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.

5 good reasons why your family should buy an RV

It has often been said that the happiest days of a boat owners life is the day they buy and the day they sell. We’ve all hear this saying, and many of us have heard this same expression applied to RV ownership… and for good reason I might add. So, how can I make the argument that you should buy an RV, and at the same time agree that RV ownership is a kin to a boat anchor?

I’ll give you 5 good reasons why more and more smart buyers are employing this vacation rental strategy for their families.

Reason #1 – Camping is fun!

P1010058

It’s always at the top of the ‘fond memories’ list when you ask anyone, young or old, about their most favorite vacation. The bond that families develop while camping is very powerful, especially when you limit the electronic distractions and focus on each other.

Reason #2 – State and National Parks

There is no better way to see and experience our national treasures than to camp and hike them. And if you’ve ever been hiking or tent camping, you know how restful sleeping on the ground can be. Try a high tech memory foam mattress inside a warm camper. It won’t disappoint. You’ll be rested and ready for that hike to half dome if you’re camping in comfort.

Half_Dome_Yosemite144

Reason # 3 – Vacation savings

Not only will you and your family experience the best vacations of your lives, but it can also be the least expensive. Most RV vacations include steep savings over hotel stays, eating out at restaurants, and those high cost tours and amusement parks. Compare the cost of fishing, hiking, boating, or a campfire to your average resort or theme park activity.

Reason #4 – Extra Income

The smart money is on turning your new purchase into a revenue producing cash cow. For most of us, vacation time is limited given jobs and normal demands on time. So instead of letting the RV sit idle while you’re at work and the kids are at school, put that asset to work and share it! Peer to peer sharing sites such as RVPlusYou are amazingly simple, effective, and make RV rental easy, safe, and profitable for any RV owner. From the do-it-yourself RV owner who wants to handle each rental transaction to the hands off owner who wants someone else to manage the process, there is a solution for all.

Reason #5 – Tax Benefits

Most RV’s are vacation rentals on wheels in the eyes of the IRS, they certainly cost as much, and by renting your RV you are essentially engaging in a business activity that allows significant deductions. Some great information can be found in this article on vacation rental deductions. Do your own research and consult with your tax professional, but even a casual glance at the possible deductions will reveal major tax benefits that deserve serious consideration.

Tax-Deduction Pic

Be a smart RV buyer and owner. Do your research and planning, then execute on starting your RV Rental business!