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[Scott Olewiler]

I have a guy who wants to rent an x32 for an entire month. My normal daily, weekend, week price is $125, $163 and $375.

Is asking $1000 too much for a monthly rental? What do you guys think is a fair price? 

I'll probably buy a brand new one and either keep it or sell it used afterwards if this rental goes thru.


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[Taylor Hall]

Last I looked most monthly rentals were a bit more than your weekly price. I think the highest I saw was $600 and the lowest was $350. This was also a year or so ago, so ymmv.

[Dan Mortensen]

I have a guy who wants to rent an x32 for an entire month. My normal daily, weekend, week price is $125, $163 and $375.

Is asking $1000 too much for a monthly rental? What do you guys think is a fair price? 

I'll probably buy a brand new one and either keep it or sell it used afterwards if this rental goes thru.


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With all due respect, this is the kind of post that could get this forum in trouble with an active Federal Trade Commission regarding price-fixing.

Note that I left several areas of wiggle room in that caveat, but it is still worth keeping in mind IMO.

In normal times this sort of discussion is verboten. These forums should be for sharing technical and how-to-run-a-business knowledge and how-to-perform-a-service-with-integrity, not agreeing on prices.

[Riley Casey]

Does this in fact constitute agreeing on prices?  Just curious as to what the red line is for such a decision from the FTC rather than questioning your judgement.  Would it matter that the posters are in different markets?  Would it matter that the responding post simply related his observations of rental prices rather than prices he charged?

With all due respect, this is the kind of post that could get this forum in trouble with an active Federal Trade Commission regarding price-fixing.

Note that I left several areas of wiggle room in that caveat, but it is still worth keeping in mind IMO.

In normal times this sort of discussion is verboten. These forums should be for sharing technical and how-to-run-a-business knowledge and how-to-perform-a-service-with-integrity, not agreeing on prices.

[scottstephens]

Scott,

Not out of line at all in my area. The 2 local places here in southeast Ohio charge between $900-$1200 for a month. Prices are what the people will pay in your area. If they want something, they have to pay rent for it or buy their own. It is what it is.  I Think the upper price here in my area comes with a case and the lower price charges you "extra" for the case,  but you can't rent it without the case or you have a custom case for that board of your own.

Scott

[Dan Mortensen]

Does this in fact constitute agreeing on prices?

Hi Riley,

IANAL, but I think it would be hard to interpret the following questions

Is asking $1000 too much for a monthly rental? What do you guys think is a fair price? 

as anything other than an attempt to use this forum as a sounding board to determine a price that would be "fair" to charge for a specific item rental for a specific period of time. How could that be anything else?

As far as what nuance could be used to avoid an obvious problem, I am not going to attempt to offer any suggestions other than to say that if you have to ask the question you're probably over the line.

As I have mentioned on these forums before, my wife is in the Music Teachers' Association (Local, State, and National), and they were all hit by an FTC order that they must abide by to avoid heavy penalties. Not only does the order cover pricing collusion (setting of similar rates as a result of discussion), it prohibits agreements about not filching someone else's student and a variety of much more mundane activities that any reasonable person (IMHO) would go "What??!!!??" about. We should avoid being in that position, and it is possible to avoid it, but not if questions like this come up unchallenged and get answered directly.

I suggest deleting this thread.

[Mark Dawson]

Dan,  stop being a mongol. 

The OP was simply asking for guidelines for converting daily/weekly prices into monthly.  He was enquiring re industry standards and techniques.   If he’s too expensive his market will dictate.   


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[Tim McCulloch]

Dan,  stop being a mongol. 

The OP was simply asking for guidelines for converting daily/weekly prices into monthly.  He was enquiring re industry standards and techniques.   If he’s too expensive his market will dictate.   


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If you've never been involved in a federal investigation of any kind, you will not understand Dan's hyper-vigilance.

[frank kayser]

If you've never been involved in a federal investigation of any kind, you will not understand Dan's hyper-vigilance.

For those, like me, that are too naive to even be aware of things like FTC restrictions, a post like Dan's is an eye opener.  While the question may seem innocent enough, apparently there is a fuzzy line somewhere that one does not want to approach too closely.


Of course, one could get similar info by having a spouse call a competitor.  That would be different than open discussion.


If these discussions are as serious as suggested, it may be useful to include restrictions of pricing discussions along with the restrictions on religion and politics.


frank

[David Allred]

Does this in fact constitute agreeing on prices?  Just curious as to what the red line is for such a decision from the FTC rather than questioning your judgement.  Would it matter that the posters are in different markets?  Would it matter that the responding post simply related his observations of rental prices rather than prices he charged?

What about the auto mechanic's labor book?   They "agree" to bill the hours listed for a job.
I know some will bill less, but still seems a little collusive.

[ProSoundWeb Community]