Tag Archives: rent heavy equipment

Heavy equipment should be checked well before taking it on rent

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We normally have the tendency to check the in and out of the stuff before buying it. We do this to ensure that we buy a worthy stuff and not a waste. Now when we are buying something for our business we need to be double sure that it is of good quality and will last for years. But do we have to check the quality of a product that we will be taking on rent. There should be no question that whatever we take related to our business should be of ultimate quality irrespective of us buying it or taking it on rent.

In the construction industry, companies often take heavy equipment on rent. Taking machines on rent is not a practice that is followed by the small construction companies or small time contractors but even big companies on many occasions have rented different types of equipment. They do it for a very simple reason. Construction companies deal with different types of projects for which they require different types of heavy equipment and it does not make any sense to any matured construction company to spend their money in buying heavy equipment when they have the option to get them on rent.

One of the fundamentals that one should follow before taking construction machines on rent is to check the machine well. If only the machine is in good standing that the company should be going ahead with the deal.

Locate the heavy equipment:-

Primarily you have to locate the heavy equipment that you need for your business. You can check with people in your business circle if they know anybody who is renting heavy construction machines. You can also try to get a review of the person so that you know the quality of machines he gives on rent. You can then call up the person and check if he/she has the machine that you need and if he/she has what you have been looking for then ask him to give you a time to inspect the machine. Do not give any commitment before you have seen or examined the machinery.

Check the working condition of the machine:-

The heavy equipment the person is showing you may look good from outside but you do not know its worth as long as you have not worked on it. Therefore, if you are a person who know to work on heavy machines should take a trial and check if it is working smoothly. Just in case, you do not have the technical know-how of heavy equipment it is advisable that you go along with a mechanic and an operator who will examine the machine and will give you precise suggestions. You should also check with the owner of the machine if they have recently changed any of its parts and has there been any issue with the machine that has been fixed by any mechanic. It should not happen that after you have taken it on rent and some problems resurface and you got to face the music.

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Renting your heavy equipment can fetch you good money

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Big construction companies are always in search of state of the art technology machines and the ones that are redundant; they have to take the call to either sell it off or to give it to somebody on rent. Selling could be a good option but at times it becomes real tough to get buyers. Not everybody has enough money to spend in buying used heavy equipment and that too when they know that their project is only for a limited period of time and thereafter they may not need the equipment for the next many months. The big companies can’t sell their used machines to another big construction house. They have to look for small companies or contractors who ideally take machines on rent and once the work is over they give it back to the owner.

This ideally leads to two things. Since the owner do not require the machine and also does not want to keep it idle can make full utility of it and in turn can also earn some descent money and the taker in other hand also fulfills his requirement. Therefore it serves the dual purpose and makes life simpler for both the parties. However, there are few things that is needed to be taken care before you put the machine on rent.

Check if the machine is in good order:-

Since the machine was lying idle for days, there are high changes that the machine is not functioning as it should have been and therefore it becomes your priority to check if it is in good working condition. In case you see the equipment has become non-functional, take help of an expert mechanic to fix the machine. Try to replace all the faulty parts with new stuffs and ensure that you give the equipment in the same condition you would like to take had you been the taker. It is also important to paint the machine or remove any dents to give it a new look. Add some stickers on the dent to cover it.

Making an agreement is a must:-

When you are renting your equipment, it becomes very crucial to make an agreement putting every possible clause that keeps you on the safe side and also ensure that your equipment will be in order. You should state in the agreement that if anything goes wrong with the machine then you have full authority to charge penalty. An agreement will protect your rights and also the right of the taker. Hire an attorney who has experience in making such agreements. They may know what all clauses should be there in the agreement and will prepare the draft keeping in mind the interest of both the parties into consideration.

Make a quarterly visit to check your equipment:-

You must clearly state that you would like to make a quarterly visit to check your equipment The person who will be taking your equipment on rent will realize that you give lot of importance to your machine and this will compel him to take good care of your machine.

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Renting heavy equipment is far better than leaving it idle

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A person belonging to the construction industry has to go through different phases. Some are good, some bad and some even ugly. It is very evident that all construction companies make good money during the good times but the problem arises when the tide turns for bad and they do not have work in hand. This is when most of the companies take difficult decisions like sacking employees or disposing their resources, which heavy equipment are also a part of. It is certainly not wise to give away those expensive pieces of metal at a dirt cheap price and therefore if one has an option that can avoid them to sell the machines, they should pick that up.

Renting heavy equipment is considered to be the most viable option one can consider if they do not want to really get rid of their machines. If they pick this option, they will be able to make money on a monthly basis and can also retain the stuff once the tenure ends. This means that they never lose their title from the construction equipment and has every right to claim the machine once the period mentioned in the agreement is over.

Few things one must consider before they think of renting their heavy equipment.

