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Old 05-25-2019, 11:24 AM   #1
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What should I charge to Rent my RV

My neighbor wants to Rent our class C RV. What is a fair rate to charge for doing so?
Thanks for any ideas!!
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Old 05-25-2019, 11:37 AM   #2
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I’m sure others will chime in, but I suspect you’ll be a minority of those that
would do this. How much experience does your neighbour have? How’s your insurance like this idea? What are you going to do if?

There are companies in place for this very idea.

Just sayin’
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Old 05-25-2019, 11:42 AM   #3
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Thanks. He is a very trusted neighbor with experience and is prepared to get an insurance rider on his policy to cover him for the week.
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Old 05-25-2019, 11:53 AM   #4
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Quote:
Originally Posted by kenandterry View Post
I’m sure others will chime in, but I suspect you’ll be a minority of those that
would do this. How much experience does your neighbour have? How’s your insurance like this idea? What are you going to do if?

There are companies in place for this very idea.

Just sayin’
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Originally Posted by Wino8313 View Post
Thanks. He is a very trusted neighbor with experience and is prepared to get an insurance rider on his policy to cover him for the week.

Insurance is the biggest concern. Along with his rider on his policy, make sure your policy allows for someone else that may "borrow the vehicle". Some policies have cheaper rates if only listed drivers of your household are the only ones who drive it. Check yours and change it (temporarily of course) just to make sure you're covered too.

As a "trusted neighbor" & "friend"? I think that whatever the 2 or 4 of you agree on that keeps everybody happy would be the way to go. After all....what are friends & neighbors for.
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Old 05-25-2019, 11:56 AM   #5
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A million dollars a minute.

Not one nickel less.
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Old 05-25-2019, 12:04 PM   #6
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I believe my son in law rented from Cruise America here in TX and it was $100.00 a day plus $0.35 a mile for a Medium sized Class C (5 passenger). There were no extras added (dishes/linen etc.). Someplace to start.
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Old 05-25-2019, 12:11 PM   #7
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Nothing....except to pay for any damage. That will cost him plenty. I would never loan or rent mine out.
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Old 05-25-2019, 12:26 PM   #8
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The vast majority of RV owners would NEVER do this.
There are countless threads like this, with over 90% against such a thing.
Too many stories of family or friends not taking care of the RV and the relationship suffers.
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Old 05-25-2019, 12:28 PM   #9
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Perhaps the best advice comes from Shakespeare's Hamlet... "Neither a borrower nor a lender be; / For loan oft loses both itself and friend."
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Old 05-25-2019, 12:31 PM   #10
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Thanks. He is a very trusted neighbor with experience and is prepared to get an insurance rider on his policy to cover him for the week.
Just some thoughts. If he is as trusted as you say and willing to get an insurance rider, etc. Then I would ask for what 1/4 of what a regular monthly payment would be plus a deposit. If that is too much, then adjust from there.
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Old 05-25-2019, 12:33 PM   #11
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Do not do it. You will loose a friend. Something will go wrong (doesn't it always?). I loaned my brother our camper many years ago. He thought it would be OK to let his best friend borrow it for a couple days. Door handle broke, tire went flat (they didn't notice it for a while). Brother's friend said handle was loose to start off with and tire must have been bad. My brother told me to come get it. They put on the wrong tire and tied door closed. My brother wouldn't talk to me for 12 years when I told him I wanted him to pay for fixing everything. DO NOT DO IT.
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Old 05-25-2019, 12:49 PM   #12
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$10,000 deposit and $100 / day.
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Old 05-25-2019, 12:58 PM   #13
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$150 a day around here with a $500 deposit.
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Old 05-25-2019, 01:03 PM   #14
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$10,000 deposit and $100 / day.
Sounds about right. Based on experience
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Old 05-25-2019, 01:06 PM   #15
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It doesn't matter what you charge as long as you get up front, a cash security deposit equal to the full value of the RV you're renting. When faced with that requirement, nobody will actually rent your RV. Fail to get this deposit and, you WILL get bitten in the butt when your RV comes back damaged.
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Old 05-25-2019, 01:17 PM   #16
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Accepting money for use of the vehicle could make you a commercial operator. If an accident were to occur, your insurance could decline to cover you.

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Old 05-25-2019, 01:30 PM   #17
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You have absolutely no protection. I would require at least a deposit of your deductible, as a minimum after getting an in from both your and his insurance... in writing.
If you want to rent it get under a protection rental service that comes versus all that and does your maintenance.
Seriously DONT DO IT.
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Old 05-25-2019, 01:38 PM   #18
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Originally Posted by Wino8313 View Post
Thanks. He is a very trusted neighbor with experience and is prepared to get an insurance rider on his policy to cover him for the week.
IF you do that tell him to have his insurance company to send to you a copy of the policy with YOU as an "Additional Named Insured".

If something happens, and you , as the vehicle owner, is named in a lawsuit HIS insurance company is obligated to defend you as well as him.

Without that your company may not cover you, (imagine a mechanical fault that causes damage or death to someone else) He would not be the target of the lawsuit, YOU would be.

Personally I would not touch the idea.
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Old 05-25-2019, 01:49 PM   #19
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Wino8313 - Cruise America charges roughly $100/day + a "per mile fee", depending on where you live, and the size of your Class C...

My BFF (63 & single), who I trust implicably, saw our new Sunseeker & sort of "hinted around" about telling her granddaughters (ages 17 & 20) that we just got a new motor home - She said the oldest one asked, "Do you think they'd let the three of us borrow it some weekend, Grams?!" My reply? "Not a ****ing chance, BUT you're all welcome to come with us, anytime!

Now, my sis & bro-in-law?! They've camped w/us twice now, & want one (we have a Sunseeker 2420MS) - I would ABSOLUTELY loan it to them! I've seen how they maintain their home & vehicles, plus when they camp w/us, my sis never sits down, she is constantly cleaning something!

!That said, YOU do what YOU want! If it were me, I think I'd charge probably ~$50/day & NO mileage charges?! Good luck & keep us all posted! Erinn
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Old 05-25-2019, 03:06 PM   #20
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Originally Posted by Wino8313 View Post
My neighbor wants to Rent our class C RV. What is a fair rate to charge for doing so?
Thanks for any ideas!!
Amazing isn't it ? Ask a simple question and everyone chimes in with their opinions, you asked for a fair rate.

You obviously trust your neighbour so that is not an issue. I would probably start with rental agencies and go from there, charging maybe less depending on how many times you borrowed tools from him lol.

I would be very upfront about damages. The difference between a tire blowing apart from natural causes or abuse (curbing etc.). If he is a good, trusted person he should not balk at leaving a deposit with you.

You didn't ask, but I would suggest you spend some time with him behind the wheel. I know I would and wouldn't feel insulted if someone asked me to do same.
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