What could you rent them for nowadays !?

That’s awesome!

Tbh you should be making a lot more than that.

You are a good man, this type of advice really helps, keep up the good work champ👍🏼

Thanks man!

dam good thing you started in the FIRST place

What would u say now . Is it worth it to start a dumpster

Non-depreciating (or slow depreciating) assets are a gold mine in an inflationary environment for businesses. Better than cash in the bank anyways.

How much is the insurance for one of these trailers???

Where's that ball now?

Awesome!! It’s definitely a slow and steady growth type of business! Thanks for the support!

@@lakechamplainsanitation7226 I plan on keeping my full time and just ease on in to it. I seen a Trailer and 3 dumpster package for sale here locally. Thinking of starting with that.

Thanks for watching!

Thanks!

Thanks man!! Love the podcast!

@@lakechamplainsanitation7226 Appreciate it!

That’s awesome congratulations!

Same story here 20 years in businsss have 2 hooklift trucks i pay climber 500 to 700 a day crack head iam iandian guy he is with me off seaon from nov to aprial thay time i do good i have 2 hooklift trucks 20 years i never drived truck since lady 6 months i drive people get gov money they dont want to work alchol crack tablets all kimsa of morans crack head stole atleast 50 chain säws rent home wreck pay no rent drag courts move on this is canada life of people no confidenc i have 12 dumpsters never able to rent bins when he come do work phone calls keep rings summer miserable life never able to find climber with wife kids pay loans have firewood splitter power splitter and used multitek 1610Ez splitter wood of hardwood 15 yards 200 loads no workers welfare odsp freehome long live canda guys on job demand 15 pack beer kuncha 100 bucks no workers this is real problem of canada it blows ur head who ready it iam i depressed tell me guys

How's it going now junkers. I'm in the same boat about by a 6x10

oh yeah learn to trade with someone who has excess land. It might take a dumpster offline but it doesn't have to cost you anything out of pocket.

Property in ghetto is cheap

I'd rather have paid off equipment and have to hire someone then have a constant truck payment. Just my opinion

@@evandickens3917 - All of my equipment is paid for in full and I still have a warranty. The problem is guys that go out and try to get the most expensive truck and equipment. I got base model everything because it’s gonna get beat and banged up anyway.

Thank you! Check out calendly.com/lcsanitation

🙌

Thank you!

When I was doing this on a smaller level an office and large yard space were not necessary. I would suggest a hooklift from the get go only if you have the financial means to do so.....hard to beat a trailer you can hook to your daily driver and with just a couple dumpsters revenue enough to cover the truck payment and all business expenses so you can keep your main jobs income all in your pocket or re-invest into growing the business faster like I did.

Facebook pages and word of mouth is free. Depends on the person, if you know alot of people it's easier to get the word out. And you really shouldn't have much for maintenence fees when it comes to the trailer and dumpsters. Especially first starting out when they are brand new. He also mentioned that it would probably take 6 months to really start getting those 5 rentals a week.

You can write off alot expenses in this business. Income tax is an issue only if you're not scaling.

Thanks!

Thanks! I have a PJ but Nedlands, texas pride and Maxx D are popular

I’m in this business for years trust me This is full-time this is not a part-time adventure by no means

@@ryanwooden783 Yes you can make good money with 1 to 2 dumpsters. Tell your clients to get everything ready to go and you give them a discount you go there with the dumpster open the doors let them load it and get it to the landfill and flip it again and keep flipping it you can take one dumpster and flip it 14 times a week doing it that way but make sure you tell your clients are going to discount it and not charge him a lot of money like the other companies if they do it right away

@@stephendiamond9893 Why do you feel this business cant be done part time? Asking because a family member is interested but has a full time job 7am-3pm and I’m interested to hear your thoughts. Thanks.

That sounds like a great opportunity to look into! Thank you for the channel support! We can definitely do a 1 on 1 conversation about the pros and cons of that business and value through calendly.com/lcsanitation

@@lakechamplainsanitation7226 wow cool. I’m definitely going to take you up on that because flipping houses and running a dumpster company two very different things lol.

Thank you!

We do get the card info and use QuickBooks for billing but we don’t have a route software I do all dispatch myself still

I’ve been listening to “the contractor fight” right now. Very good info about the service based industry

Yes exactly

You would need to look at what your competitors are charging. And price accordingly.

Look at Nedland Industries in Wisconsin. Not the cheapest but definitely the best.

When we used to use bumper pull it was nice because we could hook another truck to it if ours went down easier than a gooseneck

If it's not that much debris Just add it to another dumpster that is closer to being full the dump it.

A little less than that profit wise and it depends on # of employees, wages, insurance levels, equipment cost/ cash or debt basis rent is relatively small and doesn’t fluctuate much compared to all of the other expenses. In my opinion off of $400k you the owner should be able to take between $95-120k salary and still keep cash in retained earnings for the future

You could definitely start with a smaller trailer and the 1500!

