What is the most rented construction equipment?

Most Frequently Rented Construction Equipment “Scissor lifts [are] generally the most rented item anywhere – but in terms of revenue, large booms and cranes make up the majority of our business.

How are construction equipment rental rates calculated?

To calculate a rental, you would multiply the total cost of a piece of equipment x 5% / month x 13 x 80% to arrive at the estimated annual rental dollars a rental company wants to achieve. By doing this, they would generate a 35% to 40% gross profit, which includes maintenance, insurance and the limited fuel they fund.

What type of expense is equipment rental?

Equipment rental expense is an account in which is stored the year-to-date expense associated with renting various types of equipment. The total for this account may appear as a separate line item in the income statement, or it may be aggregated with other accounts into a line item with a different designation.

Who owns Sunstate Equipment?

Sumitomo Corp.
Benno Jurgemeyer is CEO of Phoenix-based Sunstate Equipment, which is now 80-percent owned by Japanese corporation Sumitomo Corp. Sumitomo Corp. has increased its ownership stake in Sunstate Equipment, making the Japanese corporation the majority owner of the Phoenix-based equipment rental company, effective Dec.

What tools are rented the most?

You can rent any kind of tool you can think of—whatever the job requires. Some of the most popular are power tools such as hammer drills, circular saws, and air compressors, along with various outdoor tools.

Is rental equipment a good investment?

So whether you’re unsure of the rate of future growth, are in need a piece of equipment for only short term use or simply want to become familiar with a piece of equipment before you invest in a purchase, rental equipment may be the best solution for you.

What is a labor surcharge?

The labor surcharge compensates the contractor for statutory payroll items stipulated by various governmental agencies. The six items included are worker’s compensation, social security, Medicare, Federal unemployment insurance, State unemployment insurance, and State training taxes.

Is rental equipment a tax write off?

The IRS allows business owners to claim a deduction for any expense that is ordinary and necessary to operate their business. Therefore, if your business requires the rental of equipment, you can claim a deduction for the entire cost.

Can I write off equipment rental?

You can deduct any reasonable expenses you incur to earn rental income. The two basic types of expenses are current expenses and capital expenses. Some expenses you incur are not deductible. For more information, go to Rental expenses you cannot deduct.

What is Sunstate Equipment worth?

Sunstate Equipment Fast Facts Sunstate Equipment’s annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. It is classified as operating in the Construction, Mining & Forestry Machinery & Equipment Rental & Leasing industry.

Where can I rent construction equipment in Phoenix?

Come see us at our Phoenix location on Washington Street, just off the 202, or let us bring top quality construction rental equipment to you from anywhere in the Phoenix Metro Area by using our convenient, one-call reservations at 602-275-0601. Your AZ rental experts from the start.

Where can I rent an aerial lift in Colorado?

Tri State Equipment Rental, Lake Havasu, Parker, Yuma, Kingman, Bullhead City, construction and heavy equipment rentals Tri-State Equipment Rentals construction rental equipment. aerial lifts such as Boom Lifts and Scissorlifts, earth moving equipment including Loaders, Backhoes, Skiploaders, Skidsteer’s/Bobcats and Excavators.

Where are tri state equipment rentals in Lake Havasu?

What kind of equipment does tri state rentals have?

Tri-State Equipment Rentals offers a wide variety of construction rental equipment. Our fleet includes aerial lifts such as Boom Lifts and Scissor lifts, earth moving equipment including Loaders, Backhoes, Skip loaders, Skidsteer’s/Bobcats and Excavators.