Tag Archives: rent heavy equipment

Rental Tips for track loaders

The increasing population has led to increase in the construction activities. Many construction companies cannot afford to a buy and maintain all new equipment for their work. In case of short term projects, after completion of work the equipment is no longer required and this leads to waste of money. Hence, companies prefer to buy equipment and machines on rental basis at an affordable price and return it after use. Thus, the equipment rental business has gained a lot of momentum in last few years and is profitable.

It is observed that many equipment rentals, rent only specific equipment and not all types of equipments. Being in rental business of specific equipment can be a good idea as it saves the cost of buying and maintaining different equipment. Track loaders (TLs) are type of heavy equipment, used to move aside or load materials such as asphalt, demolition debris, snow feed, rock and so forth into or onto another type of machinery. TLs can do every kind of construction activity. Although not a perfect tool buying different equipment for every work is not possible for any construction company since it’s a heavy investment. Hence, multifunctional TLs are in demand. However, they are expensive, hence most construction companies prefer buying these equipment on rent.

The following are some tips for person in business of renting track loaders to make it profitable:

  1. TLs are expensive and rental service provider (RSP) should be able to afford to buy them. He should be aware of his personal expenses while owing a big place or showroom, advertising, labour and maintenance costs, and so forth. He should make a business plan and have strategies to sale TLs on rent.
  2. TLs should not be overpriced. Many people are willing to buy on rental will find it difficult to purchase. Hence they will negotiate with the price. Quoting the appropriate price is important.
  3. They should make his business known by advertising through newspapers and websites.
  4. Buying brand new TLs is costly. Hence instead of purchasing the entire fleet of TLs (of different sizes and models), the RSP should study the demands of the market to know what is mostly preferred by the construction industry. Keeping TLs from small to mid-size of different brands is a good option.
  5. Due to technological advancements, the new equipment have become compact and easy to operate. This increases productivity at the work site since the speed of work increases. The new compact TLs are more in demand and are said to replace the heavy bulldozers and preferred than the skid steer loaders. RSP should provide such technologically advanced TLs on rent, which increases the customer interest and sales.
  6. Buying used equipment on rental basis is common for the short duration projects, hence they are in demand. Thus, RSP can also look for option of renting ‘used’ or ‘second hand’ TLs, since purchasing such equipment is cost affordable. However, they should be careful while choosing such equipment that they are not very old aged and not used much. Only when these used machines have less wear and tear and their parts are available that they should be purchased from the seller.
  7. The RSP should be careful while renting the expensive heavy machines to the buyer. They should understand the nature of work requirements of the customer and should guide them properly. Also they have to make sure that the buyer has the capability to pay the rental amount and should take care of the equipment and will return the equipment in good condition. The rental agreement has to made between RSP and prospective buyer before the equipment is rented that all the terms and conditions are acceptable to both parties.

Renting a bulldozer can pay you off handsomely

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.

Rent an off road articulated truck

Imagine that your excavator is sitting on a huge pile of mud and needs to clear it off. In such a situation an off road articulated can get that cleared off in no time. The excavator can fill all the soil in the truck and the truck will then ferry the mud to a dump yard and dispose the mud. An articulated truck is of immense importance in the construction sector especially in the excavation demolition and mining business where they excavate earth and then load the stuff in the truck to ferry it to the dump yard. A big jobsite needs on an average 10-15 articulated trucks at a time to do the job. This shows the importance and also the growing demand for these trucks in both the construction and mining sectors. In such a situation if you have an off road articulated truck which you want to rent you can expect lot of takers for it. You only need to ensure that the truck is in good working condition and is not very old.

To rent an articulated truck should be a simple task for you. You have to choose one of the options from a selective few. The options are as follows:-

Listing the truck on your own:-

This is perhaps the most simple and convenient way that you can adopt to rent the truck. All you need to do is get yourself registered on an online platform that is reputed and also known to many. Once that is done, list the truck under the “Rent” option and put the latest pictures of the truck on it. Write a bit about the truck as in how old it is and if there has been any issues pertaining to its performance and stuffs that you feel is important for the taker to know. The rental price that you quote should be in tandem with the market price. So please do not quote a higher price as long as you have strong reasons to quote that. If you are in this industry for long then it will not be difficult for you to come out with the appropriate rental price or else you do some research before mentioning the price. Prospects may turn away if they find the price to be on the higher side.

Give it to a dealer to rent it for you:-

This is perhaps the next best thing that you can do to rent an off road articulated truck. You walk-in to a dealer and talk to him about renting the truck. You hand over the keys to him so that if someone drops in to check out the truck he can do so without losing any time. You then have to just sit back and wait to receive a call from the dealer. Give him a week’s time and if you do not get to hear anything from him, give him a buzz.

Renting heavy equipment has turned out to be a big business as contractors do not want to buy heavy equipment and find taking machines on rent to be more affordable.

Online platforms have made renting heavy equipment easier

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.

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.

Rent an excavator

For guys who has lot of heavy equipment that are lying idle for the time being and they are unsure as to when they might need them again they can rent it out to people who will make some use of it and keep the machine in working order. If you keep heavy equipment idle for a long time and then all of a sudden start using it, it will generate issues. It may just not start or might give problems for which you need the help of a mechanic to get that sorted. This is why it is always better that you rent the machine out to someone who can use the machine and also pay you the rental.

There are some companies who solely deal with renting heavy machines to contractors and other small and big sized construction companies. As a matter of fact most of the big construction companies to a certain extent depend upon rented heavy equipment. The big sized companies hire contractors for the job who in turn largely depend on rented heavy equipment. This means that as long as you have a thriving construction industry, the parallel business of renting heavy equipment will never run dry. One of the most common heavy equipment that is used in almost every construction jobsite is an excavator. So you will normally find the demand for excavators on an increasing trend and if you have them in plenty then you can for sure make good sum of money by not doing anything.

All you got to do is simply rent them out to contractors or construction companies and ensure that they do not misuse it or overload it with work. Normally people have the tendency to get more work done on heavy equipment that are rented. They know that they do not have to keep the machine with them forever and therefore do not have to bother about the maintenance and service costs. Since it belongs to you, you are supposed to make sure that the excavator is not overloaded with work and is also serviced at regular intervals.

You can rent your excavator by listing the machine on an online portal. Portals that are meant for renting heavy equipment should be used for this purpose. Register on one such website and take few pictures of the excavator to post it on the listing. Please mention the model number of the excavator on the title of the listing and be a little descriptive about the machine. You may want to add things like the age of the machine and few of its features that will attract the attention of the prospect. The pictures that you add should be clear for the prospect to make out if at all the machine is worthy to be taken on rent.

Leave your number on the listing for interested people to contact you and if they want to inspect the machine you should not have any problem with that. The website will charge you some fees to list the item but that will be too nominal and should not be an issue.

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.

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