Ben_McElroy
Active member
Is anyone out their renting their HVX200? If so, what are typical rates? Where do you advertise yourself?
Renting your HVX200
- Thread starter Ben_McElroy
- Start date
Several threads about this. Yes, I for one do rent my HVX and accessories. Right now, it is pretty much word of mouth in the local community. I require proof of insurance. Also, I base my rates around going local rates. Obviously, you are going to see variation by market.
Ned Soltz
Ned Soltz
atlfilmguy
Well-known member
I find that a good rule of thumb on renting is to figure between 2-5% of retail for a day rate. I notice that most rental houses use this.
Also the day rate goes down percentage wise as the cost of the item goes up.
I have seen many people in the Atlanta area rent the HVX for $200 a day. I have also seen as high as $300. Some will charge less for a week rate, and most will also give a package deal with the owner/operator too.
Most of these packages include at least 2 P2 cards, and a tripod, and multiple batteries.
So I guess that a rate of say $250.00 for around $9000 worth of gear (hvx-200 plus 2 P2 cars plus pro tripod and 2-4 batteries) is in the range of 2.8% or so.
Now the funny thing to me is that rental houses will charge up to 5% on an item, so if you rent it for 20 or more days you should just buy it, BUT for some reason the threshold of that 5% is just low enough for people to make the decision to rent instead of buy. So by that logic you could ask for as much as $450 for a complete rig. Any more than that and the renter should just buy his or her own.
If you insure your own gear then by all means charge extra for it. If the renter has insurance then the above rates are good I think.
Also the day rate goes down percentage wise as the cost of the item goes up.
I have seen many people in the Atlanta area rent the HVX for $200 a day. I have also seen as high as $300. Some will charge less for a week rate, and most will also give a package deal with the owner/operator too.
Most of these packages include at least 2 P2 cards, and a tripod, and multiple batteries.
So I guess that a rate of say $250.00 for around $9000 worth of gear (hvx-200 plus 2 P2 cars plus pro tripod and 2-4 batteries) is in the range of 2.8% or so.
Now the funny thing to me is that rental houses will charge up to 5% on an item, so if you rent it for 20 or more days you should just buy it, BUT for some reason the threshold of that 5% is just low enough for people to make the decision to rent instead of buy. So by that logic you could ask for as much as $450 for a complete rig. Any more than that and the renter should just buy his or her own.
If you insure your own gear then by all means charge extra for it. If the renter has insurance then the above rates are good I think.
Lenilenapi
Carbonite Member
standard day rate in SF Bay area is $300 for the camera w/ tripod (less if they are shooting tape only thoiugh as then you may have to match DVX rates)
+
$25 /day - 4Gig card
$50 day - 8Gig card
an HD monitor or lights & audio are additional
+
$25 /day - 4Gig card
$50 day - 8Gig card
an HD monitor or lights & audio are additional
Birns and Sawyer's P2 card rental rate is the lowest I have found. I have probably rented from them 25 times since March waiting for the damn cineporter to come out.
8 Gig $35.00/day - 3 day week
4 Gig $15.00/day
Just surprised not many people know their rates although everything else they rent is overpriced.
8 Gig $35.00/day - 3 day week
4 Gig $15.00/day
Just surprised not many people know their rates although everything else they rent is overpriced.
Lenilenapi
Carbonite Member
I suggest sticking with standard rates, not emulating or trying to undercut the lowest ones. First because it creates a race to the gutter for all, but also on a practical level, if you need to subrent to keep a customer happy, you don't want to have to lose money on it by subrenting from someone charging more than you are.
El Gato Negro
Well-known member
This is a very important issue to address since most of use could make an actual living by renting are equipment and reinvesting on buying add ons. Most insurrance companies won't do it.
robotx21 said:
We've covered the insurance issue in several other threads. Most companies will not issue coverage on equipment for rental. Production insurance will generally cover equipment you own and you can then get a rider for equipment you rent from others. It is the responsibility of the renter to secure the insurance and I will only rent my gear upon proof of insurance.
Anybody in Dallas-Fort Worth area need to rent my gear???
Ned Soltz
Anybody in Dallas-Fort Worth area need to rent my gear???
Ned Soltz
Icarus2005
Well-known member
I rent my cameras out for only 150 a day, but only if I'm on the production team.
Some companies, on smaller ticket items, will rent gear with no insurance after receiving, up front, a non-refundable deposit.
Because rental houses aren't commercial insurance agencies or brokers (at least not one that I know of in the USA), they aren't able to underwrite or issue policies of any type. In fact, it is illegal and fraudulent for a company without a state-issued commercial insurance license to issue a rider, bond or policy to a third party which requires payment of a premium.
In the event that there is a loss, I don't think most businesses - even those renting equipment - can recoup the loss from their general aggregate business policy if the gear is in the hands of anyone who isn't an agent for same.
How do car rental companies get around this when people opt into the rental company's insurance? Dunno. Also wonder if the agents at the counter are all licensed insurance agents (commercial policies only) as they are effectively acting as an agent when they let you opt into their coverages.
Anyone?
e
Because rental houses aren't commercial insurance agencies or brokers (at least not one that I know of in the USA), they aren't able to underwrite or issue policies of any type. In fact, it is illegal and fraudulent for a company without a state-issued commercial insurance license to issue a rider, bond or policy to a third party which requires payment of a premium.
In the event that there is a loss, I don't think most businesses - even those renting equipment - can recoup the loss from their general aggregate business policy if the gear is in the hands of anyone who isn't an agent for same.
How do car rental companies get around this when people opt into the rental company's insurance? Dunno. Also wonder if the agents at the counter are all licensed insurance agents (commercial policies only) as they are effectively acting as an agent when they let you opt into their coverages.
Anyone?
e