Man Mike! We were just talking about looking in to buying a used skidsteer yesterday!! We were discussing this point exactly, thank you for the formulas. I don’t care how short you are you are a giant among men!!😃
This is a good piece of advice most wouldn't take for the wrong reasons. This is year 3 for us and we still haven't purchased a dump trailer yet. We simply have the material delivered to the job from the supply yards. That may change this year ONLY because we are growing and need ways to haul bigger loads to the dump more efficiently. Love your content as always.
Hey Mike. Great video. Would you ever be open to making a video discussing employee benefits. I’ve heard of you speak of it in the past, but it would be nice to hear a more detailed breakdown of what types of benefits makes sense at a particular stage of business, and which benefits should be included from the start. I’m curious specifically about sickleave and paid time off.
If I’m a small lawn care operation, a single one truck crew. Should I have two aerators instead of just one? Same as for a power rake machine? I make money from them but don’t use them full time year round. What sucks is when I need to repair something quickly! to get it back in service. Now with parts taking time to get to me I’m considering it, but looking for someone else’s opinion? Anyone?
You can rent a baby excavator (2.7 ton) here for about 700 CAD/day (500 for excavator, 140 for local delivery and 60 for fuel). That is for 10 hours max. I have a 6 ton excavator and charge 90$/h for excavating services plus floating.
I just started offering aeration. Ideally id want to get a bunch of aerations scheduled for one day so I could spread the cost of that rental to multiple clients. The problem is that I am gambling on getting a bunch lined up for a day. Therefore, should I include the entire cost of the daily rental for the first person I quote?
Back in the day when I was starting we would rent it and stack 20-30 aeration’s in one day. Then a few weeks later we would get any stragglers that came in late
that is great advice i always say if you don't use it at a minimum of 150 hours a year sell it and you should not buyit if your not going to use it more than that
You really need to keep machines busy almost every day to justify the payments for trucks and trailers needed to haul them around. And then a place to store them and the time of maintaining it especially when unfamiliar with heavy equipment and in over your head on payments like many new business are so to afraid to make repairs if needed. I personally think Tigran rented or leased that 304 based on the numbers on back left panel.
Hey mike, quick unrelated question. Do you guys do a newsletter to your customer base? Wondering if I should start doing a monthly one now that I have over 100 emails
My dads skid steer rent is 2100 a month if he buys one his payment is 1400 a month he puts over 500 hours a year or more! Mike what advice do you have on this ?
@@MikeAndes Ive have been telling him that for 3 years lol. Is that skid steer that used bought used a Takeuchi t130? We had one similar to that one before lol!!
I have to disagree on using the engine hours to determine if its worth it rent or buy. Tigran mainly does hardscape and concrete work and those machines excavate and prep for install in no time ! He can install 3-4 concrete driveways in a week and have 6 hours of run time on that mini ex
@@MikeAndes How would it be better for Tigran to rent a machine ? He slams out huge Hardscape projects ? He probably has a 1500 mo payment and to rent that machine it would be $500 a day
i bought mini ex, for 9k new. "chinese brand". First job i used for 11 hours over the course of 2 weeks, since its mine. We hop on it as needed. btw i got 2 jobs in the same neighborhood , becuase they were impressed we had one. "look more professional"
This is a really good video ! Perhaps you can explain why T gives away so much larger equipment. I operate my construction company in the same city as Tigren and there are dozens of large scale operators here, yet none of them give away their equipment. None of them have UA-cam channels. How is it profitable for Tigren to give away so much equipment rather than selling it ? I do enjoy Tigrens channel however.
His goat gang (which you need to be a member of to get the equipment) makes tens of thousands a month from the subscriptions. He entices people to join the goat gang by providing prizes.
I am not a huge fan of renting. Hear me out. When you don’t have the equipment on hand. You are less willing to go through the hassle of renting a machine and just “do it by hand” losing productivity. If you do rent the piece, there can be delays, not the exact right piece available, it’s wore out or broken, you are not familiar with the machine and need to have a learning curve. When you rent, it’s a rush to use the machine as quick as possible to reduce the cost of the rental. Your stressed that you might need an extra day and lose profit. Pros of renting. If you are just starting out you have no choice. You don’t know exactly what you need and buying the wrong machine can be a huge headache. Trying a machine on a rental is a great way to see if it’s right. Though most dealers will let you have a demo unit for free if your serious about buying. If you have a job that needs a specific machine and your machines are too big or small. By all means rent it for the one or two days you need it. Less maintenance and costs when breaks down. However you still lose time on job and rental companies won’t pay for that. When buying a machine. It’s yours. You know what it can and can’t do. It’s always available and ready to go. You use it whenever possible as it’s just sitting there and you find new uses for it that you wouldn’t if you had to go rent a machine. If you have a shop/yard maintenance is easy to do in down times. If you don’t have a shop/yard that’s very difficult and renting is worthwhile. Over all I think if it’s a once or twice a year use rent. If you don’t have a shop and are just starting out then rent. If you are established and it’s used often buying is hard to beat. I’ve never bought a piece of equipment and been frustrated that I bought it.
