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@abirdconcernedforhumankind23453 жыл бұрын
Not enough credit goes to you Reyes, you let the person say what they have to say without interrupting him and asking him the most important questions we all want to know, so big ups man keep it up!
@REDDCCXXVII2 жыл бұрын
Probably the biggest expense he overlooked, the one that punched me the hardest, was his actual inventory. Some of those chairs he showed us cost close to $100 per chair. You might think "$100 per chair ain't bad, a few parties will cover that" but that's "per" and you wont need just one. dude has dozens and dozens of them. As reyes mentioned tho, he's been in business for over a decade. It doesn't happen overnight.
@edwo66482 жыл бұрын
When you start up depreciation is the largest expense, but after a couple years its LABOR. Labor ranges, in the industry, between 30 and 40% of gross revenue. It takes about 30 rentals on a chair before you see any profit from them, at his price point it will be more like 45.
@Percules152 жыл бұрын
What's the best way to start advertising? Can I start with a few tents, tables and chairs?
@edwo66482 жыл бұрын
@@Percules15 How many years experience in the event equipment rental industry do you have? If Zero go work for a company or two for at least 4 years full time before you start one. The vertually everyone of these yourtube rental outfits are a joke and their advice is horible. How do i know? I started in the industry in Feb of '93 and have owned my own company for 20 years. If you have been in the industry concentrate on your website. DO NOT copy the look of anyone. Make it simple, easy to navigate with photos of you rentals. DO NOT list prices, biggest mistake ever. 70 to 80 % of owning and running a rental company is the operational end. This is not a learn as you go industry. This is also not a high margin industry so having your shit together before you start one is massively improtant.
@Percules152 жыл бұрын
@@edwo6648 thanks, but I want to start this on the side with just a few items and go from there. Why is listing prices bad? You lose leads?
@edwo66482 жыл бұрын
@@Percules15 I hate to be the one to break it to you but this ain't the industry to try and run as a side hustle. Cutting lawns, walking dogs.... i crap you not, will make you more money as a side hustle than this will. And you won't have jack S for liability. If you really want to start a real business in this industry go work for one or two other companies for four years, you get to earn while you learn. At the very least you will see what not to do which is worth its weight in gold. Without exception every youtube video I've watched from some dumb schmuck running a "rental company" like TRB, that bartending twat, Marvin the meat head.... what they have in comon is they are all talking out their ass. If you ever hear anyone tell you the 1/10 th for pricing realize that dates back to the 1960's when ALL event rentals came from general equipment rental companies. Think bobcats and hand drills. 1 listing prices tells your idiot in the same market as you what you are charging, it leads to down ward pricing presure. Note: the majority of price competitive small rental companies don't have any value as a business, they only have inventory auction value at best. 2 when you are busy as all hell and any work added will be on overtime hours why on gods green earth would you charge the same price? You are paying time and a half for labor, margins in the industry almost never go above 10% and labor ranges between 30 to 40% of the rental price....in this case I'll let you do the math to see how posting prices is stupid. 3 they want it early but only want to pay the one day rate. Skip the arguement, get the date they want it and the date they want it picked up and give them a quote for the job. 4 not posting prices on line means you quote them based on the particulars of the job... news flash some jobs you don't want and you can price it acordingly. If you realy want to get into the industry go work for someone else then start your company, otherwise your just waisting your time and energy. That same time and energy you could apply to your existing job for raises and promotions. If you can't take the time to aprentice in an industry you damn sure have no business starting a company in that industry.
@girlwithmask_asmr37532 жыл бұрын
Props to this business owner, he such a hard working guy
@EdgarRodriguez-kp6yk2 жыл бұрын
kzbin.info/www/bejne/foezmZeEpZaXgbM
@fabiansierra76223 жыл бұрын
Reyes “accidentally” showing up in sandals to the work site is to funny
@martinocampo65313 жыл бұрын
😂😂😂😂😂
@gd28602 жыл бұрын
@Martin Ocampo it's unprofessional and lazy asf. Step it up Reyes
@CarlosAPaz2 жыл бұрын
How convenient🤣🤣
@midnightdetail102 жыл бұрын
Nah lmao he's there to record the buisness and give out knowledge not bust his butt 🤣🤣🤣
@Ddom17943 жыл бұрын
Thats cool that these people feel comfortable showing how much they make i remember in school for career day the people wouldnt want to discuss their earnings very inspirational non the least
@saga420nbk3 жыл бұрын
That's right great to see people putting in hardwork and getting that feeling of accomplishment...
