Junk haul challange
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Junk haul challange (by Richard [MI]) Feb 16, 2019 8:45 AM
       Junk haul challange (by Moshe [CA]) Feb 16, 2019 9:22 AM
       Junk haul challange (by Robert J [CA]) Feb 16, 2019 9:26 AM
       Junk haul challange (by JB [OR]) Feb 16, 2019 9:39 AM
       Junk haul challange (by David [MI]) Feb 16, 2019 9:42 AM
       Junk haul challange (by #22 [MO]) Feb 16, 2019 9:42 AM
       Junk haul challange (by David [MI]) Feb 16, 2019 9:43 AM
       Junk haul challange (by melinda [MD]) Feb 16, 2019 9:51 AM
       Junk haul challange (by Homer [TX]) Feb 16, 2019 10:03 AM
       Junk haul challange (by Richard [MI]) Feb 16, 2019 10:50 AM
       Junk haul challange (by don [PA]) Feb 16, 2019 11:27 AM
       Junk haul challange (by Oregon Woodsmoke [ID]) Feb 16, 2019 11:48 AM
       Junk haul challange (by Oregon Woodsmoke [ID]) Feb 16, 2019 11:53 AM
       Junk haul challange (by BRAD 20,000 [IN]) Feb 16, 2019 2:39 PM
       Junk haul challange (by Peter [NH]) Feb 16, 2019 3:38 PM
       Junk haul challange (by Peter [NH]) Feb 16, 2019 3:38 PM
       Junk haul challange (by MikeA [TX]) Feb 16, 2019 3:57 PM
       Junk haul challange (by BRAD 20,000 [IN]) Feb 16, 2019 5:13 PM
       Junk haul challange (by BRAD 20,000 [IN]) Feb 16, 2019 5:20 PM
       Junk haul challange (by Richard [MI]) Feb 17, 2019 7:01 AM
       Junk haul challange (by NE [PA]) Feb 17, 2019 7:08 AM
       Junk haul challange (by fred [CA]) Feb 17, 2019 8:09 AM
       Junk haul challange (by Richard [MI]) Feb 17, 2019 8:16 AM
       Junk haul challange (by NE [PA]) Feb 17, 2019 9:21 AM
       Junk haul challange (by Pat [CA]) Feb 17, 2019 9:53 AM
       Junk haul challange (by Richard [MI]) Feb 17, 2019 11:04 AM
       Junk haul challange (by NE [PA]) Feb 17, 2019 12:03 PM
       Junk haul challange (by RathdrumGal [ID]) Feb 17, 2019 4:39 PM
       Junk haul challange (by Nicole [PA]) Feb 19, 2019 5:28 AM
       Junk haul challange (by mike [CA]) Feb 22, 2019 1:12 PM
       Junk haul challange (by mike [CA]) Feb 22, 2019 1:20 PM
       Junk haul challange (by Ray-N-Pa [PA]) Feb 22, 2019 1:48 PM

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Junk haul challange (by Richard [MI]) Posted on: Feb 16, 2019 8:45 AM
Message:

There are many of us that have to deal with evictions, cleanouts, and clean up of newly purchased properties.

To be realistic, some of us are not capable of doing the labor or are too busy with more profitable work.

HOWEVER

I've noticed that junk hauling and cleanouts are pretty expensive.

Depending on our location, setup and a few other things, I think there's a good possible source of extra income for us.

I recently paid $375 for a bum with a pickup to haul off 2 pickup loads from a place. (I was too far away to do it plus code enforcement was pressing me). I could have done this myself in a couple hours, easy. It was all outside behind the place. Now to me $175 an hour is pretty good money.

So I conceived a challenge to myself--- find a way to turn this into a source of profit rather than an expense and also to reduce my costs when I need it for my places. Same could be said about mowing and yardwork.

I know that if I make this a side business I'll need the things that go with a separate business (insurance, license, etc). Not a problem.

Thing is, I don't want this to occupy all my time so I'm thinking of just setting it up and hiring a manager to run it. I think it can be expanded in several ways.(Ideas appreciated).

When I look at my rentals, some net me maybe $200-250 A MONTH if there are no problems. One bad tenant can cost 6 months or more in losses. I keep thinking of that bum and his old truck making 2 months of my profits in his pocket in a couple hours. I've got thousands tied up in a unit to get $200-250 a month. I could buy an old pickup or just rent one from Uhaul for a few bucks and make a comparable amount in an afternoon, even after paying a helper to load and empty the truck.

So, to meet my challange, I am going to try this instead of buying the next unit. Especially as prices have gone up a lot here for places.

My thoughts to other landlords are to challenge yourselves to create other streams of income. (Possibly this way or others you might think of or have developed).

What extra sources of income could you recommend to increase your cash flow?

