Tag Archives: Rent Construction Equipment

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.

Online platforms have made renting heavy equipment easier

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Many newbie after starting their business in the construction domain has experienced the problem of shortage of heavy equipment. It is because of this issue they lose many important projects that can be a life changer. This is when they feel dejected and some are even forced to shut down their offices. Well, as a matter of fact, things are not that bad as it may seem to be for guys who really want to make a career in this profession. Unquestionably, heavy equipment is very expensive but that does not mean that one can’t operate his business just because he can’t afford to buy them. Well, if you can’t afford to buy them you can definitely afford to take them on rent and that is the most viable option you can take to carry on with the business.

The question is how one can trace people who are renting their heavy machinery. This was a difficult job few decades ago but after the inception of internet that has taken over the entire globe this is no longer a challenge. There are numerous online platforms that are helping people to meet their business needs. It was not that the taker was experiencing the problem of not finding someone who is ready to let his machine but the owner equally experienced the same issue. However, with the advent of internet a lot of these problems have come to rest.

All you have to do is register yourself with an online platform that deals with buying, selling and renting heavy equipments. There are also other online portals that deal with almost everything. So you got to first ensure that you have reached the right platform. It is advisable that you register yourself with a website that exclusively deals with heavy equipment. Such online portals can be very useful as you will get to see heavy machinery of different brands and of different types. You will not be restricted to just one type of machine. You can just search for the thing you are looking you will get all under one roof. This was not possible before internet could make its presence felt to the people from the construction industry.

Though internet has been helpful to many people from all walks of life, but if we limit our focus to guys from the construction and heavy equipment domain, this technology has been nothing less than prolific. There are few instances where some buyers were cheated by fraudulent sellers but the online portal owners are looking into these cases and making their laws stringent so that rights of both the buyers as well as sellers remain protected. Frauds can happen in any industry and in any kind of environment. The rise of internet should not be blamed for any fraudulent activity. On the contrary, norms should be made so that renting heavy equipment online can happen risk-free and more people can reap benefit from this technology.

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Make use of right platforms to rent your heavy equipment

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When you are dealing with highly priced items, it is very important that you follow the right platforms to deal with them or else it may lead to various sorts of complications in the future. It may also lead to losing the heavy equipment forever. In order to avoid any confusions or hindrances, it is crucial that you follow the right platforms and you will find things going your way. Construction equipment is quite expensive. You buy a machine for thousands of dollars and put it to use for few years. After which you feel the need to upgrade your arsenal and have to do away with the old machine. However, if you are not a filthy rich guy, it will definitely pinch you hard to just let go the old metal. If possible you may want to retain the machine but if you do not see any use of it, then there is absolutely no point in keeping the junk with you.

In such a situation it is prudent that you let-out the machine to another user and collect monthly rent from him. In this way, you still possess the equipment and also have put it to use and simultaneously getting good money as rent. Now, when you talk about renting the machine, it is quite imperative that you follow few parameters that will let you rent the equipment without any risk of losing it. Following few essential parameters means that you rent the machine through proper channels and by following right set of rules.

First and foremost you should be checking the right channel through you can search takers who would be willing to take your machine on rent. You can depend on newspaper classifieds or websites that exclusively deals with heavy equipment. Most of the websites that deals with purchase and sale of heavy equipment also works in the sphere of renting them. You have to classify one such website that is pretty famous within the masses. By posting the heavy equipment in that website will increase its viewership. People from across the country will get access to check the ad and anybody is interested will get in touch with you. You can then decide if you want to ship it to a different city or want to give to someone who is from your city.

You may charge the shipping cost from the taker but that has to be informed to him in advance. One more thing that is more important that discussing the shipping cost is the rent amount and the period for which they are seeking to rent the machine. Also, you got to state them very clearly the duration at which they need to service the machine. If the machine will be used extensively then servicing the machine should be more frequent. Make sure that you prepare a proper rent agreement with the taker and mention all the valid points that you guys have agreed to in the agreement. Once the agreement is signed, you can ship the machine to the taker.

