Category Archives: Heavy Equipment Rental

Rent heavy equipment after carefully deliberating the pros and cons

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It is pretty obvious that you do not want to keep your construction equipment lying idle and want to make some use of it. In case, you are running out of projects and do not have much work to put all your machines to some use, you might consider to rent them. But by just renting the machine can’t ensure that you do not have to worry about it any longer. No wonder that you can start getting rental money on each and every month but there is something you are losing in this bargain. Well, you are definitely not losing your equipment but if you hand it over to the wrong chap, then you will without doubt get scrap in return at the end of the rental term.

It is therefore very crucial to identify the pros and cons of renting the machine before you actually go for the deal. Knowing the benefits and the disadvantages can help you a long way in taking a concrete decision on how you should be going ahead with the deal. If you have been renting machines in the past, then you would be knowing about how to deal with situations but if you are a newbie, then you got to learn things first before you go to strike a deal.

Identify the heavy equipment you want to let out:-

It is very critical to first identify the heavy equipment that you want to put on rent. You may not want to give a new one on rent as you may want that for your projects. You can play around with the older stuffs that you have. Check your inventories, know what you have and rent the machine that are not being used by you any longer. Do not let out the new equipment if you have any and especially not the ones that you feel are doing great guns in your company. You should pick out the ones that are lying idle for long, the ones that are not technologically advanced and are probably a little out of date.

Renting heavy equipment has high possibility of it getting worn out before than ever:-

If you have decided to let out your heavy equipment, you should also be ready to acknowledge the fact that you will not get it back the way you gave it to the taker. When you rent your heavy equipment, the user uses it exclusively to complete his projects on time and he may use the machine the way he wants without paying much attention to the wants of the machine. This may end up in deteriorating the quality of the machine and at the end of the rental period you will find the machine to be in a bad state. You may also have to spend lot of money in getting it repaired so that you can probably rent it again or just sell it to another person.

Therefore, do not spend all that you have made from the rental income. Save some money to get the stuff repaired.

Rent a Cat heavy construction equipment from me

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Renting heavy construction equipment has never been as simple as it is in today’s time. Earlier when there was no internet and when people had to hunt for machines on rent, they were largely dependent on newspaper advertisements or classifieds that gets published in some magazines that is based on construction equipment or equipment salesman. Another mean to know if someone is renting a machine is through a person from their circle. Other than this, they were hardly any means to know if anybody is renting heavy construction equipment. Things have however changed for better now and with the advent of internet we are get what we want at a faster rate and we can also expect to get something better through internet. Nowadays, brand matters a lot and someone who is letting out branded items are invariably everyone’s choice.

We have Equipment Company that is in the business of renting branded heavy equipment and one can indeed vouch for what they have to offer to the construction companies. They are in the business of heavy equipment for the last 20 years which makes them one of the most experienced in the lot. Experience does matter and when it matters it matters a lot. So a company with over 20 years of experience will suggest you machines based on your needs. If needed they will do an overview study of your project and try to understand what kind of heavy equipment will best suit your project. This will help them to give you better suggestions and this is what they have been doing since long.

You can vouch on them on any kind of heavy construction equipment. Right from a dozer to an excavator to scraper or a grader, all you have to do is name the equipment you are looking for to take on rent and you will get that at a better price; a price that you will not get at many places. So here you can get some real good branded machine at an affordable price. All you have to do is check their website and see the machines. In case, you need to speak to someone to get a better picture about the services you get from them, then you can get the number of the person and call them up to get all your questions answered.  817-733-3799

Heavy equipment industry is fast catching up the rental market

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Heavy equipment companies may experience a hard time to sell their machines in the market. They might not find buyers at all times. Due to the cost of the machine which is invariably high, not many construction companies can afford to purchase them and at the same time the needs of the companies also change which means they have to keep on changing the heavy equipment as per their needs. Now it is certainly not feasible for a small construction house to keep buying machines as per the demand of the project. Therefore the best suitable option available to them is to rent the machine till the time they need them. Get done with their work and hand over the machine to its owner.

Though heavy equipment manufacturing companies do not directly deal with renting the equipment but there are entities that make good revenue by purchasing machines from the heavy equipment companies and then renting it out to the end users. Since they are dealing with new stuff, the rental amount one has to pay is comparatively higher than the ones given on rent by individuals. They may be slightly expensive but the quality of the equipment is unparalleled with any other machine listed by any individual.

On the other hand, the equipment possessed by these entities are thoroughly checked before it is listed on their website. So it means that when the guys who want the equipment on rent comes to get the machine, he can be completely assured that he will be taking the best with him. These entities are slowly catching up the heavy equipment rental market and they particularly believe that the year 2016 will be a great year for their business. It is primarily of two reasons. The first is the construction and mining industry are at its peak and it does not seem to come down at least in this year and the second reason is people want quality stuffs and they also need assurance which is provided to them by such entities.

