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The average rental is going to be
about five to seven days on that rental.

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A franchise, if it's a travel
trailer I always say tollable travel trailer

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or drivable RB. If it's a
tollable travel trailer, franchise is going to

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net write around three hundred dollars for
that rental. That's just off the rental

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revenue. And then if it's a
drivable you're gonna net about double that.

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You are listening to Carrie Letz's Financial
Survival Network where you get valuable information.

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00:00:27,640 --> 00:00:33,000
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thrive in today's trying times. You need

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the Financial Survival Network now more than
ever. Go to Financial Survivalnetwork dot com

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and get your free newsletter and gift. Financial Survival Network now more than ever.

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Welcome. You are listening to and
watching the Financial Survival Network. I'm

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00:00:54,560 --> 00:00:58,759
your host, Carrie Lotz. Well, hey you heard a OPM. Well

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we got o RPM other people's money. Now you can rent out other people's

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RVs. And there's actually a franchise
called Fireside RV Rental. We've got the

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founder and CEO Gar Russell with us
gar unique idea. It's kind of like

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you took you took Airbnb and moved
it onto the open road. Yeah,

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yeah, we did. Yeah,
we took real estate and we turned it

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into wheel estate. So you've got
one hundred locations you expect to have by

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the end of twenty twenty four.
Yeah, one hundred locations by the end

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of next year. That's our goal. We're currently at thirty and that's just

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word of mouse and social media.
We're about to start a marketing campaign and

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okay, go wild. So you
and your family, your wife and three

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kids, been living in an RV
for the past five years. Yeah,

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we just actually got back in a
house in March. We traveled the country

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for five years, building up the
business and homeschooling our four kids and checking

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out America. Well it's more like
RV schooling then, huh yeah, we're

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RVD school and oh yeah, okay, so I saw that. You know,

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this market is kind of taking off
as the economy gets tighter or more

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people gonna rent rather than buy RVs. What's your thoughts, Yeah, you

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know, so our thoughts are a
couple of years. So, first of

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all, during COVID, you know, there was a huge spike in r

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V sales. Oh yeah, uh. And then it's kind of like a

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timeshare for a lot of people.
You buy, I think you're going to

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go a bunch and you've got all
these grand dreams. Then you realize it

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only got you know, ten days
of vacation of the year, and the

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kids in baseball and all these sports, and wait, we can't use this

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camp at all. What do we
do? You know? And during COVID

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especially, you know, I was
like zero down. There's a huge demand.

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So a lot of people are stuck
with these RVs and they can't even

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sell now because they're competing with the
dealerships. So on the like inventory side

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for us, that's you know,
there's a huge inventory. Uh. And

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then on the oppi side of it, you've got campgrounds that are going up

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all around the country. There's just
a huge movement and people you know,

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wanting to experience the outdoors, stay
local, do local stuff, you know,

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be outdoors together. So it's kind
of a perfect store as far as

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especially with this newer generation, they
don't want to own anything. They just

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want to experience everything, right,
and that's where we come in. So

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how many RVs do you have on
a lot at any particular time. Our

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average franchise is right around twenty five
rbs twenty five and so like, what's

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the I guess, for lack of
a better term, occupancy of these RVs.

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Yeah, so depending on where you're
at, you know, based on

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the weather or you know, if
you're in a seasonal state, the average

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RB is going to do maybe about
seven to nine rentals per season, and

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our average rental is around five to
seven days. We're kind of going after

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a specific avatar as far as who
we want to read to you, Like,

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we're looking for mob is planning the
summer daily trip. You know,

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that's who we're going af here.
So we typically have higher nightly minimums.

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Interesting, how do they How does
your end customer find out about you?

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So our whole niche is we're the
management piece. Uh So we work heavily

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with the peer to peer marketing platforms. So, you know, just like

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you said Airbnb or short term rental
space, there's a couple of peer to

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peer marketing platforms that we're partnered with. The largest one is called urv share,

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where they're number one customers, so
we let them spend the millions of

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dollars to find us the customers.
You know, and then we're the management

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piece. It's pretty cool. And
yeah, so what kind of returns can

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a franchise you realize? What's it
got of cost to open a franchise and

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what kind of return can you realize? Yeah, so a franchise startup phase

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fifty thousand dollars. And I'm still
learning some of these rules and laws as

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far as what I can and can't
say, but typically what I'll tell somebody

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is kind of going back to your
previous question, is the average rental is

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going to be about five to seven
days on that rental franchise e if it's

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a travel trailer I always say tollable
travel trailer or drivable RB. If it's

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a tollable travel trailer, franchise is
going to net right around three hundred dollars

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for that rental. That's just off
the rental revenue. And then if it's

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a drivable you're gonna net about double
that. So if you kind of do

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your math from there and you say, okay, i've got a fleet of

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let's say twenty ten our travel trailer, there's ten of rbs, but a

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seasonal state, they're going to do
seven to nine rentals. If you work

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the math up that way, an
average franchise can net right around six figures

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per season after you have that,
and then figuring in your add outs,

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which is another full piece of this
business. You know, you can rent

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out, you can rent out generators, kitchen kits, betting kits, delivery

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set up smorest kits. I mean
the add ons that you can offer are

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you know, our end list.
So that's a real good money making avenue

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as well. How's the insurance work
on these? You've got to have your

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own policy, I would assume,
right, Yeah, so the insurance basically

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the way that this industry is set
up, as you're paying a renter is

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paying a per day commercial insurance fee. So depending on where the book eight

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originates through and there's going to be
different insurance packages that the renter is going

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to be offered. You know,
they have like standard and essential and preferred,

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and then they can you know,
get like all the things you can

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get nowadays, trip protection and and
you know all that kind of stuff,

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right, and what happens if the
RV breaks in the middle of the trip.

