How common is it to buy an extra trailer and rent it out to someone?

Simple, guy gives you 500 dollars when he picks up the trailer for rent, paying for the first month. Then, you never hear from them again.

 

I currently work in the equipment rental industry and I can tell you that no one takes care of rental equipment. Expect it to be abused.

 

People are giving you really bad advice here. Ask yourself, are there companies that rent trailers to individuals. Yes there are. They make money. So there is money to be made renting a trailer to someone but you have to know what you are doing. You have to find the right person to rent to and get the correct amount for the rental. But if you do that, you will be fine and have some extra income.

New business's always are risky. More knowledge, less risk.

 

It's nothing new but you could take that trailer and put a truck ahead of it, making ten times the amount of money.

 

I think the pitfalls that got pointed out to him are spot on. The OP reminds me of people who come in here from time to time that have a little extra money on hand and want to buy a truck putting a hired driver in it. With zero knowledge of the industry but it just seems like a great idea easy money hahaha. Terrible idea. Hair brained. Will never work. Might as well toss hundred dollar bills into a furnace.

 

And who is paying anywhere near $1,200 a month to rent a new dry van? Ridiculous.

 

You do not rent it out.

You do hold on to it just in case you have TWO loads on your 5th wheel to take care of or one really dead load that cost you DAYS to get rid of, bobtail to other trailer and go to work.

 

You just described a successful strategy for trucking itself.

Hurst

 

i know several people that do it, but they rent out more specialized trailers that are used in short haul operations. and charge around 2400 a month. biggest problem is no one takes care of them when they are renting them. once in a while you might have to chase your trailer down when they don't pay then have several thousand in repairs when you get it back.

 

I rent out 53ft dry vans for 300.00 per month.

Ofcourse i only pay 2500-3000 for the trailers, then i build a set of steps and rent them out for dry storage

After 12 months, Ive recovered initial investment and now they just bring in cash. I will tow to persons property so they can load it (for a fee)