It has been witnessed that people who take machines on rent have a hard time to convince its owners that the machine has developed some complication that was beyond his control and the giver of the machine penalizes him for the problem. This issue is somewhat managed if they take the machine from these small companies. Since these companies have their engineers who can work on the problem they do not fine the takers for anything and everything. This actually increases the confidence of the takers on these companies and they prefer to go with them. Moreover, they are also assured that these companies pick new machines either directly from the company or majorly from banks that confiscate heavy equipment over non- payment of installments.

These companies have quite easily won over the hearts of the contractors and small construction houses and have found a good opportunity to make decent income.

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Have the other two talk about renting different pieces of equipment

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Giving heavy equipment on rent is a very lucrative option when you are out of business or do not have many projects in hand. You will keep getting some money at the end of every month. Simultaneously, it is very important for the two parties to talk in clear terms about the terms of agreement. The owner of the equipment should make all his terms clear to the taker like how frequently he should be servicing the machine, how many hours he can make the machine work in a day and if by chance any accident happens then the cost of repairing the machine has to be billed to the taker. He cannot give the machine back to the owner in a damaged condition. It is advisable that they should make an agreement once they have finalized their talks so that their communication does not remain verbal and have some evidence to back.

At times, there are people who are particularly looking for a piece of equipment and not the entire machine. They may have the entire machine with them but just want to put an add-on which is perhaps missing in their machine. They just want to rent that piece of equipment to complete his work and then return it after using it for a couple of months. He may not have the need to use that piece for a year or so but the need may be very temporary in nature. Their needs may be unique and he may not always get what he wants. It is ideally that the guy who rents his machine would like to rent the entire equipment and not just the part. However, things are changing now and more and more heavy equipment owners are ready to rent pieces of their equipment to others.

The best way to know who is renting what is to search for it on the net. There the seeker may get plenty of options and can come down to the best suitable option. The online sites also offer the option to make the payment online and then the giver can ship the item to your doorstep. Nevertheless, before you make the payment it is important that you get in touch with the party and if possible inspect the item you’re willing to take on rent. It is only when you find the item good enough to take it on rent that you should go ahead with it.

It won’t be wise enough to make the payment before you even inspect the item or have a talk with the owner. Remember, having a clear communication is far more important or else it may lead you to bigger problems. Once you have talked about all the important aspects and are willing to make a written agreement on it, you can then go ahead and pay him/her online. Always make the payment of the item through the website as that will leave nothing at risk for you.

Rental contract is a must before you let your machine

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Just like before you buy or sell your property, you make a purchase agreement which states all the information about the purchase in detail, in the same way, it is also a must to form a rental agreement before you let your machine to someone else. Heavy equipment are unquestionably one of the most expensive items that you possess in your construction business and in case you decide to rent it, you got to ensure that at the end of the contract you get the machine in order. Just in case, you do not form a proper rental agreement, there are high chances that the user may use the machine according to his whims and fancies and completely deteriorate the quality of the machine. So by the time you get the heavy equipment back in your possession, you got to spend a lot on the repairs and fixtures part which may not sound quite economical to you.

Rent the equipment to a person who has no issue signing a rental contract:-

It is always advisable that you let your heavy equipment to a person who does not have any issue in signing the rental contract. A rental contract is just a document that speaks about the terms and conditions that both the parties have agreed to before the owner handing the possession of the machine to the other party. It basically protects the rights of both the giver and the user. By forming a concrete rental agreement, there are less chances of the user misusing the machine. For instance, the user will give importance to regular servicing which he might otherwise not have paid much heed to. There is lot of advantages of forming a rental contract as it proves to be a healthy affair for both the parties.

Catch hold of a good attorney to draft your agreement:-

Drafting the rental agreement from an attorney who has ample of experience in this profession is of immense importance. An experienced attorney may suggest few points which you must have not even considered and which are quite important. They may charge you little extra but that will be really worthy. You can keep the same draft and use it again if you rent the machine to the next user. You may need the attorney but do not have to pay him the same fee as you did in the previous occasion.

Go to internet to check few drafts of rental agreement:-

In case you are renting the heavy equipment to a close friend or someone in your family then you perhaps do not have to form a stringent rental agreement. A simple one will do in this case. However, you still got to draft an agreement for which you need some help. It is recommended that you go to google and check few rental agreements over there. It will be really helpful and also you get that for free. You only need the help of an attorney to complete the legal proceedings for which they will charge you a very nominal fee.

