For all the people saying more like 5-10k are insane rookies. He has one trailer. The going rate in my area would be MAX $400 for 5-day timeslot for them to fill it before pickup. After Dump Fee, Gas, and Insurance you're looking at about $275 net without heavy construction materials. With all this said you can get about 6 rentals a month which brings you to roughly $1650/Month. Now take away Uncle Sams portion and the guy is right near that $1k net. Nice video Dan!
@@TubbyTwoWheel my thoughts exactly. You do need a different type of insurance to rent them out but it's not even close to that much lol. I love comments like these, though, because it gate keeps the industry.
$1k a month nah. Try closer to $10k a month. You rent them out for say $$300 a day for someone to use it for the entire day. If you buy a big 8x16 with 3 foot sides for $15k then yah you could rent it out for a full week at $2500 or $400/day or just don’t do it because it’s not worth $1k a month that you say
The trailer will get trashed after a month of use. You'd need to have a business.. LLC and have it insured for rental use and good luck having it booked every day of the month.
@sabbie7 I'm sure a self proprietorship would suffice. Not sure a LLC is needed unless you're doing demo work, etc. Trailer rental and haul away prollu be alright. Why would it be trashed after a month?
I get 40 yarders for 7 days for $495 up to 4 tons of trash. And this is in California. That trailer looks like, what 25 yarder? I don’t know who would pay $300 a day for 25 yards. Best use to make more $ would probably be just being hired to do the trash hauling yourself.
I just ordered my Texas pride 7x14 with 4 ft walls and 14k axles. Should be ready for me to pick up they said within 2 weeks. Hoping I can make about that much lol. I have a full time job already making over a hundred grand a year so this is super part time. I have almost an 800 credit score so I was able to get the trailer for $0 down and like $309.00 a month payment there’s no way I can’t find a way to make that little ass payment on that thing lol. Hauling renting customer pick up and drop offs, I don’t think it should be too hard to turn a profit with this thing.
Yeah if you have an f250 and up already, or else you’ll spend $250 a month financing that trailer, $750 a year insuring that trailer and $1000+ on a new diesel plus the insurance on that. Not saying don’t do it, but think it out fully before doing anything rash.
If you are going to use your truck as a "work Truck" buy a 250 Ford or 2500 Chevy. Tundra is a good quality truck, and I wish they made a 3/4 ton truck. But, they will not hold together towing heavy loads. I know, I had a 2010 Tundra and finally the transmission went south. The Toyota tech said the transmissions are for medium duty use. FYI Thanks
What’s up man thanks for the video!! Yea you should be able to make $1,000 doing it part time like you mentioned! I’m thinking of starting this up! Thanks for the content!
1000$ a month please tell me this is a parody of some sort 😂 you can rent this thing out for 250$ daily w/ empty return policy and there ya go. Every month you have another BRAND NEW 6x12 dumper with dual hydraulic cylinders 😭 anyone who hasn’t considering starting this as a side business is other wise inferior
@@DanKohan I have to pay by the pound for demo, brush, etc, so how do you charge if you don't know how much weight someone is going to drop in your trailer?
Nah bro you could get a new 12’ long x 8’ wide x 4’ tall for about 6-7k. I imagine the full size being around 10k. This side hustle is for construction folk already having a 2500 or bigger. Actually not a bad idea if you have the driveway for it.
@@DanKohan to legally operate this, you will need a dot number since most dump trailers have a gvwr of 10k or more. You will need commercial insurance, and liability insurance as well. Insurance will run you 6k or more a year give or take alittle. There is more to it than just owning a trailer and renting it. You can be fined if you get pulled over, which you will at some point during DOT stings and lying only last so far before they catch on. Any trailer being moved for compensation, getting paid, will fall under commercial. Your video is doable, if and only if you already have commercial insurance for another business, and then renting out that businesses equipment may be covered. If someone rents a dumpster and someone gets hurt either while transporting, or during use, I hope the person who owns the dumpster can cover all legal a suit fees out of pocket. In some scenarios, depending on what truck you have, you may need a CDL. RU-vid is full of this side hustle dumpster stuff, and most of its crap and they don’t know what their talking about. I’m in the middle of going full legit, and I’m already at 10k just to start operating a business doing this legally. Sorry for coming into you hard about this, but we in this profession need to take a stand and let people who want to do it know the truth about what it requires to not get sued, fined or worse. People need to know what all they are signing up for to run legally. The people who run illegally, need to be shut down, they are hurting the people who paid their dues and operate legally. What should I pay 6k a year for insurance to try and compete for business with someone who doesn’t operate legal and has no overhead….. the answer is, I shouldn’t have to.
