My Dumpster Business is LOSING Money! I Don't Know What to Do
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- Опубліковано 26 сер 2024
- When building a dumpster business, it can be a delicate balance! Not only am I running a dumpster business, but I am also heavily invested in real estate. So I'm spreading myself too thin! It's time for me to focus.
I have decided I need to double down on the dumpster business and possibly expand my fleet instead of running on such lean inventory!
Business is obviously growing quickly! It's just a bummer that the demand is outpacing our capacity for available dumpsters.
So now I want to you expand my fleet of dumpsters, hire more drivers, and dive deeper into junk removal to keep up with the demand. 💪🚚
Now I just have to decide if I want to expand with my existing equipment, including the MAXXD Dumpsters and trailers, or move to something else entirely!
Things to consider are what type of diesel truck, if I want to have a fleet of small under CDL trucks, multiple large trucks, fuel mileage, insurance, payroll, competition locally, dump prices. It's a lot to consider, and every day I drag my feet from growing, I'm leaving money on the table.
I remember when I started making dumpster videos and people told me I didn't need a roll off dumpster trailer. They said "just buy a cargo trailer!" They said "just use dump trailers!" I didn't care. Then they said "you should get a roll off truck!" Now they say "I cant believe you don't have a hooklift and bigger cans" Stick to what works for you and don't get caught up in the new so called "FADS". Get more dumpsters if you feel it is the right move and keep making money. Standard rail trailer is the only thing I would reccomend if you were to change anything. I would not buy the MaxD roll off truck if you want to upgrade... It will not change your business in any way IMO...If you want to upgrade go standard rail or just keep on trucking with what you got. I watch your videos all the time and I rarely comment but this is my 2 cents and who cares what other people say YOU need. You know better than anyone else. Keep up the good work! I am watching and think you are doing great
Dang dude, you literally summed up all my thoughts in this comment. I appreciate your insight and chiming in! I'm just trying to keep my head down, and plow through the noise!
What you said at the end is the summary of your whole speech the fact that if there's issue with a truck you can always rent a truck and keep moving the trailers. When the lift unit is part of the truck you're screwed with a breakdown not only that the hook lift is the absolute worst roll-off system built over 20 cubic yards everything you were doing is under 20 yd you best bet is to stick with the roloffs trailers and moving weird pains twelves and tens you can accommodate anyone. The leaner you stay the better and cram as many container runs daily as you can with one truck keep your margins High you should be focusing on purchasing a Reload garbage truck with a winch and get as much trash in one load to take the dump as possible and use the roloffs as a complement to the rear load business. Roloffs are a loser anytime you have to handle the trash twice you're already losing money and if you're leaving container for more than a week at a location you're losing money
@@rollingops There is alot of noise out there nowdays in the dumpster business. Keep doing what you are doing. The best way to pay for more or new equiptment is to increase revenue, and in order to do that it sounds like you need more dumpsters
@rollingops if you ever decide to go to a system that is mounted on a truck chassis pay attention to the weight of the different types of systems. A hook lift subframe weight will decrease the actual weight of GVWR of the chassis that it's mounted to. A system that I used to deal with is SWITCH N Go which is the same concept as your trailers but a bit different. At the end of the day man you do you and what is best for you, for your family, and your company.
Are you interested in teaching a dumpster rental course for a workforce development program
So I've owned a roofing company for 30 years. We do allot of remodeling as well as rentals, storage facilities and a few other businesses. About 20 years ago a guy in our town started marketing 6 and 10 yard boxes to contractors and killed it! Still is! He used an F350 hook truck. What made it soo nice was not just small boxes which is all guys need for a bathroom remodel or a homeowner cleaning out their garage but he got a premium per ton and never broke driveways. 6 wheeler trucks with a 20 yard box full of shingles are driveway killers. We us dump trailers now just for that reason. I would get some small boxes so you can get more money per ton, smaller boxes take less yard space...
You make good content, your kid is gonna grow up faster than you think. Spend as much time as you can with your kids. My son is 3 and it seems just like yesterday he was your kids age.
Man, I needed to hear this, thank you for the reminder!
I have watched your channel from the very beginning, I actually found you through your buddy Kyle and you had a lot to do with me getting into the business. I have been In business for almost 2 years and I still look for your uploaded videos daily. I started out with 10 U-Dump dumpsters and actually grew to 20 very fast. I had a trailer set up and I had a ram 5500 with a bed for my dumpsters kinda like you showed. I just made the change about a month and a half ago we switched to hook lift and I’ll be honest I am absolutely satisfied. It’s was a hard decision leading up to actually doing it but it was one that I will forever be happy with. I see a few things that you could honestly probably benefit from even the hauling of your equipment. I have had the ram with the bed and it was nice but it does has down falls. I’d be more the happy to share with you what I have learned and some of my deciding factors as it’s something I have done very recent.
