Category Archives: Rental

Rent heavy equipment and make good money

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Construction equipment always yield returns to you even when it is not in use. It is just that you need to ensure that the machine is given to someone who can use it on his site and pay you for using it. Many heavy equipment owners are usually concerned with the state of their machines that they will get back after a year or so. They feel that the user will not take care of the machine the way they did and therefore it makes no point to let it out to a person whom they do not know and repent later. Well, as a matter of fact, the users of heavy equipment also understand the importance of it being in good shape and hence are bound to take good care of it. If they do not then they will be at loss as they are obligated to give it back to you in the same state as they took it from you. They will not want to ruin the machine beyond repair. Also if they fail to take care of the machine then it will just not work and their business will suffer.

For a construction company which has abundant heavy equipment and do not use them regularly, they can rent it out to small construction companies who can’t afford to buy construction machines. In this way, they not only help small companies to grow but at the same time they also make some money by doing this noble task. The point is how you would identify small companies who are in need of construction machines.

The easy option is by spreading the word that you want to rent your heavy equipment in your business circle. Let everybody know about it so that they will spread it out further and you will be reached by someone who actually needs the stuff. In this way you will rent the machine to a person who has come to you via reference. You can also check on that person through his reference and then only when you are assured that you are giving the machine in good hands that you should go ahead with the deal.

The other option available to you is to catch hold of agents or dealers who deal in renting heavy machines. In case if you are unable to find someone who is ready to pay you the rental amount you have quoted you better get in touch with these guys. They will help you for sure in hooking someone to your machine. They will also charge you some fees which need to be discussed in advance before the deal gets finalized. Before you let it out have a hearty talk with the user and tell him quite openly that you will not tolerate any major issue on the heavy equipment and if there happens to be a major problem then that needs to be fixed by the user and you are not liable to pay for its repairs.

Renting a water wagon

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Tired to inhaling dust in the construction site? You need to put them to rest by spraying water so that the dust settles down on the ground and you get some fresh air to breathe. It will also reduce the number of air-borne ailments and will thus keep your employees healthy. So if you have a big construction site and need to spray water in the entire place, you need a vehicle that is capable of carrying gallons of water and also simultaneously spray it along the site. This leads to the needs of a water wagon where you can store water for spraying on the site. All you need is attach a pipe to the hose and spray it along. A water wagon may not be an expensive item unlike other heavy equipment which costs a bomb but it still has a price attached to it and any construction company how big it is will not want to spend money in procuring an item that has limited utility.

So the best alternative is to take it on rent. There are companies who sell as well as rent water wagon to construction and mining companies. You can get the details of such companies on the internet. These companies are either directly involved in renting water wagons or act as third parties. It simply means that they will own the wagons and will let it out to people who are ready to take it on rent or will establish contacts with parties that are willing to let-out wagons and once they find a taker, they help in cracking the deal between the two and earn commission from both the parties. This is how they conduct their business.

Some rental companies deal with multiple orders. However, there are also companies which do not work that way. So before you approach any of them, first try to get some information about them and only once you have a fair idea and understand how convenient they are for you that you should proceed any further.

The second most important checkpoint will be the rental amount. Now there are several companies who may charge different amounts as rent. So you should be ready to negotiate with them. Just do not accept the quote they give you. Also do some research on the rental price of water wagons before you finally jump the gun? If the rental company is acting as an agent and, check in advance the amount they will charge.

You can spread the news in your business circle that you require a water wagon on rent. Someone for sure will get in touch with you and after checking the credentials if you find it worth taking you can go for it.

Renting an excavator

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Since the construction and heavy equipment industry has risen over the years so has many other industries that are associated with them have developed in these many years. Out of the many industries, one is renting heavy equipment. It is now never a problem to let out your machines as you will always find takers for it. Gone are the days where a person had to struggle giving ads in newspapers to find someone who wants to take the equipment on rent. Now people are educated about how to move ahead with renting equipment. There are number of ways by which you can rent your machine. You can get in touch with a rental company whose main focus is to find parties who have need to give the machine and rent as well as take it on rent. So primarily, they try and bring both the parties at a common place and strike a deal between them. The other option is going online and listing your machine there.

