Posted 2016-03-21 11:23 AM (#166505) Subject: Considering renting out my LQ Horse Trailer
New User
Posts: 1
Location: Effingham, IL
Has anyone does this before? I expect I would require a detailed & Pricey insurance policy but anyone know about the expenses or what I could charge? Thanks!
Posted 2016-03-21 7:52 PM (#166514 - in reply to #166505) Subject: RE: Considering renting out my LQ Horse Trailer
Expert
Posts: 1989 Location: South Central OK
OMG, this took a second reading. You are exposing yourself to some serious liability. If they get in a wreck guess whose name is on the trailer title and will be named in the lawsuit? They could tear all your tanks off the underside or flood your LQ if they don't know what they are doing. Call your insurance agent and be honest with them. You may find that if you rent the trailer out it is not covered under your insurance policy as it's now been used not as a personal RV but for profit. There are a few places that do this, Google LQ trailers for rent. Then forward the info to the prospective renters.
Posted 2016-03-21 9:56 PM (#166517 - in reply to #166505) Subject: RE: Considering renting out my LQ Horse Trailer
Expert
Posts: 3853 Location: Vermont
Originally written by aintitgreatranch on 2016-03-21 2:23 PM
Has anyone does this before? I expect I would require a detailed & Pricey insurance policy but anyone know about the expenses or what I could charge? Thanks!
This is a joke...RIGHT? You would need $1,000,000 commercial liability insurance at a minimum...then if you haven't paid off your trailer yet...you'd need to do that immediately, because your current loan paperwork is probably NOT set up for commercial activity...then you'd need to get trailer replacement insurance in case the renters wrecked it...then you better have a good attorney on retainer, becasue the renter who wrecked it will probably try and sue you for renting substandard equipment...
Posted 2016-03-21 10:00 PM (#166519 - in reply to #166505) Subject: RE: Considering renting out my LQ Horse Trailer
Expert
Posts: 3853 Location: Vermont
Also, if they are strangers...you'd need to do some background checking to make sure they are there to STEAL your trailer...rental stuff goes missing very year to frauds...:(
Posted 2016-03-21 11:11 PM (#166520 - in reply to #166505) Subject: RE: Considering renting out my LQ Horse Trailer
Elite Veteran
Posts: 690 Location: missouri
OMG!!! Are You SERIOUS???? If you are not using it yourself, or cannot afford to own it, sell it. The risk you would be exposed to are really scary. Good Luck to you in any case.
Posted 2016-03-22 2:28 PM (#166525 - in reply to #166505) Subject: RE: Considering renting out my LQ Horse Trailer
Regular
Posts: 88 Location: Washington
Sounds like its never been done before. But there is a considerable amount of info regarding RV rent-out. Maybe that's your starting point. Good luck any way you go. https://www.google.com/#q=renting+out+private+rvs
Posted 2016-03-23 1:22 AM (#166528 - in reply to #166525) Subject: RE: Considering renting out my LQ Horse Trailer
Expert
Posts: 3853 Location: Vermont
Originally written by Dbarnes72 on 2016-03-22 5:28 PM
Sounds like its never been done before. But there is a considerable amount of info regarding RV rent-out. Maybe that's your starting point. Good luck any way you go. https://www.google.com/#q=renting+out+private+rvs
It is interesting that RV rentals push the insurance on to the renter along with a myriad of fees...following an exampleFees & ChargesDaily Rental$1500Weekly Rental$7500Monthly Rental$30,000 per month, 30 nights.. includes 100 free miles per night. (Extra nights at $850 per night)Reservation DepositMinimum $1000 or 1/2 of the rental estimate. (necessary to secure reservation)Security DepositMinimum $2500 (Pets, add an additional $500) *Refunded within 10 days after coach is returned in the same condition as when rented.Insurance FeeBinder Furnished From Your Insurance Company or per day charge with admin. feeMileage Fee.99 per mile in excess of 100 miles per night rented.Generator Charge5 hours per day free and then $3 per hourCleaning Charge$295 usual, up to $350 if not returned clean, both interior and exterior, including all under coach luggage compartments.Additional Charge$80 dumping charge if wastewater tanks are not empty.Rental Delivery FeeUpon RequestFuel Tanks$50 Fill Charge Plus Cost Of Fuel If Not Same As At Pickup Upon Return.Propane Tanks$30 Fill Charge Plus Cost Of Propane Fuel If Not Same As At Pickup Upon Return.Housekeeping$475 if the motorhome is rented with basic furnishings.One way rental$2 per mile if dropped off or picked up at a major airport
Considering renting out my LQ Horse Trailer
