Updated almost 8 years ago on .
Something fun for the holiday.. RV renting!
I thought this was something kind of fun that BP members would appreciate. My wife and I are currently traveling the country in our RV full-time. If you read my profile and new member post you'll get a little more information about that. Anyways, we are out in California at the moment and the company my wife is working for rented us a house here because there were no RV parks available. So basically our home on wheels was going to sit in storage for the six months we were here. Enter RV renting!
Now RV renting has been around for a long time. I'm not reinventing the wheel or anything. But renting an RV is much like renting out a house. You have an application process, screening, a lease agreement, walkthroughs, insurance, and all sorts of little ins and outs! Its actually probably a little more detailed considering how many moving parts there are in an RV. Not to mention its a home on wheels that hurtles down the highway at 60mph. Anyways, we just had our first renter pick up the RV and head out on an adventure to Yosemite.
So whats the ROI you may be wondering? Well just for fun I ran it through the BP rental calculator. I copied and pasted the number below. I don't have the whole month of December booked yet but I kept the calculation simple and assumed a full month rent.
Monthly Income: $4,500.00
Monthly Expenses:$1,125.00
Monthly Cash Flow: $3,375.00
Cash on Cash ROI: 112.50%
Not too bad for a house on wheels!