The heavy equipment that people take more than anything is an excavator. It seems that an excavator is quite a flexible machine which can be used for multiple purposes unlike other heavy equipment. You only need to change its attachments and it gets ready for work other than excavating. Due to its flexibility, it is probably the only machine that is high in demand and often gives the owner a good rental value. You can try and know the rental value of your machine from rental companies or from websites where people list their excavators on rent. That is really not a tough job and can help you to know the correct value of the excavator.

Ensure that the excavator is in good shape:-

Before you rent your excavator, it is very important to you ensure that the heavy equipment is in good working condition. If you see any issues with it, get it fixed before you rent it to someone. It creates unnecessary hassles if you hand over the stuff with some faults in it and without informing the user about it. They might even feel cheated and many not want to do any further business with you. This all puts you in a negative light which may turn uglier if he spreads it out to other people. You may find it hard to rent the excavator to anybody else. Also, paint the machine and make it look new every time before you rent it to a new person.

An agreement is mandatory:-

You are required to make an agreement where you explicitly state that you are giving the excavator on rental basis and the person will return it with no or minor wear and tear. Also mention the amount you will receive as rent on a monthly basis as well as the tenure of the contract. Any other details that you feel is important should be mentioned in the agreement. You can appoint an attorney for this purpose who can take care of this part.

Unable to sell your heavy equipment – Try renting them

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It is quite difficult to sell an expensive item how old it may be. You may just not get any buyers and this could be really frustrating at times when you are in dire need of money. At the same time, you may want to get rid of an expensive stuff that you no longer need but you are also not ready to sell it at a dirt cheap price which is why you are not getting more buyers. The people who are interested to buy the item often show their displeasure after knowing the price of the item.

People belonging to the construction industry have often experienced this kind of situation when they are hunting for buyers to sell their heavy equipment. Either you have to sell it at a cheaper rate or you just won’t get more buyers. The reason is simple. People who would be interested to buy a second hand heavy equipment will normally be small time contractors or small construction companies who have just begun their journey in the construction sector. They will have many strong reasons will not want to buy a machine that is though quite useful to them in their business is nevertheless expensive and out of their budget.

If you are part of such a situation it will be prudent for you to give up the idea of selling the machine and think about renting it. In this way, you can earn money on the machine and then the day you feel that it has gone real old and you will not mind selling it as scrap, get hold of a scrap dealer and finish the work. Till then stick to the idea of giving it on rent and earning money without having to do much. Many big construction companies who have lot of heavy equipment under their possession normally lease their machines to small contractors who in turn work for them in their projects. In this way, the machine is used for his construction work and he also manages to make good money out of it.

If you are not a giant construction company and do not possess too many machines to follow the above idea, you can play it smart by renting it to other contractors. You will find many such people who are in hunt of guys willing to lease their machine. You have to just talk to people about it. Talk to your friends who are contractors that if they know anybody who is looking to take the machine you have on rent. Try to spread it across to as many people as you can and you will get responses. Try to give a reasonable quote that is acceptable to the other party and if all sounds good then you should go for the deal.

Before you rent your heavy equipment please try to refurbish it by painting the machine and making it look new. People expect a machine that works and you need to ensure that the parts in the machine are in good condition and it will work for the period that it will be on rent.

Things You Should Know before Renting a Bulldozer

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Bulldozer is very important heavy equipment commonly used in construction industry. They are powerful machines, which can effectively remove the stumps and boulders, help in demolitions, aid in excavations and can raze brush. They are often used in clearing of large acres of forest land to be converted into a productive area. It is often observed that construction industries prefer buying it on rent or on lease. While first time buyer may not be aware of such options. Many a times, after purchasing a brand new bulldozer, the user is not satisfied by its working or finds it limited in its functions. Purchasing a new bulldozer is a very expensive, hence it may be wise to take it on rent especially in case of first time users

 

The following are some of the tips for the buyer before renting a bulldozer:

  1.  Purchase of equipment which is in good health:

Although it is used equipment, buyer must take care that the equipment must be in good health. Very old equipment if taken on rent may operate sub-optimally during the rented period. This may lead to unnecessary expenditure due to repairs. Hence the used equipment not more than 5 years and in working conditions must be selected. The buyer should inspect the machine thoroughly for extent of wear and tear. Check the engine, leakage problems if any, welded parts (sprockets, tracks and arms), working of gear and brakes, rollers, and perform oil analysis.