Any advice from others here is appreciated. --23.121.xx.xxx




Junk haul challange (by Moshe [CA]) Posted on: Feb 16, 2019 9:22 AM
Message:

Find a cheaper bum.

Around here, the parking lot of Home Depot is filled with gentlemen with trucks and signs offering hauling and other services. They get about $15 per hour for the worker and an additional $10-$15 for the truck.

--47.139.xx.xxx




Junk haul challange (by Robert J [CA]) Posted on: Feb 16, 2019 9:26 AM
Message:

As a contractor i had pick up trucks, flat bead trucks, vans and trailers. I also sometimes rent bins from 3 yard to 5 ton.

I found when working at one of my rentals, I park my trailer in the back yard and load up stuff over time. Then when filled, I make a trip to the dump. When I rent a bin, I only have 1 week of use and get charged for extra weight. This can be expensive.

Also I tired Demo Bags. While they only cost around $30 and hold 3300 pounds the hauler charges $295 for a pickup. Ouch. --47.156.xx.xx




Junk haul challange (by JB [OR]) Posted on: Feb 16, 2019 9:39 AM
Message:

If you do the work yourself you would do okay.

Once you bring in a "manager" they will learn your best methods, talk to their friend and set up their own business if they see it is a lucrative opportunity with little up front expense.

It's called cutting out the middleman. And you my friend would be that middleman. --24.20.xxx.xxx




Junk haul challange (by David [MI]) Posted on: Feb 16, 2019 9:42 AM
Message:

Why make life hard by hiring bums or guys in parking lots? If you are deducting the cost from security or billing the tenant, just hire a professional junk removal company and not have headaches. --50.4.xxx.x




Junk haul challange (by #22 [MO]) Posted on: Feb 16, 2019 9:42 AM
Message:

I presently trade trash for trash... give them something of value and require they take everything else..works like a charm --173.24.xxx.xxx




Junk haul challange (by David [MI]) Posted on: Feb 16, 2019 9:43 AM
Message:

As the saying goes, Jack of all trades, master of none --50.4.xxx.x




Junk haul challange (by melinda [MD]) Posted on: Feb 16, 2019 9:51 AM
Message:

Richard, really like your idea. Recently had an estimate of $1500 to clean out a junk filled house. Too much for me to spend. This junk removal is a real problem. There has to be a way to make money, cause there sure is a need for this service. Please let us know what you come up with. Good luck. --24.233.xxx.xx




Junk haul challange (by Homer [TX]) Posted on: Feb 16, 2019 10:03 AM
Message:

Iíve only had to hire a hunk hauler once, but itís neen a few years off a purchase, not a rental. I found a guy with a dump trailer off Craigslist, only paid $100 and that thing was stuffed. Any other junk hauling, I use my dozens of trash cans and set out in front of some of my houses. --166.137.xxx.xxx




Junk haul challange (by Richard [MI]) Posted on: Feb 16, 2019 10:50 AM
Message:

Melinda, One of the challenges of this I'm working on is that I don't have enough units or turnover to keep a truck and helper busy full time. So, I must consider alternatives.

1) Haul junk for others when not doing my own. This leads to a conflict in that if I'm making a profit doing it for others, it would be better, imho, to do the ones that make profit before I do my own. To start, that wouldn't be a problem but as more work came in it would be a conflict (unless I bought a second truck). But that's for later.

2) If I concentrated on the junk hauling, it would distract from rentals. I like the passive income of rentals. Junk hauling would be an active business, where the minute I stop the cash flow stops.

David, I'm not really thinking at this time to be a master of junk hauling. Just looking to get my work done at cost, and maybe make some extra money. Often, the amount left is more than the security, especially with dump fees of I hire a big company. Dumpsters are running $350 plus labor to put trash in them.If I can separate recyclables from trash, I can cut costs.

JB .You have a point about your helper becoming your competitor. I had this problem a lot when I had my contracting business. I found though, from observation, that most of them failed in business within a few months. I've found that if I pick a worker that has hobbies they really like, these workers mostly want to just work their shift and then do their hobbies or family life. (Like Fred Flintstone in the old cartoons). If they have a bass boat, a quad runner / motorcycle or are in a band, I've found they rarely think of being a serious competitor. The ones I've found are likely to be a competitor have no hobbies and are always looking for any little way to make extra money. Paying them well also keeps them thinking of staying and not competing. --23.121.xx.xxx




Junk haul challange (by don [PA]) Posted on: Feb 16, 2019 11:27 AM
Message:

"Only took a couple of hours" OK, you are not counting the time it took for him to drive to your house, to drive the second load to the dump, and to empty the second load. You are also assuming that there are no dumping fees, and that there are no maintenance costs with a truck. --70.90.xx.xxx




Junk haul challange (by Oregon Woodsmoke [ID]) Posted on: Feb 16, 2019 11:48 AM
Message:

We do our own clean-outs. A 10 yard dump trailer was one of the best purchases we ever made.