@jonathanflores30383 жыл бұрын
I use to do this when I was in high school.. The dude I use to work with use to rent jumpers tables chairs and table cloths.. Dude use to make a lot of money... But its a lot of work.. You have to clean the jumpers clean the tables and chairs and wash the table cloths and iron it.. Dude use to have to big storage rooms...Good old days
@waterdown18263 жыл бұрын
Damn reyes almost at half a mill, he really getting it out the mud , congratulations Reyes 🎊
@JP-zz5rm3 жыл бұрын
Yeah, he’s GANGSTA for that
@linascibelli7592 Жыл бұрын
Great job! The American way. Wishing you continue success.
@sharefox Жыл бұрын
Congrats! Great business model !
@chrisvazquez71383 жыл бұрын
You’re funny as hell bro. “I thought you were Mexican, I’m not THAT Mexican” 😂😂😂
@Thejumperguy83 жыл бұрын
Me watching this right now after my back hurting after a 14hr day in the party rental business 🤣
@shak13082 жыл бұрын
i started with 15 chairs and 2 tables. 9 years on, and i now have 250 tables, 4000 chairs and 85 marquee structures. hard labour, long hours but great money and you get to work outdoors in the summer - not great in the winter lol
@tonistarks28742 жыл бұрын
Jus like the construction, stack up and save and be good in the winter👍🏽
@raquelevans59732 жыл бұрын
Did you hire help once you scaled up?
@pablochacon6362 Жыл бұрын
Where are you from homie? I’m thinking of starting this business in Phoenix, sunshine year round!
@MrDoM2K93 жыл бұрын
What a great business model! Very impressed
@EdgarRodriguez-kp6yk2 жыл бұрын
kzbin.info/www/bejne/foezmZeEpZaXgbM
@gerardo_3 жыл бұрын
You should start all these different type of businesses on the side
@georgeclyde7904 Жыл бұрын
“I’m not that Mexican” is priceless!😂
@toneyslifestylehustlez85743 жыл бұрын
Good content Reyes 👌 the Event Rental Business is very Profitable thats why I'm still in it 💪
@LAC32Griffin3 жыл бұрын
I’ve always been tempted to do this. My friend does this as a business, but I see how busy he is all day everyday until 10 and I question if it’s all worth it if he doesn’t really get to see his kids that often. It’s definitely a labor intensive job.
@XTen1000DaysX2 жыл бұрын
get employers to handle the stuff this guy is doing then you scale and handle accusition and scaling
@CarDaddyOfficial2 жыл бұрын
Is it good money
@anthonyrobledo60082 жыл бұрын
Just do it, I mean you could do it for Friday through Sunday now that could be 18,000 g's more or less! Who in this freaking world is going to pay you that amount of money for three days?! Now let's say you do it for a year that's a total of over 2M! 2 mother...Mill! Man you could retire in a year ha ha it sounds nonsense but it's real life!
@XTen1000DaysX2 жыл бұрын
@@CarDaddyOfficial did uwatch the video
@XTen1000DaysX2 жыл бұрын
@@anthonyrobledo6008 why dont you do it then lol
@jamescc20102 жыл бұрын
Nice biz. Keep it up, true hard working American guy.
@Georgie0273 жыл бұрын
Something I can relate to, thanks reyes. Got a similar business out here in tne valley as well
@ericzz933 жыл бұрын
Thank you for the ideas Reyes I'm currently working just saving a bunch of money for a potential business I can start that doesn't take alot of skill and all it takes is a big investment to start, I have no idea what I can do yet but you give me ideas
@Finggy3 жыл бұрын
I'm in the same position.
@jr69053 жыл бұрын
Trash hauling business since people want a lot of stuff to throw away or detailing
@ki77erbunnigutznglory462 жыл бұрын
Power / Soft washing.
