How to lease on owner operators
ฝัง
- เผยแพร่เมื่อ 10 ก.ย. 2024
- Thanks for checking out the Tow Piglet TH-cam channel!
Liking, commenting and subscribing tells me you like these kinds of videos.
For the most up date information, check out my website
➡️ www.towpiglet....
Reduce time spent searching for a load with AI
Dispatch Robot AI can search Truckstop, DAT & 123 Loadboard, at the same time and notify you of the best loads!
dispatchrobot.ai/
My social media
X - / towpiglet
FB - / 126424830426966
IG - / towpiglet
Huge Thanks To The Sponsors In This Video
I factored over $4 Million and saved thousands on fuel with RTS, they are simply the best!
www.rtsinc.com...
All the tools that i used to manage my trucking company
www.towpiglet....
Met this guy today. He is definitely as nice of a guy as he seems in his videos. I think he was a little cautious about me at first. I’m not the friendliest looking person. Lol!!! But I did just walk up to him and ask him what his name was!! Alex thanks for the conversation and safe travels.
sounds like owning an insurance company is the way to go
Lol true
Warren Buffet would agree
Best way!!
Thanks for this video.. I learned more about leasing because I would like to lease some owner operator to my company.. still need more Help..
I love the way you explain things and I learned a lot from you. God bless you man and thank you for everything you do sir.
I love the video just because the background 😍...if we get Alex a studio style mic, I can legit see a podcast coming along 🤔. HotPodShotCast 😏.
Great Video - thank you! it would be so helpful to get that checklist, but I don't see it listed. Also - in a future video, it would be great to see what you provide for your drivers and talk about fair splits between the driver and company owner?
You need an 80s haircut and sweater to go with that background.
Thank you for the informative video! Could you kindly share the google doc, I couldn't find it in the description
Is there a lease agreement template somewhere that covers all these things? Or one that can be modified to fit our circumstances?
Very informational. I'm on the florida west coast, just started looking to lease under a company as non-cdl O/O so this will help me make sure they know what they're doing.
It has been a struggle to learn how to do this for the first time! As a carrier do I need to add him as a driver to our insurance or just add his truck? You are the only person on youtube who explains the steps of leasing on an owner operator to a carrier. HUGE THANK YOU for educating us and providing resources!
Both
You have amazing videos on your website! Kuddos to you for informing others!!
Is anyone else not seeing the link in the description for this spreadsheet? I had trouble trying to view it a while back when Tow Piglet posted about it before.
Dude it is kicking my butt getting my first guy leased on lol I’m doing 75% and 25% to me as I am providing insurance plates and fuel card and last but not least dispatching
Question for you. When you say plates, is he running his own equipment and you're getting the apportioned plates due to CDL or what?
Great vid! Question, who is dispatching your drivers, what’s your cut, and how are you paying the leasee
Great video! Helped out a lot im not seeing the link to the google doc? would love to have that checklist!
Been waiting for this video...thanks for the info 🤝🏽🤝🏽💪🏽
THANK YOU! This is the video I needed
Great video! Where can I find a link to the check list to excel sheet?
Is the spreadsheet no longer available? By the way, this video is very informative. Thank you!
Thank you for your help! Where can I get this checklist? I don’t see it in the description box.
I'll have a new one soon
Thank you for this video alex I really appreciate 🙏
Great video man. I have been wondering how to do this for a while now. Thanks
Hello Alex. Is the google sheet still available? I couldn't get the link.
Could you please respond with the link
Thanks for your great video.
I love the videos man! When are the on the road videos going to be back?
I will rent out my 2019 dually Silverado 4x4 with 34,000 miles and beat the Enterprise Truck Rental deal.
I'll take it...
An owner operator of a 26 foot box truck asked me if he can run under my Authority! Why does he want to run under my Authority? How does that work? What are examples of fair deals? What should I charge? What would you do?
