Category Archives: Rent Construction Equipment

Make use of right platforms to rent your heavy equipment

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.

Rent a Track Loader and earn decent rental income

In a construction job, there are various types of heavy equipment used and many heavy equipment are more or less similar as far as their work is concerned. This means that one type of heavy equipment is compatible to do work of other heavy machineries as well. Though they have certain limitations but can certainly be used in the absence of the primary machine. One such heavy equipment is a Track Loader which is competent in excavating land and loading the debris automatically on the truck.

Though people prefer using an excavator for digging deep in the ground but something that does not require digging that deep can be done with a track loader. At the same time, since excavators are more in demand, they are also highly priced machines. You can find a track loader to be anytime cheaper as compared to an excavator. However, a track loader is more often rented than any other machine. The reason could be that it is available within the budget of a mid-sized construction company.

By renting a track loader, you can earn good rental income. So in case you have a loader that is not in use and you have decided to sell it, you should perhaps give it a second thought. Selling the machine will give you a good chunk of money but that will be the end of the story but if you let it out for months or year or so, you continue to get the rental income and also by regular servicing of the machine, you can lengthen its life and therefore keep its selling price intact.

Getting a taker for the loader is also quite simple. With the help of internet, you can post the machine on an online portal and write in details about its description. Try to post as many pictures as you can so that people by getting a look of the machine can assume it to be a good one. Quite truly, the machine has to look good to catch one’s attention. Therefore, if the loader is dirty and looks filthy, get it washed and painted. If there are any dents, get that removed and replace any parts that have ceased to work. All this needs to be done before you put the pictures on the listing. A detailed description is important for people to know what they are getting into. Normally, takers wish to contact the owner of the machine before striking the deal. So you can write all that is true and wait for the takers to call you.

While you list the Track Loader, please specify the rental amount in clear terms. There should not be any sort of confusion pertaining to that. If you are ready for negotiation, you can entertain the taker or else strictly mention that you are not willing to negotiate the price. Ideally, you should keep a window for negotiation and not be so rigid with the price.

For beginners – Don’t buy heavy equipment. Rent them

Beginners joining any profession have to be really careful on the expenses they are making on their business. They might have extremely no control on their expenses as they may not understand how to block the flow of expense. They have to take care of a lot of recurring and non-recurring expenses and while they do so, they may completely lose track of the money left in their bank account. One fine day, they may find their bank account showing very less balance and may foresee lot of expenses to clear. They may find themselves to be in a very tight position and therefore it is important that they refrain from doing any expenses that is not much needed for the smooth running of the business.

To be more precise, if you are in the construction business, you got to be more cautious than ever. For timely completion of projects, you got to possess heavy equipment that are very expensive and if you do that then you tend to spend a good portion of your money for procuring the machine. This may leave you with very little money to meet other business obligations. Hence, it is advisable that if you are a beginner in the construction industry, do not spend your money in buying heavy equipment. On the contrary, you can take them on rent. That will turn out to be a good deal for you where you do not have to spend a bounty and things will be very much in your control.

Identify the heavy equipment you may need for your project:-

It is very crucial to know what type of heavy equipment is required for your business. As long as you do not know that, moving ahead will be difficult. Take guidance from people in the industry if you have any or join some blogs where you can put your questions about heavy equipment to them and you might get real good replies which will prove to be very helpful to you. Once you have identified the heavy equipment, the next goal will be to check the rental price of the machine. Not every owner of the equipment will rent it at the same price. The rental price of the machine may vary keeping into consideration the quality of the machine, the period for which it has been used. In other words, if the machine is not much older then you may have to pay more rent. However, if it is an old piece then you supposedly have to pay less for it.

Go to online portals to check the machine:-

Owners list the heavy equipment on websites that deals with selling and renting of construction machineries. Going to such websites will be really helpful to you as you will get to see a lot of options at different prices. You can then select the one that you seek to have and speak with the owner. If possible you can negotiate the price and try to bring it lower. You will end up getting a good deal at a considerably lesser price.

