Do you dream of having a steady, reliable additional stream of income?
Trick question — everyone does!
Next question: do you find yourself daydreaming of owning a converted camper van, adventuring and making memories all around the world in your very own tiny home on wheels?
What if we told you that you can have your cake and eat it, too…that you can own a top-of-the-line camper van while simultaneously building a side hustle? With B-Vans, not only is this entirely possible, but it’s easily within reach!
In this article, we’re going to break down all the reasons you should consider investing in a camper van to build a business (even if, and maybe especially if, you don’t think you can afford it!). Let’s get into it!
The Rise of the Humble Camper Van
It’s a massive understatement to say that camper vans are having a “moment.” Recreational vehicle (RV) ownership has increased by a staggering 62% in the last 20 years, and nearly 10 million U.S. households intend to purchase their first RV in the next five years.
This shift has impacted the RV rental industry as well. A whopping one-third of RVShare renters listed “being a potential buyer” as their primary reason for renting in 2020 alone.
Especially interesting, younger demographics, particularly people ages 18-34 — otherwise known as Millennials and Gen Zers — represent the segment with the most significant growth, now making up 22% of RV owners and nearly 40% of RV renters.
Why exactly is this data so interesting?
Millennials and Gen Zers overwhelmingly demand uniqueness and convenience from the brands, products, and experiences they spend their money on.
Camper vans are exactly that: unique and incredibly convenient.
In other words, this younger segment of people increasingly gravitates toward campervans over other types of RVs. They’re looking for adventure-ready vehicles that will get them safely to their adventures. But they also want quick access to all their creature comforts. And they want the whole thing to be “Instagrammable,” too.
This makes perfect sense when you think about it. RV travel, and campervans in particular, is safe and naturally socially-distanced. It’s also a more affordable way to travel, very literally allowing you to cover a lot of ground and combining a rental vehicle and nightly accommodations in one. With more people working remotely and in flexible positions than ever before, these factors hold even more importance.
Without a doubt, there’s never been a better time to invest in a campervan as a business.
Why Would Someone Rent My Camper Van Instead of Buying Their Own?
There are actually several reasons why some people prefer to rent a camper van, rather than buy one outright.
- Renting means you get all the fun and adventure, without the responsibility, cost, or time involved with routine maintenance and upkeep.
- Along the same lines, many people don’t have the time, money, or even desire to convert their own camper van, but they want to travel in one with all the bells and whistles. For these people, renting is an ideal middle ground.
- Today more than ever, many travelers and outdoor enthusiasts seek out unique experiences and accommodations but still want their creature comforts, such as a proper kitchen or bathroom, a real bed to sleep in, and internet access. They may not necessarily want a van sitting in their driveway or garage all the time, but this type of glamping (glamorous camping!) is their preferred getaway.
- Finally, some people prefer to rent a camper van in order to help them decide if owning one may be the right decision. Research only gets you so far, why not dive in and experience vanlife firsthand to know if it’s for you?!
In the case of B-Vans specifically, our vans stand out from others in several ways. Therefore, they’re highly coveted by renters. Compared to other rental vans available on the market, B-Vans are:
- Fully off-grid. With several camper van companies, you’ll still need to find hookups in order to enjoy all the vans’ features. B-Vans are entirely self-contained, so you can truly roam wherever you want to.
- More compact. Did you know that most national parks and festivals such as Coachella have strict regulations on maximum vehicle size, preventing traditional RVs from camping in the park and in some cases, even entering?
- User-friendly. Our camper vans come adventure-ready, so even if someone has never so much as stepped foot in one, they’ll immediately be comfortable with driving it and using all the various functions. For example, quickly scanning a QR code in the camper van pulls up the user manual on your phone.
- Ultra stylish. Many vans are either super functional or attractive, but rarely both. B-Vans feature a sleek European design element that’s not only stylish, but comfortable, spacious, and functional, as well.
- Discrete. You’ve probably seen that there are several companies out there renting brightly-colored vans that you can’t miss? B-Vans are far more subtle.
Okay, But How do I Actually Make Money?
The great news is that there are a few different ways to make money with a van rental (or multiple vans — more on that in a minute!).
If you don’t live in your B-Van full-time, why not rent it out when you’re not using it? After all, it’s a unique tiny home on wheels, so you should view it as a rental property rather than letting it sit parked. It’ll still be your personal adventure van, so block off time that you want to travel in it. The rest of the time, it could potentially be rented out, meaning all those maintenance costs are being offset. Win-win!
Strictly an Investment
Perhaps you don’t own a personal B-Van yet, or maybe you’re interested solely in the investment aspect. The campervan rental business model works equally well in this situation. Simply purchase a van (or multiple vans; the sky’s the limit!) and start renting it out as much as physically possible. You could also purchase one van, then use the profits from renting it to buy another, and then another, in time building a full-blown camper van rental business of your own.
Your B-Van doesn’t necessarily have to physically travel to be rented. If you have available property or a unique space, you could set it up in a fixed place and rent it as a glamping site on Airbnb or GlampingHub. Invest in the materials to build a custom deck and outdoor kitchen or fire pit area, add some string lights, and provide the necessary supplies for renters to have unique adventures without ever needing to leave!
How Much Money Can I Make With My Camper Van?
Truthfully, there’s no black-and-white answer to this question. There are just so many variables that will differ from person to person. How many days per month do you plan to rent your van? Do you want to allow people to road-trip or would you prefer to keep it parked at your home? Even the part of the U.S. you live in can dictate van rental costs.
Most of our owners rent their B-Vans for anywhere from $150-300 per night. There are several studies out there supporting this figure, with the most accurate data suggesting that most people earn between $12,000-30,000 per year with a single van. Even at the lowest end, wouldn’t an extra $1,000 per month come in handy to help offset the cost of your van?
Ready to Start Making Money With Your B-Van?
We’re thrilled to hear it, and we’d love the opportunity to talk you through the entire process and answer any questions you may still have.