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Benefits and Trends
A – Allows flexibility in cost budgeting. Not necessary to invest great amount of capital in furnishing for temporary usage. Furthermore, furniture can be added or subtracted easily and inexpensively.
B – Complete packages of furnishings including electronics, linens and kitchenware can be arranged, delivered and installed within 48 hours.
Trained professional rental consultants can ensure this is done by either visiting Executive Furniture Rentals’ 30,000 square feet facility, calling by phone or writing by e-mail. Simple as that!
C – Home Staging, the process whereby homes are temporally de-cluttered, re-organized and given an interior “face-lift” for the purposes of re-sale, can take advantage of an array of design choices, delivered and installed immediately for a fraction of the cost of purchasing. Without doubt, furniture rental as a marketing tool can increase the equity of any home SOLD.
D – Short-term leases comprised of less than 90 days are ideal for transferees who arrive at their new destination prior to receipt of their household goods shipment. The use of basic furniture rental and accessories package for their already existing rental housing would allow the transferee to move right into their permanent home requiring no transition stage and provide immediate family and children acclimation in the area and schools.
Moving directly into a non-furnished residence with furniture rental for a 45 day period opposed to staying in temporary housing for the same period of time can save a company approximately 35%.
E – Furniture rental saves money when compared with household goods being shipped to or from overseas. In a recent study, the costs of shipping a 3-4 bedroom of furnishing to or from Europe (approximately 12,000 lbs) door to door, inclusive of partial air shipment for personal effects was 50% higher than renting furniture for the same sized home over a period of 24 months.
F – Renting a non-furnished corporate apartment in a downtown Canadian or American city and adding furniture, accessories and utilities can create a savings for a company up to 30% over a period of 12 months.
G – Renting furniture as a service is a valuable property management tool. When a transferee goes on a foreign assignment and takes their furniture or stores their personal effects, the expatriate’s house is now vacant and the property management team takes over. Renting furniture allows the home to be occupied immediately and retain maximum revenue. Furniture rental also saves the in-coming transferee the cost of a household goods being shipped.
45 day furniture rental vs. 45 day temporary housing solution = up to 35% savings.
12 month furniture rental vs. 12 month temporary housing stay = up to 30% savings.
24 months furniture rental vs. goods being shipped and returned = up to 50% savings.
H – All furniture rented has a non-obligatory option to purchase. It can be exercise at any time and is ideal for easing cash flow concerns.
1 – Renting Conserves Capital
Buying furniture ties up capital or credit.
Renting frees those assets for more productive uses. Renting requires no down payment. Furthermore, rental payments are classified as an operating expense rather than a capital investment. This allows furniture costs to be 100% deductible and can be expensed monthly rather than capitalized over the life of the furniture which also eliminates depreciation calculations.
2 – Renting Offers Flexibility
Growth also requires flexibility and renting office furniture is an ideal way to make sure that furnishings match current needs; i.e. are paneled workstations being outdated and made obsolete by more modern and technical desking systems?
When the rental contract expires, furniture is simply returned without the cost and hassle of storing or liquidating older furniture. If desired rental payments can be applied directly to purchase.
3 – Grade “A” workstations such as Steelcase can be rented short term for a fraction of the cost to purchase, as well as seating, filing and other required casegoods.
4 – Rental eliminates any downtime created while a company waits for their new furniture to arrive.
Furniture rental can always keep up with growth and eliminate consequences of long lead times by manufacturers.
5 – Furniture rental is an ideal solution to create temporary swing spaces while companies are undergoing renovations.
6 – Furniture rental is the perfect solutions to any corporate show or special event. Need 150 high back leather chairs for one day?
No problem!
Over the last 3 years, many new trends in furniture rental have occurred in the market place that Executive Furniture Rentals to adapt and subsequently, improve their operations. This has created a direct benefit to the client or end-user.
The following are some trends worth noting:
I – higher quality of furnishings are being offered
II – shorter term contracts are being requested
III – Executive Furniture Rentals now provides supplementary services i.e. bedding, kitchenware, appliances rentals
IV – the demand for furniture rental to have a national presence, therefore, Executive Furniture Rentals now has a limited capability in Vancouver, Calgary, Edmonton, Ottawa, Montreal, Fredericton and Halifax
V – the demand for furniture rental to have a global presence, therefore Executive Furniture Rental is now able to arrange furniture rental in over 50 countries worldwide due to their status as the Canadian service provider for Cort Furniture Rental, a Berkshire Hathaway company in the USA
VI – to be very customer service oriented with the ability to deliver within 48 hours
VII – sales staff and delivery crew have to continue to show exemplary professionalism. Clients demand this from service provider
VIII – there has been an emergence in Canada of publically trade“ rent-to-own” franchises whose purpose is to sell furniture over time with built-in interest rates. Executive Furniture Rentals remains a “rent-to-rent” company whose raison d’etre is servicing clients with temporary needs
IX – Executive Furniture Rental has developed closer relationship with Relocation and Destination Service Providers
X – over the years, companies have used corporate housing providers or furnished suites as a one-stop solution for temporary transferees. Executive Furniture Rentals, in response, offers a complete menu of services which allows companies to convert non-furnished units to completely furnished, including cable, phone and high-speed internet. Such packages have enabled companies to save up to 35% over a 12 month period.
XI – there has been more of a demand for the capability of renting paneled workstations for a short term. Executive Furniture Rentals now rents Steelcase product for one month or more.
XII – there has been a need for companies to rent product in greater numbers for corporate shows or special events. Executive Furniture Rentals offer rents, for example chairs, seminar tables, lounge seating in greater numbers, often for just one or two days.
XIII – there has been a demand of companies and the general public to buy used or pre-rented furniture. Executive Furniture Rentals has created a clearance division named “ Aaron’s Executive Garage Sale “ with prices a fraction of its original value. Often they clear-out their inventory by conducting one-day sales.
Fast Furniture for Fast Times ®
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