Leasing on an owner operator

I'm thinking of leasing on an owner operator to run with my trailer. He will run loadboard Freight. I may or may not initially factor some of the loads.

I am curious how to charge as far as percentage and monthly fee for the trailer. I realize the percentage varies because of how much office work is being done, but I'm trying to get a handle on about what that percentage is and then the best way to figure that with insurance expense or whatever else.

I'm also curious of anyone's thoughts positive or negative who have done this.

 

My understanding of this is that either you figure his insurance in and charge a larger percentage, or you figure a smaller percentage like 10% and then he directly pays for the insurance and whatever other fees there are.

 

That I am not sure of. I guess I'm trying to get an idea of what the range of that would be depending how much I would do. Fuel card is a good point I hadn't thought of that.

That also is a very good point.

In this instance though there would be no competition for freight.

I don't know if it makes any difference but I don't have a particular person in mind. I'm looking at how this works and the problems and issues associated with it and whether or not it's worthwhile doing or how at least I can cut off as many of the problems associated with it as I can.

I'm also trying to get more of a complete picture of what all is involved and how much work it will actually be for me.

 

My thought would be that they could negotiate with whatever broker, but I have to authorize it and actually sign the rate con itself, making sure that it's a broker that has an acceptable credit rating.

If there are Brokers we are not set up with I would have to be the one setting that up also. They can tell me they want to work through a certain broker or there's a load that they want, and I can take care of the packets and all of that.

Somehow I would like there to be an email chain that I'm always a part of, and I think there are certain things that need to be done when they deal with a broker as far as being under my authority. Nothing excessive just mostly about communication, no rude language, etc and making sure things run smoothly.