Category: Rental Business Services
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How IoT can Drive Efficiencies in Equipment Rental Operations
Managing inventory and fleet efficiently has long been a challenge for rental stores. Between managing dozens to thousands of machines, servicing customer needs and maintaining uptime, how can you keep track of everything without letting inefficiencies erode the bottom line? Enter the Internet of Things (IoT) — a transformative technology providing rental businesses unprecedented visibility…
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Rental Snapshot – Achieving Success in the Chicagoland Rental Market: RP Rents
Q. How did you first get your start in the rental industry? Our journey in the rental industry began with our dad, who had a strong background in the business and a vision to create something of his own. After years of experience working in rentals, he took the leap and started his own company. From…
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Making Customer Stratification Work in Equipment Rental
There are several definitions of “stratification,” many of which deal with rock formations. In today’s case, the definition is more on the side of “the dividing of a society into levels based on power or socioeconomic status.” Stratification is also defined as the act of sorting data, people, and objects into distinct groups or layers.…
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Equipment Sale Leaseback: IRS vs. FASB Considerations
An equipment sale leaseback is a financial arrangement where a company sells its equipment to a leasing company or financial institution and then immediately leases it back for continued use. Essentially, it’s a way for a business to free up cash tied to equipment it owns while still retaining access to that equipment for its operations.…
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ARA Addresses Rental Equipment Theft
Picture this: a customer comes in requesting a specific piece of equipment they need for the next couple of days. It’s in stock. You do your due diligence, capture their information, set up the agreement, take payment, etc. After a quick inspection and confirming the machine is in good order, it’s brought around to the…
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7 Reminders for Equipment Rental to Find Success in 2025
With the new year underway most rental businesses are in their quieter season now, but that makes this an ideal time to prepare for busier times ahead. Between planning and training this is your opportunity to set the stage for a prosperous year to come. Here are 7 timely reminders for greater success in general…
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Defining ‘Five Stars’ in the Construction Industry
What’s the first thing we all do in a new city? Search Google or Yelp for places to eat. Then, we ask a few folks to see if the “five-star reviews” translate into meaningful experiences. In industries like ours, delivering world-class service every day is not only the norm but the entry price for civil…
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Rental Store Profiles in Rental Magazine
Every issue of Rental aims to include an inside look at an independent equipment and tool rental store through what we now affectionately call “Rental Snapshot”—a Q&A article featuring you, your company, and your insight. We are now looking for you. If you’re interested in participating, please email me at [email protected]. Should we select you…