What Are the Benefits of Joining a Rental Association?

Rental associations bring together professionals in the rental industry, providing them with a platform to network, learn, and collaborate.

So, why should you be interested in joining a rental association? For one, rental associations can offer a range of benefits that can help you succeed in your business.

By becoming a member, you can access valuable resources, including training programs, informational materials, and other tools that can help you improve your skills and knowledge in the field.

Additionally, rental associations can provide you with networking opportunities you may not have otherwise.

By attending association events or participating in online forums, you can connect with other professionals in the industry, share ideas, and learn from others’ experiences.

It can be especially beneficial if you’re a small business owner or operator needing more resources to engage in these discussions independently.

Networking Opportunities

One of the primary benefits of joining a rental association is the networking opportunities it provides. As a member, you can connect with other professionals in the industry, share ideas, and learn from others’ experiences. Rental associations offer a range of networking opportunities, including events, programs, and online forums.

• Events

Rental associations often hold conferences, trade shows, and other events that allow members to meet other professionals in the field. These events can be a great way to learn about new trends and developments in the industry and build relationships with potential customers or partners.

For example, the American Rental Association (ARA) holds an annual convention and trade show that brings together rental business owners, operators, and suppliers across the country. The convention features educational sessions, networking events, and a trade show floor where attendees can learn about the latest equipment and products in the industry.

• Programs

Some rental associations offer programs that facilitate networking and collaboration among members. For example, some rental associations offer a mentorship program that pairs experienced rental business owners with those just starting in the industry. These programs can be a great way to learn from others who have been in the business for years and get advice on growing your business.

• Online forums

Many rental associations have online forums or discussion groups where members can connect virtually. These forums can be a great way to ask questions, share ideas, and learn from others’ experiences.

For example, the National Portable Storage Association (NPSA) has an online forum where members can discuss topics related to the portable storage industry, such as best practices for delivering and installing containers.

By joining a rental association and taking advantage of these networking opportunities, you can build relationships with other professionals in the industry, learn from others’ experiences, and grow your business.

Access to Resources

In addition to networking opportunities, rental associations offer members access to industry-specific resources to help them improve their skills and knowledge in the field. These resources can include training programs, informational materials, and other tools designed to help dental professionals stay up-to-date on the latest trends and developments in the industry.

• Training Programs

Many rental associations offer training programs to help members improve their skills and knowledge in specific areas. For example, the International Association of Exhibitions and Events (IAEE) offers a Certified in Exhibition Management (CEM) program that provides individuals with the knowledge and skills they need to plan, execute, and evaluate successful exhibitions and events.

Similarly, the Portable Sanitation Association International (PSAI) offers a certification program for portable sanitation professionals that covers safety, customer service, and environmental compliance topics.

1. Informational Materials

Rental associations also provide members access to various informational materials to help them stay informed about industry news and trends. These materials can include newsletters, magazines, and online resources.

1. Other Tools

Finally, rental associations may offer other tools and resources to help members succeed in the industry. For example, the American Rental Association (ARA) offers a variety of resources on its website, including a rental rate calculator, a rental business operation manual, and a job board for industry-specific employment opportunities.

Advocacy and Representation

Another vital benefit of joining a rental association is having your voice heard on important issues for you and your business. Rental associations can advocate for their members’ interests, representing them in discussions with lawmakers, regulatory agencies, and other stakeholders.

• Legislative Advocacy

Rental associations often engage in legislative advocacy to promote policies that benefit their members and the industry. For example, the American Rental Association (ARA) has advocated for tax policies that support equipment rental businesses, such as bonus depreciation and Section 179 expensing. Similarly, the National Portable Storage Association (NPSA) has advocated for state-level regulations that promote safety and fairness in the portable storage industry.

• Regulatory Advocacy

Besides legislative advocacy, rental associations may also engage in regulatory advocacy to ensure that their members can operate their businesses in compliance with applicable laws and regulations. For example, the Canadian Rental Association (CRA) has advocated adopting safety standards for aerial work platforms (AWPs), commonly used in the rental industry.

