Rental Management Software and the Rental Industry
Rental management software can be a brilliant tool to utilize if you want a bigger slice of the rental industry pie. According to the American Rental Association, the forecast for the increase in revenue of the equipment rental industry still stands strong. The revenue forecast predicts a 5.6 percent growth in revenue to $47.9 billion in 2016. Revenue is projected to grow another 4.9 percent in 2017 and reach a record $55.6 billion in 2019. The industry’s growth forecast is double that of the overall economy.
“The equipment rental industry continues to grow at a fast pace with strong equipment rental demand within all markets,” says Christine Wehrman, ARA’s executive vice president and CEO.Continue reading →
In 2015, the US equipment rental market was worth around $34.5 billion. A major chunk of this is devoted to B2B companies renting heavy-duty construction equipment. Of course, a rental business lending textbooks to college students cannot expect to rake in similar profits. Still, the equipment rental industry is an extremely viable avenue for small- and medium-sized businesses. It is important to note that being successful as an SMB does not require that you undercut the competition on price, or rental duration terms. To this end, we’ll share some of the ways your SMB can best outperform competition in the equipment rental industry. Continue reading →
With EZRentOut, you can track items that are rented out as well as items that are consumed/sold. There are 3 types of items in EZRentOut; Assets, Asset Stock and Inventory. With this post, you’ll be able to determine which of your items go under which type. Continue reading →
Congratulations on joining EZRentOut! EZRentOut is a web based tool that will enable you to significantly reduce the workload of managing rentals, tracking equipment, and keeping your customers happy. You can also use our mobile apps (Android, iPhone/iPad) to scan labels to take actions.