7 smart ways for AV rental companies to tackle the current market

AV rental companies tackle current market situation

In March of this year, over 500 trade shows were canceled globally, according to news accounts. Eight seven percent of audiovisual (AV) solution providers and 83 percent of AV end-users said their companies were negatively impacted by the pandemic, according to a survey conducted in the same month.

The same company reported data in June that the industry impact appeared to be lessening slightly, and attributed it to slowly opening economics and projects. While the impact of the pandemic may be lessening, it is important for AV rental companies to adapt to the “new normal”.

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Rental Office Furniture Demand is on the Rise. Is Your Business Keeping Up?

office furniture rental

The pandemic has impacted every industry differently and while most are facing tough challenges, others, such as office furniture rental businesses, are seeing an uptick in business.

There is a simple reason for the sudden increase in demand for office furniture. Now that people are spending more time at home and in a lot of cases, setting up their home offices, they require furniture pieces that can help make the workspace more comfortable.

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4 Smart Rental Business Ideas to Implement During the Pandemic

Rental business idea to implement during the pandemic

Businesses survive tough market conditions by adapting and pivoting and the rental industry is no different. The COVID-19 pandemic has impacted rental businesses across a broad spectrum of industries. Customer needs, behaviors, and priorities have changed as people have made unprecedented changes to their lives.

 People are renting items for a whole range of new purposes which can facilitate their socially distanced lives. Take the example of renting work-out equipment instead of physically going to the gym. This trend is not just limited to individuals but also impacting entire industries.

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4 Ways Rental Equipment Maintenance Software Prevents Revenue Loss

4 Ways Rental Equipment Maintenance Software Prevents Revenue Loss

No matter which segment of the rental industry you function in, rental businesses of all sizes have one goal in common: improving the bottom line. This means increasing profits and reducing losses as much as possible.

Long-term market shifts show that the equipment rental industry in the US has been growing steadily. Increasing demand means companies can stock greater quantities of equipment so they never have to miss out on an order. On the downside, this also means more maintenance schedules to keep track of, and greater upkeep costs.

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EZRentOut Feature Releases August 2020

August 2020 release notes

The EZRentOut team rolled out some exciting features in the past months. As part of our effort to help you improve functionality and streamline workflows, we added enhancements to our Custom Fields and Bundles features. We also added new features that enable you to easily charge delivery and pickup fees, add serial numbers to Order Line Items, and much more!

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After the Pandemic: Key Trends to Watch in Construction Equipment Rental

What to expect from the future of the construction equipment rental

As of July 20th, the US has entered its fourth phase of reopening amidst COVID-19 lockdowns. The extent of relaxing the lockdown and reopening the economy varies widely across different states, counties, and even cities. Businesses that operate indoors are more hard-hit than ones that lend themselves more to social distancing. The construction industry is among those that are steadily opening up with work resuming at sites across the country.

Many states including Kentucky, Ohio, Maryland, Massachusetts, and New York have either reopened or are in the process of reopening the construction industry. While nonessential construction projects are still on hold, all essential ones, such as bridges, hospitals, affordable housing, and homeless shelters, are ready to start again.

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10 Cost Cutting Ideas & Money Saving Tips For Your Rental Business

Rental business

While there are several different kinds of rental businesses out there, they all share a similar goal – increasing profits. As you focus on making money, make sure your company should also find ways to save money. Every rental business should have an emergency fund, but there are many that don’t. No matter what kind of rental company you operate, you should be looking for ways to save money and cut costs.

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Keep Students Accountable for Rental Equipment With Online Rental Booking Software

Hold students accountable for rentals with an online rental booking software

The US education sector was valued at $1,350 billion in 2017 and is expected to reach approximately $2,040 billion by 2026. With a CAGR of more than 4.5%, the education sector continues to grow at an exponential rate.

With an ever-increasing number of students enrolling each year, educational institutions have the additional administrative burden of safeguarding valuable rental equipment while still providing students with everything they need in a timely fashion.

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Boost Productivity with These 5 Work Order Management Hints

Work order management tips EZRentOut

Do you run a small business? Then you know that there are always more tasks to handle than hours in the day. These can range from ordering inventory and undertaking quality checks to carrying out maintenance tasks and ensuring compliance.

For maintenance tasks,  employees need instructions and direction, equipment downtimes have to be scheduled well in advance, and there needs to be coordination between all departments and locations.

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