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Borrow money to purchase heavy equipment or take it on rent

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Starting a new project and need heavy equipment? You are ideally left with 2 options. Either you can rent construction equipment or you can go ahead and buy it. The thing that you need to take into consideration is if you have hard cash to buy the machine or you need to finance it from a lender. The other option is more viable under certain conditions. You should rent the machine if you only need it for the project and once the work is done you have to discard it. If you fall in this condition, then renting the machine should be the most viable option for you. However, if you feel that you will require the equipment for your future projects as well, then it makes every sense to buy it.

Do not drain out all your reserves to buy the equipment:-

Just in case if you have hard cash available to buy the construction equipment, it is advisable that you do not shell out all the money to buy the machine. You never know when you will need the money and if you end up everything to procure the new machine, then you may have to experience some hard time to fix tough situations. What you can rather do is make an upfront payment of 20% of the total value of the machine and the rest borrow it from a lender. It is important that you do a thorough study of the different interest rates being offered by the financial institutions. Go to the one which will charge you with a lower rate of interest and also will not charge much closing costs. Take a calculated decision when you intend to buy a machine.

Ensure to pay your monthly payments in time:-

If you intend to purchase the machine and borrow money from a lender, you should also ensure that you pay your monthly payments in time. Please do not become a defaulter for even a month. That will have a huge impact on your credit score. So when you think about borrowing money, you should also keep in mind that you can’t play around with your credit score. These things must be planned in advance and if there are any deviations later, then that must be taken care by the reserves that you have with you.

In case you decide to take the machine on rent then you need to analyze the period for which you may need the equipment and how much are you ready to pay as rent.

Check online to rent a machine:-

The simplest option to locate the person who wants his machine to let out is on the internet. You can just type the kind of equipment you want to take on rent and the search engine will throw all the option that it has or call us at B&R Equipment. You can check the one you want and contact the giver. If you agree to his terms and conditions, you can finalize the deal.

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Construction rental equipment

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Buying heavy equipment are not everybody’s cup of tea. They are very expensive piece of metal with state of the art gadgets fitted on it. Though it is the requirement of every construction company big or small, not everybody can afford to buy it. It is therefore taking one on rent considered to be the most viable option. It is pretty obvious that you got to run your business and for that you need good machines. In case, you are not able to afford to buy them does not mean you should quit the work. You should search for alternatives and in this case the best would be to rent it from someone who does not need the machine.

There are many people who are willing to rent their machines. They do it because either their machines have gone old and they have already bought an updated version or they simply do not need them any longer for their existing projects. It is also better to not invest good chunk of money in buying heavy earth moving machines and rather utilize the money for completion of other useful tasks.

Construction rental equipment can be found in websites that deals with renting heavy equipment. You just have to become a member of one such website and check out the machine you want in your project. If you find everything perfect, you have to contact the giver, negotiate the price with him and finalize the deal. These websites have made things very easy and comfortable. One only needs to be careful while he is looking for the machine. He needs to very carefully go through the description and that is it? It helps in knowing if the machine he is looking for meets his requirements or else there won’t be much use for him to go through this.

The giver on the other hand also needs to ensure few things. Firstly he need to make sure that the machine he listing to let out should not have issues that will become a hurdle for the end user. In case, if there are any complications on the equipment, he needs to get it checked by a mechanic and make it all ok for the user. Since the heavy equipment has to go through a lot on the jobsite on a daily basis, there are high chances of it getting torn from inside. The giver can’t let out the machine in that condition and therefore the need of a mechanic arise. In case if there are any dents on the machine that also needs to be rectified.

Before listing the machine on rent, you should take some pictures of the equipment from all angles and put it on the listing. This will allow the viewers to understand if the machine is in good order. Rest should be mentioned in the description. Also, mention the rental amount and if you are willing to negotiate with the price. Leave your contact details on the listing for people to reach out to you.

Rent a medium range equipment rather than buying one

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Experts in the construction domain share the same view that requirement of heavy equipment are based on situation to situation. You can’t use one type of heavy equipment in every location. At times you need to change the kind of machine you are using and take something else. The large range heavy equipment can be used extensively in big construction sites which have the capacity to accommodate those big guns but if you are working in a congested site, you may not be able to make use of those big machines. At that time, you have to come down to medium or small range machines.

One of the plus points is that the medium range machines are comparatively less expensive then the bigger ones and hence one can easily contain it in his budget. Nevertheless, experts are of the opinion to rent a medium range machine rather than buy one. They see that the operating cost of the medium range machine is high and that might become a pain for you. In order to curb that issue, it will be prudent that you rent a medium range machine, use it to complete your project and then return it to the user. In this way, you do not have to worry much about its high maintenance costs other than the regular maintenance expense that will be born by you if it is stated so in the rental agreement.

