How to Turn an RV into a Timeshare

There is nothing quite like the freedom of the open road, especially knowing that your RV enables you to set up home virtually anywhere. However, you may find that you aren't using your RV nearly as much as you thought you would. You can offset its cost and generate extra income for yourself by turning your RV into a timeshare, often called fractional ownership.

Instructions

1. Find a company that handles RV timeshares. There are many that do this, and you can easily locate them on the Internet. But, for the best luck, try to get a word-of-mouth recommendation from your local RV dealership or club.

2. Decide how much time you personally want and how much time you want to sell. Be realistic. It may be hard to let go of some of those weeks, but if you usually spend about four weeks on the road, you've got a good idea of how much to keep.

3. Assure that the company you choose offers insurance. If it doesn't and someone wrecks your vehicle, you can face plenty of trouble and expenses. If there is an accident, you will probably be responsible for the deductible, even if you weren't driving it.

4. Ask where the RV will be stored and serviced when not in use. Most fractional ownership companies store them at a participating RV dealership.

5. Hire an attorney to look over the paperwork. You need to get all loose ends tied up before turning over your expensive vehicle to a timeshare company.