Leasing owner operators and trailers

Honestly probably the best way is an owner operator shares their tax returns in routes/lanes you run or will run.. Too many variables to give exact. Also insurance quotes runoff your ZIP Code so no one will be able to give you a real insurance number without knowing your safety record and your ZIP Code someone could say 16 grand but then you’ll run a quote on your ZIP Code and it’ll be like 14 grand or 18 grand a year.

Not sure what type of trailer Hauled or product you moved.. say you do flatbed do you just do 80,000 gross vehicle weight? or do you do heavy haul permits?… or do you just drive around in a dry van and do nearly 3500 miles plus and blow out your 70hr every week?

regardless the best way to try to manage the numbers is if you’re an owner operator, or anyone talk driving their own equipment one roughly wants to score at least 40% of the gross revenue for pay, the rest is all overhead or managing. 40% Driving pay.

if you’re just putting the equipment out, 5% cap rate, kind of industry standard that’s what most companies net after taxes even; even major companies their net income is typically 5-10% take away after all the math runs out… for most winners or losers yearly, whether small or large or just a solo guy is, what happened in the year at the carrier or in the fleet, did they have a lot of accidents/tickets, so had to pay a lot of lawyer fees. Or did they just have equipment sitting around not moving or failures, or did they haul steady and churned out a good year

 

You don’t have to have work comp for an owner operator on your authority. At most the owner op may have to carry an occupational accident policy on themselves if your state requires it.

 

I’ve heard everything from 5-15%. The average seems to be 10%. That’s for someone to use your authority. Their Trailer. 100% chargebacks for everything you provide. You’re responsible for keeping everything Legal. Insurance. Filing fuel taxes, everything else. O/O pays 2290 and IRP and BT Ins. himself. You would need to make them an Authorized Carrier Rep. to be able to sign Ratecons. Adds up to a lot of risk, and the paperwork/ filings/ record keeping. Might not be a bad deal with the right person with the right attitude. Wrong person with a bad attitude would be a problem.