Two fridges and an oven

A while ago, I had to explain what we do at TempOwn to my mum. She wanted to know what we were up to and the value we were adding. By way of explanation, I told the story of a friend who needed to rent a fridge for a week-long event a while ago; and that of a former colleague who regularly paid to use an oven to process catfish from the farm he managed. I explained to her that equipment rental is the order of the day for many individuals and businesses who can not afford to own theirs. I knew the story of the fridge and oven would pique her interest because, at the time, she had two big fridges and an oven she had not put to use for about two years.

The fridges and oven had taken up space in the house and were more of liabilities than assets. Immediately, she realized how much money she could have made by renting them out to anyone in need of them. The truth is, it is not just my mum. Many of us have essential items and equipment we rarely use and can rent out for regular income.

What is your fridge or oven?

Next time you take a peep into your storage room, look out for those gadgets and items you have stored up for a while and think about how you can convert them to lucrative assets. Also, look around for simple equipment like a projector that you use once in a blue moon; imagine how much cash you would make if you opted to put them up for rental. You probably thought of buying a personal camera or drone to capture those beautiful moments at your family vacation but had to reconsider when you considered the economic implications of only using them once or twice a year. What if I told you I had the perfect solution to this dilemma? One that allows you to own that drone or camera, use it at your convenience and earn money from it as well. Yes, it exists; and it is called rentals.

Escape route

Let's talk about working-class individuals, the many dedicated folks who hope to someday quit that nine to five work system that just does not fit, the smart ones who are eager to find the right investment opportunity. If you fall into this category, look no further, the world of rentals is the perfect business to invest your money in.

It is that simple

It is not that simple, you may say. I mean, think about the risks associated with renting out items and equipment. What if my equipment or Item gets damaged when rented out? What if it gets stolen? These are the frequently asked questions about rentals. Indeed, issues relating to equipment management, damage and theft are the main challenges with the rental industry. Another challenge may be the inability to build a customer base for regular rentals.

However, TempOwn is changing that narrative. Tempown is a secure and fully insured peer-to-peer rental marketplace for essential items and equipment. With TempOwn, individuals, businesses and companies can enlist their equipment for rentals to thousands of users. An individual with just a piece of equipment to rent out has equal access to tempown and its users as the brand with over a hundred different equipment.

Safe means safe

We are not oblivious to the fact that trust has always been an issue with rentals. At TempOwn, we have put in place strategies that help improve confidence in the rental space; for starters, we use a bank-level security process to verify anyone joining the platform. Easily put, before a person can list or rent items on TempOwn, he will have to complete a set of verification detailing his or her profile. Also, every piece of equipment or gadget rented through TempOwn is insured by one of the leading insurance firms in Africa. We do not just provide a haven for you to rent out your equipment; we offer a safety net in case of any eventualities.

Ride along

For us, this is a journey. Building a fully secured and insured marketplace for rentals globally is the goal. You can become a part of this journey too. From renting out a few gadgets to investing in equipment rental for media, construction, energy and agricultural sectors, wherever your interest lies. A local Nigeria parlance says; wetin you dey find for Sokoto fit dey your shokoto, meaning we often have what we need closer to us than we think; because someone close probably owns it. You can also become a rental plug for individuals and businesses around you by leveraging the tempo platform.

What's more? Whether you are buying new gadgets exclusively for rentals or renting out old equipment, you control the entire rental process. You determine who can rent your equipment, for how long and at what rates. With our dedicated dashboard, you too can run the show.

So, why trash it when you can cash out from it? Take a ride with us; let's help turn your liabilities into assets.