I'm lease on with a company and finance my truck and have my own full coverage on truck and fire ,theft on trailer and use there commercial ins. Dose that cancel out one or the other
Hi ! Could you have a moment for some questions ? I’m currently driving my friends truck under his LLC but I want to wait for some time and start a business and I want to lease a truck can I know what steps you took to get the LLC and truck business and did lease payment affect anything
The video mentions a link to the spreadsheet. I don't see the link. Can I get that please?
Hello Alex. How much % is customary to deduct from the Owner Ops.?
You make more money and less stress if you have owner operators..
Thanks Alex!
What’s the type of coverage that would be needed if the client already has their own insurance.
You have to list the driver and the vehicle on your policy
So ,should I add the owner operator to my insurance the day after my monthly payment to avoid the risk of him quitting and me losing money?
not a bad idea
This is the best video that I've seen on this topic. You've really broken everything down nicely. I just have one question about plates. If I understand correctly, once the driver leases on to a company, his/her vehicle is registered under that company and any states that the vehicle drives through regularly would have to be added to the plates for tax purposes. Can you elaborate on this subject? Thank you.
Question: the owner operator has his own mc, dot ,insurance,work compensation. Do I still need to add to insurance and sign a lease?
My truck is financed under my personal name, how does it work if I want to lease on with a company. The company said they will cover my cargo insurance.
Is it very often that a carrier doesn’t carry the lessee on their insurance? How much should a carrier charge to lease on in that situation?
I just watched this video. I don't see the owner-operator checklist. Is it still available?
I’m converting to a LLC from sole proprietor. I’m hoping to start leasing on drivers soon and then next step have company drivers
Are you in Houston
@@daoldschooltrucker8260 California
Have you bought your first truck? Did you get your CDL?
@@Mike-fx7lq I had my CDL from the beginning. Hotshot for 5 months now been in a semi for almost a year. Wish I never started with hotshot should have went straight to semi from the start
@@cztrucking1559 I drive my friends truck but I was thinking can I start my own trucking business llc and lease a truck to work on for myself ?
Where can I find the check list?
Hi! Maybe could you help me please, because I don't undestande the video, I have a pickup this video is for the company that have truck on lease or this video is to the owner operator please help me!! For example If they have my truck, i must to add him at insurance or the company that have mi truck it is the responsable to add him, thanks so much. I'm from Colombia and I'm not speak english so good.
this guy is a fucking wizard and I love him lmao
What are you using far as the ELD? A tablet or actual device
Where can I find samples of lease agreement?
Suppose you just lease on operator who have insurance and jus need MC number? You jus charge 10% per load ?
You mentioned it’s the first link in the description, but it’s not.. I’m not seeing it at all. The first link is to the AI link for load board searches.
Great info!!
Hello, how do I file IFTA with owner operators. Do I just collect their mile & fuel numbers?
Where do u get lease agreement from and can you send me the link for list
Can you lease an owner operator and they carry their own plates over? Would I just be adding them onto to my irp plan?
Where is the link to the google xcel spreadsheet? I’m having trouble finding it
@towpiglet
Hi I would love to access your google sheet checklist but I don't see the link can you share it please?
where can I find the excel sheet you mentioned in your video? I do not see the link
My best friend from high school is an owner operator but he has an 18 wheeler.
My company is looking to ship some Freight. And this is the first time we're looking into shipping with a hotshot driver. Where do we go to post the load? I know you did say something about you ship , what is the place that's the best to post the load?
I just watched another video on this same topic where the guy was only bringing on drivers who had their OWN liability and PD insurance. Have you seen that before?
Share the video here
how can i get that checklist and sample of lease agreement, thanks.
Hello.
Do you have hace access to Lease on agreements templates?
I got mine from Legal Zoom
Question: how is responsible for license plates and IFTA decals? and who reports the IFTA?
The carrier
@@TowPiglet Thank you for your answer, It is confusing because I just wanted another video (Brandon Manney i think it is) that says that I must add his vehicle to my IRP and get license plates for the truck. Also, would you have a lease agreement template by any chance
Who pays and applies for IFTA? Should the driver pay for fuel and their own maintenance program? How do you pay your drivers? Does the driver bill the shippers/brokers? Or do you bill them and then pay the driver after dispatch and factor fees? I'm sure everyone does it differently, but just curious as to what works best?