Do the Ram 5500 / MaxxD roll off cable pull set up! You got the inventory keep it and utilize it my friend 👍
That's the plan in my head right now!
When you order new dumpsters just order them with cable and hook option. Helps when you go to sell also.
Won't work. Hooklift and most trailer dumpsters have different frame spacing
Yep - the downfall of the majority of the modern trailer setups @@hvy1ton
Don’t stress about it too much man, your young and smart. Your have a good running business and it will continue to be successful. I say you get more dumpsters so you can get more money and then with that money start investing more into real estate. I would focus on the dumpsters and your “stress problem” before any more real estate!
Good priority setting for sure! Makes sense 🤔
Hey man! You have been a huge help in my business. I was in your shoes about 3 months ago. I have 12 Max d cans and 2 trailers. And I was deciding on going all in and keep buying more Maxx d bins. It took me awhile to make up my mind. But I decided it was not the best move to expend my business. There are lots of factors that made me go to hook truck. Things like Bin price, Mpg,Efficiency is huge, and I do have to say I am a firm believer, in the credibility factor it brings a business in my market. It was long nights of figuring out how to make the move and float my equipment while running new setup.
Keep killing it. Everyone’s markets are different and Maxx D makes a good system and I was truly going to look into the new truck bed system and even build a custom one. But the truck just does not have the value a hook truck has.
Excited to meet you down in Texas. Your videos have always made me want to do better everyday!
Difference is gvw.
Get a 5ton hook truck with a few bins and you can run 2 bins at a time... one on the truck and one on the trailer.
I do that with my hooklift. I run around doing curbside got junk style pickups with the back trailer bin, and the hook bins are for dumpster rental. You can also do it the other way around. Just weigh in twice if you need to bill your customer separately for a rental
What's the difference if I have a 5 ton maxxd truck, pulling a trailer? I already own the bins?
I just found this channel as a young entrepreneur and I am loving what I am hearing. Subscribed!
Hope it motivates you or gives you ideas!
@@rollingops Agreed, I am focusing on a niche such as yourself but I am struggling to acquire equipment. Given the nature of the business, each job is not a big pay day. Most I may get from a single job is $500 - 1k. I am thinking about getting a loan of some sort. Need an enclosed trailer a few other big money items. maybe like 8k in stuff. I have trucks covered though. Any creative tips to get financing? how did you grow your client base?
In Poland I always saw small bins and the truck had a frame that lifted them on four corners with chains.
We have a few around here like that! Mostly used for scrap metal or earth moving material
Hook lifts are better for speed and space. You can get into tighter spots.
I checked your website. I might look at changing your pricing structure. You charge a one day rate then do a 2-3 and 4-7 day schedule. This is basically giving days away. For example as soon as you give a range for one price you are losing money. With 4-7 days a customer gets three days free. Consider the daily rate then add a fee per additional day. Customers will tend to keep the can longer than they really need if it is free.
Do you charge cancellation fees, driveway damage insurance (use something like Roliskates for a fee), specialty items etc.?
To pick up extra business offer a two dumpster deal. Sell to contractors who would benefit with two cans on site instead of one big one. Many advantages here. Allows you to compete with the bigger guys and actually provide a more flexible and efficient solution for the client.
If worse came to worse would you "rent" cans from another provider? As long as you don't lose money may ne worthwhile to keep client happy.
Get the smaller concrete cans for concrete, bricks and dirt. As long as you don't allow them to round over the top of rails you would be good. No concrete washouts though.
For residential customers, change the rental term to 2 days , most can load their junk in 2 days. Keep rates the same - this would have the same effect as having three times more dumpsters.
I like that thought process
A dedicated truck for only rolloff of a specific dumpster cannot be easily rotated out. A normal pickup is easy to find and buy/sell. I am set on the trailer with normal pickup combo; availability and serviceability.
Man, there was an auction in my area were the city got rid of a ton of dumpsters, both small and large for scrap value, we got 3 for for $900. Wish I would have seen this earlier. Good luck Brother.
$900 for 3 roll offs? Steal!
Good points. Spot on where you said there is lots of slightly used maxxd equipment for cheap. I would do whatever you feel is right for your business. The only part I get hung up on with keeping a truck and trailer setup is the fact that a new diesel pickup is almost as much as a big rolloff setup. That being said for me a pickup is more versatile as I can use it for personal use as well. Love the content!
That's how I feel as well! Appreciate you watching!
I have a MaxxD setup with 9 dumpsters. I just pulled the trigger on a used hooklift with 11 dumpsters for the same exact money as the trailer and ram truck setup. The hook dumpsters are 1/2 the price of roll off dumpsters and much heavier built. My decision was easy due to working mostly in cities with tight driveways/alleys making the trailer a bit of a nightmare at times. Good luck in your decision! Love the content
Dang, sounds like you got a deal!
