We Made How Much This Year? Equipment Rental Business

[@Ap_twsh]

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.

[@SkywayEquipment]

Excellent points right here. Keep an eye out we’ll do that.

[@lukekazmir-dj1kv]

@@SkywayEquipment did yall ever make a vid about contracts , liability, insurance? How to insure your machine doesn’t get stolen etc

[@UhJonn]

We got our first rental in September and have been more and more consistent throughout the months. Looking forward to 2024!

[@NewAgentHQ]

What machine are you renting?

[@UhJonn]

@@NewAgentHQ we have 1 Kubota u35 and 1 John Deere 317g at the moment

[@NewAgentHQ]

@@UhJonn How is it going and is it profitable?

[@chrisgarland2272]

Thank you for being so transparent!

[@barajas121]

Proven! Been following your journey and you've motivate me to start in California! Thank you for the knowledge.

[@jrac863]

Came across this channel on accident.Really interested in seeing how this business grows.Keep up the good work

[@dryrunoutdoors]

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

[@SkywayEquipment]

Thank you!

[@chrisgarland2272]

I have purchased a dump trailer 7 x14. I would like to add the Mini but leaning toward a MT100. I was wondering how well it rents for you?

[@SkywayEquipment]

MT100 is a great choice! Very reliable machine and rents well

[@carlwhitehead2646]

Proven!! Congrats on your success!

[@SkywayEquipment]

Thank you!! Happy New Year

[@JosueExplores]

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.

[@PremiumFuelOnly]

I just got back my quote on liability insurance, guess its time to make it happen, thanks for the videos.

[@chrisd5383]

How much?

[@PremiumFuelOnly]

@@chrisd5383 $2500 as long as I dont go over $250k in revenue.

[@lonestarcollectiblezcom2602]

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

[@SkywayEquipment]

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.

[@nicolas-maximejussiaume]

That's nice !! Good job !! 🇨🇦

[@SkywayEquipment]

Thanks! 😃

[@JohnCantey]

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?

[@joshcox8748]

Proven! I'd like to see an in depth video of insurance needed and the rental agreement & legal coverage.

[@rdugranitecompanync5164]

Im really thinking about getting into this Rental business and you motivating to go on . Thank you

[@SkywayEquipment]

Go for it!

[@ivanlavrishin]

What type of gps trackers do you use for your equipment?

[@NewAgentHQ]

How large of a truck do you need to haul a MT100?

[@SkywayEquipment]

It is only about 4,000 lbs. A 1500 is perfect

[@NewAgentHQ]

@@SkywayEquipment That is great, would you suggest putting it on a flatbed? I think this would lower cost without a trailer.

[@kevinsuarez708]

Proven!! Awesome content, thanks for sharing.

[@JohntehGman]

Proven Just found you guys, very cool. Interested in the same thing

[@jeremymartinez3961]

What software do you use to run your business?

[@bonusking1224]

Did you write up your own rental agreement or copy one from one of the big guys?

[@SkywayEquipment]

Our own agreement

[@tko6196]

How much does a 317g with cab rent for...

[@SkywayEquipment]

$350

[@Huntinwithdaboyz]

PROVEN!!!! Been watching since day 1.... Or well close to it.

[@SkywayEquipment]

Thank you🫡

[@THYKAER]

So how do you get salary ? Do you have a side job ?

[@SkywayEquipment]

Yes, we both have full time jobs. This is just a side business

[@j.l.7807]

Came here to ask this! That’s badass for a side business and inspires me to grow my business.

[@WW-lm5ji]

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.

[@SkywayEquipment]

Yes! This is just a side business right now

[@NewAgentHQ]

@@SkywayEquipment How many hours a week does it take to operate?

[@kiteman377]

Did you get a CDL or is one not needed for your big trailer?

[@SkywayEquipment]

Yes sir. CDL is required for that big guy

[@joelschaffner]

Proven!

[@precisionfilms3777]

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.

[@SkywayEquipment]

Actually the opposite!

[@precisionfilms3777]

@@SkywayEquipment so people actually take good care of your equipment?

[@connorwysocki6575]

Proven

[@lukekazmir-dj1kv]

Can you share your rental agreement and liability release ? I’m looking for good solid versions to start up my rental side hustle ! Plz and thanks

[@jakewiebe4253]

Proven

[@TrailblazerEnterprise]

👍🏾👌🏾💪🏾

[@accold21]

Proven!

[@05nbs_aldo75]

Proven

[@EntreprenuerDavis]

Proven!

[@dustinw95]

Proven

[@damianpascual97]

Proven