Making Money During Covid [$75k+ for 3 days/week] | 3 month recap in RV Transport Business
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- Опубликовано: 7 сен 2024
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Great info! 👍🏼
Well I pulled the trigger. Start pulling with Dynamic on the 15th of March. Picked up a beast. 2008 F450 with 167,000 miles. Has mudflaps, trailer mirrors, gooseneck ball.
Just driving from OKC. Stopped in Osceola IA at the Mexican Restaurant on the north side just west of HyVee for a meal.
Congrats, Greg!! Hope it’s been smooth sailing so far and you’re building that maintenance account up each trip!
I actually use the Mexican restaurant to tell people where the gym is at times! Just right across the street! If you’re in there again, I love the ala cart grilled chicken with a side of onions, cilantro, and green salsa to add on once it comes out!!
Thank you for the spreadsheet. I also purchased the book you referred. You’re paying it forward and I appreciate it.
Thank you, Dan! I’m definitely glad I can help where I can and love Profit First!
I love the fact that you are encouraging folks to have a breakdown/emergency fund. As stated it is a necessary to be ready for a rainy day in any business. That being said I think discussing net $ after (fuel + emergency fund) is a bit misleading. Just as it is necessary to account for fuel and breakdowns you also must account for every other expenses that will be encountered before you talk about "net" profits (money in your pocket). If you don't account for all expenses the ones you leave out go "through" your pocket, not in it. Taking some from your pocket and some from your gross revenue makes those lines blurry. For example, depreciation is a huge factor and could cost more than breakdowns.. Regardless of whether you own a new or used truck each mile you put on it lowers its value and puts it closer to the grave. You will rack up a lot of miles doing this so money from each load "must" be set aside towards your next truck (not if but when you will need it). So in addition to your payment I would suggest saving towards your next vehicle. Your depreciation will be higher and emergency fund less if you have a newer vehicle. Your emergency fund needs to be higher and your depreciation less on a older vehicle. Either way it's important to consider both for long term success. Also regular "standard" maintenance must to be factored in befor discussing "net". Standard maintenance is predictable, for example: Every 150,000 miles (10 oil changes, 6 fuel filter changes, 1.5 sets of tires, 1-2 sets of brakes, 1 set of bearings. 1 set shocks, etc.). These costs are real, can be predicted, and must be accounted for. Throwing numbers around like (75K part time/year) may get your channel views but is misleading. Call me a negative old fart if that fits your narrative but I am only stating this so new guys, entering this business, have realistic expectations. RV transport is an honest living and you can be successful if you are disciplined and run a tight ship. So don't be discouraged but take into consideration "all" of your expenses, get a good accountant (uncle sam needs his too), have realistic expectations, work hard and smart, treat it like a business, and you can succeed.
Thanks! And as much as I appreciate the feedback (and insight on known maintenance expenses- I like the breakdown of how you listed them!!!) The goal of the video was to show people what type of money you CAN/WILL have in your pocket. It's 60K-ish if you don't add in the maintenance funds in terms of money in pocket.
So yes, there will be other expenses you experience but what if your truck is paid off... What if you have a brand new truck payment or lease? This video allows you to see the real money that you can put in your pocket after fuel, which if not paid during the run the truck doesn't move and you don't get your final settlement pay, and then you're able to assess your situation to see if it'll work for you!
I get a little fed up with the OTR truck drivers who discourage people from getting into RV Transport because of their either, misinformed view of the gig, or hatred for the guys out on the road that aren't in a big rig.
Again, I appreciate the comment! Thank you!
I’m getting out of my semi and driving my new to me 2008 f450 and pulling in 2 weeks. I should me 1.5 to 2 times the money and schedule my own time/trips.
We have a lot in common. Our inflatable business has been shut down for 13 months. I am making plans now on buying me a truck and getting into RV hauling now. Great video !
I feel for ya!! And this, for me was a refreshing breath of fresh air that made the stresses of not knowing “what was next” when the governor went live in her proclamations!
