Because I am a gardener, there are a lot of things I would love to have – tiller, thatcher, edger, etc. But for me, it is cheaper to occasionally rent the equipment than to purchase it. It saves me the upfront cost, the maintenance costs, storage costs, etc. Many times I can go together with a friend and we can split the costs for renting for a day. Even better is borrowing pieces of equipment!
On the flip side of renting from others is renting to others. The other day we received an email from a home-school email group we are a part of. A couple was looking to rent a pop-up camper for a weekend. They had called around to RV places and they wanted to charge $400 for a weekend to rent a camper! My wife and I talked about it and we called to meet the couple. So over Father’s Day weekend this couple will be using our pop-up! Now we are not “renting” the pop-up out – too many liabilities with insurance, etc. But it is still a win-win – they get the pop-up for a weekend, and we will get a few things fixed on it (he is a handyman)!
What items could you be renting instead of purchasing yourself? Or, to make money what items could you rent out? I would love to hear your ideas!
