25 with an Equipment rental business?? How I started my rental business!

[@bertoooish]

Shoot man I’m 3 years into my equipment rental business. And I’m still learning, I don’t think it stops. I appreciate the honesty you convey in your videos! Look into asset trackers and decals also identifying markers such as welded bead numbers. Feel free to reach out if you want to pick my brain or have any questions bro!

[@EMF-ENTMT]

Hey Bert, do you mind if I ask you a couple questions about the equipment rental business?

[@carlosharmonics6890]

How can I reach you for some advice? I recently bought a skid steer to start doing some work for my business, but it has not been successful so far. I will probably try to rent out the machine. At least part-time, but am not sure how to go about finding the correct insurance and contracts.

[@trustedlawnlandscape7142]

Hey man

[@PFDREAM]

I just want to thank you for taking the time to first open your heart. Immediately I was drawn in by your humble spirit. It’s hard for me to sit and listen to people talk, especially on the internet.! But it came easy with you my friend, thank you. Darrius Simon

[@psylentsage]

Hey Brandon keep us posted please I’m 23 and thinking of starting an equipment rental business I appreciate you covering the basics in starting 👍🏼

[@codyspringfield2491]

You know, for not knowing what you're doing...you answered a few of the questions I had that I couldn't find answers for like timeline for the license, insurance, bank, and all that. Then the whole payment thing. You made it sound pretty simple and not as daunting. Thanks for this video.

[@brandonsdiyprojects]

Happy to help!

[@2071daw]

Appreciate the video, im in the process of doing the exact same thing here in Arkansas. Keep up the good work, you seem like a fine young man.

[@julianrdz717]

Thank you so much for this video, it helped me a lot to get my business started , I got all my paperwork and business account good to go

[@MrHangman56]

Im not going to do an equipment rental, but a photo backdrop rental for weddings and parties. But this was helpful for the info, and you seem a genuine person and not some get rich quick guy and i like that

[@richardtanner5936]

You’re going to be a very successful man one day. Keep it up, I retired at 55.👍

[@88Don]

Keep being great bro proud of you 🤞🏾💯🦾

[@upcomingvillain]

Thanks for this video! What insurance company do you use? So far no one will cover me if im renting out the equipment to the public.

[@awesomethegang]

I may have missed it but did you go over the process of getting rental agreement created?

[@05nbs_aldo75]

Great video, thank you. Thinking on buying a mini ex or mini skid/full size to start an equipment rental business

[@TheHomePros6221]

Very informative I really liked this vid, I wish u the best of luck brandon

[@brandonsdiyprojects]

Thank you

[@najeemullahkhan2199]

Do you have facebook account or telegram or whatapp . I wanted contact with you

[@therealrubbertramp2151]

Yeah, very informative video. Good job and thanks for sharing everything. Also, I was wandering, did Kubota throw in that chair as part of the deal when you bought the machine?

[@brandonsdiyprojects]

They should have as much as this stuff cost lol.

[@7ackass]

You should join the ARA and start attending the shows. They have them once every year around February March and in different cities in the US. They can help you out a lot.

[@alexbautista8248]

Thinking of starting a rental business, thanks for the info. Good step by step guide tbh lol

[@brandonsdiyprojects]

No problem!

[@lookatmestab7965]

Great video man really helps. Id like to ask without being neb but looks like your on a farm do you pay for a separate storage building to hold you equipment or is your house already big enough to store inside or outside? Thanks man keep up the hard work

[@brandonsdiyprojects]

I store it in my garage.

[@walihashemi1935]

I’m selling the equipment, but you give me a clue to rent it. Thank you.

[@thejammer3359]

Congratulations sir I'm actually going to start my own thing as well but I needed to ask you are you running GPS trackers because I know these days it's very easy to rent something and lose it so I just thought I'd ask you that question and would you recommend that and anything you rent thank you.

[@jorgeblue]

Love your video very informative i can relate a lot when it came to the insurance part. In my area its common for people to rent out their machine without a deposit or rental agreement they let people pick up their machine or they will drop off the machine as long as they pay the rental fee. I can think of the many possible things that can go wrong though what is your opinion in it renting the equipment like this?

[@brandonsdiyprojects]

So far I’ve had some pretty good luck. Things have been working out great no damage done to anything yet. I’m sure something will get tore up eventually lol I expect it to happen. When it does I’ll just go from there and figure out what’s next. It give me something to do and keeps me busy. Don’t make no money setting on the couch lol

[@MichaelSkylstad]

Were you able to take a section 179 deduction against your W2 income? Assuming you have a job.