How to rent off-road articulated trucks

Heavy equipment always has a pretty decent sales value attached to it. This is why people do not mind paying more for equipment that will last for long and at the same time will fetch them a good price while selling it off. But selling the machine will be the end of the story and he can’t expect anything more once it’s sold. Therefore, there is something that can be done rather than simply selling the equipment. The machine can be put on rent if it is not required for the time being and once the tenure is over, it will be returned to the owner. It in fact makes more sense to let out your heavy equipment as you keep getting regular income and at the end of the tenure, you can let it out again at an increased price. Not just heavy equipment that are used for construction works but also trucks are widely let out across US.

A person can earn anywhere around $10,000 to $30,000 depending on the type of truck he has. It is simple to let out your articulated truck on internet. You only need to ensure that you have an account with an online portal that deals with letting you rent out of heavy equipment. There are some portals who only deal with selling heavy equipment and some deals with both selling as well as letting rent out. So you need to list it in the right place.

Articulated trucks are quite high in demand. It is because of their ability to carry loads of dirt at a go. It can also move on bouncy routes with the load on it. You seldom get a proper road on a construction site. More often, you have to carry the load on bouncy uneven paths. Using a normal can be a big pain for the driver but articulated trucks offer a bit ease to them while driving in such horrendous paths. Now if you have an articulated truck and you know the website where you can list the item, become a member and post the truck out there.

Few things that need to be remembered to catch the attention of the taker is how well you put down the information on the site. Just giving complete information is not much helpful. Putting it in the right way so that people find it easy to read must be your priority. Other than that, putting sufficient pictures of the truck is important. The look of the truck will form an impression in the minds of the takers and they might find your truck to be suitable over others. You can mention the rental value on the listing or can just state “Call for price”. This means that you will discuss the rental value over the phone or only when the taker likes the stuff. It also leaves both the parties with the option of negotiation.

Few basic rules to follow before you rent your heavy equipment

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.

Expect good rental income from a wheel loader

Moving stockpiles within the construction site can be very arduous when you put people to do the work. Also, you can’t make use of big heavy equipment to just move stuffs from one place to another within the jobsite. You need something that can take care of this business and does not cost you more for it. This is when a wheel loader comes into picture and does the work for you. A wheel loader has a big bucket in the front which is used to carry the mud by dragging the bucket on the ground, fill it with the dirt and then dump it on the truck. The size of the bucket varies a lot and it starts from 1 cubic yard for smaller types of loaders to 20 cubic yard for the larger models. The bigger ones are particularly used for mining applications.

You will find a number of wheel loaders on a mining jobsite. Also they will all be big in size and not that are owned by small contractors. This also suggests that there is a wider market for selling or renting wheel loaders to such enterprises. Now if we talk about renting wheel loaders to big mining houses, you will generally see good money coming out of the deal. As long as the wheel loader is in good working condition, the mining companies are ready to pay the price you quote. They only check the quality of the machine and if they find that to be in order, they are ready to pay for its value.

This also leaves us with the question that do big mining companies take wheel loaders on rent? Well, as a matter of fact, they take most of the heavy equipment on rent. They hardly have anything that actually belongs to them. The reason they do this is every different project requires different kind of heavy equipment and they can’t afford to spend everything they have on buying machines. This is why they prefer to take equipment on rent and return it once the work is done. At times, they sub-contract the work to different contractors who are given specific responsibilities. So a contractor who is supposed to take care of one part of the job will not look into any other departments. These contractors predominantly take loaders on rent.

You can take help of any heavy equipment rental company who can crack the deal for you. These rental companies are in close nexus with different contractors and construction companies. They may know who needs what and accordingly they will create a platform where both the parties can meet each other and complete the transaction. They will charge you some fees for their service but it is really worthy. They will also take care of the agreement part and will ensure that nothing goes haywire. Conducting a smooth and fair deal is part of their responsibility. However, doing a bit of research on the rental companies always helps. It is better to be prepared from your end.

