The smart way to upgrade, or purchase your next RV…

Kim's Airstream Rental, Palm Springs CA.
Kim’s Airstream Rental, Palm Springs CA.

You can fund your next upgrade or brand new RV without taxing the family budget. How is this possible? We all know how expensive it is to purchase, own and operate an RV-monthly payments, insurance, storage, fuel cost, maintenance and repairs. The list goes on, so how in the world can you upgrade or even buy a new RV without breaking the bank?

Answer: By sharing your RV with other families, for a fee, you can finance your next dream coach and all the associated costs that go with it.

Kim's typical party set up for his guests.
Kim’s typical party set up for his guests.

To be sure, it’s not for everyone. In fact only about 1 in 10 RV owners would actually consider renting their “baby” but without a doubt it is the smart way to purchase your next rig. And it’s not as hard as you think.

Peer to peer markets are blooming all over the world, and sharing your RV is just one way to make this happen. Example; RVPlusYou offers a turn-key solution for earning extra income from your RV, and it’s safe; your renters don’t drive or tow your RV!

In a recent blog post I outline the 5 key reasons why every family should own an RV. The first three reasons are a no brainer, and no doubt this audience already knows the benefits. However, reasons number 4 and 5 may surprise you: income, and tax benefits. I highly recommend that you read this post, and then visit RVPlusYou to learn more.

What about the RV rental business? The biggest difference between renting an RV from a private party on RVPlusYou, and renting from one of the big 3 RV rental companies (besides price) is amenities and service.

The big RV rental companies will find it difficult to compete with you on either price or amenities. So, do it right and you’ll be able to rent your rig all season long, or if you prefer, just a few times a year. Earn enough for your next trip, your next mortgage payment, or enough to cover your kid’s living expenses for college next month. Just make sure you do it right. After all, this is a well established, professional industry so treat your business as such and get the details right.

Speaking of details, nothing is more important than getting the details right when renting your RV to someone, especially a novice camper. By including those little things such as coffee, sugar, paper plates, or trash bags, you have just set yourself apart from all the other rental companies out there.

Kim's rental delivered, ready for check-in
Kim’s rental delivered, ready for check-in

By truly hosting your guests with an RV rental that is delivered and setup in advance of arrival, you not only greatly reduce the risk of damage, you create the opportunity for new RV’ers to get outdoors!

RVPlusYou has great information and a checklist that will help you think about what to include with your RV rental. Remember, it’s the experience that you are providing and the amenities that you include may make all the difference between just an okay experience for your guest and a truly fantastic one.

Attention to detail, impeccable service
Attention to detail, impeccable service

What does a great listing look like? One of our newer RV Hosts, Kim, recently posted this listing. From profile, to pictures, description and details, Kim knows what it takes to satisfy his guests. There is complete support from the team at RVPlusYou along with helpful hints and their RV Rental Playbook.

Want to rent, earn extra income, reap tax benefits but don’t want to do the work? RVPlusYou has a solution for you: Concierge Service Providers (CSPs). All across North America folks who have experience as hosts are learning about the opportunity to become CSP’s, individuals who, for a fee, will deliver your RV rental, check in your guests, provide maintenance/cleaning, etc.

A turn-key solution to your next RV upgrade or new RV purchase is out there, and who knows, a new business opportunity may be born from your passion and willingness to explore more than just the open road.

America, land of the free… Are we really free?

freedom_quoteI recently read a blog post that inspired this one: True independence – Does it exist? The author poses a good question which I applied to my own long held opinion that freedom rings a bit hollow if you’re saddled with a mountain of debt. I’m not bagging on capitalism by any means. A free market system is an absolute requirement for any hope at freedom anywhere, and there is no better role model to the world, or place to live, than the United States. I’m simply asking how free can one be if we are working like a dog night and day just to pay the bills each month?

My major was business economics so my perspective on freedom tends to come from a financial viewpoint, which I believe drives most of the major decisions we make in life. At the age of 18 I made my first credit card payment for a motorcycle that I couldn’t afford? What in the world was I thinking? Why didn’t I know better? Why didn’t someone stop me? Oh yeah, I didn’t know better and I was free to make that dumb decision.

That was then and I’ve since recovered from youth, learning along the way, observing our nation’s debt pile up and incomes stagnate. Not only is our national debt growing out of control, each citizen owes an estimated $56,660 (1) thanks to our free spending representatives, but families too have racked up so much personal debt that a dual income home is now a requirement just to eek by. Whew, what a downer and I haven’t even gotten to the student loans!

Speaking of student loans, WHAT THE!!!!? The ave household owes $32,264 (2) in student loans and this figure is growing out of control. So, question: Should we as a nation be encouraging this much debt for our kids, many of whom haven’t even settled on what the want to do? Our government makes it so easy to take out enormous student loans, over $1 Trillion (3), more and more to acquire low level or unmarketable degrees. Are we asking any tough questions here?

I’m not knocking education, or even questioning the value of getting your degree, but I am questioning the cost/benefit equation and why we make it so simple for kids to borrow and sometimes party their way through their college years only to end up with a near worthless degree, a mountain of debt, and a low paying job to facilitate the monthly payments? Where is our government? Where is our education system? Parents? Why is society encouraging this behavior? Shouldn’t we be teaching some basics on finances, interest rates, predatory lending, late payment fees, etc? Shouldn’t we be teaching economics 101 to our kids in high school and demand that they graduate with some basic understanding of the way money works, how credit works, and how they stand the best chance to maintain financial control of their lives?

But here we are. The hole has been dug and we find ourselves or our kids or both of us in it. We must stop digging. We must stop borrowing. We must stop buying crap that we don’t need. No matter how deep we find ourselves into that hole of debt, realize that we are all free to stop digging. We are free to make decisions that will one day free us from the the bonds of debt.

Never before has there been so much opportunity to create, to grow, to learn, to change, to improve. Technology has completely changed the old paradigms of capitalism and given each of us the ability to create value from our time, from our skills, from our assets, and from our minds. Conversely, we have the ability to buy only that which we need; a ride to the store, a neighbors help assembling an Ikea desk, or even an RV camping trip. It’s time that we look for ways out of the race.

Knowing that you're actually in it is half the battle.
Knowing that you’re actually in it is half the battle…

A new ‘Shared Economy‘ is evolving and developing right before our eyes and it may very well hold the answer to how we all truly regain our financial freedom. RVPlusYou is but one of many possible exit plans, Uber is another. You can even make extra income doing some side work or by renting your stuff. A great way to explore options is at Peers.

I believe that we have to start educating our kids and ourselves about money and how it works. We must talk about what credit is for and how we can use it responsibly to better our lives, not enslave ourselves to it. We must demand that our government do a better job asking questions about how a student loan will be used in terms of cost/benefit, not borrow/benefit I deserve it now.

We recently had a new customer named Jason sign up and list his brand new 30 foot Coachman Freelander for rent in Sonoma Valley and Bodega Bay campgrounds. Jason is a young professional, in the tech industry, has a wife and two kids. He and his wife decided that camping was the family activity for them, but they didn’t just run out and buy this $60,000 rig without thinking it through. Jason worked out a business plan that included renting this new family activity. He researched his options, looked at insurance requirements, and foretasted revenues and expenses before he pulled the trigger.

Jason did it right and now has a tax write off against his income producing asset. He runs a legitimate RV rental business and enjoys the outdoors with his family when his schedule allows.

I say, way to go Jason, and to you I say go explore…. find the exit!