How to make $10,000/mo Renting Party Equipment

🎧Join Xavier Kelly, Eddie Sauceda, and Tina Tran for an insightful discussion on 'How You Can Make $10,000 Per Month from an Equipment Rental Business' in this engaging video. In this session, the trio dives deep into proven strategies, actionable insights, and insider tips to help you achieve significant monthly revenue in the equipment rental industry. Whether you're a seasoned entrepreneur or a newcomer to the business world, this discussion offers invaluable guidance and inspiration to reach your financial goals through smart business practices and effective execution. Tune in and unlock the potential for financial success in the equipment rental business!🎧

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👇🧐 About The Host 🧐👇:

The hosts have 5 years of experience running an event rental company. Their company, Kelly Rentals, makes more than $2.25 million a year as of 2023. Located in DFW, Texas, they’ve helped more than 20 other event rental companies across the country.

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00:00 Why you should watch to the end
00:38 Key Considerations for location and market selection
03:39 Steps to legally establish your rental business
03:47 Talks about initial investment
04:32 Getting an LLC, go for Zenbusiness!
05:04 Applying for an EIN (Employer Identification Number)
05:50 Setting up banking accounts, consider NovoBanking
07:03 Securing business insurance through NextInsurance
08:16 Factors to consider when choosing a storage option
10:48 Essential items for earning income
15:19 Methods in pricing your inventory
17:32 Choosing the right vehicle
27:37 Delivery and return procedures
33:02 Cleaning process for items
34:07 Protective items to prevent damage
35:41 Choosing the BEST SOFTWARES for your rental business
43:04 Key features of our rental software
45:27 Bringing in customers to your rental business
47:08 Enhancing service for rental clients.
49:27 Financial breakdown and forecasting