I was in the rental business for 10 years. The options and choices are vast on what you can make money with. All rentals are different and offer different services. I would say to keep in mind, the cost of insurance when it comes to certain equipment.
For instance, when renting out any kind of lift, you have to realize things can go seriously wrong. When they do go seriously wrong often, it is not good. When I mean serious, I mean someone is injured or killed. I am not saying not to rent these items out but the carrier insurance policy and have the due diligence to make sure that they are safe.
The same goes for bouncy castles. Kids are often injured on this equipment and if somebody’s so chooses they can go after the owner of the equipment because they were not warned about the dangers. This can be applied even if the customer picked up the equipment from your location and set it up themselves. Again have great insurance and document that the equipment is functions properly.
I know of companies that rent out lighting equipment and they have done well for themselves. Other companies run out generators. Some run out plumbing equipment and do well.
I encourage you to go after this, just do your due diligence in understanding the area that you will be renting from. Look at where there is a need in terms of a service and times of either celebration or natural disasters.
I was in the rental business for 10 years. The options and choices are vast on what you can make money with. All rentals are different and offer different services. I would say to keep in mind, the cost of insurance when it comes to certain equipment.
For instance, when renting out any kind of lift, you have to realize things can go seriously wrong. When they do go seriously wrong often, it is not good. When I mean serious, I mean someone is injured or killed. I am not saying not to rent these items out but the carrier insurance policy and have the due diligence to make sure that they are safe.
The same goes for bouncy castles. Kids are often injured on this equipment and if somebody’s so chooses they can go after the owner of the equipment because they were not warned about the dangers. This can be applied even if the customer picked up the equipment from your location and set it up themselves. Again have great insurance and document that the equipment is functions properly.
I know of companies that rent out lighting equipment and they have done well for themselves. Other companies run out generators. Some run out plumbing equipment and do well.
I encourage you to go after this, just do your due diligence in understanding the area that you will be renting from. Look at where there is a need in terms of a service and times of either celebration or natural disasters.