Tigren is cool but I think he cares too much about having nice shiny equipment and rigs. That’s why he has $20,000 dump trailers just to haul equipment. Of coarse you won’t your company to have a clean appearance but it isn’t very scalable.
I've started listening to you lately I like your approach ....seen your truck in my area as well I admire your system...only reason I say buy is to pass things down to my children
Regardless of his additional streams of income, he literally shatted 67 grand down the toilet. Like he would have been far more entertaining if he posted a video of him in front of a bonfire burning batches of $100 bills… Insane!
Hey mike? What he didn't mention is that machine is a turd! That's why he's getting rid of it! He's known for making bad decisions with equipment purchase's. I tear him up in the comments
Man Mike! We were just talking about looking in to buying a used skidsteer yesterday!! We were discussing this point exactly, thank you for the formulas. I don’t care how short you are you are a giant among men!!😃
Funny.. but true
I’ve been searching for one too… prices everywhere are nuts! All types of equipment.
😆😆😆
You are one of the only guys in the field that show the truth behind the business and highly recommended your content to anyone beginning.
This is a good piece of advice most wouldn't take for the wrong reasons.
This is year 3 for us and we still haven't purchased a dump trailer yet. We simply have the material delivered to the job from the supply yards. That may change this year ONLY because we are growing and need ways to haul bigger loads to the dump more efficiently.
Love your content as always.
Hey Mike. Great video. Would you ever be open to making a video discussing employee benefits. I’ve heard of you speak of it in the past, but it would be nice to hear a more detailed breakdown of what types of benefits makes sense at a particular stage of business, and which benefits should be included from the start. I’m curious specifically about sickleave and paid time off.
As always great subject insight. Thanks for the owning/renting calculations. Love the bloopers.
I see you out there getting rolling in TX ✅👏🏻
Great advice and the bloopers were funny.
If I’m a small lawn care operation, a single one truck crew. Should I have two aerators instead of just one? Same as for a power rake machine? I make money from them but don’t use them full time year round. What sucks is when I need to repair something quickly! to get it back in service. Now with parts taking time to get to me I’m considering it, but looking for someone else’s opinion? Anyone?
The dealers say if you do over 300 hours a year you should purchase one
You can rent a baby excavator (2.7 ton) here for about 700 CAD/day (500 for excavator, 140 for local delivery and 60 for fuel). That is for 10 hours max. I have a 6 ton excavator and charge 90$/h for excavating services plus floating.
I just started offering aeration. Ideally id want to get a bunch of aerations scheduled for one day so I could spread the cost of that rental to multiple clients. The problem is that I am gambling on getting a bunch lined up for a day. Therefore, should I include the entire cost of the daily rental for the first person I quote?
Back in the day when I was starting we would rent it and stack 20-30 aeration’s in one day. Then a few weeks later we would get any stragglers that came in late
that is great advice i always say if you don't use it at a minimum of 150 hours a year sell it and you should not buyit if your not going to use it more than that
Mike, thanks for this helpful video. Perhaps you could put together a video about your thoughts on leasing equipment. Take care.
This is going to be a good summer
Sunbelt walnut shell sander for wrought iron railings
You really need to keep machines busy almost every day to justify the payments for trucks and trailers needed to haul them around. And then a place to store them and the time of maintaining it especially when unfamiliar with heavy equipment and in over your head on payments like many new business are so to afraid to make repairs if needed. I personally think Tigran rented or leased that 304 based on the numbers on back left panel.
Hey mike, quick unrelated question. Do you guys do a newsletter to your customer base? Wondering if I should start doing a monthly one now that I have over 100 emails
Absolutely 💯
Love the out takes! If I attempted what you are doing, my entire video would be out takes...
😅
My dads skid steer rent is 2100 a month if he buys one his payment is 1400 a month he puts over 500 hours a year or more! Mike what advice do you have on this ?