@themalihaariel2 жыл бұрын
I see a lot talking about hard work....... This looks smart to me and many need a workout anyways 💯✨ Thanks
@Murdoc1112109 ай бұрын
The math is incorrect, he overlooked the cost of inventory, cleaning supplies, not to mention days of labor. I work in the industry and trust me it's days of labor. You really only bring money in on 2 or three days (Thurs,Fri,sat) Sunday is all picking up same with Monday so no money comes in at all and you've wasted fuel and labor. Then you have a day full of cleaning and prepping for the events coming up that's where you spend on labor and cleaning supplies) so again no money coming in but money going out. Then one day off is usually what companies give you. So yes you only get one day off usually no breaks except a lunch and employees make around 100 to 200 per day but that's usually not taxed which also means no benefits. As an owner sure a good amount comes in but your constantly having to buy new trending items, and paying more days to employees with only 2 or 3 days of money actually coming in. So owners usually go one of 2 routes, they either charge a lot more to customers or they do a lot more rents for cheap price. Both have their positives and negatives 😅 good luck, personally after almost a decade in the industry I'm quitting soon
@SandraSalazar6 ай бұрын
What will you be doing with your inventory when you leave?
@Murdoc1112106 ай бұрын
@@SandraSalazar company will remain and ran by other people meanwhile royalties will continue to pay me out every month
@brauliomedina53162 жыл бұрын
Very insightful video. That job is no joke.
@roblescesar8763 жыл бұрын
I remember I wanted to get into the party rental business something I would love to do as a side job
@tacoboss82112 жыл бұрын
Then do it
@danellison15553 жыл бұрын
Reyes you are hilarious…you were late cuz of traffic 😂 hey edit the title, one too many zeros in there :) loved the content in this one.
@TheRentalJourney3 жыл бұрын
This is my type of grind.
@DoubleDeckerAnton3 жыл бұрын
Hello to Reyes...from London.
@WisconsinMoparEnthusiasts3 жыл бұрын
bro why is YT hiding your videos, havent seen your videos in like 2 months, o well now i can bincge watch and catch up
@x4486xx2 жыл бұрын
Man I’m Mexican and need HELLA subtitles for this bideo
@CarlosRomero-po6co2 жыл бұрын
Good video, It'd had been great if you would had asked about the legal process, like what license you need and all that stuff!
@Jpt01amr2 жыл бұрын
I want to know how Much he spends on truck notes, storage fees, gas fees on all trucks , inventory cost . He had to buy all those chairs and tables and they aren’t cheap
@brianbordenkircher522 жыл бұрын
Your channel seems to have really blown up! I’m starting up as a youtuber. Used to do vinal decals, cnc machine for craft business. Thanks for sharing!
@racheld3792 жыл бұрын
I do the same; Cricut, Glowforge. Looking for something with a higher ROI :)
@roadshowmasters Жыл бұрын
we do the same here in kenya. The margins are not that lucrative, but we get by.
@hectorluna5703 жыл бұрын
Dudes a freaking hustler😎
@FinancialFreedomMadeSimple3 жыл бұрын
These businesses on the side will actually make you more money.
@Themaskedtalker3 жыл бұрын
Some of that free 99 knowledge 👌🏽👌🏽👌🏽👌🏽
@codieayscue3 жыл бұрын
How much was his initial startup cost and how did it look when he began?
@armorplates88482 жыл бұрын
5k at least
@ryaneboy1012 жыл бұрын
@@armorplates8848 5k is way too high...My pops does the same type of business. If you already have a Box truck,Work van or truck/trailer you could easily spend 1k or less on used chairs and tables. Over time you grow your inventory and equipment.
@Big_Chris Жыл бұрын
Bro said naw I'm not that Mexican 🤣🤣
@evenlopezrodriguez6467 Жыл бұрын
My grandpa and dad started this business 35 years ago in a little town in North of Mexico, then my dad got the business and he can raised up my two brother and me with my mom. It's a great business and you can get good earnings when you give a good customer service and quality in the products.