 

 

2.  Nature and length of work :

Buyer should know the exact nature and volume of work. This will enable selection of an appropriate model of bulldozer. It is essential that buyer should know the exact period of requirement of rented bulldozer, since it needs to be mentioned in the agreement.

3.  Product specifications:

Among the different types of equipment models present, buyer should determine the size and shape of bulldozer. Choosing the right type which is best suited for the nature of work is necessary.

4.  Requirements and limitations of a used bulldozer:

Bulldozer has to be filled with fuel at least 3-4 times in a day and its parts needs to be greased at regular intervals. This machine has to be checked daily for maintenance issues. Bulldozer has a limitation that it cannot work throughout the day. Hence, the buyer should determine the extent to which a used bulldozer can work effectively. Further, it is necessary to know if the site conditions are suitable for the bulldozer to work, since it cannot work on any terrain. The tracks of bulldozer need to be often cleared.

5.  Safety requirements:

Bulldozers are huge equipments and one needs to follow instructions before operating them. They are dangerous equipments and should not be used without following instructions. Since mistakes committed while operating these machines can lead to accidents. The buyer should become familiar with its parts and the way it operates before using it. If the buyer is not familiar or comfortable operating bulldozer, then should hire an experienced bulldozer operator. Further, buyer should ensure safety by wearing safety belts, ear plugs and dust masks to prevent health problems.

6.  Expenses incurred:

Before taking bulldozer on rent the user must be sure to bear the expenses in form of rental cost, hired operator cost, maintenance costs, fuel and greasing costs, and cost of safety aids. Rental expenses vary since it depends on the length of the rental contract and age of the machine. To know the appropriate rental cost, buyer should compare prices by referring to websites. During the rental period, it is responsibility of the buyer to to maintain the machine well before handing it over to the service provider.

Overall, renting of bulldozer is beneficial since is cost-effective for construction companies and in cases where the bulldozer is required for short duration of time or for seasonal work (thereafter it is of no use). It allows the buyer to discover if the selected model has application for the intended work.

Following these tips can guide buyers in purchasing appropriate bulldozer on rental basis and get the job done well.

Things to keep in mind before renting heavy equipment

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Small construction companies often find it difficult to function due to non-availability of required heavy equipment. Heavy equipment being an expensive piece of metal, they often themselves to be incapable of buying it and therefore they try to use some alternative which falls within their means. For such companies, the advice that one can give is that they should start looking at heaving equipment which is available on rent. Buying heavy equipment can definitely be an expensive affair and no small construction company can afford to go with that as an option. So the next best option is to catch hold of a person who is willing to give the machine on lease. This means that you can own the heavy equipment for a temporary period and can make full use of it till the end of the project or till the time you require the machine. You certainly end up paying a small amount as rent but it is worth the stuff. You do not lose much from the deal. On the contrary you gain more than what you spend.

There are few things that one must consider before they start looking for heavy equipment on rent.

Check if the machine is in order:-

To check if the machine is in order is one of the most important criteria that the taker should consider before he signs on the dotted line. Many owners of heavy equipment lease out their age old machines thinking that they will get some takers for it. All that they do is they paint the machine and make it look new. Some are not even bothered to repair the machine as they feel that there is no much use of it as the machine will come to the same state as what it is now. If these things are not checked then the ultimate sufferer is the guy who takes the machine on rent. He has to call up a mechanic and get the machine checked and also spend money to replace vital parts which was in fact the responsibility of the owner.

