In this webinar, Madeline Roberts, Product Marketing Specialist at Wynne Systems, explored strategies for identifying and capturing additional revenue within construction equipment fleets using RentalResult. The session highlighted practical ways contractors can increase asset utilization and income by managing external rentals.
Todd Millam, an Account Manager with extensive industry experience, discussed current construction trends, including sustainability and modular construction, and how these trends are leading contractors to diversify their revenue by renting out underutilized equipment and offering additional services.
Alex Beric, Product Manager for RentalResult, provided a live demonstration showing how the software supports external rentals. He walked through examples like renting spare equipment during project downtimes, managing bulk items, and handling transactions with subcontractors. Alex also previewed potential updates that will streamline the setup for external rentals, making it easier to isolate these from internal operations.
During the Q&A, Todd and Alex answered questions about implementing external rentals, with many companies seeing 20-25% of their equipment activity in this area. They also addressed how the software handles taxation for subcontractor sales and shared plans for future improvements.
Key points included practical steps for setting up external rentals using RentalResult, insights into the current industry landscape, and planned enhancements to improve revenue tracking and management.
Watch the webinar for a straightforward look at how to leverage your equipment for additional revenue through external rentals. Learn more about RentalResult at WynneSystems.com
16 окт 2024
