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Equipment Rentals

Discussion in 'Business Operations' started by AAATreeLandscape, Oct 29, 2002.

  1. AAATreeLandscape

    AAATreeLandscape LawnSite Member
    from MA
    Posts: 35

    Anybody rent thier equipment for extra income? Was thinking of leasing a bunch of equipment and throwing an ad in the yellow pages. I figure the income from the rentals will easily cover the leases and I can put some extra cash in my pocket as well as use the equipment myself. I know the equipment will be beat on but I think the profit will be worth it. Also there are tons of rental places out there so theres gotta be some money in it. Any advice appreciated!
     
  2. ScottH

    ScottH LawnSite Member
    Posts: 60

    I work for an outdoor power eqpt dealer. I looked into the eqpt rental idea. Here's what I found out.

    I can loan you or let you take a unit out on demo. If there are problems like you roll your trailer, break someones window, or cut someones foot off, my insurance policy will provide coverage( at least to me) for anything we are held liable for that your insurance doesnt cover.

    If I charge you a $, and you experience the same problem, My insurance covers zilch.

    To pickup rental insurance rider - $800 PER MONTH

    Only other option is to force renter to purchase insurance each time they rent the eqpt. Couldnt find any details on that option, but I didnt like it, and believe it to be fairly pricey.


    Just thought I'd pass along some info. Check with your company though.
     

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