No More Over-Selling: How Renting Equipment Ensures the Best Equipment for the Job
As a land management company, L&M Land Management believes in providing its customers with top-quality services at affordable rates. One of the unique ways in which L&M stands out from its competitors is by renting equipment. In this blog post, we will explore the benefits of hiring a land management company that rents its equipment.
Use of the most modern equipment available
One of the significant advantages of renting equipment is that it allows L&M Land Management to keep its equipment up-to-date. By renting equipment, they utilize the latest and most modern equipment, which translates to better performance and efficiency. Equipment manufacturers are constantly improving in line with user feedback and new improved technology. These improvements reduce time and effort required by users, resulting in fewer labor hours. Safety is another factor that is constantly improving, and the fact is that accidents cost the customer money as well if not directly then indirectly through higher insurance premiums that are ultimately passed on to the customer.
Professionally maintained equipment
Another advantage of renting equipment is that it is professionally maintained. L&M has partnered with Carter Machinery and James River Equipment for many reasons, but one top reason is because their experts take care of all the maintenance and repair needs of the equipment they rent, ensuring that their equipment is always in top working condition. This translates to reduced downtime and increased productivity on job sites. Breakdowns cost time and money that add to the cost of the job. Delays caused by breakdowns can mean missed deadlines, which can ultimately hurt the wallet. Proper maintenance also results in safer equipment operation, which as previously discussed saves money.
Cost-effective method
Renting equipment is a cost-effective method compared to owning equipment. By renting equipment, L&M Land Management can avoid the high capital costs associated with buying new equipment, which allows them to offer their services at a more affordable rate. When a business purchases equipment, the cost of the equipment is factored into jobs as overhead, which is similar to rental cost. Just remember that with rentals, you get the advantage of the most modern, well-maintained, and safe equipment. Moreover, renting equipment saves the customer money since they only pay for the equipment when they need it.
No over-selling
Since L&M Land Management rents all of its equipment, it means they do not have any particular piece of equipment to over-sell. They can rent any piece of equipment that is available, which ensures that their clients receive the best equipment for the job at hand. For example, forestry mulchers are very expensive, and the best ones can only be used for forestry mulching. Any piece of owned equipment only makes the owner money when it is being used, and an expensive piece of equipment needs a lot of use just to cover the costs associated with ownership. A business that owns an expensive piece of equipment will naturally lean towards using that equipment even when it may not be the best solution for a particular project. While forestry mulching may be a good way to clear a lot, there are times when a bulldozer or excavator would be a better option, for example, if stumps are a problem. You wouldn’t want to use a mulcher to clear a path for a driveway since small stumps can pop car tires. An owner of a mulcher may over-highlight the benefits of mulching that driveway. By having a wide array of equipment to choose from, clients receive the most appropriate and cost-effective equipment for their project.
Flexible Solutions:
As touched on previously, renting equipment can offer flexible solutions to customers. L&M has a wide array of equipment options and can adjust their equipment to meet the unique requirements of each project. This flexibility ensures that their clients receive customized and tailored services that meet their specific needs. Having so much equipment can also eliminate bottlenecks or chokepoints. There are times when one piece of equipment is much faster than another resulting in downtime. By renting equipment, it can be added or removed when needed. For example, an excavator is digging a pit, and dirt needs to be constantly relocated to provide more room for the excavator's digging process, but in this example, one skid steer is not enough to keep up with the removal process. In this situation, by renting another skid steer, it can be on the job to ensure the excavator never has to stop moving. Then, as a bonus, when the extra skid steer is no longer needed, a phone call to the rental company for pickup stops the clock on the rental charges for that equipment. The result is maximum output for every piece of equipment on the job.
Environmental Benefits
In addition to the cost savings and flexibility benefits, renting equipment can also be better for the environment. Manufacturing equipment requires a significant amount of energy and resources, which can contribute to greenhouse gas emissions and other environmental impacts. When you rent equipment, you're reducing the demand for new equipment production, which in turn reduces the environmental impact associated with manufacturing.
By renting equipment instead of purchasing it, you're helping to reduce the environmental impact of land management projects. This can be especially important for businesses and organizations that prioritize sustainability and reducing their carbon footprint. So not only does renting equipment make financial sense, but it can also be a great way to support environmentally responsible practices.
According to a study by the American Rental Association, 54% of businesses rent equipment instead of buying it. The same study found that companies can save up to 50% of the cost of owning equipment by renting it instead. Renting equipment also allows businesses to avoid the depreciation costs associated with owning equipment, which can be significant.
Furthermore, a report by ResearchAndMarkets.com found that the global equipment rental market is expected to reach $136.5 billion by 2027, growing at a compound annual growth rate of 4.9% from 2020 to 2027. The report attributes this growth to the increasing demand for cost-effective and flexible solutions for construction and industrial projects.
Overall, the data supports the advantages of renting equipment over owning it, including cost savings, improved productivity and efficiency, and flexibility.
In conclusion, renting equipment is a cost-effective and flexible solution that offers various advantages over owning equipment. L&M Land Management believes that by renting their equipment, they can provide their clients with the most modern and best-maintained equipment available in the market. This translates to improved productivity and efficiency on job sites, making their services more valuable and cost-effective.
If you are in Madison, Virginia, or the surrounding counties of Orange, Greene, and Albemarle and require professional land management services, contact L&M Land Management today for an exceptional experience.