The $255,000/yr. Owner Operator...

Spoken like a true trump supporter.lol

 

All I know is what Forward Air told me when I was looking for a carrier to lease on with, and I was not in the least bit interested. They were giving me that $1.25 number or there about with the old fuel surcharge. This was around 2014, so things may have changed there, but I highly doubt that. I see their owner operator trucks, nothing to write home about, old trucks that look like they would fail a DOT. The kind I see dragging the containers between Detroit and Chicago. That says it all in my book.

 

You forgot to add it also requires a major amount of DISCIPLINE for it to work.

 

Yeah, important people quickly get cranky when their garbage doesn't get picked up. And its tough to bring in dozens of guys with CDLs and clean piss last minute. That dynamic makes for pretty decent contracts - no wonder O.C. played such a role...

 

Financial.
A lot of money can come thru an owner operaters account but its not all yours to spend at will.
There needs to be money in there when all the bills are due plus a maintenance account.
It takes great discipline when your buddy shows up and wants to sell you that mustang you always wanted for 20,000.00 when you know you have 50,000.00 in your trucking account but you bills are due next week.

 

That is my retirement plan. Rentals.

 

Rentals are pretty similar to trucking as far as cash flow. Steady income for a long time can lull you into complacency and then BAM! you get a $10,000 sewer repair two weeks after replacing a $15,000 roof.

Of course, like trucking, the more you do yourself and the less restrictive your local regulations, the cheaper those big hits are...