@Cmar243 жыл бұрын
Them better be the most comfortable chairs of all time
@reploid1233 жыл бұрын
4:20 reyes was setting up for him to say gas lmao, great video though, just goes to show how many good business opportunities are out there that people might not even think of, renting party equipment would never have crossed my mind
@cebasmb82503 жыл бұрын
Yes he was about to talk about the gas ⛽ 😆 🤣
@Pauleazy4203 жыл бұрын
Reyes: I tried to use the bathroom but there was a chair in there😆
@luieflores59152 жыл бұрын
Reyes is awesome! I want to see him cleaned up in tux not chanklas all the time 🤞
@cashflowfamOC3 жыл бұрын
Here for the Free 99 knowledge. Reyes trying to help with chanclas lmfao HAHAHAHAHA!
@eggrollsttv3 жыл бұрын
that title "1,2000"
@aprildice10642 жыл бұрын
U don't always need maths to be a true g
@trillionaire24782 жыл бұрын
😂🤣😂
@veronicasanchez2556 Жыл бұрын
Where is the dolly from?
@elcompadanny233 жыл бұрын
Damn Reyes got excuses...been late...my back...and homie just laughs! LOL
@danny8block3 жыл бұрын
Bro that’s good money, I know ppl who have a grocery store and have a lot larger initial investment with equipment and stuff that make about the same
@sweetsunshineplaytime Жыл бұрын
Great content bro
@goldenstandard1873 жыл бұрын
LOL HE SAID HE TRIED TO USE THE REST ROOM AND THEIR WAS A CHAIR IN THERE
@JP-zz5rm3 жыл бұрын
BUT REYES WHAT ABOUT THE GAS REYES WHAT ABOUT THE GAS!!! - if you know you know.
@gerardo79642 жыл бұрын
looks fun if the pay is good. Im 25 and id do this if i was in cali
@richardgriffin2659 Жыл бұрын
Just subscribed man. Looking forward to learning
@jimmyg6452 жыл бұрын
20k in product plus a truck. You can make a lot but you have to invest in the product. 1 hour rental but you have to load and unload. It's a full day.
@fume56713 жыл бұрын
you have to remember they dont always make 6k sometimes they dont get booked etc etc
@RDStudios2 жыл бұрын
You should have asked him how he survived the down time in 2019 & 2020 when just about everything was cancelled.
@ohHeyKev2 жыл бұрын
I'm in the business and it was bad. 2019 was a good year but the moment COVID was mentioned to be in the US our customers out of fear cancelled all their events.
@EdwardSanchezProductions3 жыл бұрын
Your videos are the best
@anatoliyrubanenko72773 жыл бұрын
The laugh at 2:51 is how all rich people laugh
@eyeshezzy3 жыл бұрын
The look when he said he doesn't have free days 😅😂
@willjb892 жыл бұрын
"Nah bro I am not THAT Mexican" IM DEAD hahaha
@italoqueiroz70792 жыл бұрын
The question is: How to get the clients? That’s should be the real expensive…
@roberts.83892 жыл бұрын
That’s the easy part, fb marketplace & Craigslist
@TomikaKelly Жыл бұрын
Advertising, networking, standing orders with venues and planners, ect.
@romanarmendariz57753 жыл бұрын
That's great he has people that would pay that much! Shiiiittt ..i get tables, chairs, and jumper under 200. Lol.
@nikkirodriguez8207 Жыл бұрын
Under 200$ 😮 let me guess u live in a border town.
@josephfaurie35032 жыл бұрын
Simple plan for not overworking yourself everyday long hours is maybe only have a few tables and chairs and only rent out on weekends. That’s when most parties tend to be anyway. Just a personal opinion…
@edwo66482 жыл бұрын
And you are wrong, really really wrong. Its not an industry you can make any money at just working the weekends. When do you think you do the cleaning, repairs and loading? When do you take calls and reply to emails?
@TheRealSkiMask3 жыл бұрын
Damn making $12,000 an hour😳
@revamp26723 жыл бұрын
More like 1,2000
@jr69053 жыл бұрын
$6000 in a day for that wtf 😂😂😂
@fbnmndz3 жыл бұрын
You may wanna remove a ZERO reyes, I thought 12,000 lol
@jaydowwg8150 Жыл бұрын
Please inform me the size tables you have ??? And what they are? Also how much you paid for each. I'm in FL and want to get this going. Also the chairs u have
@eduardocisneros57843 жыл бұрын
I’m not that Mexican 😂💀
@holycutz74653 жыл бұрын
I could get ‘50 chairs for 50 bucks or so .. I think he’s to expensive in the Merced 209 area
@ricardogamezjr3 жыл бұрын
Can you please do an anytime fitness franchise owner
@littlespressurewashing2 жыл бұрын
Amazing video
@roytjm13 жыл бұрын
Dios te Bendiga Bro Thanks for the videos
@stephanieh5216 Жыл бұрын
"Your intervention" ❤😂
@auroraramirez73812 жыл бұрын
Where do you buy the chairs from ? Folding chairs?
