I've found myself with an excess of instruments and other equipment lately and I've been playing with the idea of renting them out. I assume some of you may have done this at some point so I would love to hear what you have to say. I've set up a package including mics, mic stands, cables, 3.5mm adapter, and a 100W PA system. I have it priced at $65/day rental fee and a $400 refundable deposit. I've also set up instrument packages for students learning guitar/bass including a guitar/bass, a small practice amp, and a cable. I have it priced at $35/month rental fee with a 3 month minimum and a $105 refundable deposit. Students may also add on extras like guitar stands, sheet music stands, guitar pedals, bags, etc. for a few extra dollars a month and additional deposit. I'm considering whether or not to increase the deposit on the instrument packages by about $20 and allow the student to rent-to-own and keep the package at the end of 3 months by forfeiting the deposit.