Markets in Everything: Rent Your Stuff
RentStuff.com -- "We connect people with other people (and rental businesses) nearby to rent out their everyday stuff such as sporting goods, camping gear, musical equipment, grills, lawn mowers, tools, tech gadgets and more. RentStuff.com makes it effortless for people to connect with friends, neighbors, local people and businesses in order to find stuff they need or make money by lending out stuff they own but are not using."
HT: Managerial Econ
HT: Managerial Econ
4 Comments:
Interesting...of course Craigslist emerged years ago to allow people to sell goods/services to each other for zero marginal advertising cost...
I am surprised Craigslist never added a "for rent" section (especially after it was force to drop "rental services" from pretty girls).
I think some metal- and woodshops, equipment operators might be willing to rent out their equipment...though liabilities are probably high...
Interesting to contemplate if people would rent out their car....lost of middleman costs eliminated....
More and more the Internet strikes me as powerfully anti-inflationray, along with global trade and capital flows....the problem today is deflation, not inflation.
Too much liability renting out your car. You're liable for any accidents the driver gets in, and your insurance likely wouldn't pay because you took money from the driver ("car for hire", which standard policies won't cover).
It wouldn't work with cars, but for smaller stuff - when insurance got prohibitive for SCUBA rental places one in Mauicame up with a "sales contract" under which they sold you used equipment with an agreement to buy it back within a certain number of days for an agreed on price.
Too much liability when you rent anything. If the person is hurt you will be sued. And since you are charging for the rental your homeowners insurance is not going o cover you. Rent out your Kayak and lose your house when the the renter drowns.
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