Dallas-based RecNation—a leading owner, operator, and developer of specialized RV and marine storage facilities, with locations in six states—is doubling down on its move into the peer-to-peer RV rental space.
Gary “Wojo” Wojtaszek
RecNation announced today that it’s partnering with Ohio-based RVshare on a white-glove RV rental program.
Aiming to solve pain points for both RV owners and renters, RecNation says it will be operating “a first-of-its-kind business for easy rental management.” RecNation’s service will allow RV owners to earn rental income from their owned assets “hassle-free.” RecNation will provide professional management services each step of the way—from listing and marketing the RV rental to customer service, post-trip cleaning, repairs, and more.
“This partnership is a win-win for RV owners and renters,” RecNation founder and CEO Gary Wojtaszek said in a statement. “This program will help owners be hands-off while making more revenue. And renters can expect professionalism and reliability throughout the rental process.”
Piloting the program in Dallas/Fort Worth with RVshare users
[Image: RecNation/RVShare]
RecNation said it’s piloting the rental program in the Dallas/Fort Worth area with RV owners who use RVshare to rent out their vehicles. Plans are in the works to expand the program to other locations as well.
RecNation currently operates 14,000 storage units across 51 locations in six states—in Texas, Florida, Arizona, Missouri, Kansas, and Tennessee—and plans to continue to its expansion across the U.S.
Saving owners 6 to 7 hours of work per rental
Those RVs won’t wash themselves. Everything from listing the vehicles to emptying the holding tanks is provided by the RecNation white-glove service. [Video still: RecNation]
RecNation says its white-glove RV rental service is “professional, secure, and reliable,” saving owners 6 to 7 hours on average per rental. The service will include “thorough inspections, diligent and informative check-in procedures, and an experienced on-site staff equipped to meet the demands of the rental business.”
Most of these services will also be available to RVshare owners on an a la carte basis through RVShare’s premium rental services, which are powered by the RecNation partnership.
“With the massive increase in RV owners participating in the peer-to-peer rental market, there’s a gap in the industry for professional management services,” RVshare CEO Jon Gray said in a statement. “Property rental management is ingrained in the vacation rental industry and has yet to find a place in the RV rental industry. We believe in RecNation’s mission and are looking forward to partnering with them to professionalize the RV rental process.”
RecNation snagged a $500M debt facility in May to fuel its growth
In a move to help fuel its growth, RecNation announced in May that it had amended and increased its revolving credit facility to borrow up to $500 million. The facility was led by Truist Securities and was expanded and upsized to include seven additional banks: Goldman Sachs, Morgan Stanley, RBC Bank, Raymond James, Key Bank, TBK Bank, and Citizens Bank.
RecNation’s founder was formerly the CEO of Dallas-based data center giant CyrusOne. You can see the journey “Wojo” took to providing homes for America’s RVs, boats, and other “toys” by reading our 2022 story here.
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