Junk still has to be handled to get it into the trailer, but once at the dump, just press the hydraulic lever and the trailer unloads itself.

If I wanted to start a clean out business I'd have a 10 yard dump trailer. Fewer trips to the dump and a lot less time at the dump unloading. --98.146.xxx.xxx




Junk haul challange (by Oregon Woodsmoke [ID]) Posted on: Feb 16, 2019 11:53 AM
Message:

My son bought a house where the seller didn't remove anything. I got him to sign a contract that said anything left in the house was mine to do with as I wished.

I put an ad in the paper that said "Free Moving Sale. Everything is free."

I couldn't believe the worthless crap that people would haul away. Broken furniture, a moldy nasty shower curtain, a broken mirror, rusty pots and pans, moldy carpet.....

I felt a little bad because I suspected it was all ending up in some tenant's backyard and it seemed a bit of a dirty trick to play on local landlords.

But what would have been a couple of dump trailer loads turned into garbage that would fit into the back of a pickup. --98.146.xxx.xxx




Junk haul challange (by BRAD 20,000 [IN]) Posted on: Feb 16, 2019 2:39 PM
Message:

Richard,

No thanks.

Way cheaper haulers out there and no employees.

If I buy a truck and hire people, I have not saved a penny.

BRAD

--73.102.xxx.xxx




Junk haul challange (by Peter [NH]) Posted on: Feb 16, 2019 3:38 PM
Message:

Lately I have been paying lots for hauling as well (trying to stay away from pick up truck warriors). This is because I worry about a worker getting hurt and not having workers comp. coverage then suing the hell out of me. Better to try and get more responsible tenants that won't use my unit as a dumpster. --75.67.xxx.xxx




Junk haul challange (by Peter [NH]) Posted on: Feb 16, 2019 3:38 PM
Message:

Lately I have been paying lots for hauling as well (trying to stay away from pick up truck warriors). This is because I worry about a worker getting hurt and not having workers comp. coverage then suing the hell out of me. Better to try and get more responsible tenants that won't use my unit as a dumpster. --75.67.xxx.xxx




Junk haul challange (by MikeA [TX]) Posted on: Feb 16, 2019 3:57 PM
Message:

You should run the numbers to see how many jobs per month it would take to break even. I suspect the costs would eat away at any profit and it would take a lot of jobs to make money. Vehicle insurance, workers comp, tires, gas and oil, dump fees, labor costs, and the time and aggravation of providing estimates and then actually collecting what is owed after the job and getting workers to show-up. --50.26.xx.xxx




Junk haul challange (by BRAD 20,000 [IN]) Posted on: Feb 16, 2019 5:13 PM
Message:

My good friend with a painting business says his COST is $30 per hour per man = $15 labor + $15 overhead of workman's comp, truck, etc.

BRAD --73.102.xxx.xxx




Junk haul challange (by BRAD 20,000 [IN]) Posted on: Feb 16, 2019 5:20 PM
Message:

PS

Keep thinking Richard! Whether you do a trash biz or not it's the THINKING that helps your business grow!

Money is made in your MIND, with ideas.

Think and grow rich (hmmm...would make a great book title!)

BRAD --73.102.xxx.xxx




Junk haul challange (by Richard [MI]) Posted on: Feb 17, 2019 7:01 AM
Message:

Brad, I think you're friend is right about that $30 an hour. If my operation was larger and my time fully occupied by hunting new places I agree that I would just hire it out. Right now though, I spend too much time working on the details rather than planning overall strategy and making moves that create thousands. I'm at a point where a few hundred on a deal makes a difference because it adds up. When I build a better pipeline to get more deals, I likely won't have to concentrate so much on these things.

Still though, knowing that it's good to have several different sources of income, this trash hauling business intrigues me. I like simple business models that can be run by average people and have a good potential return. --23.121.xx.xxx




Junk haul challange (by NE [PA]) Posted on: Feb 17, 2019 7:08 AM
Message:

Just download the 2 guys and a truck app and go to town! It's like uber for junk hauling. --50.107.xxx.xx




Junk haul challange (by fred [CA]) Posted on: Feb 17, 2019 8:09 AM
Message:

Hauling other people's junk and trash is a feast or famine line of work.

Hiring helpers is like leaving the back door open for a burglar.

Do it all yourself will get you to a chiropractor someday.

Other than that, it's a fine way to make money in your neck of the wood. --99.59.x.xxx




Junk haul challange (by Richard [MI]) Posted on: Feb 17, 2019 8:16 AM
Message:

NE, I'm not sure of your advice here. 2guys is, I think, a franchise which mostly does moving.