Experiencing monetary crunch – Don’t buy heavy equipment. Rent it

People who are from the construction business frequently experience the problem of unable to buy heavy equipment dues to shortage of finance. They may have got big projects to work but often find themselves short of heavy equipment and when they think of buying few machines they experiences huge shortage of finance. Heavy equipment are thousand dollar items and you will not get any at a dirt cheap rate as long as it is an outdated model and is being used by none. Those types of machines will be of no use to you. It is better that they are sold as scrap.

So what can you do when you are in the middle of signing few very important and life changing projects and at the back of your mind you know that you are highly short of heavy equipment and are in no position to buy new stuffs. Well, the better way to deal with this kind of a situation is to rent some machines for the time you think you will need them to complete the project. Though you have to spend some money each and every month as paying rent to its owner but still you will be able to get your work done. Later if you feel like you can buy one such equipment you can take the call but till the time you are having monetary issues, you should not be thinking about increasing them by intending to buy more machines.

One of the most appropriate ways to take heavy equipment on rent is to do it online. There you can find numerous machines posted by various owners; all wanting to either sell their machines or rent it out. Searching for heavy equipment online will give you good enough options. You also will be able to see the pictures of the machine, read the description and analyze if this is what you should be looking at. Few online portals also allow you to contact the owner of the machine so that you can speak to him and clear your doubts if you have any. You can also try to negotiate the price with the owner only if he is comfortable in doing so.

It is very important that you estimate the duration for which you need the heavy equipment. It is very much possible that you have to contact different owners and take machine on rent from them. You may not find one person renting all the different types of machines you need. Therefore knowing which equipment will be needed when is very crucial. It is also possible that one owner has lot of machines with him but has listed only a few. You can check with him if he has more stocks and if he wishes to rent them as well. You may get all the fruits in one basket.

Last but not the least; make proper rental agreement with all the terms and conditions stated explicitly in it. This will help you to safeguard your rights and you do not have to pay more for anything that’s not mentioned in the agreement.

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A scraper can generate decent rental income

If you have heavy equipment that are not in use and you do not know what you should do since you do not wish to sell it off, the best option you have is to rent it to people who need them for their construction business. There are many construction companies who are having a hard time to carry on with their business as they encounter unavailability of heavy equipment. They can’t afford to buy every kind of heavy equipment under the sun but still needs to continue with the project. This is where they need machines on rent. They understand that by taking the equipment on rent, they have to pay the rental money every month which is something that they can easily afford. Other than that, brand new heavy equipment are way too expensive and do not make sense to buy them for just one project. You never know if you will need them again for the next project as there is a possibility that you may have to use some other equipment.

A scraper has the potential to generate decent rental income. As a matter of fact, any heavy equipment has a lot of value attached and can be a good source of rental income to its owner. Therefore if you have a Scraper which is not in use and you expect to not use it for the next couple of months or years, you can let it out to someone who may have some use of it. Scraper is quite useful heavy equipment when it comes to moving dirt. Scraper is widely used in big construction as well as mining sites. You will get to see different types of scrapers in any mining site. Therefore it is never a liability when it is not in use. There are different types of scrapers and each type has its own specific purpose. There are these Coal Bowl Scrapers which are predominantly used in mining sites or the open Bowl scraper which is self-loading hauling system and it is used in almost every site.

A machine with so much use attached to it can fetch you good rental value. All you need to do is keep the machine in good working condition so that people are ready to pay the money just by having a look at the equipment. Keep the machine well maintained by servicing it at regular intervals. Replace any part that has gone faulty. Change the engine oil regularly and do everything possible to ensure that the equipment stays healthy and performs better at the jobsite.

You can list the scraper on any online portal that primarily deals with sale/rent of heavy equipment. They might charge you a bit for listing the item but that is worth the deal. You should mention about your machine in details in the description section and also add the intricacies like the rental amount and the period for which you wish to rent the stuff. Post some pictures of the item and put it on the listing. This will attract viewers who are more likely there to take scrapers on rent.

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Renting your heavy equipment can fetch you good money

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.

Renting heavy equipment is far better than leaving it idle

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.

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