• Representation of Industry Issues

Rental associations also provide a forum for members to discuss industry issues and develop positions on key topics. For example, the International Association of Amusement Parks and Attractions (IAAPA) has established a Government Relations Committee that monitors and addresses legislative and regulatory issues affecting the amusement park and attractions industry.

Discounts and Other Benefits

In addition to the benefits we’ve already discussed, rental associations may offer their members various perks and discounts. Here are some examples:

• Discounts On Products and Services

Many rental associations negotiate discounts with vendors and suppliers available exclusively to their members. For example, the Canadian Rental Association (CRA) discounts rental software, credit card processing, and other business tools.

• Access To Exclusive Events

Rental associations may also provide their members with exclusive events, such as trade shows, conferences, and training sessions. These events can be an excellent opportunity to network with other professionals in the industry and stay up-to-date on the latest trends and developments.

• Professional Development Opportunities

Some rental associations offer their members professional development opportunities, such as certification programs or continuing education courses. These programs can help you enhance your skills and knowledge and demonstrate your commitment to excellence in the industry.

How To Choose the Right Rental Association?

Now that we’ve covered the benefits of joining a rental association, you may wonder how to choose the right one for your needs and goals. Here are some tips to help you get started:

1. Consider your industry: First and foremost, you’ll want to look for rental associations specific to your industry or niche. For example, if you specialize in construction equipment rentals, you may want to join the Associated Equipment Distributors (AED) or the National Equipment Rental Association (NERA).
2. Research the association’s offerings: Take a close look at its website and marketing materials to learn more about the resources and benefits they offer members. Are they focused on education and training, networking, advocacy, or a combination? Do they offer access to industry-specific publications, webinars, or conferences?
3. Look for local chapters: Many rental associations have local chapters or regional groups that provide additional networking and learning opportunities. Check to see if there is a chapter in your area, and consider attending local events to get a feel for the association’s culture and community.
4. Check the membership requirements: Some rental associations may have specific requirements for membership, such as minimum experience levels, business size, or industry certifications. Make sure you meet these requirements before applying for membership.
5. Consider the cost: Membership fees can vary widely between rental associations, so it’s essential to consider the cost before committing. Look for associations that offer a good value for the cost, and be sure to factor in any additional costs, such as travel expenses for attending events.

In a Nutshell

After exploring the various benefits of joining a rental association, it’s clear that membership can provide numerous advantages for individuals and businesses in the industry. From networking opportunities and access to resources to advocacy and representation, rental associations offer a range of benefits that can help members succeed and thrive in their careers.

If you’re considering joining a rental association, we encourage you to research and explore the options available. Look for an association that aligns with your values and goals and offers programs and resources relevant to your specific needs. With the proper rental association, you can achieve great things in your career and take your business to new heights.

So, what are you waiting for? Consider joining a rental association today and start enjoying the many benefits of membership!

FAQs

What is a rental association?

A rental association is a professional organization representing individuals and businesses in the rental industry. These associations typically offer a range of benefits to their members, including access to industry-specific resources, networking opportunities, advocacy and representation, and more.

How can I find a rental association to join?

To find a rental association in your area, you can start by doing a search online or checking with industry publications or trade organizations. You can also ask other professionals in the rental industry for recommendations or referrals.

How much does it cost to join a rental association?

The cost of joining a rental association can vary depending on the association and its membership fees. Some associations may offer different membership levels with varying benefits and costs. Researching and evaluating the costs and benefits of membership before joining is essential.

What types of businesses can benefit from joining a rental association?

Any business operating in the rental industry can benefit from joining a rental association. It includes businesses in industries such as equipment rental, party and event rental, furniture rental, and more. Individuals who work in the rental industry, such as rental managers or sales representatives, may also benefit from membership in a rental association.

What kind of networking opportunities do rental associations offer?

Rental associations may offer various networking opportunities, such as conferences, trade shows, seminars, and other events. These events provide opportunities to meet and connect with other professionals in the rental industry, learn about new products and services, and share best practices and ideas.