loyal servant to the almighty bank and the benevolent insurance overlords? 🙏 ‘Please, Mr. Insurance Company, take my money and keep me safe from the big, bad world!’ Because, as we all know, they’re just looking out for our best interests, right? And of course, the fine print is always written with our well-being in mind. 😏
I mean, who wouldn’t want to be a model citizen, dutifully obeying every little clause, crossing every ‘T,’ and dotting every ‘I’ just to make sure the big guys are happy? ‘Yes, sir! I promise I won’t rent out my RV! Please don’t cancel my insurance! I’ll be good, I swear!’
After all, it’s not like these massive corporations and the government have ever been involved in anything shady, right? Nope, not at all. They’re the paragons of virtue, and we should all aspire to be just like them. But hey, thanks for the reminder! I almost forgot to double-check my documents and make sure I’m still a loyal subject of the insurance kingdom. 😜
@@AlexRoseTravels You do have a choice Einstein. Break the law and go to jail. Just because your happy go lucky you should want other people to follow you over the cliff. Don't buy insurance and except all the risks. You need them they don't need you. Try and remember Einstein when people file claims it is they who pay out more than you ever paid them. For me I will follow the rules and let insurance companies take all the risk and I will pay their premiums so I don't lose all I've ever work for.
@@cruz47144 🐑
What a great video!! That RV looks amazing
It really is! Thanks so much!
Hey Malcom! Seriously, we love our Ford Transit Chassis! What kind of unit do you have in mind?
Awesome Video! I live in the midwest. Do you have a suggestion on how to continue to get bookings in the winter when the demand is low? Any thoughts on consignment options to warmer places in the winter or site sharing?
Hey Tara! Few ideas:
- Winterize your unit
- Offer discounts for longer rentals
- Promote your unit rental on local websites or Facebook market places
You can also relocate in warmer climate if you have a friend that can rent it for you. Keep us posted about your RV rental journey :)
Thanks
You're welcome!
What camper van would you recommend to purchase to rent out. Would you buy a 2020 Ram with 78k miles
I'm looking at buying a holiday rambler class A motorhome. Can I rent out my motor home on air b and b by parking it on a cheap RV lot ? Snowbirds ? I work seasonal so I'd want to rent it out for the snowbirds.
Great video, how to you manage set up and delivery of the unit if you have a travel trailer?
Hi Todd! Thanks for your message. The renters usually come wherever you decide to pick up the unit, can be your house or anywhere else.
Owners usually offer delivery options with different prices accordingly to the distance. Does that answer your question? :)
Great video! Thanks for sharing. I stumbled into your video when I was trying to see if anyone was renting travel trailers month to month as a business. I live near Houston Texas. What kind of vehicle would you recommend to start as a business? I'd been considering a Class C or a Fifth wheel? Thanks!
Hi Elizabeth! Thanks for your message :) The best way to get an overview of the market in your state is to a little research on RVezy and Outdoorsy in your area. Look at the unit types and if they seem to be fully booked or not. Good luck in the this adventure!
Great video! How time consuming is it to rent your RV? Talking about cleaning, pick ups, deliveries, ext. How many hours per week are you spending on this revenue stream?
Really good question, well it depends of the lenght of the rental. If you rent for 4 weeks, it will probably take 4-5 hours to clean, prepare and do check in with the renters. If you rent only for 2-3 days at the time, you will spent 4-5 hours every time you rent. I hope this answer your question :-)
@@NomadJunkies Thank you so much! I want to get into it but I have a full time job so if I go ahead, I might ask for a minimum amount of days to rent it :)
Hello! I am interested in doing this, but was wondering if it’s necessary to have a relatively new camper? Is it still profitable if your camper is older but in good condition?
What personal insurance do you use? Most insurance companies in Canada don't want to insure you if you want to rent out your rv or travel trailer?
They won’t insure my 2007 sprinter, also 2 rentals in and they the renters destroy your home! It’s not safe by any means, the 2nd rental a lady side swipes the door leaves it at a gas station and leaves it. Now we need a night hours tow which is expensive. She used her own insurance and we have it but what a nightmare. Every rental people are trashing it, not just me but many have had the same stories. I now in 3k debt out of my own pocket. It’s not all roses and your lucky they don’t trash it.
Hi there, you can look at Outdoorsy they insured older custom sprinter : nomadjunkies.com/en/rvezy-vs-outdoorsy-which-service-is-best-for-owners-renting-out-their-rvs/ In my experience, when we had renters breaking stuff we always got the insurance pays us back for the repair with both Rvezy and Outdoorsy.