Glad I could potentially help!!
Kinda in the same boat when you work in construction you kinda go by the weather and work sometimes slows down in the colder months and due to holidays, if you have some rain days, and with this pandemic going on a buddy of mines mentioned something about rv transport because that’s what he does and i thought I’d give it a shot and i leave out to go to orientation with in a week or so I can’t wait to try it out I always enjoyed traveling
@Daydream About Nice Things what kind of truck did you buy?
@@TheIncredibleHoosier 2017 Ram 3500 4x4 Outlaw Cummins with a Aisin transmission
@@DaydreamAboutNiceThings 👍 awesome!
Man I’m really interested in doing this but I see so many channels that talk about all the negatives. Don’t know what to believe anymore like everything else. Like the channel dude. Very positive.
Your situation will determine if you have a good experience with it- but that’s true to anything!
I easily make $5k per month with my one trip a week. That then goes into my personal account and covers all my bills including my truck, insurance, and basic maintenance (which are recorded to be used as business expenses come tax time)
Great videos. You know business very well. You should do a video on tax deductions. I have yet to see anyone do that kind of video for RV transportation.
Thank you! I’ll make sure to do a video once I get a year under my belt with taxes!
Yea I was wondering about that as well! And how much are you going to have to pay at tax time?
That’s what I was concerned about initially as well and then I talked to two fellow business owners who have been doing this for a year and the other going on two (he’s only pulling campers with no other business endeavors) and the first thing out of one of their mouths was “and a great thing is you won’t pay taxes on the earnings you get from this because of the deductions and how we’re positioned in the professional driving industry” the guy with two years under his belt confirmed with mentioning how his taxes went.
This is not me go type or anyone legal or tax advice, etc. etc.
@@WeekendTruckin
I think you take your gross pay from your RV company or 1099........deduct all fuel.....deduct all maintenance including new tires and more........deduct $50 per day for food when on the road.....deduct showers, hotels or costs to stay at TA or other.......deduct phone and other equipment expenses like printer and paper .........deduct insurance and healthcare..........and that will be your net taxable income?
Also if you deduct your truck........I believe you can either deduct the total costs the first year......or amortize it out over 3 years or more. My CPA said a lot of people do it all in the first year and then are shocked by their taxes the next year as they didn't plan for that deduction being gone.
This RUclips guy is the best regarding trucking and taxes and he always is available to help ruclips.net/user/DIYSEMIvideos
@@WeekendTruckin yes please!
Great job. Congrats on the baby coming. Thank you for your help. Glad you don’t let the negativity get to you. Most of us need, want and enjoy your knowledge and advice. Like you say each persons needs may be different. Be careful out there.
Thank you!! Appreciate your comment!
Thank you for all the help you provide on this channel. This video was especially helpful and spread sheet is awesome! This is "rubber meets the road" basics of business. Much appreciated!
Thank you, Gary!! Glad I can help!!
I just subscribed.CLASS A cdl driver seriously considering going this route.
Thank you! I'm obviously not experienced in the different professional driving options out there but I've talked to a few RV Transporters who have been in hot shotting and semi driving that are glad they made the switch. That obviously depends on their situations, but it's a super easy gig with a great profit margin if set up right and you "baby" your biggest asset- your truck when hauling!
Really appreciate your taking time to make these videos. I'm in the hiring process now and your information has been so helpful. Thanks so much for your encouragement!
You’re very welcome! Drive safe when you get out there!!
Looking to start in this industry come April. I just want to thank you for your positivity and information that you are willing to provide to us all. Keep up the good work and stay safe!!
You’re welcome and thanks for tuning in and commenting!! Drive safe once you get out on the road!
Thank you! I can't wait for the next video to come out. Great information.
No, thank you for watching!
Nice Video Shawn!! Keep up the great content.
Great content man, channel is growing. I don’t even drive anymore and still like it.
Thank you! It seems crazy there’s over 800 people who’ve subscribed so far!
