Small trailer hire from home

Homeowners doing moves, renovations or yard clean-ups, plus small landscapers, contractors and hobbyists such as campers and ATV owners.

A daily, weekend or weekly rental rate per trailer, plus optional extras such as ramps, tie-downs, a refundable damage deposit and late fees.

• Basic trailer and hitch knowledge
• Simple bookkeeping
• Clear customer communication
• Basic maintenance and safety checks

• Commercial insurance that covers rented-out trailers and liability, as personal auto or home policies may not. Check with a broker
• Provincial trailer registration, licence plates and safety inspection rules, which vary by province
• Check that renters' vehicles are rated to tow the trailer and that they hold the right licence class
• Municipal bylaws on parking trailers at home or on the street
• Wear, damage, theft and tyre or brake upkeep, so inspect after every rental
• Winter slows demand in many areas, so plan for seasonal income

Startup costs are typically estimated at around $3,000 to $12,000, depending on how many trailers you buy and what types they are. The idea assumes a small fleet of 2 to 5 trailers stored at your property.

Monthly revenue is typically estimated at around $400 to $2,500, depending on your fleet, pricing and local demand. Estimates suggest as little as about 4 hours a week at minimum, and winter can slow demand in many areas.

Check commercial insurance for rented-out trailers and liability, as personal auto or home policies may not cover it. Also check provincial registration, plate and safety inspection rules, renters' towing ratings and licence class, and municipal bylaws on parking trailers at home.