So I can already hear the opposition to this idea and I understand where it's coming from, but has anyone rented out their RV/Trailer/Camper?
Of course I'm worried about damage, wear & tear and general misuse of our 2021 Rockwood as it's pretty much brand new. But at this point, our camper was purchased as my home away from home while working, but thanks to a job change, I'm no longer traveling. Our payment isn't really a burden, but if we can make 2-3x the payment per month and get it paid off that much sooner, that would be nice. I don't see us using it more than 4-6 times per year, the rest of the time it's just going to sit on the side of our house.
I'm looking at
RVShare.com, renting thru them includes up to $1M in liability coverage, up to $300,000 in Comprehensive & Collision Coverage & Free 24/7 Roadside Assistance & Free Towing and Tire Service. The renter also pays for the insurance coverage out of the cost of the rental.
I think I'd also add an extended warranty thru Good Sam, to help cover any issues that arise with use that aren't covered under the rental insurance. I'd be pretty picky with the renters, I believe you can agree to rent to someone based on their reviews & turn down people with bad reviews. I'd try set a minimum amount of nights (3 or so?), etc.
Looking around, I think $150/night is a pretty fair price. With the value of our trailer, $18/night would go to the insurance, meaning $130/night would be ours. Two nights would cover our monthly payment.
So.... bad idea?