10 Great LA Party Rental Public Speakers

Posted by Lucilla on July 16th, 2021

10 Tips for Making a Good Los Angeles Party Rental Even Better

How To Determine Rental Rates For Party Rental Companies

As the event and celebration season gets underway, we believed now would be a good time to share not just our insights however primarily those of a celebration rental veteran who has fought the very same fights and waged the same wars as many of you. In order to better understand how to determine rental rates for your celebration stock, Will took a seat to talk the talk and discovered how to much better walk the walk.

This is an incredibly useful video for anybody who has invested in some new inventory for the upcoming season and can't quite figure out where to put your pricing, however it's particularly helpful for those brand name new to the rental service and in need of guidance when it pertains to getting the best ROI.

Tom strolls us through rates everything from plastic and resin folding chairs to wood folding tables and even the wood crates that keep your glass wares.

If at anytime you want to avoid around or in requirement of a fast read, we offered jump links for you right here:

Plasting Folding Chairs

Resin Folding Chairs

Wood Folding Chairs

Folding Tables

Stacking Chairs

Tableware

Glasses & Chinaware

Tablecloths and Linens

Catering Equipment

Patio Heaters

Dance Floors

Staging

Camping tents

Plastic Folding Chairs - 4:07

You all know 'em, you all enjoy 'em. Some refer to them as "Samsonite" chairs( we call them our TitanPRO Plastic Collapsible Chair), they are the backbone of our industry and provide a great opportunity to receive some return on investment.

Tom recommends a 10:1 ratio principle on these chairs, meaning you must price to rent at 10% of your purchase cost. I required this described to me like I'm a 5 years of age so here's an example: a chair ought to rent for .20.

A great location to start if you're wanting to burglarize the celebration rental market is with our Folding Chair Bundles

Resin Folding Chairs - 4:53

What's the rental rate on resin collapsible chairs? 10:1, similar to your plastic chairs. Resin folding chairs are initially going https://partyrentalsinlosangeles.tumblr.com/post/656752668498427904/party-rentals-in-los-angeles-5-tips-and-tricks-to to cost you more in advance however it will not be long before you're enjoying the fruits of your labor and discovering it tough to even keep these chairs in home for a weekend.

Like plastic collapsible chairs, the resin product allows for little to no maintenance and the fundamental polypropylene with UV protectants that are consisted of in the molding process creates one of the most resilient seating choices in the event industry.

Buy padded folding chairs now and use them over and over once again at your next wedding, graduation, show, or any outside occasion for the next 10-15 years.

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Wood Folding Chairs - 5:03

To the untrained eye, wood collapsible chairs and resin folding appearance almost similar however like Hallie Parker and Annie James in the Moms and dad Trap( shouts to lohan - you're doing excellent, darling) they are anything but interchangeable.

The advised price point is 15% -20% of your purchase rate per chair. Why the increase from resin folding chairs if they look so similar? While the wood folding chair has a more timeless and warm feel, it has a cost which expense is maintenance.

Now, you will not remain in the shop after every occasion applying paint due to scratches and dents but gradually, that sort of labor will be required.

Where you may get 10-15 years out of your resin collapsible chairs prior to replacing or refinishing, you'll probably only get a 5 year life span out of your wood collapsible chairs, therefore the justified cost boost.

Folding Tables - 6:21

There's no certainly no lack of folding table brand names and sizes out there for you to select from. Personally, we think our Titan Series ™ and TitanPRO ™ folding tables are the best bang your dollar but I digress.

Due to the variation in prices for an 8' x 30" wood folding table for example, an 8-15% cost point is advised.

Here's a pro tip from Tom: He states if he has to select from a more affordable or more costly table that'll undoubtedly last longer, he'll buy the more affordable table but cost it as if it's the greater end table even if he'll change it regularly to keep it looking fresh for his customers.

Stacking Chairs - 7:47

Much like those JNCO jeans and Airwalk tennis shoes you believed would last forever, fads are just as fleeting when it comes to buying specific stacking chairs like gold chiavari chairs or cross back chairs.

