RV Rental Business - Tips to Generate Cash Flow w/ Robert Leonard (REI097)

[@TheInvestorsPodcastNetwork]

On Real Estate 101, I talk all about investing in RV rentals by walking through my experience with my first RV rental investment. I discuss why I got into RV rentals, different types of RVs there are and which are best, how to determine if there’s demand for RV rentals in your area, how to finance an RV, and a bunch more! What is your take on RV rentals? - Robert IMPORTANT: Please beware of cyber scams & phishing attacks. We have received reports of fake accounts claiming to be affiliated with The Investor's Podcast Network or posing as one of our hosts. Please help us report those suspicious accounts. We will never reach out to you for any business or investment opportunity. Stay vigilant!

[@psimoes0331]

Let me know if you want to rent it out in Virginia Beach area, I'll partner with you.

[@marcoscaligaris3110]

Good info, I started my RV rental business a couple years ago, currently have 3 travel trailers, it’s been a blast most my rentals are to local campgrounds which I offer delivery

[@GOD.WINS.777]

Do you just get a flat monthly fee from the campground and they handle the boring stuff like checking in/out, cleaning etc.?

[@qunee9812]

Hey I'm trying to invest in RV rental can u send me info like how to start please and thank u 🙏❤️

[@brandonshealy]

Great podcast. Very informative. I will add that if someone chooses a pull-behind trailer, you don't have the amount of maintenance that you have with an RV with an engine / transmission. Also, there's a wide range of sizes / types. Some of which can be easily pulled by even a small SUV, small pickup, or car. A lot of them rent out often, and the age isn't as much of an issue.

[@brettelizabethspore]

Do you rent out towable? This is a direction we are seriously considering as we think there would be a good market for that where we live.

[@brandonshealy]

@@brettelizabethspore Not at the moment, but it's something I've been considering doing this coming year.

[@brettelizabethspore]

@@brandonshealy Nice. Hope to hear how it goes for you. Best of luck!

[@brettelizabethspore]

Great video. This was the first video of yours that I stumbled across. I like the format and you seem to be good at telling your story and sharing information.

[@ericbuchta9765]

Is there a cut off on the age of the camper

[@johnnygigantor]

Did you ever find a spot in the Carolinas? I have 15 acres

[@danielhuellbusch]

Great pod cast. Glad it’s going well so far!

[@Socialmediacowboy]

Hey dude very useful, need an update on this season!

[@ElizabethGalarza1]

Very interesting business, thanks for sharing your knowledge. Do you use an entity like an LLC for the rentals?

[@psimoes0331]

i was wondering the same thing. I'm thinking about adding an RV to our STR/MTR LLC business. Not sure if I should get a separate LLC.

[@brettelizabethspore]

@@psimoes0331we haven’t launched yet, but our CPA said do a separate LLC for RV rentals due to risk exposure protection.

[@rightright6582]

What rv did u buy, used new , year?

[@eamoeyt]

Thanks info I needed! I’m very interested in renting my class c. You’ve been an inspiration!

[@jasonhenkel8977]

Hi Robert, I'm a big fan of your work. I'm also looking to get into RV investing. I would love to hear more about where you are with this business now, and any tips you have. More than happy to compensate you for your time.

[@andrewharward7055]

What is your strategy to combat depreciation? Are you planning to hold your RV until it reaches a certain age or mileage?

[@Socialmediacowboy]

From what I understand you have about 15 years to use on the platform so that is your sell age

[@psimoes0331]

I doubt there is much you can do to slow down depreciation on an RV; they depreciate like a rock. Keeping up with maintenance and repairs should keep 'value' but the depreciation will still be plummeting.

[@oldcarproblems3332]

I've been thinking about buying an RV to rent also. With regards to getting spammed by you renters, I've been thinking about making a video showing how to use each and every feature of the RV and uploading to KZbin. That should answer 90% of the clients questions.

[@bobtraweek1414]

Thanks for the information - great overview!

[@TheInvestorsPodcastNetwork]

Glad it was helpful!

[@77chillin07]

Robert, thanks for sharing this. I was thinking about doing this with Sprinter Vans (empty ones) that people can rent and go. Any thoughts?

[@TheInvestorsPodcastNetwork]

Hi Andrew, Sprinter Vans can be a good option, but may not be the best. They typically are very expensive to buy already built and they don’t draw a premium for rental rates. It also has a limited customer base that could hurt demand. There are generally better options, but Sprinter Vans can certainly work. - Robert

[@77chillin07]

@@TheInvestorsPodcastNetwork Thanks for the information Robert! Keep up the great work on the shows. I have seen every one and try to spread the good news about the podcast.