So I spoke to somebody from a dumpster manufacturing company, she told me they can mount matching rails on a hooklift truck and make cans that can be ran on both cable and hooklifts. As for cable and hooklifts, a few things I have seen hooklifts do that make me jealous. I've seen them place a can on an elevated surface which was perfect because the drive had an incline, also park them and pull them off the street with cars around without having to find the owners of the cars parked in front of behind them.
I'd like to see what that looks like, trying to picture it
I posted a reply but I think it was taken down because it had a link. The company I spoke with was Box Gang in Houston. Long story short they said they could match Texas Pride rails on a hooklift truck and make cans that can operate both hooks and cables. I linked a picture of a listing on a famous E Bidding site. The company was W&S, if you look up the E Bidding listing type in "12 Yard Roll Off Container Tub Style Cable Hook And Hook Lift Roll Off Dumpster". The listing with the black dumpster gives you pictures and drawings of what they look like.
awesome work.. in the future would it be possible to talk the city into renting the dumpster bags for most of the cleanup...and use 1 dumpster for the scrap metal? would also be nice if you could use your yard as a tipping station for yourself and crush down the loads..into 1 large dumpster to make your dump runs with.. and separate loads with dirt/ rock to take to fill sites ..keep up the great work!!
Great suggestion! That's actually what we're kinda working towards!
Channel is very inspirational and I thank you for it. The thing I would check on is about the chains being inside of the rub rails.
Yea I need to work on that, appreciate you watching!
I would buy a few more Maxxd dumpsters to hold you over and then get whatever long term set up you actually want when you’re ready. Get one truck and 3 bins, still have your trailer and those bins, continue to buy new bins and more trucks as you go. My mind is always thinking about all the options, making the best decision, learning about the entire market just like you. We brought home a 2024 freighliner grapple truck last night. Been researching for months. Whatever the truck is that will take you to that next level long term, then that’s the truck for you. Again I would just buy a few more dumpsters until you’ve for sure decided what that next expansion step is. Good luck as always!
That's a good point, the trucks aren't quite the problem yet, the shortage of dumpsters is!
don't buy the first truck setup max xd until they work some kinks out. hook lift are quicker and let you maneuver into tight spaces, but that new setup is nice and lets you continue with existing inventory. as far as your real-estate vs dump trailers, people need a roof over their heads not a dumpster when a recession hits.
Dang, I like the advice in the first sentence and 100% agree with the last. Solid points!
@@rollingops look for recession proof ideas for your dumpsters, who cares if they sit a customers location as long as you can bill for it like a hospital or school. think more passive, less moves equals fewer moving parts i.e. employees, trucks, maintenance. plus you will always know when payments will be coming in. might want to consider the smaller roll around dumpsters you see at offices even?
@jonathanrighetti5897 you nailed it. There is a separate reason I'm not 100% invested in going bigger in the cans. And it's because I'm eyeballing a buyout of something "smaller" if that makes sense. Time will tell. But it will dramatically change my business if it happens.
Tinker with custom fabricating a unit for the old Ford....Building, repairing, and making what you have available functional is the best option in my opinion! Film it right and you will get a whole new venue of YT followers! 👍😁
Wouldn't that be funny, if the channel takes off more than the business, lol
Hey Clayton, it sounds like a great idea to get maybe 5 more dumpsters and possibly another trailer setup, but that being said, if you're running 90 dumpsters a month with your customers and that's figuring you're using 10 dumpsters to hit about 60 deliveries a month now, if you have 15 dumpsters, then 90 customer deliveries might be your new normal, so in your experience, does that mean you need another trailer and/or another part time or full time driver? What are your plans for expanding the tractors down the road too, because you seem like you rent those out consistently as well, so eventually, maybe 3 tractors of each variety, 3 skids and 3 excavators? Then you've got your storage to get going on and that big dump truck restoration or project, so no lack of things to do and places to tuck your money for reinvesting! All the best Clayton, keep hustling my friend and really enjoying the channel and your successes! Brian
I think you're right from the start Brian. I honestly don't even need to "upgrade" anything until I have 5+ more dumpsters at least anyway. And from then I'd likely add a rig that can haul my existing equipment along with another driver.
But yes. As I get the dumpsters purring more, I'd like to add more equipment. Especially jow that I have more room in the shop. That's what I was waiting to have access too, before adding much more equipment for anything!
If you go with the truck with the max xd cable tilt on it, you could always pull around your trailer with that truck too. Do multiple drops/pickups
YEPPPP!
@@rollingops I woke up this morning and was like "Wait a second....he'd have to have a bumper pull trailer...." *laughs* I'm a moron.
@ontariodrone379 yea, but that's not a hard thing to switch into! And if I had a truck with a bed on the back I'd likely get one for that exact reason!
