Rent and Borrow introduced at ribbon-cutting ceremony
The company's motto is 'Make money on stuff you own - locally'
Photo by Roger Gavan On Wednesday, July 30, Town of Warwick Deputy Supervisor James Gerstner, Mayor Michael Newhard and members of the Warwick Valley Chamber of Commerce Board of Directors joined founder Meg Peterson and her husband, Steve, for a ribbon-cutting ceremony to introduce their business to the Warwick community.
WARWICK — On Wednesday, July 30, Town of Warwick Deputy Supervisor James Gerstner, Mayor Michael Newhard and members of the Warwick Valley Chamber of Commerce Board of Directors joined founder Meg Peterson and her husband, Steve, for a ribbon-cutting ceremony to introduce their business to the Warwick community.
According to Meg Peterson, their peer-to-peer rental site fills a need by putting resident's idle tools, appliances and sports equipment to work by allowing them to rent items to neighbors.
RentandBorrow.com allows friends and neighbors in the community to list household items that are not in frequent use so they can earn money.
The company's motto is "Make money, on stuff you own - locally."
People listing their items are able to earn money on an item they do not use often by making it available, for a fee, to their neighbors. And, in turn, their neighbors are able to borrow items that they would otherwise have to purchase.
100 decorative votive holders
"There is a great need in this economy to share resources and make incremental income where you can," said Peterson. "This site allows people to do that. Warwick is a thriving business community and people are vested in local business. We think rentandborrow.com is a natural fit for this area and many small towns like us where people enjoy a strong sense of community."
As an example, Peterson mentioned that she had 100 decorative votive holders in her basement from her wedding.
"I never use more than a few of them," she said, "but someone throwing an anniversary party or outdoor teenage birthday may want to borrow these for a small fee to make their event more special. It costs very little and is a great alternative to buying the items and then storing them. So our users make money off of items sitting in their basements and their neighbors are borrowing locally."
Users set rates
Rent and Borrow, LLC allows people to list any item at a rate they chose. The site facilitates a rental contract, takes payment and sends updates so the users don't have to worry about all the details. RentandBorrow.com continues to add new features and tools and this summer the Website is running a "Summer of Sharing" event.
The first five people to list an item this month will win a gift certificate to a local winery. All people who list items on the site will be entered to win a $250 Visa gift card at the end of the event period.
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