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(BPT) - Have an RV, campervan or trailer sitting idle in your driveway? While you may have originally intended to use your RV throughout the year, a recent study by Go RVing found that most people use their RV only 20 days per year, on average. That means your RV sits unused about 345 days every single year — when it could be making you some serious cash. In the past year, travelers looking for RV rentals have increased exponentially, thereby boosting the wealth potential of your RV. Once you’ve learned how to rent, you could turn your RV into a great side hustle, or even a full-time business. And it’s a lot easier than you think.
RVing has become a booming industry over the past decade, with more people enjoying travel on their own terms by either owning or renting an RV. The popular RV rental platform Outdoorsy was already seeing 100% growth in RV rental bookings year-over-year before the pandemic hit, but since the start of COVID-19, interest in RVing has been skyrocketing. More people than ever before are checking out of hotels and into RVing as a great way to travel safely and stay self-contained in today’s environment, only to discover just how fun it can be to see the country in a whole new way. The platform has seen their bookings increase by more than 300% since the pandemic began, and this surge shows no sign of slowing down.
How much can you earn?
Income from renting out your RV will vary depending on how long you rent it out, the type of vehicle you own, how many vehicles you own, and where you live. But on average, RV owners listing on Outdoorsy made up to $36,000 per year for each vehicle listed on the platform. The highest grossing owner with a single vehicle made nearly $42,000 in 2020, and the highest grossing owner on the platform with multiple vehicles made nearly $2.4 million.
Here are some tips to turn your RV into a top money-maker:
Interested in earning extra income? Learn how to rent out your RV at Outdoorsy.com.
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