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Few basic rules to follow before you rent your heavy equipment

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Before you begin doing anything, you got to follow few very basic rules that will lead to its successful completion. Be it studies, sports or business, there are some rules for everything and you can only do that thing correctly if you follow those rules. Here we will be talking about what one should do while they are renting their heavy equipment. What are the rules one should follow when they are planning to put their heavy equipment on rent.

The very basic rule while you rent your heavy equipment is to identify the machine that you want to let out. Identifying the heavy equipment is done basically by knowing if the machine is being put to any use in your existing projects. If you find the machine is lying idle for months, then that is the one you should be putting on rent.

Simultaneously, you also need to check if the machine is in order or is it lying down there because it is no longer in working condition. If this is the case, then you have to firstly get it repaired by a good service guy and then look at the possibilities if it can be absorbed into any of your existing projects. If you do not see any need for it then you should think about renting it. However, if you see that the machine can be accommodated into any of your projects, then the question of renting the machine does not arise.

After having identified the heavy equipment and also finding it qualified to let it out, the next step would be search for someone who would need the heavy equipment and would be ready to pay you the rent for using it. You may find this to be little difficult. It is not easy to get hold of someone who will treat your heavy equipment like his own, service the machine at regular intervals and keep good care of it.

You need to place ads in various websites or newspaper classifieds from where you can get people interested to take it on rent. The most viable option is to place the ad in a recognized website. A website that many follow to take heavy equipment for rent should be your next target. You need to identify such a website and place the advertisement out there. The remaining process may follow swiftly. You may receive calls from people interested in your heavy equipment. If you are willing to negotiate the price, you can do that over the phone or else you can strictly state “No Negotiation”.

Once you get a person, the next process will be to draft an agreement. You can catch hold your attorney who prepares such drafts. There you need to state in all the terms and conditions and it should be agreed upon by both the parties. Once the draft is legitimized, both the parties are bound to follow the terms of the agreement. After the agreement is done, you can hand over the machine to the user.

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Want to rent/buy heavy equipment. Avoid involving middlemen

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Heavy equipment are highly expensive items and people who deal with buying, selling or renting heavy equipment usually earns good commission out of it. However, the person who has to pay commission may not find himself in a comfortable environment to pay money just to procure machines. The buyer in this case pays to two parties. First it is the seller and the next is the agent. So eventually, he ends up paying more for the same item and therefore he may not be so happy with the transaction. On the other hand, the seller also needs to pay his part of commission to the agent. This means that the agent gets a good deal of money from both the parties. His part of work was to understand the needs of the buyer and then search for a seller who is selling exactly what the buyer is looking for and ultimately introduce both the parties to each other. He needs to push the buyer a bit to buy the machine and if he gets convinced, the sale is done and he gets the commission.

The seller does not have much to lose here as he gets rid of the machine and does not mind paying someone who has helped him to get it sold. The problem is with the buyer who has to pay for the heavy equipment and also to the agent. Now by any way if he can manage to get the agent out and deal directly with the seller he does not have to pay any cut to anybody. So just pay the price of the machine and it belongs to you. The difficult part would be to locate the seller who will have exactly the stuff he needs.

Well there is a solution to this. We have many online portals that deal with buying, selling and renting of heavy equipment. So all you need to do is become a member of one such website and search for the heavy equipment that you require for your business. You will find almost everything under the sun. Right from scrapers to loaders and from CAT to Volvo, you will find a seller for all kinds of heavy equipment. The important part for you would be to join the portal that does not charge any fee from the buyer. The seller usually does not mind paying a small amount as fees to the online portal.

There are also some agents who work in the same manner as the online portals do. There is no harm in using the service of the agents as long as they do not bill you for earning commission. So you got to be pretty sure that they are not charging anything from the buyer and if they do, make it clear to them that you do not want their service as you do not want to pay commission to them. Try to avoid the involvement of middlemen ad it can save lot of your hard earned money.

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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

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.