I was just looking at my insurance bill for my F350 DRW and it's over $1600 a year for personal use and that's with a multicar discount and clean driving record with over 35 years experience. Who do you have for insurance?

Price of steel has gone up, so has trailers and dumpsters.

I seen a rolloff trailer and 3 15 yard dumpsters for 30k $400 A month in PA. I can't remember the name of the company but it was a Google search and it popped up it was a PJ brand.

I haven’t seen one of this time move a shed but I’m sure you could modify it to do so

IF you got a rolloff dump and truck and need $ you just lazy, as far as business everything take time but i dont see how u can fail

In NY

We use the dumpsters for cleanout jobs when they aren’t rented out. I like “The one thing” podcast and “built to sell” is a good book

@@lakechamplainsanitation7226 How do you schedule both? assuming you want to rent out all dumpsters that week, how do you incorporate the clean outs

I like it for starting out because it’s brand new equipment for the price of worn out used large trucks like you mentioned. Also you can drive the pickup to the grocery store or the bank when you aren’t making money with it, or tow personal trailers on the weekend. This setup is for the person starting out in my opinion. Until you have proven you can revenue $125-$150k worth of dumpster rentals consecutively I personally wouldn’t get a big truck because of how expensive maintenance, insurance, initial purchase, etc. will be. This set up with dumpster, trailer and truck brand new - $68,000. New kenworth or Mack truck with a 15YD dumpster, and tarper - $140,000.

Thanks for the sub! Our setups do not require a CDL but we do need a DOT medical card (DOT Physical every 2 years at least where we live). We run trucks and trailers with a combo GVWR under 26,001lbs

I’m not sure the insurance would cover you in this style business with a leased 3rd party truck…I’ve never looked into it

@@lakechamplainsanitation7226 I’m pretty sure when you least the truck they have it insured. And you could probably buy some supplemental insurance. And from what he said in the video about leasing trucks they do all the maintenance and after so many miles they give you another truck and I’m not sure about now but I think last year when he made the video he said it was $.22 a mile is what they charge.

Not anymore, when I did it part time with way less equipment it was

@@lakechamplainsanitation7226 I do it part time with a truck and trailer. My insurance is $1800 every 6 months for a million dollar policy.

We used a local PJ dealer

Those were about 15yd

Dump trailers 7x14 like the dumpsters would be between $8,000-$10,000 each. So $40-50k in trailers plus the truck would be an estimate

@@lakechamplainsanitation7226 that's the route i have ben going so far buying used fixing my own stuff as it brakes (ben lucky so far) thanks for making this videos

Very comparable nowadays. It was lower when we started out

We use lots of word of mouth, some Facebook and Google ads

I went to a local PJ trailer dealer

We use a charge card on file system!

If I could buy a decent used one then probably yes

We typically just double the cost unless it’s over 3 loads then we will do a slight discount if we know in advance it will be a multiple dumpster job

@@lakechamplainsanitation7226 Thanks, appreciate you taking the time to answer.

LLC Is no required but at least a DBA is dot and commercial insurance is

HD truck for sure

We try to stay within about 30 miles of the shop

I am looking at the same. Who did you decide to purchase from? Are they local too you? Thanks

@@tinysparky I was going to buy from the equipment from Texas Pride in Madisonville TX but it’s looking like im going to end up buying a business. I ran into a guy that has a trailer and 10 dumpsters and wants to sell his business. Where are you from?

Typically 1 - 4 tons depending on the type of debris we are hauling. We don’t haul full loads of dirt or concrete though just small loads of those items

Depends on what you’re hauling anywhere from 7,000-12,000lbs usually in our case. We used a 2500 gasser for a while

@@lakechamplainsanitation7226 thank you for your reply

Nope not for this setup

Dump it

He doesn't do FEL. Only Residential curbside Trash removal services with recycling ♻️♻️.

A landfill

Word of mouth and some free Fbook posts is all I used to start out. And yeah now I’m at $6300/yr but with 3 trucks, 3 trailers and 7 dumpsters covered.

@@lakechamplainsanitation7226 you think someone could sell 250+ rentals a year that way?

@@Lifes_Apprentice yes, I also have a decent sized residential hauling weekly pickup business so if someone had the same thing they definitely could.

@@lakechamplainsanitation7226 i dont think this is realistic for a new startup. sorry.... i love your channel and watch all of your videos but giving people false hope potentially is not right. thanks for not deleting my comments and i am not commenting to be an asshole, even if it seems that way. i just feel it can be misleading. having an existing customer base gives you a leg up on someone new. if you have ever watched my videos you know i despise misleading content. not saying this is because it is possible but very unlikely

@@Lifes_Apprentice I disagree entirely, I barely pushed and sold over 300 rentals last year doing everything by myself including book work, marketing, phone calls and servicing my at the time 450 customer account base and only had 4-5 dumpsters all summer. I’d say 40 of my rentals were to existing customers the rest were 1st timers. If you’re a hungry entrepreneur and know how to brand a business you can do it, Anybody can , 1,000 rentals now that’s a stretch but a couple hundred in 365 days is not.