Get a hoist upfitter subframe. have someone take off the hoist on the trailer and upfit to the truck. People have done it by me. They run these PJ / MaxxD bins on a truck by doing this.
That's the direction I think we are headed
Here is a saying that I live by in my business. “ if it doesn’t make dollars, it doesn’t make sense” in other words if spending more money on something doesn’t generate more revenue, then it’s not worth the purchase.
@@affiliateshortcut I love it
Keep the setup you have and just buy more dumpsters lol. It’s obviously working for you. And the only problem with those trucks that can haul the dumpsters right on the back I just that. That’s all they can do. With your current setup you can hookup any truck to any trailer go to work drop the trailer at the end of the day and your done. Just my opinion truck and trailer just always makes more sense to me. As a contractor that’s what I’ve always worked out of while previous generations had vans or box trucks then also paid for person vehicles.
That's exactly why I wanted the setup in the first place but you have the noise of everyone telling you that it's "not the best"
Good business growth information! 💪👍
Thanks!
Renting to the city is like renting to contractors.. in my area we expect 30 days on a dumpster and if we need longer we’ll call, just gotta keep building inventory
30 days? Wowza. No one here would rent one that Long
we've got two local dumpster companies in my town (apart from waste management, fuzion, gfl, all the big guys), they run almost exclusively dodge 5500 chassis cab hooklifts, that's definitely the way to go for upgrades especially if you're focusing on dumpster turnaround as opposed to can size
Yea, I like them especially because most of our dumpsters are 3 tons or less. But we have the trailer for the occasional beast of a dumpster.
I was always told that buckets need to be strapped down also and the chains have to be a 70. Or any attachment has to be chained.
Yep, biggest takeaway is my lack of chaining the bucket!
I'm in the business here in Dallas and our market thrives on the 30 yrds for construction sites. You have your market with the smaller containers and you should continue to use them. Your biggest factor is distance to the landfill so gas is going to be your biggest cost not to mention the rate of return on a larger truck with an even larger cost to operate. Invest into more smaller containers like you have and get to where you dont have to turn away customers because you dont have inventory. Your rate of return for paying off your containers is going to be quick. You will be on the plus side and making more money as well as having tax write off for equipment purchase. Its a good problem to have. I would look into getting a better deal on your containers by agreeing to purchase more in the future in return. Worth looking into. Good luck!
Really appreciate your insight, especially since we are doing the polar opposite. Because you're right, every market is very different!
@@rollingops I see you do a little bit of everything as well. If it works for you great and if you are losing money get rid of it or figure out a better price point to make money. Might be worth it to find a staging yard closer to the landfill to cut your drive time potentially especially if you have to drive all the way back just to grab another can. Staging yards can also help when you need to do a delivery or change size containers because you have a different one on your back. Not sure if you are doing everything solo but looks like you could use another driver or two and really get things moving.
@@rollingops also talk to your landfill and see if you can negotiate a lower rate for bulk disposal. Maybe they can offer a lower rate if you can agree to so many tons. Not sure how many disposal options you have but it can help save money.
@richardpope71 this is hilarious because I just got off the phone with a landfill I don't usually use and they are talking about cutting their price in half. It won't change what I'm already paying somewhere else. But it does change the distance I will travel within certain radius. Then we got on the topic of them dropping 40 yarders for us to use on a transfer ramp. So yea, this is exactly the direction I'm looking at. 👌
@@rollingops Dallas landfill does price increases more than once a year and your rate depends on volume. Yours is the opposite which is a good thing.
I got 14 dumpers I'm running with 2021Chevy 4500 with a 2022 Lonestar trailer system that i cut up and put it back of and it works flawless just follow your first mind buddy.
That's what I love to hear, thank you!
I know a guy intown here that mounted his trailer setup on a small Isuzu cabover and he is ALWAYS busy.
Man i am busier than i have ever been. We have 4 dumpsters, but we have been running like crazy!
Good problem to have!
I like the way your thinking and I think the smaller dumpster is where it’s at, I don’t know what your clientele is as far as who rents from you but I can say this most home remodeling companies at least where I live like the shorter less bulky dumpster’s, so I would say keep rocking the shorter ones and as far as the hook truck goes maybe get one of those rail systems for the truck to test it to see if it is going to be that effective for your business to warrant going full blown and getting a few of them.
Yep, I like that thought process as well
Thanks for the inspiring content, I have a couple thoughts, first off the truck looks like a great option when it becomes available, I would consider keeping both of your trailers, because the truck won't likely be able to handle the loads that you have picked up in previous videos. I think it makes sense to keep the current set up you have if you can and add to the fleet once that maxxd truck is available, you can use it to focus on the 24 hour 8-16 yd bin rental market.
