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Advantages
| How It Works | FAQ
The Owner Management Program (OMP) is designed to allow new RV
purchasers to derive substantial income and tax benefits from
their RV, while retaining the use of it for when they want to
go camping or on vacation. Whether you want to get a new RV every
three years or just want buy an RV the smart way and take it home
after a year, we have a the flexibility to create a plan to meet
your needs.
We take the hassle out of owning a motorhome. We handle all of
the rental orientations, reservations, maintenance and storage
of your unit. You purchase the unit through us and get an activity
report every month. The program is not for everyone, but if you
are interested in purchasing a motorhome you may be surprised
at the advantages the Owner Management Program has to offer.
ADVANTAGES FOR YOU
- Rental income is based on the type of unit , number of rentals
and mileage charges.
- Interest on your loan is deductible in most cases.
- Your motorhome is now a business asset and may be depreciated.
- Your motorhome is stored on our location at no charge.
- All maintenance and warranty work is done by us.
- The motorhome is clean and ready to go when you are.
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HOW IT WORKS
Step One - Determine what type of motorhome best fits your
needs. Is it a Class C motorhome or Class A unit? Do you need
or want slideouts? What options do you want, and will those
options work in a rental program?
Step Two - Order your unit, choose colors, time of delivery,
and floorplan. Book out your unit when you know you will want
to use it.
Step Three - Make your payment on time and every month directly
from your checking account.
Step Four - Take the money that you get from RVS-TO-GO
and make extra principle payments to pay down your loan.
Step Five - After doing your taxes and depreciating your motorhome
on your return, take the savings and make an extra principle
payment to pay down your loan.
Step Six - After three years decide if you want to trade your
unit in on a new motorhome, or take it home, or just sell it.
The idea here is to be in a positive equity position. Too many
people buy motorhomes only to turn around a sell them for less
than they owe. In fact 85% of the motorized RVs on the road
today have no equity in them at all. One could say they are
renting them from the bank whether they use them or not. Be
smart. If you run the program as it is designed you should always
be in a position that you could sell your unit and not be in
the negative. This program is NOT a reason to buy a motorhome,
it is a smart way to PAY for one. If you are already interested
in buying a motorhome now or in the future this may in fact
be a smart way to go. As always consult your tax adviser for
your specific needs and deductibility of your motorhome. Please
contact Mark at RVS-TO-GO to
set up a time to go over the OMP contract together.
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FAQ (FREQUENTLY ASKED QUESTIONS)
- How do I know that my motorhome won't
get torn up?
- When can I use my motorhome, and
what if it is rented?
- What happens if the motorhome
breaks down?
- Can I leave my personal belongings
in the motorhome?
- Can I tow my boat with the motorhome?
- What condition do I need to return
the unit in?
- Can I smoke or take my pet in the
unit?
- What about insurance?
- How often do I get paid?
- How long am I required to stay
in the program?
How do I know that my motorhome won't
get torn up?
This is by far the biggest concern that most people have. The
answer is simple, we are very thorough on our orientations and
instructions. Secondly, the renter is responsible for any damage
either through their insurance or personally. Remember, they
are renting a motorhome, which for most people is a new experience,
and they are usually more intimidated by the motorhome than
they are likely to abuse it.
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When can I use my motorhome, and
what if it is rented?
We do not limit the amount of time or the time of the year
that you can use your motorhome. We appreciate you booking your
unit out when you know that you are going to want to use it,
but we do not mind if you call last minute to see if it is available.
If your unit is rented when you want to use it then the rental
takes priority. If you call and your unit is already booked
on a rental then it is your choice to ask us if we can move
that rental to another unit. This is one of the reasons that
we like to have similar coaches, because we can switch a rental
to another unit without effecting the rental. We will not assume
you want us to check because often the owner would rather have
the rental income than use the unit. If you want us to move
the rental and we are fully booked then your next option is
to rent a unit from us knowing that you are getting money on
your unit.
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What happens if the motorhome
breaks down?
That is why you have us managing your unit. We will take care
of warranty repairs and get the renter back on the road. This
does not happen very often, but when it does it is important
to know how and where to get service. We will handle all of
the billing and warranty reimbursement if it applies.
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Can I leave my personal belongings
in the motorhome?
NO. Sorry but that is the short of it. Most people want to
use their own stuff, and we do not want to inventory your belongings
after each rental. We need to be focusing on if there is damage,
cleaning the unit, etc. However, we will gladly store your camping
stuff here at our location and put it in the motorhome when
you will be using it.
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Can I tow my boat with the motorhome?
Yes. We will lock out the hitch on your unit, so remember to
have us un-lock it when you pick up your motorhome. This way
we can monitor who is towing with your unit and check for brake
damage after the rental. We are doing this to protect your investment,
not to prevent you from using your unit in the manner that you
want.
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What condition do I need to return
the unit in?
We want you to return the unit just as if you were renting
it. This means on time, full of fuel, and clean. If we need
to clean your unit before the next rental then you will be charged
for the cleaning, and those charges will appear on your monthly
report. We do not mind cleaning the unit - as a matter of fact,
some of our owners consider this a benefit of owning a unit.
They get more useable time in the motorhome and think that having
us clean it is well worth the money.
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Can I smoke or take my pet in the
unit?
No. All of our rentals are considered no smoking and no pet
units.
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What about insurance?
We request an insurance binder from all renters, and owner
managers are no different. You and RV's
To Go have commercial insurance on the motorhome at all
times, but when you are using the motorhome for personal use
then you must provide a binder as well.
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How often do I get paid?
We will send you an activity report on the 15th of the month
for all of the rental activity from the previous month. If there
are no rentals then it will say "No activity". You
will see the rentals, mileage charges, insurance charges, and
any maintenance that was done on your unit.
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How long am I required to stay
in the program?
The standard Owner Management Program is designed to be three
years. Because you receive such a discount on the purchase price
of the motorhome you are required to leave the unit in the program
through the balance of the calendar year. It is up to us to
do a good job for you so that you will renew the agreement for
a second year, then hopefully a third year as well. The are
times when an owner can only commit to one or two years because
they may want the unit full time, and we understand that as
well. The different lengths of the program may determine how
you would depreciate your unit while in the rental fleet. We
suggest that you consult a tax professional for your individual
situation.
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