PILOON
Super Star Member
Once worked for a rental yard in a suburban area.
In springtime we'd have 25-20 lawn mowers on rental.
Policy was that you brought back the equipment in the same condition you recieved it in. (owner was a stickler to make shure everything was checked out and always did a test run/demo for the client).
Clients rented mowers to spread their topsoil! (did not want to dirty their own mower)
AKA, break the rental one, not my own tool!
I think he made more profit charging $5.00 for a wash down than renting the mowers.
Some tools are much higher in maintainance than others; example is a Kango hammer drill.
A good policy is to rent until revenu reach 2X cost and sell as used (just slightly more than cost) (often warrantee might still apply, that way your equipement is always relatively new and the buyer gets a fair deal.
Seem to recall rates were like 2%/day5%/wk,15%/m (of retal price) as a general rule.
Consumables (saw blades, drill bits etc) also generate a good % of a tool rental's profit picture.
Air tools (nail guns) are a great income generator as well as the nails used. (you buy by the sase and sell by the stick!)
Rent out a nail gun--demo it (bang bang bang) aka; see it works fine!
Good luck,
Remember that you need to always have the equipment in top user shape otherwise you will never get repeats. (and renters shure do talk!)
In springtime we'd have 25-20 lawn mowers on rental.
Policy was that you brought back the equipment in the same condition you recieved it in. (owner was a stickler to make shure everything was checked out and always did a test run/demo for the client).
Clients rented mowers to spread their topsoil! (did not want to dirty their own mower)
AKA, break the rental one, not my own tool!
I think he made more profit charging $5.00 for a wash down than renting the mowers.
Some tools are much higher in maintainance than others; example is a Kango hammer drill.
A good policy is to rent until revenu reach 2X cost and sell as used (just slightly more than cost) (often warrantee might still apply, that way your equipement is always relatively new and the buyer gets a fair deal.
Seem to recall rates were like 2%/day5%/wk,15%/m (of retal price) as a general rule.
Consumables (saw blades, drill bits etc) also generate a good % of a tool rental's profit picture.
Air tools (nail guns) are a great income generator as well as the nails used. (you buy by the sase and sell by the stick!)
Rent out a nail gun--demo it (bang bang bang) aka; see it works fine!
Good luck,
Remember that you need to always have the equipment in top user shape otherwise you will never get repeats. (and renters shure do talk!)