San Diego veterans launch business that could save, even make, you money

Vets behind an app allowing you to rent items
Posted at 5:28 PM, Sep 27, 2017
and last updated 2017-09-27 20:52:12-04

SAN DIEGO (KGTV) - It's like AirBnb but for everything from boogie boards to power tools. 

Andrew Adrian said he launched LendIt with a simple concept.

"Why sell it when you can lend it. Find the items you need but you don't want to buy.

Like if you need a jackhammer for one job or a last minute poker night last. The idea came about when Adrian tried to rent kayaks.

"And it was kind of a pain in the butt to have to see what kayak costs what at what location," Adrian said. 

He ended up borrowing the kayaks from his neighbor.

"I was like you're saving me a lot of rental money. He's like, 'I'd rent that out for $10 a day if I could.'" 

Adrian and a handful of vets dove in head first.

"I decided to leave my job and sold everything I had and put it in the company," Adrian said. He says it makes sense in a tourist town like San Diego.

"They always buy all this equipment and then they end up throwing it away when all of us have that equipment in our houses," Adrian said.

Jim Bingham wasn't immediately sold on the idea.

"Oh, so you're basically renting out your own stuff?" Bingham asked.

Bingham said he's attached to his getaway bike from when his wife was pregnant and hormonal. But he perked up when he learned you can make quick cash with little work.

Name your price, rent it out and LendIt keeps 18 percent. They keep 13 from verified rental businesses. Adrian, a Marine Corps. veteran, never thought he'd be working with wedding rentals but they're tailoring the app to that too.

"I'm 26-years-old and I started a company," Adrian said. "There's people who have paid the ultimate sacrifice so we can do what we do."

Visit LendIt's website for more information.