Hope you guys and gals enjoy the update! I feel like I talk to much at times but there is a lot to be said lol!! Hope you all had a Merry Christmas and a happy new year!!
He'll yeah dude nice video I have been checking in to see if you had a new one out yet . Happy new year and I wish you good look hope you absolutely kill it this year. Look forward to your next video
There is a spray paint that they use off shore it turns rust back into metal and stops the rusting process I don’t remember what it’s called but you should buy it and spray your frame and everything under that truck with it. It won’t repair the frame if it’s rusted out but it does stop rust
It’s hard to beat the independent guys that have been in business since their grandfather started it. Then you have the Sunbelt, Herc and United Rental companies that get deals from the manufacturers because they buy so much. I’ve thought about doing this twice but could never get the numbers to work out. Was going to buy 2 tracked Kubota skid loaders and a U-35 but the payments made me nervous and I’m surrounded buy all the large rental companies, 2 ma and pa rentals then the dealerships themselves rent out equipment. Then it’s risky if your shit gets tore up. You’ve got to buy new stuff because you can’t rent out broken down garbage. There is a concrete guy on here that just went out bought a large brand new Bobcat excavator, Bobcat stand on mini skid steer and 2 New Holland track loaders. He going to start a rental business. Financed it all. Will be interesting to see how it turns out.
Yes I saw the guy buy equipment. Just financed like 300k. Probably close to 5000 a month in payments. Sunbelt is pretty high near me but dealerships are usally dirt cheap to rent from.
So what happens if somthing breaks like a cylinder bends or somthing like that? Do you make the renter pay for it? What if it’s not their fault and what if it is? Do you put their credit card on file? Best of luck this year my friend!
I put their credit card on file! I have a warranty on these new machines so if something like that we’re to happen it should be covered. But if it was determined to be misused and/or abused I’d just make them pay as it is stated in my contract that everybody signs. I have in the contract that there responsible for any damages done!
Hey man I'm in WV and actually came across your posts in Facebook marketplace before watching RUclips and finding your channel as well! I have a Kubota BX and a couple of dump trailers and was looking at buying a mini excavator to rent out. Really torn between going with a Kubota U17 or going with a different brand, whether it be Bobcat, Deere or just a cheaper Chinese excavator. If you had to buy one again, would you get the same one or something else?
I’d get a bigger one. But I’d stick with a name brand. Bobcat Deere Kubota Komatsu. I’d get like a u35 35g pc35 e35 something like that. There about the perfect size for any job. I have a lot of people think the u17 is a bit to small.
Preferred payment.. cash, Venmo, credit card? How do you deal with people who don’t pay? Speaking suggestion Make bulletpoints points on what you wanna talk about. Keep up the great content. Looking forward to getting into the rental business..
I do cash check and credit card. I take payments upfront so I at least don’t lose out on that. I also make customers put a credit card on file even when paying cash.
@@noelgreer make sure you have all your stuff in order when someone rents something. Signed contracts hours on machine pictures and dates. And if they do a charge back fight it. Send all info to credit card companies.
I have! Those things a probably gonna put a hurting on the rental/small excavation business for a little while. I’d say they probably won’t hold up near as well as a name brand and the resell value probably won’t be there. I may end up having to buy one just to compete lol!
I’d buy new or used. Just depends on what works best for you and how good of a deal you get on used equipment. I will probably start buy more used equipment down the road when I get more money built up.
I don’t but I need to get one set up asap. I do have in my contract that the lessee is responsible for any and all damages done! They sign and put a card on file.
Hope you guys and gals enjoy the update! I feel like I talk to much at times but there is a lot to be said lol!! Hope you all had a Merry Christmas and a happy new year!!
Happy New Year. Thank you for posting update. I am learning so much and really appreciate these vids.
He'll yeah dude nice video I have been checking in to see if you had a new one out yet . Happy new year and I wish you good look hope you absolutely kill it this year. Look forward to your next video
Great update !!!
Thank you for sharing this information! It helps a lot for beginners.
Awesome update - keep us posted and all the best in 2024!
Thanks
I’ve been in the excavation business for 38 years, 19 years as owner. Best of luck and well wishes young man.
Thank you!
What are your thoughts on renting out skid steers
A mini skidsteer is next for me this year as well.
There is a spray paint that they use off shore it turns rust back into metal and stops the rusting process I don’t remember what it’s called but you should buy it and spray your frame and everything under that truck with it. It won’t repair the frame if it’s rusted out but it does stop rust
Its much harder to put flat spots on a quality 14 or 16ply tire. If you buy them online from priority tire they are around $150 to 160 a tire.
