Members Coaster Posted June 24, 2017 Members Share Posted June 24, 2017 a friend at work i have been friends with for 20+ years has sent his M32 in for various reasons. he has had a few gigs pop up and needed a mixer so i rented him my Qu-16, apple extreme router and ipad with charger and cable. these gigs are net $4k each. after a few gigs he asked me what i wanted for a rental fee, and i thought i was giving him a HECK OF A DEAL by saying $60 per night. for anyone else i either wouldnt rent out or it would be $150/night. he kinda balked but accepted. i think i was really low on my price. what is a typical fee for those items, racked and ready to go? Link to comment Share on other sites More sharing options...
Members wesg Posted June 25, 2017 Members Share Posted June 25, 2017 Somebody like Andy or Bill would be able to give you a better response - but I would use a formula like this Y = total replacement cost for vintage gear, or total purchase cost for new gearX = Y * 0.03 Nightly fee: XWeekly fee: 2XMonthly fee: 3X Note that this is much higher than Long & McQuade (Canada's big chain) charges. But they get both ends of the deal on this stuff (the same holding company owns Yorkville, which is mostly what they rent). Long & McQuade appears to use X = Y 0.013 or thereabouts, assuming they are pricing based on retail purchase price. Wes Link to comment Share on other sites More sharing options...
Members Coaster Posted June 25, 2017 Author Members Share Posted June 25, 2017 that formula would be $75 Link to comment Share on other sites More sharing options...
Members Audiopile Posted June 25, 2017 Members Share Posted June 25, 2017 Note that this is much higher than Long & McQuade (Canada's big chain) charges. I'll offer a hunch that an attractively priced rental program by a retailer could be a marketing strategy by getting the product in the hands of a potential buyer... rather like test driving a car at a dealership. A "break-even" or even subsidized rental price that produces sales may be pretty cheap and/or cost effective advertising. A couple years ago I purchased a new to me, used riding lawn mower... and it is "pretty nice"... comfortable, easy to operate, does a real nice job, etc... My neighbor wander over to admire my new to me mower while I was mowing a mutual patch of lawn that we trade-off on mowing. I invited him take my mower for a spin... he refused, absolutely. Said if he tried it out, he'd likely "have to have one"... didn't want to be tempted. Link to comment Share on other sites More sharing options...
Members BillESC Posted June 26, 2017 Members Share Posted June 26, 2017 The rental industry charges a 10% of replacement cost per rental. $ 150 mic should rent for $ 15 per day. For longer term rentals, 3 days = a week. The mic would be $ 45 a week. Link to comment Share on other sites More sharing options...
Members Coaster Posted June 26, 2017 Author Members Share Posted June 26, 2017 thats what i thought, but $250 seems high. i know guys that cant get work with an entire rig, truck, trailer +themselves for that price per night. Link to comment Share on other sites More sharing options...
Members BillESC Posted June 26, 2017 Members Share Posted June 26, 2017 I work a 4 star resort that hosts corporate events. I get $ 75 a day for a wireless mic and $ 125 an hour to set it up, operate it and strike it. Link to comment Share on other sites More sharing options...
Members Luckenbacher Posted June 26, 2017 Members Share Posted June 26, 2017 thats what i thought, but $250 seems high. i know guys that cant get work with an entire rig, truck, trailer +themselves for that price per night. It really varies... that 10% thing is what I have seen when people are dealing with A/V providers at hotels and for professional events, renting to the public and less price sensitive clients. The 3% with a big break for multiple days is a lot closer to what I've seen for cross rentals between my friends for live sound or low-rent video production. FWIW, if it really is a buddy, usually they either _want_ to pay me what it's worth or I do it for free cause they've helped me out. $60 for that rig seems really inexpensive (normal, though) buddy rate, especially on a $4k gig. Link to comment Share on other sites More sharing options...
Members agedhorse Posted June 27, 2017 Members Share Posted June 27, 2017 I agree pretty much with Bill's opinion, maybe 7 or 8% rather than 10% depending on the piece of gear (mics take quite a beating in the rental market). My guess is that $75/day would be a pretty darn reasonable rate (maybe too reasonable), and 3x the day rate for a week is pretty typical. Link to comment Share on other sites More sharing options...
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