Renting Out to Pay for your 'Toys'

This is an idea for an entrepreneur who wants to buy fun 'toys' and let someone else pay for them by renting out.

If you've ever wanted a toy but couldn't justify paying lots of money for it, then consider renting out the toy to pay for it. By renting out your 4 wheeler, dirt bike, trials bike, flatbed, hydraulic dump trailer, camper, etc. you can pay it off in possibly a year without any money out of your pocket.

The concept of renting something out is simple. All you have to do is put ads in the paper, put ads online (such as ksl or craigslist), and put ads on local bulletin boards. People will see the ads, and call you if they're interested. Once you have a lot of ads posted, renting your 'toy' out will be a piece of cake. After a while, you'll be getting calls every day.

Once you have paid off your 'toy', you should consider renting out another one. You can make a full profit on the first one you bought, and be paying off the second one in half the time. You could repeat this process until you have a great renting out business going in no time. For example, let's say you were renting out a 4 wheeler. The purchase price would depend on the make/model, and the area you live in. If you were renting out this 4 wheeler four times a month for $75 a day with a minimum of 2 days, you would be bringing in $7200 a year. After paying off the 4 wheeler, that's an extra $600 a month by renting out your toy!

Let's look at another example. By renting out a flatbed trailer, you could be making a lot of money. The flatbed trailer would have to be capable of hauling competition vehicles such as rock crawlers, race cars, etc. The purchase for flatbed trailers also depend on the area, but by renting it out you'll make the investment back in no time. If you were to buy a used flatbed trailer, the profits you would make would be phenomenal. Just make sure you buy one in good condition, because you don't want it to break before you've paid for it. If you were renting out the 4 wheeler 4 times a month for 2 days at $65, you would make $6250 in a year.

One last example, let's say you were renting out a camper. You would want to buy a new camper, because the newer it is the more people will want to rent it. Just like before, you would rent out the camper 4 times a month for 2 days each time. At $150 a day, you would be bringing in $14,400 a year just for renting out the camper a few times a month.

As you can see renting out your toy can be not only a good way to get something you want, but also be a great way to start a business. You may want to check out insurance rates before you invest into this idea.