Do you mean get a franchise and use it to do junk hauling and more?

Or just duplicate their business model?

I'm not sure of exactly what you're suggesting. --23.121.xx.xxx




Junk haul challange (by NE [PA]) Posted on: Feb 17, 2019 9:21 AM
Message:

You're looking to make money hauling junk, correct? --50.107.xxx.xx




Junk haul challange (by Pat [CA]) Posted on: Feb 17, 2019 9:53 AM
Message:

Whenever I've had a clean out, I either sell the big items on Craigslist, have a yard sale, or push it to the curb and put a free sign on it. It's amazing what some people will take, old junk furniture and other junk. At least I don't have to haul it to the dump. --172.56.xx.xx




Junk haul challange (by Richard [MI]) Posted on: Feb 17, 2019 11:04 AM
Message:

NE, Yes, I'm considering this as a side business. When I get a place or if A bad tenant moves out, it's almost always a big cleanup. I figured that instead of paying retail prices that I could get mine done at cost plus offer the service to other landlords and people who needed cleanouts and junk hauling. As an added bonus, I could use the truck and workers to deliver materials to jobs, move materials from one job to another, etc, do lawns and tree / brush cleanup and more. Doing it for other clients would, hopefully, keep the truck and helpers busy between doing my own jobs and free me to concentrate on getting more places.

The county I'm in has over 3000 vacant places. Next county adjacent has over 3500 vacent. At my current rate In lucky to add 4 places a year. I could do that in a week or two if I had a money supply and larger crews.I

For me, the chase is the thing. Get the next deal then turn it over to a manager to clean, remodel and rent or sell while I look for the next deal. --23.121.xx.xxx




Junk haul challange (by NE [PA]) Posted on: Feb 17, 2019 12:03 PM
Message:

You'd probably be better off starting a small construction/handyman company. You can do the junk hauling with the app or some magnet signs on the side of the truck. A small handyman company and you have your labor built in.

I do handyman work for other landlords and contractors in my downtime now. Deal searching and my units always take precedent though. --50.107.xxx.xx




Junk haul challange (by RathdrumGal [ID]) Posted on: Feb 17, 2019 4:39 PM
Message:

Hubby and I just spent most of the day doing 4 trips to the dump. We had a tenant die. The family took what they wanted, St. Vincent's took what they wanted, and we were still left with 4 loads of stuff. We will charge the security deposit. Tenant was low income, and always paid with money orders. His daughter told me that he did not even have a bank account, and there were not planning on opening up probate. I think a side hustle trash hauling business is a fine idea. Get the used dump truck and put a snow plow on the front. Make money coming AND going. --98.146.xxx.xxx




Junk haul challange (by Nicole [PA]) Posted on: Feb 19, 2019 5:28 AM
Message:

bought a new sofa at a bargain President's Day sale price. Delivery, less than one mile from the store, first floor delivery/no steps ... $149. They won't take the old one out to the curb for us. They will take the plastic wrapping with them !! --72.70.xxx.xx




Junk haul challange (by mike [CA]) Posted on: Feb 22, 2019 1:12 PM
Message:

i bought a 14 foot dump trailer and i wish i'd done it 20 years sooner. it's as handy as a cell phone.

it would be easy work to make the thing a profit center if i wanted. get the word out and just drag it to the client and leave it until you have a little time to hit the dump. THEY load it. just be sure they give you a big deposit for the dump fees UP FRONT.

i also make it available for my real estate clients...it never ceases to thrill them and i get their crappy old debris out of the house in no time. every one wins

the trailer wasn't cheap but truly the best $7,000 i ever spent. be sure you buy a GOOD one. big tex, PJ, Carson...lots of junk on craigslist. --76.176.xxx.xxx




Junk haul challange (by mike [CA]) Posted on: Feb 22, 2019 1:20 PM
Message:

oregon woodsmoke makes two good points...

people will take the most incredibly useless junk for free

and the dump feature is always a treat when at the dump...

hop out of the truck,

open the back doors and

tease the guys unloading by hand as you hit the dump button and drive off 60 seconds later.

i just calculated my capacity and the 14 footer is about 14 yards. i've never gone over 3.5 tons.

anyone with more than a unit or two knows that 30-40 yard roll-offs are convenient but the trash haulers have limits on the number of days they include before they start charging per diems.

my dump trailer has earned its keep several times over. --76.176.xxx.xxx




Junk haul challange (by Ray-N-Pa [PA]) Posted on: Feb 22, 2019 1:48 PM
Message:

At least in my neck of the woods, the cost of the dumping fee has gone up significantly. It is about $65 for a pick up truck of junk to simply drop it off.

I would think the $300+ price is right on target with our area.

Can you do it? - sure

Should you do it? - It depends on your business model --72.23.xxx.xx



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