[@JonathanLewis-y3b]

Get some concrete track dumpsters they rent like crazy where Iam at

[@gabehbs9057]

How often are you maintenancing the Kubota what are the cost do you charge more for an attachment if so how much

[@zswilborn]

Hey man, you and I are in almost the exact same place starting an equipment rental business. I just got my mini ex and 7x14 dump trailer. I don’t know how to send private messages on here, but it might be good to be in touch with someone also trying to navigate this.

[@brandonsdiyprojects]

Do you have Facebook?

[@TatianaMasyk]

Can you share your Rental agreement to look at Thank you for sharing

[@joshoconnor1819]

I live just 30 mins south of Waverly!

[@UhJonn]

Great work dude. Im buying my first dump trailer in a month then loaded in Jan of 2024! Would it be cool if I message you and ask you some questions about some of the financial and insurance side. Thank you

[@brandonsdiyprojects]

Yeah sure shoot me a message anytime!

[@UhJonn]

@@brandonsdiyprojects thought I replied! Do you have a Facebook? It won’t let me message you on here. Thanks again dude

[@jerojr7542]

Do you use any type of software to keep up with everything tax etc?

[@plainandsimple1]

can you share what insurance company you used to insure you? I'm looking to start this same style business off my farm, and i'd be great to learn more of the ins and outs.

[@brandonsdiyprojects]

Evanston I do believe. I’d have to double check. I have it in one of my videos.

[@michaeldonato8837]

Where did you advertise? Which had the best results?

[@JakeDaniels-xi6dh]

Hey B, I’m trying to get a rental business started in NY. What kind of insurance did you get and how did you classify the business with the insurance company? Spoken to like 8 different companies and they all said they can’t insure an equipment rental co. Thanks for the great videos!

[@brandonsdiyprojects]

I just got general liability. I had a hard time finding insurance but got some through a broker. Not sure if the name of the company I’d have to check.

[@JakeDaniels-xi6dh]

Thanks Brandon! Did you tell the broker it was for equipment rental or other type of business?

[@brandonsdiyprojects]

@@JakeDaniels-xi6dh yes I told them it was for a rental business! It was probably the 12th insurance company I called.

[@Craig_Alexander]

Where in NY? I live here and know the industry very well

[@OShackHennessy]

If you lie to an insurance company good luck ever collecting on a claim. It’s going to be the same result as never having insurance in the first place.

[@elementalmade]

Hey, I am interested in doing this too ! Thanks for the awesome video. I live in town but my parents live on an acreage an hour away from me. Is it OK to store my equipment there? Or should I rent a lot in the town I live at ? Thanks

[@brandonsdiyprojects]

Not sure you would have to make sure there are no restrictions on there land and that they would be ok with that. Also it would be pretty hard to travel and hour away to pick up/drop off equipment all the time then go home starting out. Unless you just do this full time an don’t work.

[@elementalmade]

@@brandonsdiyprojects No it actually more complicated haha. I work in the mines far away from my home and I’m gone for 8 days and then I’m back home for 6. That’s my schedule. Also, the town I live in already has quite a few rental companies, but I still wanted to do it on my own. Is that crazy? Or do I still have a chance? Thank you

[@justinchavez5433]

I started in January this year. Good Luck to you.

[@brandonsdiyprojects]

Thank you! Hope your business is going well!

[@justinchavez5433]

@@brandonsdiyprojects your first month blew mine out of the water. Nice work! Do you have a web site?

[@brandonsdiyprojects]

No I do not I want to set one up and I hope to soon

[@brandonsdiyprojects]

I have been advertising a lot on Facebook and Craigslist and passing out business cards!

[@randystarns4811]

hey man, hows the business going? Im looking at buying an equipment rental business currently. How it going for you?

[@PremiumFuelOnly]

Do you deliver or have the customer pick the units up? Do you use GPS transponders on your equipment? Once I get attachments for my excavator, I might be willing to rent them out.

[@brandonsdiyprojects]

I give the option to pickup or deliver it for a fee! I don’t have any gps or anything on my stuff but I have been looking into it. I will probably go with the apple air tags. Seems to be the cheapest. I do always get a lot of info from renters such as address,card on file driver’s license number and tag number etc. but yes I’ll be putting some kind of tracker on my stuff as well!

[@haleymmmichele8903]

@@brandonsdiyprojects How do you store that information? (drivers license, card on file etc). Do you have a good filing system? Was there any special provisions you could recommend to include on the rental agreement?

[@brad758]

How's it going?? Who'd you use for insurance??

