Should I Be A Owner-Operator In 2023?

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  • เผยแพร่เมื่อ 9 พ.ย. 2022
  • In this video, we're going to discuss what it takes to become an owner-operator in 2023.
    Being an owner-operator has become a very popular career choice over the past few years, and there are a lot of reasons for this.
    We'll discuss some of the benefits of owning your own business, as well as the requirements you'll need to meet in order to become an owner-operator.
    After watching this video, you'll have a better understanding of what it takes to become an owner-operator in the future!
    For over 35 years, LRM Leasing has been offering a best-in-class NO CREDIT CHECK lease program. At LRM Leasing you can work for any carrier in the United States with no mileage limitations whatsoever. Many other companies will require you to work for specific carriers, at LRM Leasing, you choose who you want to work for. When you lease a truck from LRM Leasing you will have all the benefits of ownership. You can expect a simple no-nonsense experience. Our friendly staff is ready to walk you through all your options and answer any questions you might have along the way.
    For more information on leasing a truck visit:
    www.lrmleasing.com
    (954) 791-1400
    / lrmleasing
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ความคิดเห็น • 72

  • @jessewolfe9961
    @jessewolfe9961 ปีที่แล้ว +12

    I love the last thing this gentleman said, great way to end the video. Thank you for this advice LRM Leasing, and all involved! It was a long video, but it was full of valuable information. I would rather watch something that is valuable then a bunch of garbage.

    • @LRMLeasing
      @LRMLeasing  ปีที่แล้ว +1

      Glad you enjoyed it!

  • @SliverOfSilver1000oz
    @SliverOfSilver1000oz ปีที่แล้ว +3

    Spot on!! Loved this entire interview

  • @robertcalkins6120
    @robertcalkins6120 ปีที่แล้ว +3

    This was a great informative video. Thank you both for making this for us!

  • @alvinmarsh9878
    @alvinmarsh9878 ปีที่แล้ว +11

    To whom ever do not become an owner operator right now in 2023. Freight is down there is not enough loads and too many trucks on the road . Freight rates are really bad and low paying .Same loads that we’re paying $1,000 in 2019 , 2020 (before COVID.)for 200-300 miles are now paying $200-$300 dollars

    • @kevinhazurejr946
      @kevinhazurejr946 6 หลายเดือนก่อน

      Freight isn’t down. They dnt give clowns good loads

  • @edwardcook151
    @edwardcook151 ปีที่แล้ว +1

    Great interview and extremely informative for people who want to get into the trucking industry!

  • @samebelete4526
    @samebelete4526 ปีที่แล้ว +1

    Thank you brother for your advice that's awesome 👌

  • @Chubearishere
    @Chubearishere 11 หลายเดือนก่อน

    Great interview! Loved every minute

  • @carloszachary8171
    @carloszachary8171 ปีที่แล้ว +5

    This Brother speaks the Truth. Great interview. This Brother very knowledgeable. He needs to be a Mentor. 👍

  • @JuanMartinez-rc8st
    @JuanMartinez-rc8st 5 หลายเดือนก่อน

    This schooling not gets better than this, I feel very grateful to take this class.

  • @felipemurrieta4984
    @felipemurrieta4984 10 หลายเดือนก่อน

    Thanks a lot Steve and your guest, for such useful inf, it sure helps on trying to figure out what am about to get into, thanks for sharing Steve you probably b getting a phone call from me soon, thank you!

  • @josesimoes1485
    @josesimoes1485 ปีที่แล้ว

    Great vídeo. Congrats.

  • @TheGrahamFamily0524
    @TheGrahamFamily0524 ปีที่แล้ว

    Shout out to my Jamaican brother 🇯🇲🇯🇲🇯🇲🇯🇲🇯🇲 keep dem wheels rolling my brother.

  • @kylemckee
    @kylemckee ปีที่แล้ว

    Very good presentation

  • @sileshitegengne3750
    @sileshitegengne3750 ปีที่แล้ว +4

    Great quality.