My second thought is this, have you considered picking up 3 or 4 dumpsters to leave at the yard and "selectively" dumping and sorting on site? I would think building in a mini-transfer station would be low cost to you with the machinery you have available and it comes with the rewards of minimizing trips to the dump, reducing fuel and dumping costs, keeping more money in your business, and recycling even more metal than you already are. Obviously you wouldn't want to dump every bin in the yard because of the contents, so key word being selective.
Yes, yes and yes! I probably will keep both trailers. Or sell one to get a newer one. I like having them, especially if my employees are capable of using them. I want to upgrade one to heavier axles and an auto tarp. Possssibly, even a bumper pull, to pull behind a truck with a dumpster loaded on the bed.
We have been dragging the project out, but there is an active attempt to build a loading ramp. And with slow seasson approaching. I plan on tackling that, soon enough!
Thanks for watching man!
If it ain’t broke don’t fix it! I’ve thought about a hook truck too but just like you, I can’t make it make financial sense and my current setup works just fine for me. I’m definitely gonna be looking into the MaxxD truck body’s though that sounds like a solution that actually makes financial sense seeing how I’m already setup with them. I say run what you brung!
That's how I feel!
Multiple trucks equals big insurance cost. Those trailers you have are okay, but I would convert them with pony motors with 15k hydraulic winches.
No way I would stop what you have set up already. Most importantly keep investing in real estate
I like that idea, and will do! I just want to grow it all, year after year.
I’m in your same boat. 12 cans, 1 trailer. 60-75 rentals a month. Looking to expand but new equipment will be a under 26k truck. I’ll keep the trailer as emergency back up and/or overflow. I’m going to get 12 more cans with the new truck. Hoping to double the rentals per month. Unfortunately I have to turn away or sub out dumpsters each month.
Yep, I plan to just double down on what's already working!
Once you try the hooklift it will sell its self I drive a single axle freightliner with the swap loader hooklift every day I love it the tight places I can get that truck into is awesome you really gonna have to try it out your self to see the selling point I run 10 15 and 20 yards no problems.
I'm sure they are amazing. But I need to see on paper how something that hauls the same size dumpster as I have now makes me significantly more money. Otherwise, I just don't get it. It might fit in better spots and be faster, but if that doesn't yield significantly more revenue considering the cost difference. I just don't get it.
I'm in the process of switching from PJ to standard rail. Man its been difficult. Everyones market is different. If i limited myself to one week rentals I would not be busy enough. This year i have adjusted pricing to support longer options. Standard rail dumpsters are easily found but I wouldn't switch until you can afford to support both dumpster systems.
Thanks for the honest feedback man! I've heard the switch can be brutal! Best of luck, and like you said, every market is different. Whether that's buying the dumpsters, or renting them out!
Hey don't forget if you get the 5500 WONT require a CDL at least in IL.
Exactly!
If its not broke don't fix it meaning continue with what's working for u thats where most mess up try to grow to fast or go a different route go with what works and expand as your financially able to
Good point!
I recommend selling everything put the money in money market account and work Uber on the Side , 1m dollars bring you 3500 interest per month and if you can make another 3k from Uber that’s better than dealing with this headache. You can do deliveries
You're head is in the perfect space. I also love the vintage truck for the business. You got it made!
Chaining down heard federal law is 4 points over 10k like u said but suppose to chain down hydraulics so like going over bucket and through the front ties on skiddy would count, but a pallet on pallet forks doesn't. But the boom on the mini needs to cause it "could" swing around and come off or hit something. Just throw a strap on it is all something to keep it planted.
Yep! You are correct. I have made a better habit of strapping to the buckets!
So for the chains I'd do a skid steer the way you do it. On the mini I run my chains down the side of the trailer and hook in the holes on the blade and the tie down points by the final drives that way I don't have to climb on the trailer and I get the 4 corners. On the truck topic, I bet max d is going the switch n go way and that's the way I'd go. You could have one truck that could move dumpsters, put a flat bed on, put a dump bed on for stone and switch n go has little box truck beds that you could use like pods. So yea I'd go with the truck and hopefully max d follows switch n go and makes changeable beds.
Look into whole life policies (IUL's) its a good play for taxes and gives a good place to pull some cash from when you need to. Main thing being that you are paying yourself back rather than a bank and you do not loose the compounding capability.
Keep what you have buy a hook truck a 40 yard roll off and a transfer station type compactor. Your pickup truck dumpster dump and go. Add more roll offs as you go. Adapt your dumpster for a hook truck.
One trip to the landfill VS how many light weight trips.
Gotta take your own advice. "The customer doesnt care what kind of truck you drive"
Dang, got me!
@@rollingops they might care if you show up with a lambo with a gooseneck on the roof tho
I'd honestly like to get.on a call with you, I'm 29 and have so many ideas but looked at this.
Your cargo secureent must cover 50% of the load. Keep in mind your binders may be rated for 2500 lbs but what is the hook and or chain rated at. Also, dont hook your chain to the rub rail, it must be hooked into the stake pocket. I promise the rub rail has less strength than any of your cargo securement.