Insist on an inspection:-

It is you who have to insist on an inspection of the heavy equipment. If you have been operating heavy equipment since years and you know the in and out of the machine, you can do the inspection yourself or it is recommended that you take along an expert or a mechanic who can inspect the machine for you and can advise your accordingly. This is quite important to be done as you know the actual state of the machine and if you have to make any further spending once you have taken it on rent.

Insist for a lease agreement:-

A lease agreement is a mandatory requirement for every rental contract. The contract speaks in volumes about the rights of both the owner and the taker. You should know your rights and also realize the steps that you can take in case you see yourself being cheated.

Renting a backhoe loader

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If you have an asset which you are not using and that can be rented should be let-out without giving much thought. The reason is if you just keep the asset with you and do not use it, with the passage of time it will wear out. This means that you do not gain anything from it and you are slowly losing out on an asset. This makes absolutely no sense. In the construction business there are many small construction companies as well as contractors who are in hunt of heavy equipment and are ready to give a good rental price if they get something worthy. So for instance, if you own a machine and you do not see any use of it in your business for the next many years then it just does not make any sense to keep it with you. You end up paying a good price to maintain the machine which you will not use for many years.

Backhoe loader is one such heavy equipment that is known for its sheer quality and high class performance. Therefore renting a backhoe loader can always assure you good returns. All that you need to ensure is that you keep the loader in good state. Keep the machine well maintained till the time it is there with you and you have put it to some use. Also before you list the machine for rent, make sure that it is up and running. Try to take some help of a mechanic. He can fix the loader if at all it has any issues. Moreover, you should paint the machine and make it look new. We all want to acquire new things in our lives. So what if the next guy will own it for few months, it will still prefer to take it once it is painted and it looks new.

Use online platforms:-

Listing the backhoe loader on an online platform is perhaps one of the best options you can use. There are number of websites that deals with selling and renting machinery online. Right from an air condition to a car, you can find everything online. You have to first become a member of one such website. Take some pictures of the loader and post it on the website. Give a brief description of the machine like since how long you hold the machine, if it has gone through any minor or major accidents or have you recently changed any of its parts and things thereon. This information will be handy for the viewer and will help them to decide if they should go for your stuff.

Do not quote a high price for an old loader:-

You should be very careful while you quote the price of the backhoe loader. If at all the machine is old and has been repaired several times, you should quote a lesser price for the item. The taker should not feel cheated or else it can lead to further complications. It will be a waste of time to get into such unwanted situations.

Renting a motor grader has now become simpler

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Construction of roads has now become a healthy business and many small contractors are lining up to get a piece of the cake. They want the road construction projects to be given to them so that they can make good money once the work is done. The overall cost of the project is understandably much lower than the actual contract price which is why contractors find it to be a comfortable one to get into. Now in the road construction project, motor grader plays quite an instrumental role. The primary function of the motor grader is to grade a piece of land and level it so that while you go to construct the road, there is no unevenness found on the surface. This process is normally done before placing asphalt on the surface of the road. In a nutshell, without the application of a motor grader, you will not be able to construct good wide roads.

Though these graders are not so expensive to buy but still contractors prefer to take them on rent. The reason is these machines are not used through the road construction process. It is only used wherever some sort of grading work is required. Alternatively, if someone owns a motor grader, he may not use it always. The need of a grader is quite specific and once the need is fulfilled the machine is left idle for most of the time. Therefore it makes absolutely no sense to buy a machine that has a lot of importance while building roads but has a very specific purpose attached to it and can’t be used for multipurpose work. The best option is to take it on rent for few months and once the work is done and you no longer need the machine, you can give it back to its owner.

This limited need of the machine gives rise to another form of business and that is renting of motor grader. There are some companies who buy graders in bulk and then they let it out to the ones who need them for road building. These companies work in close nexus with contractors who are primarily engaged in road construction work so that if ever anybody requires a grader, they can make it available for them. The rental amounts they charge from these contractors are a bit lesser than the rentals charged normally.

Now for individuals who have bought a grader and do not need it for some time can rent it on websites or can simply approach these companies who in turn will route the machine to someone who needs it. They may charge a certain amount of fee for their services. An individual can first try it out on a website and check if he gets some response and in case if things do not work out for him there, then he has these guys who can get it done for him. Overall, a grader is such a machine that has pretty decent demand in the construction arena and will never find it idle if someone wants to rent it out.