What size dump trailer are you guys running?
Don’t patch the sidewall, but since its a rental item, it could be a huge liability of it blowing out again
What kind of hidden costs are there? Insurance and stuff.
I live in Nashville Tennessee. What city do you live in?
It’s hard to beat the independent guys that have been in business since their grandfather started it. Then you have the Sunbelt, Herc and United Rental companies that get deals from the manufacturers because they buy so much. I’ve thought about doing this twice but could never get the numbers to work out. Was going to buy 2 tracked Kubota skid loaders and a U-35 but the payments made me nervous and I’m surrounded buy all the large rental companies, 2 ma and pa rentals then the dealerships themselves rent out equipment. Then it’s risky if your shit gets tore up. You’ve got to buy new stuff because you can’t rent out broken down garbage. There is a concrete guy on here that just went out bought a large brand new Bobcat excavator, Bobcat stand on mini skid steer and 2 New Holland track loaders. He going to start a rental business. Financed it all. Will be interesting to see how it turns out.
Yes I saw the guy buy equipment. Just financed like 300k. Probably close to 5000 a month in payments. Sunbelt is pretty high near me but dealerships are usally dirt cheap to rent from.
@@brandonsdiyprojects if dealerships are dirt cheap to rent from then why should I get into this business if they’re going to undercut me?
@@noelgreer I wouldn’t do it. It’s a bad choice you won’t make any money!
Even if its a machine that people dont rent like am asv? @brandonsdiyprojects
Perhaps I missed it but what do you charge per hour for each old and new piece?
So what happens if somthing breaks like a cylinder bends or somthing like that? Do you make the renter pay for it? What if it’s not their fault and what if it is? Do you put their credit card on file? Best of luck this year my friend!
I put their credit card on file! I have a warranty on these new machines so if something like that we’re to happen it should be covered. But if it was determined to be misused and/or abused I’d just make them pay as it is stated in my contract that everybody signs. I have in the contract that there responsible for any damages done!
Hey man I'm in WV and actually came across your posts in Facebook marketplace before watching RUclips and finding your channel as well! I have a Kubota BX and a couple of dump trailers and was looking at buying a mini excavator to rent out. Really torn between going with a Kubota U17 or going with a different brand, whether it be Bobcat, Deere or just a cheaper Chinese excavator. If you had to buy one again, would you get the same one or something else?
I’d get a bigger one. But I’d stick with a name brand. Bobcat Deere Kubota Komatsu. I’d get like a u35 35g pc35 e35 something like that. There about the perfect size for any job. I have a lot of people think the u17 is a bit to small.
@@brandonsdiyprojects Awesome, I really appreciate the feedback brother! Keep up the excellent content
I’d say stay with the name brands! Buying cheap because it’s chinese may be a bargain at the beginning but parts for them can become a quest
Let’s go Brandon!!
Preferred payment.. cash, Venmo, credit card? How do you deal with people who don’t pay? Speaking suggestion Make bulletpoints points on what you wanna talk about. Keep up the great content. Looking forward to getting into the rental business..
I do cash check and credit card. I take payments upfront so I at least don’t lose out on that. I also make customers put a credit card on file even when paying cash.
@@brandonsdiyprojects what happens if someone tries to get money back on the credit card they gave you?
@@noelgreer make sure you have all your stuff in order when someone rents something. Signed contracts hours on machine pictures and dates. And if they do a charge back fight it. Send all info to credit card companies.
have you seen those chinese mini excavators for 5000$. im thinking of getting one because people in my area are renting them out for 150 a day...
I have! Those things a probably gonna put a hurting on the rental/small excavation business for a little while. I’d say they probably won’t hold up near as well as a name brand and the resell value probably won’t be there. I may end up having to buy one just to compete lol!
yea it will be interesting to see how long they last. probably around a year or 300 hours at most
@@brandonsdiyprojects
So you would buy new or used for rental
I’d buy new or used. Just depends on what works best for you and how good of a deal you get on used equipment. I will probably start buy more used equipment down the road when I get more money built up.
Do you have a limited damage waiver?
I don’t but I need to get one set up asap. I do have in my contract that the lessee is responsible for any and all damages done! They sign and put a card on file.
Do you offer to operate the machine also.
I do side jobs from time to time so yes.
I’m not a smart man Jenny !!!