Aug/Sept 2016

Rental Aug/Sept 2016

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Take Steps to Ensure Customer Safety

Chad Cochrane is the general manager of US Markets Inc., an Illinois-based wholesale lift equipment company that provides re-rental, reconditioning and used equipment services for the equipment rental industry across the U.S. and Canada.

How to Design a Website That Draws Business to Your Rental Company

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MarketWatch: Overcoming Everyday Obstacles to Success

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MarketWatch: Overcoming Everyday Obstacles to Success

Tier 4 Final engine service requires specialized diagnostic tools and software, which can differ from one manufacturer to the next. The proper use of this diagnostic technology is best gained through specialized training.

Tier 4 Makes Construction Equipment Repairs a Tough Nut to Crack

An American Perspective on the Hire Industry in the UK

I recently toured a variety of rental companies, known as “hire shops” or “plant hire” companies in the UK. These included the single-store independently owned and operated variety as well as the large industrial-focused “super hire store” variety.

July 14, 2016

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Understanding Ownership Costs

Based on my extensive experience in the dealer, rental and leasing businesses, I find running rental metrics against the original cost of the equipment is the best way to compare rental activity from one reporting period to the next.

July 14, 2016

Garry Bartecki is the managing member of GB Financial Services LLP and a consultant to Associated Equipment Distributors (AED).

Rental Business

The Keys to Successful Online Marketing for Your Rental Business

Your website and social media pages must make sense for your business. These pages should be considered your front door – they are the first thing potential and existing customers see.

July 11, 2016

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Improve Your Bottom Line Through Better Condition Reporting

Research by Record360 reveals that damage costs per rental transaction tend to be .007% of the asset’s market value. For a boom lift worth $174,000, that means losing over $12 for each and every rental.

July 6, 2016

Shane Skinner, co-founder and CEO of Record360, a digital documentation solution for asset rental and leasing companies to decrease damage disputes and costs, and boost customer service.

Financing, Insurance & Leasing

How Rental Companies Can Stay Competitive With a New Approach To Financing

Some owners perceive the total equity of owned equipment as a reflection of the total value of their company, but a rental company’s value is centered around the quality of equipment they are able to provide, and how quickly they can rent it to customers.

July 5, 2016

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Surviving the Skills Gap: Three Ways to Acquire a Qualified Team

The Association of Equipment Management Professionals (AEMP) has identified the shortage of skilled labor as a critical issue for equipment fleets in every industry since 2008, and this shortage extends worldwide.

June 28, 2016

Sharon Anderson Young manages AEMP’s professional certification program for equipment fleet managers and suppliers. To learn more about earning your Certified Equipment Manager (CEM) or Certified Equipment Support Professional (CESP) designation, please contact her at Sharon@aemp.org. For more information about AEMP and our EquipmentShift to Lower Costs and Increased Productivity conference in Memphis, TN, Oct. 26-27, 2016, please visit the AEMP website: http://www.aemp.org/ or call (970) 384-0510.

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