    • @LRMLeasing
      @LRMLeasing  ปีที่แล้ว

      Thanks for watching!

  • @geoestrada5001
    @geoestrada5001 ปีที่แล้ว +5

    I won’t recommend to anyone gotten into leasing to own but unfortunately it’s to many opportunities, but before getting in trucking business you should check the market how is moving,and check how much expensive will be your trucking insurance,

  • @true1020
    @true1020 ปีที่แล้ว +7

    Only one way to get into trucking and stay in trucking is to have low overhead. Two ways to accomplish this: 1: have paid off equipment or low payments. 2: take a heloc out of your home. 50k-60k spread out over 30 years is anywhere between $200-$300 a month.

    • @danielgkorecki
      @danielgkorecki 10 หลายเดือนก่อน

      Heloc is different than mortgage max is 10 years or so.

    • @true1020
      @true1020 10 หลายเดือนก่อน +1

      @@danielgkorecki True....contingent on State.

    • @TRUCKDADDYLLC
      @TRUCKDADDYLLC 9 หลายเดือนก่อน +1

      @@danielgkorecki 5 year term amortized to 30 years on helocs typically.

    • @danielgkorecki
      @danielgkorecki 9 หลายเดือนก่อน +1

      @@TRUCKDADDYLLC agree. The most I have seen was 9 years on helocs

  • @gustiable
    @gustiable ปีที่แล้ว

    i’m actually interested in the leasing programs

  • @victorloera1897
    @victorloera1897 ปีที่แล้ว +2

    Great interview

    • @LRMLeasing
      @LRMLeasing  ปีที่แล้ว

      Thanks for watching...more coming soon!

    • @dritanvaka22
      @dritanvaka22 ปีที่แล้ว

      Come on from 2002 Owner operator this business it's bullsheet now5.70 $ galon you make sheet now

  • @secretsquirrel6718
    @secretsquirrel6718 8 หลายเดือนก่อน

    I got out in January.
    Sae the rates kept going down.
    Citing the law of dinishing returns.
    Its doable if your truck is paid off.

  • @shawnfairman911
    @shawnfairman911 ปีที่แล้ว

    Replay from the buckeye.

  • @PRPWR
    @PRPWR ปีที่แล้ว +4

    Freedom? I feel like I'm stuck in a cage for weeks sometimes months at a time without seeing my family

  • @butcharmstrong9645
    @butcharmstrong9645 ปีที่แล้ว +2

    @1:50 whatta man

  • @gailmorra
    @gailmorra ปีที่แล้ว +1

    Most not all O/O dont pay well

  • @safethamzagic7226
    @safethamzagic7226 ปีที่แล้ว +12

    Don’t do it, you will get exploited. Trucking has become a swat shop on wheels.

    • @pakrevivas
      @pakrevivas ปีที่แล้ว +3

      I hope somebody listen read this and take it serious.

    • @whyworkwhenicanrap6830
      @whyworkwhenicanrap6830 ปีที่แล้ว +8

      That’s your experience if your a hustler anything can work your just weak with it I have plenty homies making big money
      The hustle just not in u lol

    • @adoremoniqueg
      @adoremoniqueg ปีที่แล้ว

      @@whyworkwhenicanrap6830 💯

    • @drmidnight680-kz2le
      @drmidnight680-kz2le 11 หลายเดือนก่อน

      @@whyworkwhenicanrap6830my brother in law has always had 10 to 20 trucks for about 40 years, do you think he's making money or the wife is paying the bills.

  • @Comm0ut
    @Comm0ut 8 หลายเดือนก่อน +1

    Ask experienced owner operators, not SALESMEN on an advertising channel, Why do you imagine companies want to offload all their risk onto drivers? Do NOT take out a HELOC because if you cannot pay it back you'll be homeless even sooner. Young dumb and desperate new truckers imagine owning an expensive depreciating asset during risky economic times makes sense.

