You’ve just invested in a new camera kit and lense set. It’s probably your new obsession and it’s probably one of the most expensive things you own. You’ll definitely be using it for all of your shoots. But what about when you’re off the job, or in post? Renting out camera equipment when you’re not using it can be a super easy way to to earn extra income. At KitSplit we have tons of owners earning significant income renting out their gear. Some even recoup the entire cost of the equipment!  When it comes time to decide whether and how to rent out your gear, there’s a lot to consider particularly related to keeping gear safe and protected.

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As the largest and highest quality community of professional creators with huge demand for renting gear, KitSplit is the best place to maximize your earnings.  We’ve built the KitSplit rental system to be the safest, easiest, and most trusted method for renting out gear.

I’ve been working in the gear rental industry  for over ten years and I’ve personally worked with hundreds of filmmakers and production companies who rent out their cameras, lenses, lights, support etc.   Based on my experience and feedback from the tens of thousands of filmmakers and production companies using KitSplit, we’ve designed a rental process that protects your gear while maximizing your profit. Here’s how:

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A huge community of professional renters with real budget to spend on your gear

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The best way to ensure you’ll make serious income is by renting to professional filmmakers and content creators who have budget and money to spend.  On KitSplit we’ve convened an amazing community of tens of thousands of professional filmmakers and production companies renting gear through KitSplit.  We market your gear to this huge community of professionals who know what they’re doing and need extra gear to achieve their vision. Our members rent KitSplit gear for projects ranging from feature films, to documentaries, TV shows, video journalism, and social media.

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State-of-the-art vetting system that evaluates every renter each time they rent

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We are super serious about vetting and safety at KitSplit. We use a custom 40+ point risk assessment designed to ensure our community is comprised of high quality trustworthy folks. It’s incredibly effective at keeping shady individuals off our platform. Our system is the best in the business and has prevented hundreds of thousands of dollars worth of thefts.  The proprietary KitSplit vetting system combines machine learning algorithms harnessing a vast network of data on fraud prevention, along with the human touch.  Every single person who rents on KitSplit has been reviewed by our team. Plus we don’t just vet the renter once, we vet them every time they rent. This means each time you hand off gear, it’s in the hands of a trustworthy professional.

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All renters are insured, and KitSplit verifies their insurance

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We require all renters to show proof of insurance that covers the gear during their rental. We know that as an owner, dealing with insurance and verifying a certificate of insurance (COI) can be time consuming pain. So at KitSplit we do all of that for you. All renters are required to provide proof of insurance, which we verify by calling the insurance company for you. If a renter doesn’t have insurance that covers gear, they are required to purchase it through us (at the best rates in the industry) or leave a deposit for the full value of the gear. Our obsession with safety and protecting gear means we are really serious about insurance. We’ve built a system that covers all gear while also leaving room for flexibility. Read more about insurance on KitSplit here.

Note that our insurance is not a replacement for owner’s insurance: we also highly encourage owners to get their own annual insurance policy. This is a best practice for anyone with expensive gear, and allows for ultimate peace of mind. We also recommend that all owners check to make sure their insurance covers voluntary parting. Unfortunately insurance companies selling gear coverage to renters are unable to include voluntary parting so that’s something that the owner must provide. To get coverage for voluntary parting, you can purchase an annual policy that includes voluntary parting coverage.

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Secure instant payments

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With KitSplit you always get paid instantly- the money lands in your bank account before the rental even begins.  No more invoices. No more waiting 120 days. No more awkward emails and texts reminding friends and colleagues of your Venmo request. With KitSplit we make sure you get paid up front, directly to your bank account.

KitSplit helps you avoid tricky and potentially risky payment scenarios. Accepting a check is risky because it could bounce or be bogus.  Even accepting cash can be risky too: if a renter is pushing you to accept cash, it can be a sign that they have bad intentions. Using KitSplit for rentals means you’ll always get paid instantly with no chance for fraud or hassle.

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You get visibility as an expert in the field and a mentor to up and coming creators

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This is our favorite part. When you rent your gear out through KitSplit, you are presenting yourself as an established creator who’s achieved a level of success that has enabled you to invest in equipment.  And when you rent on KitSplit you get to meet the person using your gear for their shoot. In Real Life! This interaction gives both parties the opportunity to teach and learn from each other–the roots of the filmmaking process. Many KitSplitters rent from the same Gear Owners again and again. Some even hire them when they need additional crew. That feeling you have right now in reading this, we still get that too.

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Easy compliance with taxes and reporting laws

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Did you know that sales tax is required on most rentals in New York and California? Yeah it’s a pain, but it’s important and will be way more painful if you get audited.  KitSplit actually eliminates that pain by calculating and collecting sales tax on your behalf.  We’ll even file a 1099 for you at the end of the year so you don’t have to track all that income yourself.

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Data and industry trends to help you make smart gear investments

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Camera and gear innovations are happening at an ever quicker pace. There are so many options to invest in, it can be overwhelming to determine what to buy.  KitSplit trends and data can help you determine what to invest in and what will give you the best return.  Whether our renters are renting from you or someone else, we collect the data on what they’re renting, what they’re interested in, and what they own. A few times a year we share that data  en masse with our users. We’re also looking at it all the time. Have a question about buying or selling a piece of gear? Call us first. We’ll share what we know.

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Now you know how obsessed we are with making it safe and easy for you to earn big bucks renting out your gear.

You can list your gear here or if you’re short on time our gear experts will set list the gear for you. Just send your gear list to contact@kitsplit.com and our gear experts will set everything up.  Zero time and effort on your part.