The price you charge for renting your RV is completely in your control. If you have a new listing, start by searching for comparable RVs in your area to get an idea of the rates your competition has set. Look at RV type, location, and the amenities offered by owners with similar RVs to you. Once you have an idea of what rates you would like to set, here is a guide on how to add them to your listing.
- Minimal Nites rental – This is the minimum number of nights for which you will accept a booking. Your RV will be shown in the search results for dates you are available, but a renter will not be able to book your RV if the booking is for less than your specified number of nights.
- Nightly rate- This is your starting point for all your rates. Think of your nightly rate as your base rate. When you set your nightly rate, it automatically applies to every single night and is the default rate displayed to renters. Any booking request will take your nightly rate and multiply it by the number of nights the renter requests to get to the final price. Nightly rates are applied for bookings totalling one to six nights.
- Weekly rate – The weekly rate will be applied to booking requests that are 7 or more days. It is common to provide discounts for longer trips. A weekly rate for bookings 7-29 days are calculated using the weekly rate + (weekly rate/7 * number of additional nights)
- Monthly rate – If a renter tries to book for 30 or more days, a monthly rate will be applied. It is also common to provide discounts for longer trips. Monthly rates are calculated using the monthly rate for the first 30 days + (monthly rate/30 * number of additional nights)
|Example Rate Calculations and How Renters View Them|
Nightly rate – $200
Weekly rate – $1,300 ($100 off nightly rate)
Monthly rate – $5,500 ($500 off nightly rate)
Four night booking = $200 x 4 = $800
9 night booking = $1300 + ($1,300/7 *2) = $1,671
34 night booking = $5500 + ($5,500/30 *4) = $6,233
Seasonal and Event Rates
- Seasonal rates work similar to your base rates, with the addition of getting to add date ranges for rates. Whether you want to charge more during the busy season, or have a popular event in your area where you can charge more, adding seasonal rates can help you optimize your earnings.
- Seasonal rates will override any base rate depending on the dates defined in the seasonal rate.
As a general matter, taxing authorities have introduced laws that require “marketplace facilitators” and similar intermediaries to collect and remit tax on behalf of sellers making sales through an online platform. For purposes of these laws, “marketplace” refers to a platform where buyers and sellers find each other to buy and sell goods or services. RVshare is considered a “marketplace” or similar intermediary under some of these laws. These laws change how tax on your rental transactions is handled on the RVshare platform. Instead of you collecting tax, RVshare is now required to calculate, collect, and remit taxes and/or fees on the taxable amount charged to the Renter unless you’re exempt from sales tax. RVshare collects and remits to the proper taxing authority the following taxes on behalf of each Owner.
In states where RVshare is not required to collect tax on your behalf, you’ll be able to set your own tax rate — and choose whether or not to collect taxes at all as part of your rental fee. We recommend consulting with a tax specialist to determine the appropriate rates and whether you should collect tax on your rentals.
When it comes time for you to file your taxes for the year, we recommend consulting a tax professional for proper treatment of your RVshare-related earnings. You will receive a 1099 from us if you earn over $20,000.00 and have over 200 completed reservations through us in a single year.
Frequently Asked Questions
A damage deposit is a sum of money used to protect you from any potential damages to your RV during a rental. For renters, the security deposit amount is secured by placing a “hold” status on the renter’s credit card for the amount of the security deposit. When that happens, the renter’s credit card company creates a pending transaction, but never actually processes that payment to transfer the money.
Deciding on the right deposit amount for you can be challenging because big security deposits are scary to renters:
- A security deposit becomes a hold on a renter’s card when they book, so while it’s not a direct withdrawal, large security deposits appear very daunting to renters. This can lower the likelihood of a renter wanting to book with you compared to other owners who might offer a similar RV and a lower security deposit.
- The upside of a big security deposit is that it could cover the gap between any damages and your insurance deductible.
Frequently Asked Questions
- How are renters charged deposits?
- How do I claim damages and/or overages?
- What are the departure and return forms?
The recommendation for mileage, generator, and additional fees is the same as your base rates.Take a look at what other owners in your area are doing and remember the most important factor in pricing is to stay competitive.
Renters will see your mileage and generator fees as part of your listing, but will not be charged any overages until after a trip is completed. You will leverage the Departure and Return forms to track usage, and understand if any additional fees need to be applied after a trip is completed. Required and optional fees will be paid when the renter books, and are a part of your listing page and the checkout flow.
Mileage fee – The mileage fee allows you to include a defined number of free miles and then charge for incremental miles beyond that set amount. . You are able to select included miles from 0 to 250 or unlimited miles.
Generator Usage fee – The Generator Usage fee allows you to include a defined number of free hours and then charge for incremental generator hours beyond the miles you include for free. You are able to select included miles from 0 to 12 hours or unlimited hours.
Additional fees – Additional fees can be added as required or optional. Required fees will be displayed in the renter’s quote but renters have to select any optional fees for them to be charged
- Optional fees – Popular optional fees include dumping, pet, and propane usage fees.
- Required fees – The most popular required fee is a cleaning fee. You can add this as a separate fee or include it in your nightly rate.