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Yeah, if the RV breaks in
the middle of the trip, you've

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got roadside that you call a lot
of times it's operator here, you know,

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when it comes to rent V or
so many different things that people didn't

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necessarily know. It's a house on
wheels, you know, you got twelve

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bolt systems and one hundred and ten
volt and the generator this and that and

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slide out and stabilizers. So a
lot of times those situations will just be

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handled with the technical support call.
If it's something more of the driving side

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of the arvy, uh, you
know that it would be like a standard

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road side you know, when they
come change out the tire or tell you

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to a shop something like that.
But I assume that happens rarely. You

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know, it's yeah, it's not
super combin. That's something like that would

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happen and years later there's in those
kind of scenarios, there's usually a pretty

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simple solution as far as like con
manual override, different things like that getting

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back the road. So, what's
the craziest DORV story you have in your

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extensive travels around the country, so
in regards to my travels or like rentals

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in your travels, and that you
could tell us about rentals too. Uh,

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you know, I don't get asked
that quite often, so I don't

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have a kind of an awful cause
I enter I could say one of our

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favorite memories, Okay, yeah,
that was Lowoia Beach in California. That's

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probably one of our favorite memories where
we just kind of pulled right up to

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Lowaia Beach and you've got these seals
and it just wasn't your typical American sight

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seeing experience because there wasn't like guard
rails and fences and lines and all those

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kind of things you would see where
it's like, oh, here's an attraction,

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let's monetize it and make it as
safe as we can, you know.

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So, so it was just very
natural and real, and that was

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cool. Put those seals to work, right, Yeah, let's put these

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seals to work and yeah on a
quarter of ere. Yeah, so it

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was it was almost too naturally,
you know, because people are like trying

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to get down new selfies with them
on these rocks where their waves are crashing

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in and stuff like. That's that
was definitely a really cool memory, uh,

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you know. And then all the
way to the other side of the

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the country, weird out on a
whale watching tour and ended up being the

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second worst journey this captain had ever
taken everybody out on so literally like ninety

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percent of us could have got sick. Oh we're all puke in and this

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and that. It was it was
horrible. Yeah, so that would only

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be ingraded my memory. Well,
you know, just because you're on a

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vacation doesn't mean it's going to be
wonderful, right, yeah exactly. Yeah.

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So hey, what about like crazy
renter stories. You must have some

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there, huh. Yeah. You
know, especially during COVID, you know

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a lot of people decided, well
we can't travel, let's you know,

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run an r v H. You
know, so we had all different kinds

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of crazy stories with that. I'd
say probably the craziest story that sticks out

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and I know is I had a
group of ladies. They were in Pennsylvania.

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They were going to travel. They
were going to take the whole summer,

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go all the way to California and
back. Well, the second morning

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after they left, they woke up
and they all had bed bugs. Oh

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my god, they all had bed
bugs. And so we went into you

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know, trying to figure out,
okay, what do we do. So

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we're getting treatments, We're putting them
into hotels, rental cars, you know,

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trying to figure out, like,
what in the world is going on?

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It was a brand new RV too. We couldn't we couldn't understand,

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you know, we just assumed they
must have brought it on with them to

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the trip that they brought you back
with them. Yeah, these sweet ladies,

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we got them through their trip.
They yeah, they they sure had

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the memories and stories and they went
through that was even it. They had

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their windshields smashed on me. They
just these three ladies are probably sit they're

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talking about it right now. Yeah. That was probably one of our living

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your life time of their lives.
That's yeah. Cool. So people want

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to find out more about what you're
doing here or go are maybe even become

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a franchisey. Where is the place
to go on the web? Yeah,

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so you can go to fireside arby
rentel dot com. You can see all

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00:10:48,919 --> 00:10:52,840
our our RVs for rents. Then
click at the menu bar and you know,

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you can learn more about the franchise, or just google us. You'll

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00:10:56,240 --> 00:11:00,799
see us. We're all over YouTube
and Facebook and to all the places that

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people are nowadays. All right,
it sounds like a really timely business.

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00:11:03,399 --> 00:11:09,000
There's a link in the show notes
to this interview on Financial Survival Network dot

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00:11:09,039 --> 00:11:11,960
com. Make sure you go there
sign up for your free newsletter. Gar

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00:11:11,159 --> 00:11:16,840
appreciate you coming by, and it
sounds like said very timely business. We

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00:11:16,879 --> 00:11:20,120
wish you the best. Awesome.
Thanks, Terry, appreciate having me on.

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00:11:20,639 --> 00:11:26,240
Thanks for listening to carry Lenz's Financial
Survival Network, your solution to today's

163
00:11:26,360 --> 00:11:31,759
trying times. For the latest,
go to Financial Survivalnetwork dot com. Financial

164
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Survival Network now more than ever,