Make Money Renting Out Cranes and other Construction Equipment

Developers of apartment buildings and other projects often don’t own their own construction equipment, including cranes. This is because they only need cranes for a limited time- the length of time it takes to complete their project. Therefore, developers rent their cranes, forklifts, and even smaller equipment from companies or investors that are willing to hand over the money to purchase and store them. This presents a great opportunity for you. Between AI and automation, the world can end up being a very different place decades from now, but it’ll still need cranes.

How to Rent Out Construction Equipment

The first step to renting out construction equipment is to determine what specific equipment you’d like to rent out. You can rent out large construction equipment like cranes, bulldozers, or forklifts. You can also rent out smaller equipment like drills, saws, and shovels. Smaller equipment is more affordable to rent out and easier to store; not to mention, generally a better choice for beginning investors.

The next step is to find your equipment. You can find this equipment by contacting a construction company. They will often have leftover equipment they can’t use and are selling, perhaps because they have enough already or just don’t need anymore. Once you…