You should consider buying one of these from Canadian Tire for $20.
http://www.canadiantire.ca/AST/brows....jsp?locale=en
Takes 5 mins to install and does a great job of power raking. Then rent an Aerator from Home depot for 4 hours, have you and your neighbor chip in $20 and do both lawns...
Then get a hand spreader for fertilizer and your done for under $80.