@@NomadJunkies thanks I’ll look into it, who’s insurance the renters or yours? Outdoorsy seems to say many people aren’t covered and you have to work it out with the renter.
Thanks for your sharing. It's helpful to me and now I have confident in the rv rental. I have a question that are we able to set the difference price for peak season and low season? If yes and how? Thank you
Hey Emily! Yes you can and should put different price. In both Rvezy and Outdoorsy, you add “Pricing Rules” and increase the price for public holidays or any high season time period. You can try it here : nomadjunkies.com/go/outdoorsy-en-owner-sign-up/
This was so informative! Is this $4k a month net, cash in your pocket? Or is $4k gross, before any expenses come out?
Hi Pauline! Thanks for reaching out! It’s gross before the expenses. For taxes purpose, we keep all our expenses receipts, so all the regular maintenance cost and even the interest on our loan are considered expenses. We only pay taxes on the profit.
What city/city’s would be best for year round rv renting? Maybe a good video idea.
Great idea! Probably Texas, Florida, Arizona :) we’ll keep that in mind for future videos
Hey Blake! There is actually a calculator and you could find out per city and per type of unit how much you can make, you can try and play with it: bit.ly/calculator-rv-money
How critical do you think your location is to being successful? Is it important that you are nearby attractions people want to go to? We are in Omaha NE and it’s not a destination for people to fly into, so I’d think it would just be the local population taking an RV on trips to other cool places…
You could be surprised how in less touristic areas, there is a pretty good market. Maybe your neighbours want to rent one for a roadtrip. In less popular destinations, you have less competition, so it can actually a good thing.
Hello again Matt! There is now a calculator to find out how much you can make per city and unit type, that may help you: bit.ly/calculator-rv-money
Amazing video. Quick question, how much do you make per 1000 miles on average? Have you guys done any math like that as far as the longevity of the vehicle and how
Much you make on it ?
Hey John! Really good question, I was not able to the math, it's quick tricky. It is definitely something to keep in mind, more mileage will devalue the unit. Trailers are a good one, because no matter the mileage, the value won't go down. You can make test on this calculator to find out how much you can make by type of unit: bit.ly/calculator-rv-money
Hey good morning
I was wondering what year does the camper need to be so I can rent my own RV in the RVEZY??
Thank you
Hey Cesar! Nice to meet ya! Thanks for your message. I hear that the units need to be recent with Rvezy. You can easily create your profile here : Rvezy nomadjunkies.com/go/rvezy-owner-signup/
If the unit is too, you will see a message while creating your profile. You can easily reach them to.
Another tip will be to create a profile on Outdoorsy, I heard they accept older models : nomadjunkies.com/go/outdoorsy-en-owner-sign-up/
Keep us posted man 👏
Hi! Would RVeazy fully manage your RV if you live abroad? I mean, would they take care of storage, delivery, cleaning, etc. for an extra charge if you are not there to do it on your own?
Nooo unfortunately they won't, I don't think it's part of their business model. For Airbnb (apartment rental), eventually some other businesses like Luckey (whish was later bought by Airbnb) was doing the concierge service, taking care of the keys, cleaning etc. I beliebe we are few years from that with the camper!
Love it. Does a transit / sprinter rent better than a 24' class motorhome?
Hi there, it really depends of your location. Where are you located?
@@NomadJunkies I'm in Raleigh, NC. One hour from the beach and one hour from the mountains.
Hi again, it’s hard to say but you can compare the nightly price per night you can make using this calculator for each transit / sprinter vs 24’ motorhome. I hope that will help : nomadjunkies.com/go/outdoorsy-en-owner-sign-up/
When it comes to filing your taxes, do you know of a site that talks about Canadian taxes and expenses that can be claimed?
Where can we find a park that will let us keep our RV for long term in GA to rent out?
Hi Beth! Maybe you can check on Airbnb, RVezy, Outdoorsy where are the locations in GA of the units that stay in RV park. :) keep us posted if you find another way to get this information
@@NomadJunkies we called and asked outdoorsy and they didn't know. We bought a class c so, hubby is comfortable with letting someone drive it verses a class a.
Sounds more like an overly-optimistic ad than a realistic account of experience.
why is that?