[@SkarneZ]

Wow really cool! Great style of episode and amazing info thanks!

[@TheInvestorsPodcastNetwork]

Glad you enjoyed it!

[@tylerdooley7726]

Thank you for this, lot of good info.

[@tomshanteau9290]

This was very informative. Has anything changed with your thought of this being a viable rental type property since this was made or is it still strong? I am in Pensacola Fl and thought of getting a used class a as a rental but didn’t know where to start. So this was helpful. I would love to know more.

[@therookiesplaybook]

How much did you know about trailers before you bought? Did you know what issues to look for before buying? Did you have an independent mechanic look it over? I would like to do this, but know very little about the inner workings of RVs, roofing, electrical systems, etc.

[@skesno309]

Great podcast today. Enjoyed it and thought provoking

[@TheInvestorsPodcastNetwork]

Thanks for listening! :)

[@heads_together_crypto2422]

We are glad you got dressed before driving to the dealership. Why didn't you point the airbnb inquirers to your outdoorsy listing? Do the rv rental third party agencies manage bumper hitch and fifth wheel camper or only class C? Do they have age restrictions for the campers they'll manage?

[@prophetseven728]

Those Plateforms do take 20% and than take another huge chunk out of the Renter too. So it like they are dubble dipping. Taken 40% Which sucks. Not only do you make less. Less people will rent it because. The finally cost is much more than what was advertised. Just FYI

[@WildRoverBozeman]

The platform fees really are crazy! 25% gets taken from the owner of the RV. Then the customer pays a 20% service fee. And none of those fees include the insurance the customer needs to pay. I am currently working on building a system so I can directly rent my rig out off platform. It’ll just make it cheaper for everyone. Save the customers money and make me a good chunk more as well.

[@psimoes0331]

At the 30 minute mark, he mentioned that you can not use an RV in the winter, which is not accurate. Some, not all, RVs are what as known as 'All Season' or '4 Season'. The design on these is a little different, specifically the under carriage area will be enclosed and have insulation. You'll know it is 'all season' if you look underneath and you don't see all the pipes, it will have panels that make the under area flat. Additionally, the RV will have the ability to keep the tanks warm; there will be switches inside for tank heaters. Now, if someone is boondocking in the winter you have to be congizant of the requirement for electricity to keep your tanks warm.

[@joaquinsanchez7201]

Thank you so much for sharing all these insights... how has your experience been with Stripe and RVshare regarding deductions on your bank acc?. Any bad experience?

[@SerenityNow4K]

Hey, id like to connect. im about to purchase a class b for renting while i am away as a slow traveler/data scientist. would be great to chat, lots of questions and kinda nervous, and maybe i can help you with your project. maybe we can use some machine learning to investigate your theory? Whats the best way to setup a call?

[@MsMichael200]

How would an older trailer do. Possibly 5-10 years old as long as it’s clean. Seems like they depreciate so fast the profit margins would be better if you bought several with cash.

[@prophetseven728]

What Insurance company did you go with? Since it is a Commercial Vehicle.

[@psimoes0331]

I'm curious about the type of insurance as well, since it is used for a business.

[@Dakid2508]

I'm in Conway, right outside Myrtle Beach SC. Let's chat about moving your RV this way.

[@qunee9812]

How is the RV rental in Conway? Send me some I fo plse.

[@Makeit996]

There is absolutely no money in the r v rental business.You'd be lucky to cover your insurance and payments in one year.

[@qunee9812]

Can u explain more about it plse.

[@tymofiizhemchuhov9338]

There is big money dude

[@Makeit996]

@@qunee9812 Big money you mean a few $100 a month question mark I had 5RVs. On all the different platforms so don't tell me that there is a big money in it

[@TheBethRoszman]

Do NOT rent out ur RV!

[@martinlutherkingjr.5582]

Seems like a lot of work, easier to just buy Bitcoin and sleep at night.

[@yvren4956]

How’s that working for you, Dr?

[@psimoes0331]

There are some benefits to owning an RV, like taking the family on a weekend trip. I haven't seen Bitcoin provide my family a place to sleep at a campsite, lol. Investing is important undoubtedly; however, owning an asset that will generate revenues and provide tax deductions is helpful for building wealth.

[@martinlutherkingjr.5582]

@@psimoes0331 It’s more helpful when an asset doesn’t generate income. No income = no taxes = better returns long term.