That sounds like a good reason to buy one
@@MikeAndes Ive have been telling him that for 3 years lol. Is that skid steer that used bought used a Takeuchi t130? We had one similar to that one before lol!!
I have to disagree on using the engine hours to determine if its worth it rent or buy. Tigran mainly does hardscape and concrete work and those machines excavate and prep for install in no time ! He can install 3-4 concrete driveways in a week and have 6 hours of run time on that mini ex
I agree. Except using that math…He would need the mini for 10 weeks of that schedule to hit 60 hours.
He has had it for 150 weeks
@@MikeAndes How would it be better for Tigran to rent a machine ? He slams out huge Hardscape projects ? He probably has a 1500 mo payment and to rent that machine it would be $500 a day
i bought mini ex, for 9k new. "chinese brand". First job i used for 11 hours over the course of 2 weeks, since its mine. We hop on it as needed. btw i got 2 jobs in the same neighborhood , becuase they were impressed we had one. "look more professional"
This is a really good video !
Perhaps you can explain why T gives away so much larger equipment.
I operate my construction company in the same city as Tigren and there are dozens of large scale operators here, yet none of them give away their equipment. None of them have UA-cam channels.
How is it profitable for Tigren to give away so much equipment rather than selling it ?
I do enjoy Tigrens channel however.
His goat gang (which you need to be a member of to get the equipment) makes tens of thousands a month from the subscriptions.
He entices people to join the goat gang by providing prizes.
Stanley has given prizes too
@david houlihan Has he given $50,000 skids ?
@@siliconvalleylife2.048not quite though he has given 19000 lawn care setup
@@WeykampLandscape I see, but joining Goat Gang doesn't get them a contractor's license.
I am not a huge fan of renting. Hear me out.
When you don’t have the equipment on hand. You are less willing to go through the hassle of renting a machine and just “do it by hand” losing productivity.
If you do rent the piece, there can be delays, not the exact right piece available, it’s wore out or broken, you are not familiar with the machine and need to have a learning curve.
When you rent, it’s a rush to use the machine as quick as possible to reduce the cost of the rental. Your stressed that you might need an extra day and lose profit.
Pros of renting. If you are just starting out you have no choice. You don’t know exactly what you need and buying the wrong machine can be a huge headache. Trying a machine on a rental is a great way to see if it’s right. Though most dealers will let you have a demo unit for free if your serious about buying.
If you have a job that needs a specific machine and your machines are too big or small. By all means rent it for the one or two days you need it.
Less maintenance and costs when breaks down. However you still lose time on job and rental companies won’t pay for that.
When buying a machine. It’s yours. You know what it can and can’t do. It’s always available and ready to go. You use it whenever possible as it’s just sitting there and you find new uses for it that you wouldn’t if you had to go rent a machine.
If you have a shop/yard maintenance is easy to do in down times. If you don’t have a shop/yard that’s very difficult and renting is worthwhile.
Over all I think if it’s a once or twice a year use rent. If you don’t have a shop and are just starting out then rent.
If you are established and it’s used often buying is hard to beat. I’ve never bought a piece of equipment and been frustrated that I bought it.
Tigren is cool but I think he cares too much about having nice shiny equipment and rigs. That’s why he has $20,000 dump trailers just to haul equipment. Of coarse you won’t your company to have a clean appearance but it isn’t very scalable.
You charged the customer $300 per day skid being on site.. thats cheaper then the damn rental company
✅👍🏻 ya still good deal for them
Buy
I've started listening to you lately I like your approach ....seen your truck in my area as well I admire your system...only reason I say buy is to pass things down to my children
Amen
Sorry but I'm for buying equipment sometimes even you can't change my opinion.
Regardless of his additional streams of income, he literally shatted 67 grand down the toilet. Like he would have been far more entertaining if he posted a video of him in front of a bonfire burning batches of $100 bills… Insane!
Tigran can afford to use for 62 hrs because he charges enough, end of story. Plus goat gang dudes rich
$1000 per hour of use?
I didn’t say he couldn’t afford it… I said 99% shouldnt do it ✅
@@MikeAndes so your not figuring in what hes gonna sell it for?
Hey mike? What he didn't mention is that machine is a turd! That's why he's getting rid of it! He's known for making bad decisions with equipment purchase's. I tear him up in the comments
Now now 😀 don’t do that. Tigran has good info and is a good guy 👍🏻