The million dollar question would be how would you know who is renting what equipment. Well, the beat way will be to search it on the net. There are so many websites available that deals with online shopping of heavy equipment. You just got to key in medium range excavator or dozer or whatever equipment you are looking for. Please mention in the search bar that you want to take it on rent. It will throw you all the options it has. You then need to check which one meets your requirement. It will be better if you go through the item description well as that will help you to understand if this is what you are actually searching for. If you are finding this difficult, you can simply go to google and key in your requirements. There it will give you the link of the websites that deals with people who wants to rent their equipment.

Once you are in there, check the stuff online and if you like any, you can call them and move on for more options. In case you get a deal that you believe is the best, try to establish contact with the giver. They do have options that allow you to set up a contact with the other party. Talk to him and be explicit on your requirements. Also try to understand his clauses and if you see any room for negotiation, go ahead with it.

This is one of the best way by which you can save a lot of money by getting the equipment on rent and also fulfill your business requirement.

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Starting a Heavy Equipment Rental Company

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People who have possessed a lot of heavy equipment which are at present not in use and want to get rid of it by either selling it off or putting them on rent find it extremely difficult to find a suitable buyer/taker. It is pretty obvious that they may be engrossed with their work and hence may not find the time to do these things on their own. They are ideally looking for someone who can help them out in getting their heavy equipment rented to someone. In other words, they want their work to be outsourced to a third party who will take care of the renting or selling the item. This give birth to the need of a heavy equipment rental company who will take the responsibility to rent the equipment to a person who is ready to pay the rent on timely basis as mentioned in the rental agreement. It also becomes the responsibility of the person working in the rental company to ensure that all the documents are in place and no party can create any problem for the other party. If necessary, they should also come forward to mitigate and resolve any issues.

Few important pointers are discussed that are necessary to understand before one sets up heavy equipment rental company.

Kind of equipment you want to deal with:-

It will not be practically possible for anybody to understand all kinds of heavy equipment and therefore it is important to segregate the type of equipment one like to deal with. Either he can opt for small and medium range equipment or can directly go for large range heavy equipment or if he wants he can further differentiate it with the type of equipment he likes to deal with. For instance, if he wants to deal with just bulldozers and back hoe loaders, he will restrict his business to that. A concrete plan is of utter importance when one has decided to open a heavy equipment rental company.

Disclose your plans on your website:-

Whatever plans you have made for your business, make sure that you disclose them on your website. When you are new to this industry and people do not know you, they will refer to your website to know more about you and if they do not find anything there that speaks about your business or your plans, they won’t be much interested to use your service. If possible, also give a glimpse of how you are better than your competitors. You can state what additional features you are providing that is not given by your competitors. This will draw people’s attention towards you and in this process you may get some business from them.

Get your business registered if it needs to:-

Whatever you are doing, it got to be legal. Therefore, please make sure that you get your business registered or do things that let the government of your place know that you are involved in a legal business.

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Proper agreement is required before you rent your heavy equipment

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Construction business is never constant. It will have a rising as well as a declining trend and it may hit you hard when the trend is declining. Therefore it is necessary that you be prepared to meet the circumstances when things are not going the way you want. First and foremost you need to do away with your heavy equipment that are sitting idle. By doing away, it does not imply that you sell them off but you can make use of another option and that is to rent it to someone who has work with him but no heavy equipment. You can meet his need by renting the machine to him and in turn you charge him monthly rentals. In this way, your machine will be in use and there will be inflow in income on a monthly basis.

Since we are talking about renting the construction machine, we also should be focusing on another important fact and it is forming an agreement with the taker. An agreement with the taker is very crucial when you are handing over the equipment on a temporary basis to an unknown person. It actually guarantees that you keep on receiving the money till the end of the agreement and once the term is over, you can either renew the contract or can get back the possession of the equipment. Whatever the case may be, a contract with the party assures that your machine will be in order and if there is any major wear and tear that happens with the machine, the taker will be liable to bear the expenses to get that fixed.

An agreement is often made only after you are done discussing the terms verbally and you want to put everything on paper. It also implies that both the parties are accepting the terms and therefore it is there on the paper. The parties will then sign on the dotted line and then they are bound to abide by the terms mentioned in the agreement. If any of the side goes against the terms, they will be accountable and may be fined by the law of the land. Therefore, it is very important that one must go through the terms mentioned in the agreement thoroughly before they sign on the dotted line. Once it is signed they can’t go back on the terms.

The giver should mention the amount he will receive each month for renting the equipment and the total period for which he is renting it to the taker. He can also mention the type of care that the taker should be taking while the equipment is in his possession. Things like the time when the machine should be given for servicing, how long you can keep the machine working etc. also forms a part of the contract.

Renting the equipment has always been a viable option for people who have several machines lying idle with them and need someone who can make good use of them and in turn pay them the rentals.