Thank you! I've started to make that a habit!
Save tonsssss of money, keep buying those older pickups to use with your current setup. Lot cheaper and you can work on them
It is easier to fix and get back on the road, no doubt there
Dropping a new 6.7 on that truck would be nice. Also a lot of money 😅
read my mind
If you’re in a rural area I’d stick with the trailers. They are by far the most cost efficient. 5500 isn’t enough truck for 20 yard bins in my opinion because they can get super heavy. As for the customer doesn’t matter. I disagree. People judge. We all do. It makes a difference. I hear comments all the time. The question is, do you care or not. I say for your market i wouldn’t worry about it but the markets near the medium to large cities means a “different” type of person lol. Great vid.
You're probably not wrong! But like you said, if they do care, I don't. Lol. I feel our reputation proves to most that we can do nearly everything the customers in our area needs. And that's all I worry about. But you're right. I need to likely just get more cans for now!!
I think the main difference would be the efficiency of a hook truck and the cost of the bins. Here in KC I can get bins at almost half the cost of a same size maxxd bin.
I currently run a maxxd goose neck as well, other than replacing batteries yearly I love the setup. Not really fond on pulling 20’s on it though so as of right now I only offer 14’s. I plan to get a hook truck soon so I can run more efficiently and offer more sizes.
I would def put pencil to paper before you make that switch. I've seen a handful of guys do the same, and they got out of the business, because their overhead trippled and the gross revenue didn't. Just make sure you're making the best moves possible at the best time!
I see that you offer parking and seacan rentals. Combine the two. If you buy or modify the seacans to have side doors so you can get in and out of a vehicle while inside the can this may be an upsell. Just make sure they are properly vented. Perhaps with solar powered roof fan.
Great video. See you in TX
See you there!
Chains don't go out side the rub rail
Ope, ill work on that, thank ya!
I say keep the style equipment expand on your style dumpsters, because you are in a niche that most people dont want the 30 and 40 yard dumpsters i think that could be a future option but right now if it was me i would stay in my niche expand it till where labor becomes an issue get someone to step in that spot and expand another branch of your company aka the bigger dumpsters, you got the real estate to give you the assets for the expansion on either front
Yes! That's exactly where my head is, I have plenty of things to keep me busy, so I feel I should double down on the things that are working, before I dive into something different!
in my state that machine would require five chains, each corner and one for the bucket.
I recently saw a video where a DOT officer was explaining the correct way to secure a load, the attachments also need to be secure making your statement correct about securing the bucket.
@@minisaba87 Yea I have heard this to, unless they had a modern locking mech. But they never go into detail about what that looks like, so when I take the rig on the highway, I typically lock down the bucket with a chain or strap as well.
I used to tow a backhoe and it took 6 chains@@minisaba87
Agree with five, straps or chains (binders) - remember under 10K you can use straps. 😊
As long as the combined rated weight of your chains and binders, is more than that of the equipment you were good to go with the way that you strapped. No if you do run into a DOT officer, will have to have that bucket strapped separately
Also I’d go with the fleet without the trailer
That's for the insight!
You could expand to construction companies and other companies ghat need dumpsters often.
Match equipment to the jobs.
Have different sized dumpsters also.
I work for a equipment rental company and I haul construction equipment, you right you only need two chains because your under 10k. Use two chains and a strap over bucket, I am going to be at dumpster event next month, you have any questions I can help you.
Thanks for the info! I'll see you there!
You should read the DOT requirements for securing equipment. First 10 ft you need 2 binders straps or chains under 10K over 10K only chains and once you hit 10.1 ft you need a third binder. And even though the bucket is attached to the machine you still need a fourth binder to secure the bucket.
- Then deep in the DOT requirements there's a chance they can stick you with not having 4 point securement on heavy equipment so that would be the fifth binder, that would be needed. Technically that should be over 10K but do you really want to fight that out in a courtroom. If you get cited or worse got in an accident and there was a serious injury.
Just better to 4 point the corners and secure the buckets. -does not matter if it's an excavator or a skid steer (CTL)
Since you work In the industry you should really know the rules.
I would like to know more about this max XD project. Is this something that's out now?
Thanks
I believe it is currently being tested by a couple companies @Maxxdtrailersofficial
You should get one put on a used 4500 or 5500
Leaning that way
Those new trucks and dumpsters have to be close to $100k plus the insurance on multiple trucks.
Possibly, but still way cheaper than hooklifts. I'd likely upfit, something other than a brand new truck
Roll off trucks are a where most companies are at. My friends company has 700 bins. They now have a recycling plant and 50 employees for the last 10 years. He started with a five ton truck 30 years ago . Think big.
