I lend items frequently, and immediately put the borrower name, date and item on a "Borrowed" list on my phone. It includes our six children and their adult children. I've decided I have enough to share. I do ask and expect that the item comes back in a reasonable time, in the same or better shape. I'm rarely disappointed because folks know my rules up front, and I'm quick to remind them from my memory list.
My wife threw a big wrinkle into borrowing from me. In church a year ago as she was giving a talk she mentioned how most of our congregation members know they can get anything they need from me. She went on to say that I have so much stuff, she actually encouraged people to keep stuff rather than return it (true)!
I added her to my list of things available to borrow!
(Not true!)