How to be a successful heavy equipment rental house

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It is not always necessary to get into a construction industry to become a successful person in that domain. You can join other spheres that are quite closely interconnected with the construction sector that has the potential to make you the man or woman you want to become. It can give you the success you have always desired for and prove to be a very rewarding business for you. All that you need to have is good contacts with people who want to give their heavy equipment on rent and then reach out to those segments who want to take those machines on rent. Or work like a company like B&R Equipment.  If you are able to qualify yourself in doing that work, things will become really easy for you and you will start making good sum of money month after month. So you need not have to step into the world of construction and still you get to make a good deal of money.

We will talk about few steps that are required to make it big in the heavy equipment rental house.

Remain in close contact of both the parties:-

In order to sustain in this form of business, you got to remain in close contact with both the parties. The one who want to rent his equipment and the other who want to take the stuff on rent should be in your close reach and you should be in a position to identify the wants of the taker and check if that goes correctly with the giver. It may be difficult for you to remember who wants what so it is recommended that you try to maintain a log or a data sheet that has the name, contact details and requirements of the taker. Then you can try to match it up with the heavy equipment the giver has in his possession. Once that is taken care, you only have to act as a bridge and let the 2 parties meet and decide if they want to go ahead with the deal.

Dealing with the paperwork will make life simple for both the parties:-

Once the deal is through, there involves few paperwork that needs to be taken care of. An agreement that has all the clauses in it should be signed by both the parties and if you take the onus to draft the agreement by charging a nominal price or doing it free of cost will only help you to get more businesses from them. Doing the agreement part is quite a hectic job and the parties involved in the transaction ideally want an expert to take care of this. So you have the opportunity to handle this one and gain the trust of both the giver and the taker.

Going online can be a huge hit:-

This is the internet age and people browse websites for every little thing that they want to know. So if you start up a rental company, the first thing you can do is advertise yourself on the internet and if possible also try to create a website that will act as a platform to both the parties to come and transact on your site.

No point in buying new equipment when one can get it on rent

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Construction industry falls in that category of industries that has huge requirement of finances for some reason or the other. They need money to take care of the operating and non-operating expenses, pay the workers their wages etc. They also have to check on the kind of heavy equipment available with them so that in case there is a need to get a new machine they should have the funds to go and get it. Heavy equipment are quite an expensive stuff and one got to be ready in advance and keep the funds available to ensure that the need of the business is fulfilled. Having said this, there is one point that the owner of a construction company can ponder. In case, if they can get the same machine that they are looking for on rent rather than having to buy them, it may save a lot of money of the company and simultaneously they can make use of the funds that were parked to buy the machines to take care of some other business needs.

There is however one very important point that you should keep into consideration before you rent a machine. Since you would be using somebody else’s equipment, you should ensure that the machine has all the features that you would be requiring for the project and the machine is in good shape. You should probably take an expert with you who will examine the machine before go ahead with the deal. You should not end up taking equipment for which you have to repent in the future.

Few other pointers that you should know before you sign on the dotted line.

A brief history of the machine:-

To know a few things about the machine will always be beneficial as it will help you to negotiate with the giver. For instance, if the machine has some cases of accidents then it puts you in a position from where you can demand for a deduction in the rentals. Negotiations like these are always open and the taker must be ready to take chances wherever and whenever it is applicable. Knowing the history of the machine will also give you the idea of how old the machine is and is it at par with the construction equipment that comes with the latest technology gadgets. This will help you to decide if you should be eventually going for the deal as it makes no point in renting something that is technologically backward.

Knowing the tentative duration of the project:-

You should at least be aware of how soon you can complete the project. On the basis of that, you would be renting the stuff. Always rent the machine for an additional 2 months from the tentative date of completion. You never know if things may get delayed and you have to prolong the use of the equipment. Often the giver rents the machine keeping into consideration that he may not need the machine for a specific time and if he rents it to you he may ask you to hand it over once the terms completes. So if the work is left incomplete and he asks you for the machine, you will be left in a murkier situation. To avoid this, you should rent it for 2 extra months and keep things in your control.

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