700?!?! Goals
@@rollingops yep
How do you keep track of where your dumpsters are and where they need to be (and when)? Is there an app you use or does a spreadsheet do the trick for 10 dumpsters?
My 🧠and calendar - my biggest efficiency goal for 2024 is to change that. So basically anyone can join my team and know the next day what has to get done and when. Without me needing to tell them.
You could buy alot of extra dumpsters for what a new 5500 truck will cost.
A lot of truth behind that!
Buy one truck that fits your dumpsters and see how works out how much better then the trailers
Probably what will happen
Man that was a quick change of direction… I personally think this does work for your situation since you have the cans already. Keep in mind that you still need the 5500’s though. So really the difference is not having to sell your 10 cans… I think for a larger fleet it makes sense. Secondly, STOP INVESTING ALL YOUR CASH into RE… The switch and go system will definitely allow you to hire people a bit easier too.. The only thing hook has on this model is pulling on an angle…. I personally think the trailer setup is not as professional.. Let me explain. About 7 years ago I started a carpet cleaning side business… I did the moveable plugin kind not a truck mount… After the first job I understood why the pros used the truck mount!! Also customers would look at me and even say “is your main vacuum down”? You say they don’t care but they definitely notice..
A 5500 won't handle the weight of a full 20yd3. I the max GVWR you can get on a RAM 5500 is 19,500. Once you install the hoist system on it it will be ~14,000 (with empty dumpster) so you only get ~5.5k payload.
Yea, I should of said f650. I was using the 5500 as an example. But I want it to be right at 26k lbs gvwr
Ok, thats better. I ran two trailers like you, but recently cut the hoist off one and installed it on an International Durastar 33,000GVW derated to 26,000. It is nice not dealing with a trailer full time, and I have the backup trailer for when the big truck is down. Thats a route you should go . Only cost me ~$5k to have the hoist installed.@@rollingops
keep building your brand and if your running local that is under 100 miles from base, keep your rigs under the cdl limits... it's going to save you a lot of money in licenses and fees especially in Illinois. Also keeping everything the same makes it redundant.
Thanks for all your tips starting following , quick question what would be a good under cdl rolloff truck ? And does the dumpster weight put me above the 26,000 gvw limit ?
A lot of guys will buy Mac hook lift trucks and hinos for under CDL. Along with Dodge 5500 and GMC top kicks. all things that you can frame mount hooks or cable pull rails on. Will range from 19,000-26,000 lbs depending on make or model. Isizu as well
You are leveraging real estate to buy and maintain real estate. The end goal is your personal wealth. If your business funds the passive real estate venture then keep rolling as is and funnel capital to where it had the greatest potential return. If you believe that Rolling Ops has the greater potential for wealth then continue leveraging real estate to grow it. Unless you come up with seed money you have to cash flow the growth or cash flow debt service.
All so true!! Thanks for the reminder
I am in California, so having a trailer you are limited to 55 mph.
In the city like Los Angeles, having no trailer makes maneuvering easier.
But having a trailer makes it easier to switch out trucks if one brakes down.
I would say keep the truck and trailer set up and get more dumpster. Then in the future get the truck.
Have the ability to get clients without turning them away.
Is that a real thing? Do they really limit people pulling trailers to 55 mph?? While here in IL and Missouri it's the same as everyone else at 70mph?
Yes CA any commercial vehicle or any vehicle pulling a trailer are limited to 55 mph on highways and are only allowed to travel in the 2 right lanes if on 4 lane highway and 3 or less are supposed to be in the far right. Stupid
If you can get away with it in your state buy used trucks the ones before DEF. Take from me blowing money on new shit and having a large note can screw you in the end.
That's a solid point
@@rollingops I was spending 2-3k on trucks and trailers for a much smaller operation. I hope you have your jeep as a work vehicle also.
Man I would love to pick your brain about where and how you started
Pick away my dude
Hook trucks are easier and faster to load and unload. Saves you time which saves you money. Also if you plan on hiring someone you dont know its a lot less risk than using a trailer in my opinion.
I would just get more dumpsters possibly another truck and trailer.....and it would be cool to swap a 5.9 cummins in that old ford
Good old 5.9!
What brand/model is your winch and what it’s rated for? On your Rolloffs
18k lbs without a snatch block, warrior winch, parent company is DK2
Not necessarily is it profita le to buy more inventory.
Remember the old saying " spend money to make more money". Just don't forget maintenance capital coverage.
You can just take the lift system off of the trailer and adapt it to a truck...
Yep, that's always an option, but I'd like to keep the trailers as backups rather than tearing them apart
You can’t owe more than you bring in every piece of equipment has to pay its own way or theres no need for it
solid point!