[@jacobmeyers3421]

I tried doing the same thing, have the excavator sitting at my shop in Ohio, just waiting for the next step.

[@Knowledgedad]

What should I buy for my first 2 equipment to rent

[@brandonsdiyprojects]

Mini excavator and a skid steer

[@jwdbt6452]

What did you put on your contracts? Or did you find it online somewhere? I’m starting my rental business in Indiana and Don’t know how to make contracts for people to sign or how to make them legit.

[@brandonsdiyprojects]

Did some research and looked stuff up online and kinda put my own contract together for now.

[@artimizz7197]

You don't necessarily need a lawyer to create a contract, nor do you need a complicated contract to make the contract "legit". The general theory behind contracts are pretty simple. However, a lawyer comes in handy when thinking of creative beneficial contracts for their client. If you get a lawyer who is experienced in rental agreements, they will almost certainly think of something that never came to mind and it could save you a lot in cases of liability.

[@feliciaharris2838]

Who want a sales and rental equipment already up and running for the last 15yrs, same owner been in business for 40yrs. Will sale. In Florida all. Equipment and about 10 employees encluding manager/assist manager, 3salesman. Driver,quickbook/secretary, about 4 guys work out in the outdoor and shop areas

[@m4565912]

I'm interested. Where is it located in Florida

[@brandmcfly4789]

I'm interested

[@chevellecruiser3897]

I am in New Smyrna Beach, Fl. Where is the business location?

[@danielfanning9152]

What insurance company did you end up going with?

[@brandonsdiyprojects]

A place called Berndt & Murfin insurance

[@brandonsdiyprojects]

I think there is just a couple place. I don’t think there a big corporation. I may be wrong.

[@omaro1910]

I’m trying to rent lifting beams. What would I need to start a business ? Thank you

[@brandonsdiyprojects]

I would say some type of LLC and some kind of general liability insurance for sure!

[@livingtrendy-y3q]

do you keep a tracker on your equipment? if so could you provide info?

[@brandonsdiyprojects]

Just air tags right now. Will probably be going to something a little different soon!

[@eddiechavana5744]

We’re u able to get a line of credit with the bank account or did u start up with ur own money?

[@brandonsdiyprojects]

Not a business loan. Just personal loans

[@Ucrane346]

So can you tell me where you getting those contracts for the rentals to sign

[@brandonsdiyprojects]

I typed my own up

[@ryanbruh752]

​@brandonsdiyprojects couldn't you hire an excavator from a big name competitor and copy that contract?

[@SuperoirXvX]

Thanks

[@texas4325]

Good video.

[@FZPDX]

Rule number 1: don’t do taxes

[@tko6196]

Then how do you add all expenses, truck, trailer and skidsteer. Too much money and you can't put anything in the bank..if you don't do taxes.

[@TheHomePros6221]

Let’s go Brandon lol

[@andrewdinkins9488]

What is the vendors license?

[@THESPORTINGCAMP]

Sales Tax Permit at the County office.

[@joel3017]

How much does insurance cost a month?

[@brandonsdiyprojects]

Roughly 270$ for general liability and equipment insurance

[@terayarbrough2173]

​@brandonsdiyprojects7178 where did you end up going with for insurance?

[@ArturoGonzalez-ic9hy]

Do you have to do any equipment test or exams ?

[@brandonsdiyprojects]

No

[@daisybogado1437]

Too many taxes and fees for the little guy, plus huge liability risk, if it was me, I’ll do cash only…..

[@imbrandon16]

Taxes and fees on what? I have an LLC and rent equipment, what are you talking about lol? The LLC start up cost and filing fees?

[@imbrandon16]

The liability comes from not having an LLC and insurance. You do this shit for cash and it goes south, they’re gonna take your fucking house lmao

[@artimizz7197]

@@imbrandon16 Agreed. Definitely more worth it to incorporate and have proper insurance. Personal liability will likely be greater if you are doing cash jobs. The whole idea of a corporation is that it is a separate legal entity from the individual so it reduces the likelihood of someone being able to make a claim against the business owner as an individual. @daisybogado

[@brookside5045]

Great Video. I'm happy to see someone young stepping up and doing something right instead of crying about what pronoun they are suppose to be called. Good luck and hope the best for you.

[@brandonsdiyprojects]

Thank you!

[@scwightboyscwightboy5027]

If ur ever looking for a great traler four your rental business i cant recommend anyone as highly as hudson bros traler mfg . Used them the past 3 years in my landscaping business. And about to use them agin in my rental business