Kyle
If you’ve got nice stuff that sits around a bit you can make money by renting. Say you have a mountain bike that you never use or perhaps a lawnmower that only gets a work out very two weeks? Well with rentstuff.com, a Nashville startup, your stuff can make money for you.
Rentstuff.com is a localized marketplace set up to help local people rent stuff to each other. Everything from dome tents to Dyson vacuum cleaners can be found for rent on rentstuff.com at a decent rate. The site even offers a quick calculator to show you an idea of what your stuff should rent for by the day.
The company protects your stuff by allowing you to charge a security deposit that puts the deposit amount on an authorization hold on the renters credit card. Provided everything goes well, the user gets their stuff back and the renter gets their deposit back. Rentstuff also has a community feedback system for renters and users. This way the renter knows that the person renting the property is trusted and vice versa.
We got a chance to interview the CEO of Rent Stuff, Chris Jaeger.
Who are the founders for rentstuff.com and what is your/are their backgrounds before starting rentstuff.com?
I founded RentStuff.com back in January 2010 along with my twin brother Robert Jaege (COO) and Adam Albright (CTO). Prior to starting the company, Robert and I were both working in Finance in New York City, and Adam was completing the first year of his MBA at Vanderbilt University in Nashville, TN. Robert and I connected with Adam through mutual friends.
How did you come up with the idea because it’s brilliant?
Robert and I came up with the initial concept back in 2008. We were both frustrated after spending countless hours trying to track down kayaks and bikes to rent for weekend trips from small rental shops all over New York City. At the time, we were both living in a high rise building and knew there was a good chance that someone in our building or at least in our neighborhood had what we needed. However, there was no organized system to easily connect people who had stuff with people who wanted access to that stuff on a temporary basis. Our company solves the need to connect renters and lenders in a better way.
More after the break
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