Finding a taker who will take good care of the machine:-

It is very important that you get someone who will treat your machine with the same care that they would have taken for their own machine. It has been witnessed that people who rent heavy equipment use them very roughly and not care much of its maintenance. Thus, it deteriorates the quality of the machine and you may find it giving a lot of issues. In order to avoid this kind of problems, you should mention in the agreement that you can make visits to check how they are treating the machine and the visits can be in an interval of 3 months. In this way, you can ensure that your machine is in order and when you get it back, it will be working fine.

Rental contract should be in order and should protect your rights:-

When you make the rental contract with the taker, you should make sure that you pen down all the important points that will protect your rights as the giver. Please remember that you are not selling the machine that you will have no liability on it later on. You are just renting it and it should not happen that once the period is over, you get back a completely worn out machine. Also state the date by when you should get the rental money in your bank account. In case you want, you can give them some breathing space just in case they need some extension to pay the money, but that should not happen regularly. If they ask for an extension once in a blue moon, you can consider it, but if they take you for granted, it is definitely not a good sign.

 

Renting a motor grader

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Almost all kind of heavy equipment can be procured on rent. So you need not buy one but still can possess and use it. You have to compensate it by paying a monthly rent but it makes a lot of sense to pay a nominal amount on each and every month rather than spending a bomb on buying a machine and paying interest to the bank. Moreover when your job demands using different types of heavy equipment, it is certainly not feasible for anybody to shell out all their money buying earth moving machines. You may not have any resource left to operate your business and eventually you will be forced to do away with all the heavy equipment that you have bought. Therefore, limiting yourself to using heavy equipment on rent is probably the most viable option you can opt for.

If you are in the construction business you can’t work without a motor grader. For the grading work you will need a grader and buying one during the initial stage of your business may not sound to be the right option. Though a grader cost lesser than other machines but it still costs a fortune when you are new to the business and needs monetary resources to take care of other responsibilities. So you may go with renting a grader. But before you take it on rent there are few things that you should make a note of. The first and the most important thing that you need to check is the health of the grader. Going for a grader that is not much old should be your priority. They may be a bit expensive when it comes to the rental part but you can always keep the negotiation on to make the stuff fit your budget.

Second is the tenure for which you need the equipment. Analyze your project plan and estimate the duration for which you may need the motor grader. You can then accordingly inform the owner of its duration. It may be possible that the owner is ready to lease it for a short period and you may need it for a longer duration. So there will be a conflict in your needs and might give rise to complications in future. Therefore, before you go to sign the deal be clear on the term and if the owner is ready to rent the machine for that period. This should also be documented in an agreement which is the third most important aspect that you need to take care of while you are procuring a motor grader on rent.

An agreement is a written document that speaks about all those aspects that were agreed by both the parties and has now been put on papers for reference. Take help of an attorney who specializes in making rent agreements. He is the person who knows all the points that needs to be mentioned on the agreement. So once your paperwork is in place, you can have the motor grader shipped to your jobsite.

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

Renting a track loader

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Renting business has gained a lot of momentum in the last few years and this has led to many people taking advantage of this opportunity and letting out their heavy equipment to people who need them for their business. So if you have any heavy equipment that is being unused and you want to get rid of it, rather than doing it away completely, the better option is to rent it out. By renting it to a person, you not only earn recurring rental income but can also sell the equipment at a better price in the future. All you got to do is refurbish the machine and put it on sale. Heavy equipment that can be quickly rented are basically multifunctional. For instance, a track loader is one such heavy equipment that is viable to do every kind of construction activity which is out of its genre. It may not be the perfect tool and one would prefer to use a machine that is especially designed for a particular work but to buy different equipment for every other work is definitely not practical and also not monetarily feasible for any big construction company.

So a track loader can be called the blue eyed candy and the most preferred amongst all heavy equipment. So renting a track loader will never be an issue. You will for sure get many people who will be willing to use the machine by paying you the amount you demand. Just make sure that you do not keep the price so high that people will find it difficult to take. Since it will not produce better results than heavy equipment that is specifically designed to for a particular genre of work, you should quote an amount that people will become ready to pay.

You can advertise your wish to let out the machine on an online portal or can check with few of your pals who are connected with this industry if at all they know anybody who is looking for a track loader. It may not be a one day process as it takes time to get the right person for the machine. You got to be sure that the person will use the machine with care and there will not be any major wear and tear on it. This is perhaps the most critical part in the entire process of renting heavy equipment. Finding the right guy for your heavy equipment is important.

The other important aspect is if the taker will be ready to pay the rental price of the loader. You may quote an amount but it is very likely that the prospective taker will negotiate on it and will try to bring the price down. So you should be ready for negotiations as well and therefore should always quote the price on the higher side. Presently owners of heavy equipment are finding online portals as the most convenient tool to list their machines. You should supposedly not have any issues in renting a track loader on any online portal.

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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