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Brandon Kessler
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How to Rent RV Storage on my Primary Residence

Brandon Kessler
Posted Jul 5 2022, 00:08

Hi all - My primary residence in Seattle area has an RV storage lot on the side yard and we do not have an RV nor are we planning on getting one so we want to rent this out as storage. Does anyone have experience renting out portions of your residence for this? What contracts are needed or best approaches with making sure to go about this legally?

Any direction or insight would be hugely appreciated as I’m coming into this with basically no experience. Thanks so much in advance!

Brandon

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Bill Brandt#2 Creative Real Estate Financing Contributor
  • Investor
  • Las Vegas, NV
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Bill Brandt#2 Creative Real Estate Financing Contributor
  • Investor
  • Las Vegas, NV
Replied Jul 5 2022, 00:29

Contact your insurance agent. You’re going to need additional insurance for loss and liability. Make sure you tell them it will be someone else’s RV so they can charge you sufficiently. Be ready to make claims against your policy if the RV is broken in to and lose the deductible. So charge enough to cover all that. I assume a broken front window could be as much as a year’s rent. 

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Ronald Rohde
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#3 Commercial Real Estate Investing Contributor
  • Attorney
  • Dallas, TX
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Ronald Rohde
Pro Member
#3 Commercial Real Estate Investing Contributor
  • Attorney
  • Dallas, TX
Replied Jul 5 2022, 07:55

There's a good website for this, StowIt 

otherwise, id just post on facebook, craigslist, etc.

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Michael Haas
  • Real Estate Agent
  • Seattle Investor: 80 Client HouseHacks & Counting! I Own: 🏠7 LTRs 🗻6 STRs, 🏘️3 DADU's
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Michael Haas
  • Real Estate Agent
  • Seattle Investor: 80 Client HouseHacks & Counting! I Own: 🏠7 LTRs 🗻6 STRs, 🏘️3 DADU's
Replied Jul 6 2022, 07:21

@Martin Krimmel is killing it in this arena - I think he makes $500+ / mo. just storing vehicles on his househack / home in Tukwilla. I tagged him so he can pop-in and give advice!