The rental business has gained huge popularity. The growth in the rental sector in the past few years have opened a vast opportunity for small businesses to start offering rental services. Today, people preferring to book any service or product on rent rather than purchasing it, the reason being renting is affordable.
If you are also looking to start your rental business, here are the 20 rental business ideas to start and scale-up your business in the rental niche.
The demand for car rental is very high. Travel freaks often rent cars for trips or vacation. This is mostly seen among college groups who like exploring places, doing adventures. So, providing car rental facility can be a profitable and an ideal way to kick-start your rental business.
You can also hand over your car to a travel agency and earn a decent income. Another idea would be to register your car on the on-demand taxi booking apps like Ola and Uber.
If you have multiple properties under your name, you can start a property rental business and offer some of your properties on rent and gain a decent income. You can turn your houses into PGs and welcome college students.
People usually require a travelling kit in which they keep essential travelling items like hiking bag, hiking waterproof rain jacket, trekking head torch, camera kit, etc. You can provide such items on a rental basis and fulfil the requirements of the travellers.
Just like OYO, you can provide rooms to people for a limited time. People often look to book rooms for a short period when they are outside the city for work purposes. Reach out to your nearby hotels and start a partnership with them.
Adventure freaks are always in search of camping sites, so investing in the land (great if you already have) and converting it into a campground for rent can be a good rental business idea.
For camping enthusiasts, equipment like camping tents, airbeds, backpack, hiking pole, camping cookware, etc can be provided on rent.
Fishing requires a lot of equipment. Equipment like fishing rods, fishing line, terminal tackle can always be provided on rent.
Another rental business idea would be to start a boat rental business. You could start a boat rental service on the areas that are surrounded by rivers and lakes.
Today, renting out land is one of the most popular sources of income. You can lease out the land or a part of it for various purposes like agriculture, wedding, etc.
You can start a rental business that offers furniture on rent. Mostly corporate offices look to purchase furniture on rent, hence this can be an ideal solution.
If you have a large space, such that it can be used to set up an office, providing it on rent can make you earn a handsome amount of bucks.
If there is some extra space available in your building, you can provide that space to businesses to use it as a conference room.
A corporate office requires a lot of set-ups and a set-up requires equipment like tables, chairs, printers, etc. You could rent out such office equipment.
There is always a high demand for cameras in tourist places. If you have a wide collection of cameras, you can offer them on rent and earn a decent income.
Tent house rent providers hardly sit idle for any day throughout the year. The bookings for events like wedding, birthdays, are made in advance.
So offering a tent rental service can make you earn a handsome income without even putting much effort.
Costumes on occasion like Halloween, Christmas are worn once in a year. In such cases, you can provide the costumes on rent for specific occasions.
People prefer to get cleaning equipment like steamers, carpet cleaners and scrubbers on rent as these types of equipment are only required once in a while.
Adding to our list of rental business ideas would be to offer construction equipment on rent. Since construction equipment is expensive, you could provide them on rent to the professionals and make it affordable for the businesses who do not require them too often.
Construction equipment can include scissor lift, excavator, concrete mixer, etc.
The wedding dress rental business is seen quite often nowadays. Wedding dresses are one-time wear or max you can wear it on your first anniversary. Otherwise, those expensive outfits remain in the closet forever, just as a memory.
Start a rental business that focuses on providing wedding dresses on rent. This creates a win-win situation for both the customer and the business. Customers would not have to pay the actual amount of the dress and businesses can cover more money through rent than its original price.
To support an eco-friendly environment, starting a bicycle rental business could turn out to be an amazing idea. The government in metro cities has also initiated to put bicycles at metro stations so that people avoid travelling by Car or Bike.
Not only for metro stations, but you can also start renting bicycles on areas where the crowd is heavily attracted so that more and more people make use of it.
If you are specific about Hotel/room rentals or Vehicle Rental and want to start a rental business online, you should check out our Booking and Rental system module.
The Online Booking and Rental system module helps you set up your rental business conveniently on your website. You can add your rental products without any hassle and customize your booking price as per your desire. Some of the key features of the online booking system module offered by us are-
1. Booking and Rental module lets you add multiple booking and rental services, like an appointment, hotel booking, car rental, etc. You can add your desired service and do the desired changes..
2. Option to show available date & time slots, available quantity, the up-front booking price.
3. Flexibility to set multiple price rules for different days and timing.
This module is available for PrestaShop and OpenCart platform-
For any assistance, you can reach out to us at firstname.lastname@example.org