Every month, hundreds of thousands of new businesses are started and look to join the market. While many companies exist to sell a product or a service, some simply rent them. There can be a lot of different types of rental companies from renting tools, to renting equipment, to renting party supplies, and everything in between.

Mandatory closures and safety measures implemented due to the COVID-19 pandemic have impacted almost all industries. This is especially true for small and medium-sized businesses that are working with limited resources. As business owners focus on coming up with an emergency response plan, it is helpful to be aware of the various relief programs offered by the federal, state, and local governments across the U.S. 

There are different programs for you to consider, from the Congress pledging a stimulus package and several states introducing their own relief funds. We’ve compiled a comprehensive list of federal, state, and lender-specific COVID-19 relief programs you can pursue.

Mandatory closures and safety measures implemented due to the COVID-19 pandemic have impacted almost all industries. This is especially true for small and medium-sized businesses that are working with limited resources. As business owners focus on recession planning, it is helpful to be aware of the various relief programs offered by the federal, state, and local governments across the U.S.

There are different programs for you to consider, from Congress pledging a stimulus package and several states introducing their own relief funds. We’ve compiled a comprehensive list of federal, state, and lender-specific COVID-19 relief programs you can pursue.

Do you struggle to track your rental equipment effectively?  It can be a tedious task without the right tools and methods — not to mention the risk of inaccuracies and errors. The stakes are high when it comes down to tracking your most prized possessions – your equipment.

Coordinating all your pieces of equipment requires access to important information. Using traditional manual methods or even spreadsheets to track your rental equipment isn’t efficient. It leaves you vulnerable to human errors, greater costs, and in a worst-case scenario, even equipment loss.

Small and medium-sized rental businesses across the world are facing new and unique challenges due to the spread of COVID-19. These include shipment delays, restricted travel, and of course ensuring the safety of employees and customers. This serious global health threat has disrupted millions of lives. As calls for self-quarantine continue to rise, businesses need to take measures that will minimize disruption. 

An estimated 1.8 billion people shop online globally. This means if your rental business doesn’t have an online store, you’re missing out on a huge market and big profits. Give customers 24-hour access to your rental stock to maximize sales.

Your online rental store has to do more than just show customers your products and their prices. Here are six practical tips to help you design and execute a successful online rental store. Implement these and you will be a step closer to a high-performing online storefront.

The global motorcycle rental market is set to grow at a CAGR of 7.74% by 2021. A major reason for this growth is an increase in road trip tourism and rising traffic congestion levels. Increasingly, tourists are renting motorcycles to avoid congestion and reach exotic destinations which may not be easily accessible via public transport.

To deal with the growing demand, all motorcycle rental businesses must try to scale up. However, such growth comes with its own set of challenges. Here are some of the common pitfalls faced by motorcycle rental companies and how to resolve them.

The global medical equipment rental market size is projected to reach $65 million by 2026, according to a new report by Acumen Research and Marketing. From individual clients to clinics and hospitals, the range of customers in the industry is diverse.

The market, especially within the US, is thriving because of the increasing number of private clinics with equipment requirements. Also, hospitals are opting to rent expensive medical equipment instead of leasing or buying.

This offers them budget flexibility. For example, due to rapid developments in technology and the need to upgrade quickly, many hospitals may choose to rent costly equipment that they intend to replace in a few months. 

The EZRentOut team is excited to attend The ARA Show in Orlando, Florida, from February 10 – 12. We are offering in-depth demos and discounts at the American Rental Association’s annual convention and trade show for the equipment and event rental industry. With over 700 exhibitors, hundreds of networking opportunities, and rental specific education, we hope to see you at one of the premier rental industry events of the year.

If you are in the party rental business then you know it’s no party. Like all businesses, the key to success is hard work and daily dedication to your customers – no shortcuts. Also, it is a competitive market with increasingly innovative ideas propelling businesses to success. So how do you create an impact?

Whether you are new and looking to make your place in the market, or trying to take your business to the next level, you are likely to face multiple challenges.

Here are five tips that can help your party rental business achieve success in 2020.