Like the title says, we are thinking of doing this to help subsidize the cost of owning an RV. Does anyone do this and that would be willing to pass along any advice?
CanyonAg77 said:
I don't rent my RV, but my observation from owning one is:
RVs are not built very well, and even a new one will have things broken or mis-installed
Every trip, we manage to break something, sometimes minor, sometimes major. A tree limb to the roof was one of the major ones, as was the blowout that took out a big hunk of sheet metal on the side.
People treat rental cars like crap, I expect rental RVs are no different
I can't imagine how expensive the property and liability insurance is for a rental RV
If you aren't handy and willing to fix the minor repairs yourself, don't even consider it.
I might consider renting an RV, if I lived near a state park, and I took the RV out, set it up, and retrieved it myself
Quote:
.it paid our note for the year
CanyonAg77 said:Quote:
.it paid our note for the year
I'm going to channel Dave Ramsey here, and suggest that it is not wise to make payments on a vehicle that has such an insane rate of depreciation from new.
And I realize a Casita is a different type of RV, and not one of the McMansion size, highly complex rigs.
I'll go double Dave Ramsey and say it's freaking insane to rent out an RV you're making payments on.
Glad it worked out for you, but I'd sooner give whisky and car keys to a 16-year-old heterosexual male.
Zut alors! said:CanyonAg77 said:Quote:
.it paid our note for the year
I'm going to channel Dave Ramsey here, and suggest that it is not wise to make payments on a vehicle that has such an insane rate of depreciation from new.
And I realize a Casita is a different type of RV, and not one of the McMansion size, highly complex rigs.
I'll go double Dave Ramsey and say it's freaking insane to rent out an RV you're making payments on.
Glad it worked out for you, but I'd sooner give whisky and car keys to a 16-year-old heterosexual male.
To be fair, my Escape (similar to a casita, but made it Canadia) has appreciated since I bought it since the tariffs have made the new prices go up 10-20%, so I could flip it at a nice profit. But otherwise with most RVs, yes, it's basically a sunk cost and don't expect it to be worth anything more than $0 in 10 years. Lots of fun, and I absolutely love every second it in it, even when things break, but you have to know what you're getting yourself into.
I'd buy it again in a heartbeat.