All Forum Posts by: Mark Wurtemberg

@Bruce C. Check out RVshare. RVshare is like Outdoorsy yet also has an option where you can advertise for stationary rentals. Not sure of the traffic. But worth a shot.  

@Arpan Amin

I think you will enjoy this venture. 

Operational expenses are repairs/maintenance/supplies/registration/cleaning/gas/insurance.

Time varies. Some repairs take time. Some turnovers are faster than others. But there is always sometime to fix and buy. It gets old sometimes. Yet overall it is great. I can park on my property so it is easy to get out and work every now and then. My daughter cleans the RV and it takes about an hour. My boys wash the RV and it takes about 30mins. I have lucked out and very very rarely have questions during rentals. I took a long time writing out directions that really help. I also provide a few videos to help with some items. 

RVShare and Outdoorsy are helpful when issues come up. However, with over 80 rentals I have only had one issue when my heater went out and one insurance claim when a renter hit a pole. The deposit from the renters cover most damages. Very helpful.

I hope this helps,

Mark


 

 @James Singleton 

Glad I can help. Here are my official numbers for 2020.

Income $22,343

Total Operating Expenses $7892

Net Operating Income $14,451

Total Loan Payments $4695

Net Cash Flow $9756

That is $813 per month per door. If $100 per door is a base hit. Would this be a grandslam? (smile) 

@Patrick Sears 

I agree with you. It is a depreciating asset. And no, I have not run all the numbers. There are some big CapExs. Those expenses are within my numbers. Currently I have just the one RV. My family and I love using it. My first goal with the purchase was for it to pay for itself. And that it is doing. I would be happy if in the end this business has purchased an RV for me and my family. I believe at this point if I sold it I would still have a profit. Yet you are correct. The numbers would look very different. 

If I was going to expand this business I will have to look at things differently. I know of a renter with a fleet of camper vans that does this strategy. Purchases van used, about $20,000. Converts to camper van, about $20.000. Rents it out for a year, realizes all the rental income. Sells one year later with still low-ish miles for $40,000 - $50,000. Selling the camper van for more than he has in the van. I like that model. In and out within a year so the resale value is still good. 

I hope this helps. -Mark

@Karen Chenaille

Yes. I do provide a few items. I spent about $1000 to stock up the RV. She my listing here. www.outdoorsey.com/pro/markwur...

@Karen Chenaille

I am in Los Angeles. I park at my house. I use outdoorsy.com and rvshare.com to find customers. I do no marketing. I just provide a great experience and receive great reviews. I do all the checking outs and ins myself, including a walk-through of the RV. I pay me daughter to clean the inside. My son's and I wash the outside. I keep about $2000 in savings for repairs and maintenance. This has been a great way to make an income. I am considering a second and maybe a third RV. -Mark

@Patrick Sears

I think it has to do with how quickly you reply to renters and how personable you are with them. I tend to be an open book. So here are my bookings for this year thus far. 

2/8/20-2/10/2020

5/22/20-5/27/2020

6/1/2020-6/7/2020

6/9/2020-6/11/2020

6/14/2020-6/20/2020

7/5/2020-7/14/2020

7/17/2020-7/19/2020

7/24/2020-8/2/2020 

8/7/2020-8/10/2020

8/12/2020-8/31/2020

9/4/2020-9/7/2020 

9/9/2020-9/12/2020 

9/14/2020-9/16/2020 

9/18/2020-9/20/2020 

9/23/2020-9/30/2020 

10/2/2020-10/4/2020 

11/6/2020-11/8/2020

@Ray Howard

Hmmmm? Ask for forgiveness not permission. (smile) 

I suggest you have the renters bring their own RVs. List on https://www.hipcamp.com/ And/or maybe start with a few RVs/Trailers and also list on outdoorsy.com, rvshare.com and rvezy.com. I have had success with the RV Rental Business. Current Cash on Cash return of 444%.

Mark

@Marlon P.

Sounds great. I would go the RV route. I too would like to rent out on my property. Though we do not have much land, and my wife is not a fan as we have small children. Not a fan of strangers being around. However, if you have a large enough property, I would do it. I have rented a spot from hipcamp.com. I like that concept. I also want to look into harvesthosts.com.

@Josh Hutson

I have rented my RV on both Outdoorsy & RVshare for over two years. You can list on both. Just be careful not to mention that you have another listing on the sites. If you try to encourage your RVshare (75% payout) customers to use Outdoorsy (80% payout) then you can get blocked. When friends an family ask about my RV I always send them to my Outdoorsy site as the payout is better. 

I like using both to gain more customers. The calendars do not sink. You can manually block out the other calendar when you get a booking or just let it ride. On a few occasions I cancelled a 2 night rental on one site for a 7+ day rental on the other. 

I have insurance for myself. I have the renter purchase insurance through the sites for their trip. It is super confusing to me. But truthfully I just haven't spent the time to research. I think they partner with some insurance companies that would give you better rates. And there is talk about a "Binder". Again, confusing. I just do what they suggest and I make pretty good cash flow.  

Thanks,

Mark