Unleash Hidden Rental Revenue with RentalResult
When your construction equipment is sitting idle, you are losing valuable revenue. Maximize your equipment’s potential by partnering with subcontractors on your job site. By extending the use of your equipment to these subcontractors, you can generate additional revenue. Instead of letting your equipment sit idle, you can easily bill it out to subcontractors, ensuring continuous use and increased profitability.
Key Takeaways:
- Identifying Revenue Opportunities: Learn how underutilized equipment, spare tools, and non-serialized items can be rented externally to generate additional income.
- Setting Up External Rentals: See a step-by-step demonstration of how to set up and manage external rentals using RentalResult, from equipment selection to billing.
- Revenue Tracking and Reporting: Discover how to track rental revenue from external contractors separately from internal operations to maintain clear financial reporting.
- Utilization Optimization: Learn how maximizing equipment utilization during project downtimes can significantly improve ROI on your assets.
- Customizing Access for Third Parties: Gain insights on configuring restricted access for subcontractors, ensuring they only see and rent equipment relevant to their specific projects.
- Tax Handling for External Rentals: Understand how RentalResult can manage tax implications for subcontractor rentals and sales, with improvements planned for simplification.
Watch the full webinar and get more ROI from your equipment.
