The one thing I haven’t heard you go into depth with is paperwork and legal aspect of renting your equipment. Insurance? Contract? Liability? What happens if your equipment isn’t under warranty and breaks down? If you can make a video on that it would be great.
Been great to watch you guys grow. I have a full time job but I buy/sell tractors on the side. Have thought about also renting stuff out. Keep posting the videos as I love what I’m learning
Proven! Great job guys, I like the realistic goals for 2024! Wishing you guys all of the best and I like your business model, thanks for the advice, facts, motivation and keep hustling! Do you guys both have regular full time jobs and this is a side hustle, just curious, sorry if I've missed that before! How often do you guys rinse off/wash the gear, because I've heard that keeping your gear looking pristine, that clients want to rent it more, clients will take better care of it and it helps with your brand? Thanks, Brian
Yes, we both have full time jobs. Thank you for the encouraging message! We try to keep everything clean and looking good. People definitely take better care of our machines.
My partner just purchased a Cat 259D3. He wants to be an operator and bid jobs. I'm of the mind that we should be in the rental business and keep this thing making money.
What is your opinion? I have a good job. I am going to buy a mini track loader to rent out. What would be the best couple of attachments to cover the most uses?
The numbers sound ok for a start but do you have another job caused based on your numbers it appears you make about $100k in cashflow between you and your partner. That is only $50k each. Obviously if the business scales up you could quadruple that or grow it even greater.
I feel like people would destroy equipment faster than you could make money. I would be to hesitant to let Billy bob roll out with something of mine with his clapped out 99 F150.
