Gear Rental Business... Could It Work?

Wrighty

Poster Extraordinaire
Joined
Aug 17, 2013
Posts
5,295
Age
67
Location
Essex UK
I wouldn't rent any gear you're particularly attached to. While it would be nice to think every renter would treat the gear with respect, I would not place a large bet on that happening. There are a lot of people in this world who have no problem abusing equipment and gear that doesn't belong to them.
Sad, yet true. Unfortunately I can also see you putting ‘please look out for xxxxxxx, serial number yyyyyyy’ posts on here when stuff worth more than the deposit doesn’t find its way home.
 

Wrighty

Poster Extraordinaire
Joined
Aug 17, 2013
Posts
5,295
Age
67
Location
Essex UK
There are more and more rental type business of all kinds. I like them because for a couple shekels I can generally abuse someone else’s stuff and just give it back.
That’s the attitude………………………..not.
 

Whatizitman

Poster Extraordinaire
Joined
Feb 18, 2018
Posts
5,922
Location
WV
EDIT: oh, didn’t see it’s an old thread, and OP is MIA. Hope all is ok. :(

The tax issue makes me think @Torrent61 is not out for a profit. Just some write off to help with GAS. Totally legal and legit. Even in CA.

No profit means no (or very few). Market your wares accordingly. In other words, NOT working musicians. Surely there are some blues lawyers who just wanna test drive vintage gear, but don’t want to be collectors. Take it to their house. Give them a few tips, and let ‘em loose for an hour or so. Charge accordingly. That is, exorbitantly. Get a few bites a year, or none. Report the loss at tax time.

As to the re-amping idea. Not sure it would fly very high, given stiff competition from modelers and DAWs. But it’s cheap to set up. And has similar tax losses, er, liabilities.
 
Last edited:

Bob Womack

Friend of Leo's
Joined
May 28, 2016
Posts
2,255
Location
Between Clever and Stupid
I've got a keyboard sitting in the foyer of my studio at work right now in an anvil case with FedEx stickers on it. I used it for a session yesterday. My company deals with a great back line rental organization regularly. In fact, the way we ended up with the keyboard was that we rented it so often that they eventually considered it a rent-to-own. This guy has everything from Steinway and Yamaha pianos to vintage guitars and amps. They can ship anywhere and can deliver regionally.

The key is to not be in the least bit emotionally connected to the instruments. That's the only way it works. They will get beaten up. You have to cycle them through because there's a point where they are no longer reliable. We once rented a console from this company to serve as one of five in front of house and monitor worlds for a huge production.

12fohconsm.jpg

Front of house tent with consoles for visiting bands, show and 75 voice choir, and 50-piece orchestra

A rain storm blew in. We bagged everything and put up the tent walls there at front-of-house world as it approached. Nevertheless, the water got in and drowned the far console in the pic. The rental guy just came in smiling, replaced it with another, and took it to a shop to be repaired. We had event insurance and paid for the repair. That's they way it goes in the rental biz.

Bob
 

JustABluesGuy

Friend of Leo's
Joined
Sep 2, 2016
Posts
3,887
Location
Somewhere
I’m confused. Are you taking about selling “a service” like re-amping or are you planning to rent the gear out.

I would only rent gear out if you specifically want to write the gear off as a loss on your business taxes.*

*Edit: Oops! I guess I should have read the thread first.
 
Last edited:

JustABluesGuy

Friend of Leo's
Joined
Sep 2, 2016
Posts
3,887
Location
Somewhere
I think your best bet is to work with the recording studios that you are aware of. Most studios have their own equipment but if you got your list out you might get rentals from even well-equipped studios. Good luck!

Yeah, and only to reputable studios. There are plenty of home studios in the bedrooms of Jr. high school students!
 

teletail

Friend of Leo's
Joined
Aug 25, 2019
Posts
3,449
Age
72
Location
West By God Virginia
Read the tax code before you start to salivate at the thought of benefiting from it. If it was easy, everyone would do it. I‘d price insurance too because your precious equipment is going to get beaten like a red haired step child, the pieces you get back anyway.

The most likely outcome is you lose money, get no tax benefits and wind up with a bunch of broken, beat up equipment.

But good luck! :lol:
 

Ted Keane

Tele-Meister
Silver Supporter
Joined
Sep 10, 2015
Posts
465
Location
Westminster,CO
It'd be a stretch in your location.

I've seen it work in major cities where the gear is rented out to studios, or to touring musicians (backline rentals.)

In the two cases where I've seen it locally, it was mainly amp rentals offered by the same outfits that were offering lighting and PA rentals... and both also offered expert tech services, so they could repair anything that was broken while out on rental. For that, you'd also want to invest in some Twins, Deluxe Reverbs, HRDs, Marshalls and Voxes... backlines that touring musicians typically work with.
I think you can get backline rentals in most cities.I lived in Park City Utah and our concert people would rent stuff all the time.
 

Old Deaf Roadie

Friend of Leo's
Gold Supporter
Joined
Oct 11, 2017
Posts
4,351
Location
Goonieville, OR
In order to have a successful backline business, you need to have multiple copies of the the rider-friendly gear that is in demand today, and enough market that you can pay off a piece of gear within the first 30 days of adding it to your inventory.
 




New Posts

Top