Owner Not Operator

LOOK I will be frank, take this seriously. I'll keep this brief and add to that already said.

As said drivers are hard to find, it is the most time consuming PIA that an owner can deal with. Between the cracker-jack licensing system (read very easy) and the poor stock of drivers, it can take a few drivers and a few months if not longer to find someone who can drive the truck and take care of it. I've had drivers with a few "experienced" drivers apply and the idiots can't find where the dip stick is on the engine or can't read the oil level - not a good thing.

Then you have to deal with the finance end of it, you have to have a reserve fund, you have to deal with at least three months of operating expenses to be safe and the be prepared to be involved with BS issues between the driver and the carrier.

I would just sell it, I wouldn't think about getting into this unless you want to devote more time into getting it off the ground than it really is worth (you're not in the business but doing the passive thing) . Maybe invest into a rental home or four and collect rent (that's a lot easier) to produce a passive cashflow.

 

Better keep a close eye on your equipment. These guys ain't kidding about how difficult it is to find good help. Most good experienced help doesn't work for small independent outfits that can't afford to pay them good retirement, health, and dental benefits. Hopefully your truck doesn't get abused and torn up by some reject. You know what they say about a partnership? It's the only kind of ship that won't float. Ruined a many of friendships. Keep a close eye on things so you don't get taken for a ride by anyone, good luck.

 

It takes a hack less than a week to #### up a decent truck. Trust me I've seen it more than once.