iRent2u, LLC, the online rental marketplace, today launches www.iRent2u.com where you can rent anything from anyone. iRent2u is where everyone can get more from what they already have. Users can either lend their assets to make money, or borrow from others to save money. The company provides 24/7 online access to goods, clear inventory lists, easy comparison shopping and a built in reservations system. iRent2u facilitates the entire process by building a community of people who enjoy helping each other.
According to First Research, the current rental marketplace in the U.S. is in excess of $85 billion and is trending towards consolidation with about 65,000 small companies, each with one to three small stores. Rentals are the most efficient way to fill temporary needs, yet until iRent2u renters faced many obstacles. Items have been hard to find, over priced and inconveniently located. A highly fragmented industry, many rentals are handled by small stores. Often these small rental companies don't have the expertise or desire to manage a website. In fact most stores do not list the items they lend, show their availability, or accept reservations online. Up until now, the industry has been lagging and inefficient.
iRent2u was founded by three entrepreneurs as they studied for their MBA's: Roy Bacharach, Tim McCormack and Nils von Bothmer, who then went on to win the 2007 Pepperdine Business Plan Competition. Von Bothmer conceived the idea when he moved to Los Angeles, California and needed a drill to assemble his new furniture. Not wanting to purchase one for single use when there had to be ten within a one mile radius, he knew there had to be a better way.
The company bridges problems like this with a simple, innovative solution, the website www.iRent2u.com, where everyone can get more from what they already have. With 24/7 online access to goods, clear inventory lists, easy comparison shopping, and a built in reservations system. iRent2u makes renting accessible. People can choose to spend less money and buy fewer products, thus reducing environmental waste. iRent2u is eco-friendly, helps prevent over consumption and facilitates the entire process by building a community of people who enjoy helping each other.
"Ours is a simple solution that resolves serious problems. iRent2u is where everyone can get more from what they already have," said von Bothmer, the company's chief operations officer. "Users can either lend their assets to make money or borrow from others to save money. We make renting accessible. People can choose to spend less money and buy fewer products, thus reducing environmental waste and making the world more efficient."
Product Benefits, Features and Pricing
iRent2u provides easy 24/7 access for customers to go to the site, browse or search for what they want and view user's rental listings. Users can stay in control of the entire process -- publish prices, or keep them secret; allow discounts for frequent customers or charge everyone the same rate; deliver to them, or have them pick it up.
Users can make reservations, read and approve rental contracts, leave their deposits, and even refer friends from within iRent2u. With a rapidly growing customer list of lenders, iRent2u is a no risk, online listing of rental items including the following features:
- Inventory management and scheduling - provides an easy system to control assets online which is accessible virtually anywhere.
- Customer comments and ratings - offers advice from other customers.
- Reservations - provide an easy way to reserve an item for a future date.
- Online contract system - allows users to reduce work and save time by managing contracts online.
- Built in directions and mapping - helps people find each other quickly and easily.
- Free to try, and no upfront listing fees - users are free to create an account and list items for rent. Once a customer completes a transaction, iRent2u keeps a small percentage of each customer's transaction fee.
The iRent2u service is absolutely free to create an account and list items for rent. Once a customer completes a transaction, iRent2u keeps only 10 percent (10%) of each customer's transaction fee plus a $1.00 service fee. Lenders can even reduce their transaction fees to five percent (5%) by referring their friends to the site. Transaction fees drop one percentage point (up to five) for every referral that creates an iRent2u account.
Benefit to Rental Companies
As an online aggregator for rentals, iRent2u provides rental outlets with a way to succeed in a fast changing market, giving small businesses the same tools as larger companies. By gaining more exposure on iRent2u, these companies can increase both rentals and revenues with no additional risk. Rental companies simply pay a small transaction fee once a sale is complete.
iRent2u envisions existing rental companies as resellers, partners or advertisers. Early inventory for the company has been provided by a broad range of companies including BookRenter (textbook rentals for students), Ridester (ride sharing), Amadeus (20+ major car rental companies), and Stratos Jets (private jet charter service).
About iRent2u LLC (www.iRent2u.com)
The online rental marketplace where you can rent anything from anyone. iRent2u offers 24/7 online access to goods, clear inventory lists, easy comparison shopping and a built in reservation system, making renting accessible. People can choose to spend less money and buy fewer products, thus reducing environmental waste and making the world more efficient. iRent2u facilitates the entire process by building a community of people who enjoy helping each other.