Normally there's a greater return on investment however they also take up a lot more storage space when compared to your plastic folding chairs that nest together.

To even more describe how this could affect your day to day operations, a 24' box truck can deal with about 2000 plastic folding chairs while it can just hold about 500 chiavari chairs. It's important to account for all the labor costs and time included with stacking chairs from storage and transport to setting up an event and breaking down.

In other words, The best guidance is to consider how fashionable the chair is, just how much space it will take up and price appropriately.

Flatware - 9:20

What may be the smallest items in your stock, probably require the most care. With tableware comes counting, washing, bagging and shining before the next event.

With keeping that prep procedure in mind and quantity of required care, you ought to lease flatware at 30-40% of your purchase price

In theory, it seems you're spending for your preliminary purchase at a higher rate in 3 or 4 events but there's a lot more behind the scenes spending in labor, cleansing and keeping every piece of flatware.

Glasses & Chinaware - 11:02

Very same principle as Tableware when it pertains to representing care and behind the scenes manual work in managing your glass wares and Chinaware.

With glassware, you need to represent damage by consumers and dog crates that in fact store the glasses. In most cases, the cages are really more pricey than the glasses it's safeguarding.

Here's a prime example: 25 glasses at a glass = in a wood dog crate that initially cost you . So while you've covered the cost of the crate, you still have not made money on the preliminary glassware financial investment, therefore the need for a higher rental cost for a quicker return.

Take a look at Part 2 of our video with Tom to learn to the best method to price your linens, camping tents, staging, dance floorings and more!

Tablecloths and Linens - 1:00

A tad bit trickier than throwing down a bed sheet on a picnic table and passing around a box of rose before a Dispatch show in 2003 at SPAC.

With leasing table linens and linens comes unexpected costs to the client like discolorations and tears that require to be accounted for in your cost. On top of that, there's manual work by your team involved like a laundry load that can take up to 5 hours to clean.

Much like stacking chairs, particular tablecloths are susceptible to trends. The gold polyester round table linen with sequins you rented for cousin Ida's fantastic retirement party might not see the light of day for a couple years and even worse, never ever again( her sibling Jeanie complains about her angina breaking down however she has 5 more years playing secretary for her brother Danny's tree company prior to retiring).

Enough about the Quinn's of central NY( similar to the thenn's of hardhome). How do you cost linens? It's best to begin at 100-150% of your initial investment for the specific reasons above. It's hard to forecast the use rate of each tablecloth you buy so the best practice is to try to get your preliminary return back quicker rather than later on.

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Catering Equipment - 2:39

We can get the simple products out of the method initially. When it pertains to chafing dishes, utilize a 1:1 ratio. Buy it, lease it, clean it, forget it.

What makes this such a difficult subject is the bigger items that fall under the catering equipment umbrella. Convection ovens, warming cabinets, maybe even a popcorn cart - things that can't be easily provided in a pickup. A liftgate is most likely required along with 2 of your workers which's time that needs to be represented.

The guidelines for rates catering devices is truly on an as required basis. If you see yourself using a convection oven more than as soon as then buy a quality product rather than a discount rate, used oven that you may need to change in 3-5 years.

Patio area Heaters - 5:45

The principal we used to folding tables can primarily be reproduced for patio area heating units. The worst kept secret about patio area heating units if they're definitely going to require upkeep. The more pricey heaters might need a little love in 3-5 years while the less costly designs need the very same attention every 2-3 years. The bottom line is that upkeep is inevitable, it's simply how soon do you wish to handle it.

Tom suggests buying the cheaper heater, despite the fact that you may need to change parts earlier. Why? While a 5 year cushion may be great, the appearance of a brand-new patio area heating unit to potential clients looks even better.

Regardless of which patio area heating system you choose, you'll wish to price them to lease the same. A 50% ROI is recommended throughout the board. Keep