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Renting out your equipment ?

Discussion in 'Business Operations' started by weedwoop, Aug 3, 2004.

  1. weedwoop

    weedwoop LawnSite Member
    Posts: 75

    I work solo but have aquired quite a bit of equipment. Or like an old contractor around here would put it, " I've got a lot of seats but only one azz to to put in um ". Anyway, was thinking of renting some of the equipment out on a limited bases and was wondering if anyone has done so. My biggest concern is liabilty insurance. Probably the policy I have now would not cover it. I'll be calling my insurance agent but thought I would put it out here for discussion. Thanks.
  2. BSDeality

    BSDeality LawnSite Silver Member
    Posts: 2,850

    who is responsible for breakdowns? scratches? dents?

    I'd be awfully angry at someone if they mangled up my new mower, even if i know it was nothing they had control over in a freak accident or something similar.
  3. walker-talker

    walker-talker LawnSite Platinum Member
    from Midwest
    Posts: 4,771

    Unless you are willing to take their driver license and a credit card, should something be damaged or theft, I would not even consider it. Yes, insurance shoud be considered also.
  4. dcondon

    dcondon LawnSite Silver Member
    Posts: 2,246

    I would never think of it !!!!!
  5. Team Gopher

    Team Gopher LawnSite Platinum Member
    from -
    Posts: 4,041

    Hi Weedwoop,

    Here is an interesting quote from this post that applies in a way.

    "I learned a lesson a long time ago about renting or borrowing someones commercial equipment. I asked this guy I knew that did excavating on the side if I could rent (not borrow) his road grader to work on my 1/4 mile driveway. He said sure, $75 per hour. So I asked him how much he charged for him to do it, and he replyed $75 per hour. Lesson learned. Now that is the policy I apply to my business. I buy my equipment to make money, so I am not just going to let someone else wear it out just so they can save themselves some cash, but offer to do it for them as a service."

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