Renting a Scraper

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Companies which are ideally into earth moving business find Scraper as quite crucial heavy equipment. They may use other heavy equipment as well but a large portion of their business is covered with the help of a scraper. They can’t depend on an excavator or for that matter a grader which is also highly used for landscape or site development work. They need to get the dirt out of the site and for that reason they need nothing less than a scraper. A newbie should rather invest his money into buying machinery that matters the most for his business; for instance, hiring human resources. As far as heavy equipment are concerned they can also be picked up on rent. This brings us to the topic of how big is the rental business when it comes to heavy equipment.

A person who has just set his foot in the construction domain and is finding it hard to come up with the expenses to meet his business requirements, it makes no further sense for him to spend anything on scraper, especially when he has the option to get a Scraper on rent. So is searching an owner who wants to rent his scraper a difficult task. Well, it is not at all a difficult one. All you need to do is go through the right channel to get the scraper you want. You basically have 2 options. The first one is by contacting an rental house who provides different kinds of heavy equipment. So going to him will be useful as you can speak about your needs and you will be suggested accordingly.

Taking help of a rental house also serves another purpose. They may guide you with the best available option which is not possible in any other mode. Just in case you are not sure which model of scraper you should be going with, the guidance of the rental house proves to be fruitful. If the rental equipment company is into this business for a long time, he may have well established contacts with the owners of heavy equipment which mean that you do not have to wait for long to get the scraper and start your work. It also protects the interests of both the parties. So if there is any sort of issue that crops up after the deal, you know whom to catch hold of.

The second option through which you can get a scraper on rent is by becoming a member of an online website that deals with renting heavy equipment. In this case, you need to know the kind of stuff you want for your business as you will have none to advice you. So do your research well and then hunt for the scraper. The online companies tend to protect the interest of both the parties but may not be as effective as the first option. So you need to be sure of what you are doing.

Renting a bulldozer can pay you off handsomely

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We buy heavy equipment on the basis of our needs and it has been often seen that after upgrading the heavy equipment, we are ultimately left with 2 machines of the same stature. So what we eventually think is to do away with the old one since we do not see any need of it. Well, we are wrong if we think about selling it off unless the machine is too old for anybody to use it and you sell it as scrap. However, when you have the option to rent the equipment why go for selling it. Bulldozer is often the first equipment possessed by a contractor. He may need it for his demolition business but then after a point in time he will think of upgrading his arsenal and might buy another one which is far more technologically advanced. In a situation like this, he can end up renting the previous machine and continue to make recurring income.

There is always a market for renting bulldozer:-

Bulldozers will never find themselves out of market. As long as the construction industry is in existence, dozers will have their place in this segment. Therefore, the dozer you have and you may not need it will always find someone who will want to use it. You can let it out to them by making a contract for a week or month or year or more than that and also fix an amount that you will get as a compensation for letting the other person use your machine. There are many contractors who are in constant hunt for dozers as they can’t afford to buy a new one. They are pretty happy to pay the rental money in lieu of the dozer.

Dozers are eye candy for demolition business owners:-

People who are into the business of demolition do not intend to make big investments. As a matter of fact, this is probably one of the few businesses where you do not need a lot of capital to invest to kick start your business. All you need in the form of heavy equipment is a dozer and few accessories that you need on the dozer. They certainly do not want to buy a dozer which can prove to be very expensive to them. The best alternative for them is to get it on rent. Since the rentals of dozers are comparatively cheaper than other heavy equipment, it certainly fits into their pocket. Simultaneously, getting a demolition job is simpler; they can easily afford to pay the rents without any defaults.

Can demand higher rent if machine is in good condition:-

The instrumental factor that determines the rental price of a dozer is the condition of the machine. If the machine is in good health then the price can be a bit higher but if it is not then you can’t expect a good rental value from it. This means that you got to take good care of your machine whether it is in use or not so that if ever you have to let it out, you can get a good price for it.

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