Renting out a private plane—often called "leaseback"—can be profitable, but it is rarely a "get rich quick" scheme. In 2026, the primary goal for most individual owners who rent their planes to flight schools or charter companies is cost offset rather than pure profit. Owning a plane involves massive fixed costs, including insurance, hangar fees, and "time-based" maintenance. By renting the plane out, you generate revenue that helps cover these bills and can provide significant tax benefits (like depreciation). However, the increased "wear and tear" from multiple pilots means you will hit expensive engine overhaul milestones much faster. For a plane to be truly profitable as a rental, it typically needs to fly over 400–500 hours a year. Most owners find that while they might not see a huge monthly check, the rental income essentially allows them to "own their plane for free" or at a highly subsidized rate.