You apply for IFTA since their leased onto your company. Their running out of state miles under your company not their own. Independent contractors pay for their own fuel and maintenance not you, they're not company drivers. I send all my invoices to my factoring company, pay the driver 85% of each load, charger 15% of each load and do deductions at the end which is just insurance once a week. And a trick for insurance so you won't pay alot is have the vehicle insured with liability and cargo only, no driver. Most and all of the big companies do it that way. Companies don't necessarily care about your record, sure they wana know if you've crashed or not (which that's someone I might not hire) but I would hire someone that has speeding tickets or a violation for not obey the stop sign. It's stupid that insurance would wana charge a butt load just becuase you disobeyed a freaking stop sign. And Independent contractors have the right to have their own physical damage and non trucking liability but they can't have auto liability or cargo. I use airtable to keep track of loads and the loads drivers have taken and delivered.
Does all this apply if you lease on a non cdl driver also?
So non cdl driver does need a pre-employment drug test ? Or added to random list of custodian
Hey what do you think about those owner operators that do hot shot with a big rig, and would you consider have them on your fleet, I'm planning to do that set up good old truck with a goose neck, but I would like to lease on a company, if you can give your thoughts on that or if anyone have a comment on this please do so, thank you.
Is there enough revenue in trucking to really make enough money to stay in business without having to borrow money ?
Any way we can get access to the spreadsheet to see the rest of it please?
Can you help with lease agreement
What happen if they have their own insurance commercial
I can’t find the spreadsheet can you reply with link please?
How do we get access to the spreadsheet? Don't see the link listed
Can someone lease on as an owner operator if they did the long term rental through enterprise to get their truck
So driver should save money on the commercial insurance, and carrier should make some money as a % from the gross receipts. Is a win win situation.
What insurance company do you recommend
How do I get to the link "Everything you need" Hot Shot Checklist Google Sheet
Great video.
Wait so is it all companies who making you do a test just to lease ?
Can you please do a video on the Hot shot trucking scene in Canada?
good video, but no link.
Where the link?
Can you start lease on trucking company with no equipment owned?
Looking for the checklist
The link to Google Sheets is not showing
Hey Thanks for this info i found it so helpful. Where is that goole sheet link didn't see, it is it still available ?
Working on a new one
Where is the link for the google spreadsheet Please advise
So I got my own company dot mc numbers insurance and a truck right now and I lease the trailer from other company to move motorcycles around the country n I pay for fuel n maintain on equipment from my picket but the company takes 20% what I make , am I getting screwed over with them ?
That seems fair
@@TowPiglet why is fair? 20% for just trailer?
Great video, but wheres the link?
Thanks brother for all the information ✊🏽
Alex, Im looking into starting my own Hotshot business BUT I can’t find an insurance that will cover me. They all say my DOT must be a year old. I’m in CA. Any recommendations?
Lease on and let it age. (Though its been 11months so im sure you figured it out)
This is why when I see guys working for a company and they get comments that they need to get their own authority.
There a lot to do when before you get your authority.
So who pays for the insurance??
Where is the best place to find owner operators? So far I’ve tried it Indeed. I’ve gotten a ton of responses from drivers but not owner operators.
How can i get the check list?
checklist link on the site doesnt work
Regarding registration how do i get that done ?
I wanted to Quit my $90K Job and Try Hotshot , I have $25K Cash in Savings ,
What are the A-Z steps I have to follow to make Safely $60K Afeter Tax . I can drive 10K Miles/ Month and Be home 1Week/Month .
I really appreciate your Videos and yes I have watched your Video how to Quit Job and the 30% Rule
th-cam.com/video/Y9fvzR0GIXA/w-d-xo.html
where can i get a owner operator lease agreement?
can't see the checklist
Is there a checklist
not any more
Do you still have a link to your spreadsheet?
I guess not
@@aquianstanley3909 Yeah I guess Not. I can't find anything on the website or in the comments / description.
Hello is the checklist still available