Leasing used pianos

[A440A at aol.com]

> Pros and Cons about leasing used pianos.
> 
I have had a numbe of Steinway grands out on long term leases that have been 
a great business.   I charge $ 150 + tax per month, 6 month minimum paid on 
delivery. Maintenance is my expense, tuning is theirs.   Most of these pianos 
have been out, in the same place, for years. 
    One of them is a Steinway XO, which I bought for $1,000 in 1983.   I 
reblocked, restrung, and put in a new action.   It has been in a recording studio 
since 1984, at an average rental price of $ 122.   That makes over $33,000 
worth of rent, and the piano is now worth about $ 18,000.   I depreciated it, 
also.   
    Renting can make sense, it is one way to make money while you sleep! 
Regards,





Ed Foote RPT



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