I'm looking to buy 2 or 3 RV's and rent them out to airbnb for 6-10 month travel nurses, what are the basics I need to know
That’s awesome that you make up to $4000/month! What would you say your avg monthly is. Considering the different seasons what is the average?
We only rent 6 months per year during summer. 4k is the average :)
Hey Raina! Which type of unit do you have in mind? You can try different model on this calculator and find out your possible income: bit.ly/calculator-rv-money
Hi! Thanks for the inf. What do you think about NJ and NY area to start renting my RV?
Oh yes for sure! You can look at similar units to find out the rental price.
Hey Berelin! There is a calculator now you can try to find out per city and unit type how much you can make: bit.ly/calculator-rv-money
Ummm, did I hear correctly? You only receive the 2nd half of your payment if the renters leave a review!?
Hi Christina! Yes it was like this, but they just changed it I heard. So it's not the case anymore, wayyy better!
Whats up fellow nomads
Heyyyy 👌
Are there bad seasons like weeks or days out of the year that your RV just sits and isn't making money?
Sometimes, if I get a cancellation, it may happens, but I still get a part of the money of the booking cancelled.
Hey! I’m trying to find some VA’s to help in my business. Is this a VA answering all the questions for your channel? (VA=virtual assistant)
Super informative! However, no peer to peer platform comes close to Outdoorsy. Including RV eazy. I have a strong feeling this is a paid video.
Hi Korey! I understand you prefer Outdoorsy, and we like it too. The best is to use both platforms as we’re doing. :)
It seems almost all UA-camrs are open to share whether or not it’s a paid promotion. What’s the answer to that question?
@@ethanatkinson7239 Hi Ethan, we do affiliate marketing with both platforms :-)
Hes trying to tell you yes its paid without actually saying it. I hate people like this. Worse than a damn politician
@@riptits2894 then get off their comments....
I am thinking about buying a 2001 bumper pull. It’s clean and well cared for, but the body does show age. The price is 5000.00. Does this sound like a good investment? Single mom, hoping to build retirement account and do a little traveling with it.
Hey Aj! I think it’s a great idea to chose a bumper pull instead of an RV because the mileage won’t affect the resale price. You can check out similar units here to find out the average nightly price you can get. Than divide your investment per that number. It will give you the numbee of nights you need to rent it to cover your investmentt. Also keep in mind that you have to add maintenance cost and supplies (ex. Soap or other stuff). :)
@@NomadJunkies thank you so much! I found a smaller and newer one, and i think it will rent well!
I do t currently own a RV. Was considering purchasing for the sole purpose of renting? What like to hear your response? Thx
Hey Phillip! Thanks for reaching out! Of course it’s a good idea some people ends up having multiple units just for renting, it’s like having any type of second income or side business. It’s all about return on investment. Depending on your location, you can forecast by unit type. I suggest you test different type of units from Class B to Travel Trailer to find out the price per night you can charge. You can use this calculator : nomadjunkies.com/go/outdoorsy-en-owner-sign-up/
After you can compare the price of buying the unit divise by the nightly revenue you can make, it will give an idea of how many days you will need to rent it out. :)
Hey
:)
I'm a trucker and I'm switching from local to OTR trucking and will have no need for an apartment or a car. So I'm considering getting a smaller RV for when I'm not on the road, I can use. My question is, are there any services that will take care of the rental and cleaning of your RV for you that you would recommend?
Hi Scott, thanks for your message. At the moment, I don't think there is a rental/cleaning service, but I'm sure it will happen in the future like it did for Airbnb rentals. I can suggest maybe finding a friend or relative that can do pick up and drop off plus cleaning. :-) If I heard about this kind of service, I will get back to you!
Hey
I hope you’re doing good
I was wondering can I still rent my rv if I don’t have the title cause I’m still financing
Thanks!
On the apps that are for renting rvs. Like RVezy. Outdoorsy etc
Hi Cesar, we financed our RV, I don't think there will be a problem :-)
We have an extended warranty that covers everything broken. Are we allowed to use the coverage if someone breaks or damages something while it's being rented out? We still need it if something breaks when we use it, but what about when something breaks during the rental time?
When you rent your RV on Rvezy (nomadjunkies.com/go/rvezy-owner-signup/) or Outdoorsy (nomadjunkies.com/go/outdoorsy-en-owner-sign-up/), the time the unit is rented, it's not under your insurance. I will be RVezy and Outdoorsy insurance. It won't affect your insurance if something breaks during the rental. You will have to lie to your insurance to say you were the one using it when it breaks to claim it under your extended warrranty, and I won't recommend it. Insurance will look for the truth and find out it was rented. But like I said, it's all good, because every rental is covered by the insurance of the platform you rent on. Does that answer your question? :-)
What if i dont want to do the turnaround things?