@DHendo214 Жыл бұрын
He didn’t ask some questions like, how does he get his customers? Website? Ads? Etc. what would he suggest for someone starting out in this business. Overall good video
@scottydogbigg29913 жыл бұрын
Gotta risk it for the biscuit.
@BenignoBarrera3 жыл бұрын
didn't include expenses :/ reyes was tired
@jfloresdrums3 жыл бұрын
$55 to fill up a tank? Lies!!!!
@cjb80853 жыл бұрын
Those invoices seem a bit suspect lol. $1,200 for a few tables 😆
@armorplates88482 жыл бұрын
@Andre Anthony wtf aré u talking about
@armorplates88482 жыл бұрын
@Andre Anthony bruh 1 table is like 80 brand new those prices don’t make no sense 🤦🏽♂️
@kandlrex2 жыл бұрын
As a regular person how are you going to find the money and stock and have time to go searching for the tables and chairs needed for a large event, also why would you buy it and be stuck with them when you can hire it and it gets delivered and taken away for you when you can sit on your porch with a beer
@thechump13 жыл бұрын
$6K revenue, what’s profit? Two good questions to ask is: 1. How much are you earning per hour considering all time and expenses? 2. What’s the opportunity cost of this business? I.e. What are you sacrificing or what are the other opportunities you are giving up for this?
@Bucdon2 жыл бұрын
I heard the word "made" in there some where so, I am guessing thats the profit?
@shannonmcdonald14312 жыл бұрын
I'm mind blown! Easy money!
@edwo66482 жыл бұрын
The industry has a 8% net margin if done correctly. It only seems like easy money because you are ignorant.
@Mrjozz0113 жыл бұрын
Better than detailing! Lol
@InDahoodYooo2 жыл бұрын
Wow . Great job 👏
@seanloctv2 жыл бұрын
really dope video !!!!!😃😀
@allinonelasvegas3152 жыл бұрын
Good video. Good info.
@csp_events Жыл бұрын
love this👍
@damianpascual972 жыл бұрын
Can you do a home remodeling company next ?
@porchard82613 жыл бұрын
Cool video!
@TearitoffE2 жыл бұрын
You can write off your box trucks and vans?
@recognizegame2152 жыл бұрын
Wait until Brandon sees this video. Large gathering are now a crime 😂
@dec1slh2 жыл бұрын
Lets go Brandon
@MULAMIGZ2 жыл бұрын
Epic work n motivation 😎
@msz512142 жыл бұрын
Big idea 💡 man 👨
@600miles3 жыл бұрын
You have a numerical error "Making $1,200 in One Hour" Did you get the 2 LoGo Lights I sent to you shipping center?
@djsmootht68252 жыл бұрын
Hope his family gets to see him more often
@samday44243 жыл бұрын
great video stay blessed up
@JustChillin7408 ай бұрын
I LIKE THIS✌
@montanosanti Жыл бұрын
I didn’t know Tenoch Huerta delivered chairs 🤪
@paulknoblock87972 жыл бұрын
What is the name of the Rental Software you use? Thanks
@rigo61563 жыл бұрын
When you can't afford a helper and you make $1,200 an hour? Yeah something ain't right.
@brandomcastor29513 жыл бұрын
Don’t wanna pay or deal with employee insurance
@rigo61563 жыл бұрын
@@brandomcastor2951 That's what contract workers are for.
@rigo61563 жыл бұрын
@@brandomcastor2951 Hell you can pick some workers from homedepot.
@jojoreynoso94082 жыл бұрын
Maybe he doesn't need a helper? Have you thought of that. He isn't making $1200 an hour all day everyday
@rigo61562 жыл бұрын
@@jojoreynoso9408 Of course I know that, but that's what Reyes is implying, that's my whole argument.