Do you rent yours out with saddle bags and top box on?
I kept the Givi top box and side bags on the bike for the rental.
What happens when the bike breaks down?
From Twisted Road's FAQ page
All mechanical issues are the responsibility of the owner. This includes clutch cables, transmission, oil, or other mechanical-related items. This is how we like to look at it. If a part of your bike malfunctions during the ride, and this would have happened if you were riding it, then you're responsible. Here's an example: the renter is riding along the highway and the speedometer stops working. Or a crack appears on the exhaust. Although someone else was riding it, owners are responsible for these repairs. However if the bike is dropped or suffers any damage as a result of an accident, the rider is responsible.
I believe your bike is covered with insurance while someone has it?
Several of TR's FAQs touch on insurance questions. In short -- the renter is required to hold valid insurance, which they have to prove to TR's satisfaction. My understanding is that TR's in-house insurance policy will cover damages caused by the rider up to $15,000 and liability up to $100,000. They will then chase after the renter's insurance agency for reimbursement. I believe RS has a similar arrangement.
I just don't think it would rent that often?
I guess it depends on a lot of factors: Rental price, local competition, bike desirability, renter experience, owner comfort, etc. Currently, my bike is the only one available within about an hour of me and I'm located near a metro area (about 250K city population, 500K county-wide). I'm also near some of the best riding in the state. But some may think my bike is too small (650), or it's not a cruiser, so that could limit interest. I've received 6 rental requests since I listed the bike on the 2 sites in June. I'm OK with that level of interest.
what bike did you rent?
I rented out my 2012 DL650.
What is your liability if something went wrong with your bike and the rider was injured and/or a failure caused an accident?
I think this is the big question that gives bike owners the most angst. Another quote from TR's FAQs:
all owners are covered for up to $100K in liability insurance. Interested owners can increase this to $300K or $1M for a small fee.
Beyond this, I have a personal $1M umbrella policy in place. For this rental, my bike's ABS was not functioning, though the brakes themselves work fine. When I received the rental request, I informed TR of this and they reached out to the renter to see if it was an issue. The renter was OK with it, which TR documented and I also documented (via video recording) with him at the pick-up. That was another thing that kept me from accepting previous offers; I was concerned the lack of ABS could be used against me in a liability case.
how much can you rent the bike for, and how much is their fee?
I don't know what the minimum or maximum daily rental fees are on the 2 sites. Looking at the available rentals in my area through TR, I see some as low as $60 and some as high as $180. I decided to start on the low end with my bike to build some action, so I offered $70. Of that, I'll clear around $60 per day. Now that I have 1 rental under my belt and a positive review on my profile, I raised the rate to $75. As I mentioned earlier, my bike is currently the only 1 available in my immediate area and, if that is still the case next season, I may continue increasing the rental fee as long as I'm still getting rental requests.