What the hell is a turnaround thingy?
Does the price depends on how big and small the Rv is?
Hi Jose! Not really, because some smaller RV like Class B (Sprinter for instance) cost more to buy than big RV. :-)
Do you know if the companies you use have a year of RV requirement? For example 2016 and newer or something like that?
Yes I heard that Rvezy (nomadjunkies.com/go/rvezy-owner-signup/) won't allow older RV, but Outdoorsy (nomadjunkies.com/go/outdoorsy-en-owner-sign-up/) accept older model including retro like Westfalia.
So if the renter doesn’t leave a review you won’t get your remaining 50%?
Hi Reju! I understand your concern, actually you will not loose the 50%! We talked to RVezy and they said : ''Renters are required to leave a review for their owner. However, if a renter does not complete this step, it will expire after 7 days and automatically complete the booking. In addition, we reach out to the renter 48-hours after their closeout phase starts and urge them to review the owner and complete the rental. '' You can use the calculator here to find out how much you can make with your unit or a future unit : bit.ly/calculator-rv-money
What a handsome dude
That’s so true!
Hi is it possible to rent out my RV, but instead of giving the person the keys to drive can I just park it like on BLM land?
Really good question, in theory probably, we never done it. Some people will rent it on camp site, but that comes with a price. If you ever do it, let us know how it goes :)
@@NomadJunkies 😂☺️☺️ thank you for replying back to me. I will gladly let you know if/when I do find out.
So if no customer review, you lose 50%? Has that ever happened to you?
Good question! I don't think you will loose it, RVezy will contact them to sort it out for you.
Hi again Gina! We finally got the time to find the answer to your question! You will never loose the 50%! We talked to RVezy and they said : ''Renters are required to leave a review for their owner. However, if a renter does not complete this step, it will expire after 7 days and automatically complete the booking. In addition, we reach out to the renter 48-hours after their closeout phase starts and urge them to review the owner and complete the rental. '' You can use the calculator here to find out how much you can make with your unit or a future unit : bit.ly/calculator-rv-money
@@NomadJunkies Thank you very much for providing this info!!! I’m working up my nerve
This is nothing else than a fuckin commercial
Is this legit?
Hey Pat, it's totally safe to use RVezy or Outdoorsy to rent your campervan, it's basically like Airbnb.
FAKE SMILE ON THIS KID! He knows nothing! There is a learning curve to owning RV's, Boats and in general any big boy toy. Everyone who touches these big investment toys including the owner make mistakes and every mistake costs money not even mentioning stuff just breaks. This is complete BS. Depreciation is not mentioned. Depreciation BY FAR your biggest bill. RV's are not money makers period.
That depends. This guy only rents it 6 months out of the year meaning he probably uses it the other 6 months. So for him to be able to make money on it while he isn't using it makes it worth it. Maybe it's not a good investment for those who don't plan on using it at all because they will only be covering depreciation.
Hi Bruce, I'm Emilie, the co-owner, I will answer this one. You are right about depreciation, it is something we keep in mind, our extra mileage was too low at the beginning, so not good for 2-3 weeks rental, but we charge more now for extra mileage. We've been renting it for 2 years now, 6 months each year, going on our 3rd summer. If you want to make a living out of it, it's another game, but definitely doable. If we had to get 100K income a year, we will probably buy Travel Trailers to rent, because the depreciation is way less because mileage doesn't count. We will probably aslo buy and rent converted mini-vans because they rent for as much as big units and they are wayyy cheaper to buy. Personally, I don't want to travel in a mini-van with a bed in the back (I did it in my 20's in New Zealand), I like more comfort now. And yes we do use our unit 6 months of the year so it's not the purpose to make as much money as we can, it's more to covert the cost and a little extra money to travel too.
@@chrisdela Thanks for reply, exactly it depends what is your end goal. We enjoy using our unit a lot! :-)
There is no way you are making 4k with 1 trailer. Im calling super bs.
Hi there! It’s obviously not a trailer, it’s a 90k $ Class B, you can check the rental price per night. Usually it’s around 200$ a night, if it was rented 30 days per month, it will be 6k$ a month… but we don’t rent it full time and we have lower months