How much should I rent my 3 HVX's

[Philip_38]

I am starting a camara renting business in the Tampa, FL, area. How much would it be fair to rent my HVX's for?

 

[David Jimerson]

Have you checked to see what they rent for in your area?

 

[Erik Olson]

Between $450 - $550 a day with 3 cards and P2Store or FS100 is common right now in the NC. Doesn't include ancillary bits like tripod, extra monitors.

You can always use the 20:1 rental-to-capex rule if a market survey isn't yielding enough data for you.

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[Philip_38]

and what is "20:1 rental-to-capex " rule? Sorry for newbussiness

 

[khmuse]

Rental rate would be 1/20th of the capital expenditure (cost to acquire).

Using this, if an item cost $1 then the rental would be $.05

To me this is a bit of a high ratio, but if the item is in demand and the local market will bear it, go for it.