Buy into a universal system
Ehhhh "universal" is a weird word now
If you are the official dumpster supplier for the town, it probably means you will have lass hassle with their code enforcement at your business. Even if you lose money you gain in the long run. By the way, if you want to see poor, just look at me. You aren't going to die anytime soon. I think you will live long enough to play with your grandchildren. Since you have a business location with plenty of room, having additional inventory is not a problem. Big commercial trucks work fine in a huge city but the small equipment is best in a shaky economy as we are heading into now. I think you are on the right path.
I appreciate that, I hope this is the path I need to be on!
Just buy more dumpsters see if u could lease a truck like the 1 u displayed to see if it works for you but stay with what you know.
Never thought about leasing
16:47 how much time does it take to always put on 4 chains
What could it cost if you loose a load? Just put 4 chains on error on the side of caution. Thats free.
Solid point!
I recently purchased a Nedland setup. I am having the most difficult time renting cans. Ive went around to Realtors, contractors offices, tree companies and some small businesses without any success. I really need to find repeat customers. More days than not i have all 10 dumpsters sitting on my lot. How did you manage to get businesses on board to rent from you? Do you advertise constantly on FB and Nextdoor or what? Id appreciate any insight to what has worked for you.
The biggest and most important thing is to show up on Google with the best reviews. Because when they need your service, they will google it. They don't even have to think about it
@rollingops I totally agree. I have been working on that since July. I hired a SEO person for $500/month but haven't gotten 1 call from my investment. Google Ads ripped me off of over $2k in 2 months for something I supposedly agreed to, but I was actually getting calls from it. The problem is they charge $64 or more whenever someone calls me! I didn't even answer half the calls they charged me for. I don't understand how it works. I've reached out to contractors, storage unit businesses, Realtors, small businesses, ect and still no calls. It's very discouraging. there isn't even a flooded market of rental businesses in my area.
@@tomcat5986you're not answering the phone half the time? 🤔
Here is what i think.... a hooklift truck ain't gonna increases your sales just buy buying one. Plus you will make the same money as a truck and trailer set up...
Summed up my thoughts in 2 sentences!
Have you ever had to deal with stolen dumpsters or lost lol how do you handle those kinds of situations
Nope, not yet. Luckily my rail system doesn't match the "big guys" so it's less likely. Doesn't mean it won't happen eventually
Your open top truck can also be rented out at a dumpster if its a dump bed or as a clean out vehicle
This also opens the idea of a box moving type truck for clean outs
Where your removing usable waste you can turn around and sell like Got Junk does.
Some of that can be resold. Some donated rest dumped in the trash.
Offer a huling service like lets say jim
Definitely tough to sell your stuff to only be taking a step back and have less inventory. How much are maxx-D dumpsters? I always thought there are comparable in prices. You sell 10 of those and would have 8 standard rail dumpsters? I had a roll-off trailer and went to a hooklift and its just so much better, everyone says that as well. I personally found a good deal on an old hooklift, if i was to buy a newer hooklift, (they cost alot) I probably would have stayed with the rolloff trailer. Idk man. Can get some more affordable cable pull trucks, dont necessarily have to get a hooklift. The trailer setup is definitely a pain in the ass haha
The way to make most profit is keep the dumpsters eorking 24 hours a day 7 days a week. If they don't work they don't bring money in. Get customers first.
With that 750 are they 10.00-20? If so you can swap em out for 22.5 Daytons and get rid of tge split rims (lot safer😂) the low pro 22.5s should fit just fine too. Also tge two 550 I've ran 16,17 both gvw out at 19,5 unless u can get em rated higher with different factory options. I'd keep trailers and get more cans or get a setup on a 5 or 7 ton🤔
I absolutely need to swap out those wheels and tires! Chrome?
@@rollingops all the ones I've dealt with are steel so u could paint em chrome but they won't aluminum chrome.
You just do you and trust your visions, great old Ford truck. Great videos too.
Appreciate you!
If you could do it differently, would you have started with a hook lift. Great video by the way.
I battle that question a lot. I'd still say I'd do it the same.
With 2 trucks, 2 trailers, and 10 dumpsters. I still have less invested, than some have invested in 1 single, new hooklift. And that's not really being dramatic either.
Keep in mind I've been doing this a while, so I bought my equipment at a time the trailers and bins were cheaper too.
And I'm still putting some of them out of business. Process and customer experience is 10x more important than the power unit being used.
@@rollingops Exactly! Two trucks, Two trailers for less than a hook lift. Got to meet you for a brief second right at the end of the showcase, when I was talking to Misty. Too many people, so little time. I wanted to talk to John Cook about this vs his hook lift, but he already proved my point when he said one of his tires cost $600 and some other things he said.
@BackRoadBound yea, I've heard is argument on why he thinks that. And I just agree to disagree. I believe it's a preference thing, and each person justifys their decision. But to me I just look at the money on paper. If I'm offering the same dumpster, at the same weight. And have no interest in going up in size. It kinda is a no-brainer for me.