Keeing van to use as a rental

Discussion in 'Motorhome Chat' started by errpaul, Jul 28, 2010.

  1. errpaul

    errpaul Funster

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    I have come up with the (hairbrained some might say!) idea of possibly keeping our current motorhome (if we don't get the right price selling) and renting it out.
    I have done a little research and there are rentals which are older models (ours is a 1999), so I would guess there is a market.
    Has anyone ever rented theirs out?
    Benefits and pitfalls?
    It wouldn't be 'our' van any more and would be kept purely as a rental, using the income from this to pay towards our new one rather than the cash from selling it.
    Are there agencies that hel out with everything?

    Basically.....good idea or am I being silly again:Blush:
     
  2. JJ

    JJ Funster

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    I am guessing here... I don't know anything... but I reckon what you get out of the project will reflect what you are willing to put into.

    If you arrange all the advertising, meeting and greeting, cleaning, servicing and are good at handling the stress when one client is back late while the next one is ready to go then I am sure it could work out... but if another business does all this I can't see there being much in it but remember I know nothing!

    I guess there must be a host of regs covering insurance, taxes etc etc...

    JJ

    PS... IMHO people never treat "rentals" with much respect...

    I have my fingers crossed that someone is just around the corner and about to give you top dollar for the van and you can avoid all this thinking! :Wink:
     
  3. Jim

    Jim Ringleader

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    Lyndon, one of our members rents out his motorhomes, (he has two) He earns good money, but I know that once or twice he has had to keep deposits because they came back trashed or with bits broken.

    There are quite a few agencies, just do a google search but there are some rogues among them, due diligence is a must.
     
  4. Frankguard

    Frankguard Read Only Funster

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    When I first decided to give motorhoming a go, I looked around to hire one and was contacted by Motorholme.co.uk and they offer to do everything in setting you up. I didn't take them up on their offer but still have the emails. Have a look at this
    www.motorhomesecrets.co.uk

    The guy to contact is Steve Moss.
     
  5. jaygee

    jaygee Funster

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    We met Gill & Arran (Outdoorgirl) at Pitlochry in May. They have a van which thet rent out in the summer months. I think they use an agency so try to contact her she may be able to give you more info. They didn't seem to have any problems doing this.
    *** Hello Gill & Aaron****
     
  6. BobProperty

    BobProperty Read Only Funster

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    The one thought that comes to mind about this is insurance and breakdown insurance. I'm having a lot of fun trying to get European cover for my van because of its age. I think I will be sorted with CC&C now. However, you will be doing this as a business so it won't be cheap.
     
  7. mikebeaches

    mikebeaches Funster

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    Keeping van to use as a rental

    Hi

    Last year we helped a friend who purchased a new van for the express purpose of renting it out. He registered with 3 different agencies and we looked after the practical end - storing, cleaning and sending the van out and checking it back in. We also had to liaise with the agencies.

    We have now bought a motorhome for our own personal use, but we learned a lot from the experience of looking after the lettings.

    The largest agent was based in Cambridgeshire, but we didn't rate them. The best, from our perspective, was Southwest Motorhomes - http://southwestmotorhomes.co.uk/ - based in Illminster, Somerset. I think it is a family business run by Sarah and Ron Foord. We found them generally professional and very responsive - which is what you need as an owner. The one based in Cambridgeshire was usually difficult to work with and uncommunicative when assistance with insurance documentation etc was required.

    We were surprised just how many lettings there were in the first year, although it was a brand new van. Southwest Motorhomes came up with the most bookings too. And we met plenty of nice folk. The most difficult part for us was checking the van back in to see if there had been any damage and then pointing it out to the customer. It's surprising how many things there are to look out for. Fortunately, we didn't have anything too major, but there was usually a nick here or a scratch there - particularly when rented out to families. However, it is a business opportunity we might consider for ourselves in future - but only with a vehicle we weren't too personally attached to.
     
  8. Johns_Cross_Motorhomes

    Johns_Cross_Motorhomes Trader - Motorhome & Accessory Sales

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    A lot of hard work and insurance if you can get it, expensive.

    We have six hire vans, all have to be handed over like a new purchased van, cleaned, valetted after every hire, damage and faults rectified etc etc.
    Anything over three years old is difficult to get 'recovery insurance'

    In comparison to whats available elsewhere including privates, you van is a bit long in the teeth for hire at good rates, 11 years old and leggy, might be a nice van but it wont command high rentals.

    Just my thoughts

    Peter
     
  9. scran

    scran Read Only Funster

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    renting

    would never rent ours in a million years what about bad drivers clutches gearboxes parking fines etc etc then insurance would be pretty high for renting out loads of stress
     
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