  • @NadiaVirnan
    @NadiaVirnan 4 หลายเดือนก่อน

    Hi I have to semi truck and I need to know which company you have your truck with so I can lease onto them. Can you please reach out to me thank you

  • @LetsEat973
    @LetsEat973 ปีที่แล้ว

    Hey can how can I reach out to you ??

  • @gailmorra
    @gailmorra ปีที่แล้ว

    7:30 minutes in and still waiting about 2023 being O/O.

  • @jasonalexander1709
    @jasonalexander1709 ปีที่แล้ว +15

    Not unless fuel prices come way down and freight rates come way back up. But next year we will be in a recession. So no 2023 isn’t a good year to do it either

    • @LRMLeasing
      @LRMLeasing  ปีที่แล้ว

      Great feedback!

    • @machiavelli4428
      @machiavelli4428 ปีที่แล้ว +3

      It's 2023 and your correct

    • @banksboy6806
      @banksboy6806 ปีที่แล้ว +1

      Only way rates go way back up you’ll need another pandemic because the rates today almost normal

    • @haywoodcunningham7116
      @haywoodcunningham7116 ปีที่แล้ว

      It’s a Great year to cash purchase one tho…

    • @gailmorra
      @gailmorra ปีที่แล้ว

      They've been screaming recession for over a year. We had a soft one already.

  • @davecramer9725
    @davecramer9725 ปีที่แล้ว +1

    This economy know is no time to start a company or just owner operator rates way to low fuel and other things way to expensive

  • @gailmorra
    @gailmorra ปีที่แล้ว

    Sunday is breakdown day. Lol

  • @dt1470
    @dt1470 ปีที่แล้ว +3

    How much OTR experience you need to get approved for a lease?

    • @LRMLeasing
      @LRMLeasing  ปีที่แล้ว +8

      We do not require any experience however you may find the costs of insurance to not make sense based on your experience. We do not sell insurance but the insurance companies will charge you more if you have less than 2 years verifiable cdl experience.

    • @dt1470
      @dt1470 ปีที่แล้ว +2

      @@LRMLeasing oh ok, thanks.

  • @gailmorra
    @gailmorra ปีที่แล้ว +1

    LRM leases trucks from what ive read.

  • @moonmoon3743
    @moonmoon3743 11 หลายเดือนก่อน +3

    DONT DO IT RIGHT NOW....DONT BUY INTO THE HYPE.

  • @billymadison1466
    @billymadison1466 10 หลายเดือนก่อน

    Low freight horrible rates

  • @elperrocovero
    @elperrocovero ปีที่แล้ว

    Fist Jamaican non Jamaican accent I hear

    • @kassanova5430
      @kassanova5430 ปีที่แล้ว +2

      You sound crazy. This man is clearly Jamaican lol. My girl and whole family from Jamaica. When you hear them try to speak “proper” English this is exactly how it sound.

    • @truckingwithgarry.t8699
      @truckingwithgarry.t8699 ปีที่แล้ว +2

      ​@Kassanova from you hear the pronunciation you know for sure.

    • @frankelse745
      @frankelse745 5 หลายเดือนก่อน

      Yes just not to strong.

    • @elperrocovero
      @elperrocovero 5 หลายเดือนก่อน

      @@frankelse745 no wonder that’s why I understood him 😂 Jamaicans in nyc always get mad when I be like what you said

  • @jackmahle8680
    @jackmahle8680 ปีที่แล้ว +1

    🚛🏁🏁🏁👍😇

  • @theswampfisher3253
    @theswampfisher3253 10 หลายเดือนก่อน

    Never lease a truck with a company get your own truck and do your own bids

  • @tradestars9693
    @tradestars9693 8 หลายเดือนก่อน

    You may not get paid.... But you will be Free LMAO

  • @terrybane6206
    @terrybane6206 10 หลายเดือนก่อน

    Do not believe any of this unless you want to go broke.....

  • @austinhunter6554
    @austinhunter6554 7 หลายเดือนก่อน

    Nope