Thanks man!! Great info and insight
You’re welcome! Thanks for commenting!!
Keep in mind, he does not show his insurance and truck payment (or lease payment). This varies for everyone, and can significantly lower your bottom line. He does address this, and does give very good info.
If we were talking true business and not self employment/contractor work, I’d break things down differently but this just isn’t that in my eyes from my business experiences. The goal was to show people what you can actually put in your pocket with RV transport.
Your bills, some being directly tied to your self employment gig and some being a mix of this and personal use may still be a write off in terms of “business expenses”. I’ve mentioned my payments in almost all videos when talking about money/expenses.
I appreciate the comments and engagement!
Great videos! How many miles total, including dead head, have you run the last three months. I just want to calculate how fast I would want to payoff a truck. I have a friend that has gone into this, I shared your page with him and he has utilized your spreadsheet. He is doing well also, as he approached as a business, and has a plan. I believe he is paying 1-1/2 payments per month. Everyone would be different of course.
In total I’m just over 33k miles so far!
Thanks for sharing the channel and glad I can bring some value!!
Can u pls send me a step by step to do this ..how do I start?..I have a truck..wat do I need to do next..also wat company do u work for?..
Hey man! Shoot me an email at weekendtruckin@gmail.com
Love what you’re doing! Really interested in this line of driving! Been in the trucking industry for 21 years February! Could you recommend top 5-10 companies to look at leasing on with?
Thanks, Marcus! Company wise, I don't know if I could recommend one over the other. The bigger ones give you more flexibility with self dispatching and more load options but the smaller ones may seem to pay a little more and be more driver focused!
@@WeekendTruckin thank you for the reply! I truly do appreciate it! Maybe you could answer this, my wife wants to drive with me but she doesn’t have any experience. Could you recommend someone that doesn’t require experience, if I remember correctly you started without experience.
Excellent video. I Gotta download that itemized spreadsheet.
Thank you!
This is a very helpful discussion. Your spreadsheet says "Gas Expense". Do you run a gasoline truck?
🙄 Gas… Diesel… Fuel… I have a Diesel F250 and now a freightliner M2 Diesel. But prior to these I’ve always just had a gas vehicle
what equipment do you carry for working out.. dumbells, straps, etc.?
As of right now I don’t have any extra equipment with me. I like to stop at an Anytime in the Colorado Springs area and chat with the owner but otherwise it’s just bodyweight when I’m on the road!
Question..why do you run logs? Your pulling a camper with a pickup truck..
Great question! But I’m sure it’s because we’re hauling them as a third party so it falls under a commercial capacity of driving. 🤷♂️
@@WeekendTruckin government B.S...Safe travels..hope your gym opens soon..god speed
I'm looking to get into this. But I'm nervous I see that this is a newer video so that helps. I'm on a couple Facebook sites and see a lot of people selling trucks and trailers getting out of it because of slow down of the business do you see this?. I also want to have a life I'm working 50+ hours a week and should be enjoying retirement but can't. I don't want to live paycheck to paycheck anymore. I love your videos and thank you for your honesty.
Hey Scott! I'm in those same groups and see alot of 50, 60, and 70k pickup trucks for sale too. You can make money with a newer truck, for sure- but you cross the line of the freedom of running your own schedule when you want and need to run to make your $1,000/month truck payment plus your $400-500/month insurance because you have the totaled/payout value of the truck at a high number...
There's seasons of slow times in the industry for sure, but you're typically always able to stay business and if you're treating it like a business opposed of a job, you have money in your maintenance account set aside for breakdowns and maintenance but also for when you're not able to get the longer hauls you like when it gets slow for the few weeks or so it does in the summers!
The numbers in this video are still doable if you're running say 4-5 days a week in terms of take-home money. The increase price of fuel and the rates not matching that % increase has taken about 5% or so of profits from each trip from my weekly calculations!
I hope this helps!!!
Does Indiana transport have a load board for you to choose from
They do! You’re able to self dispatch after your first run. You have to call in to confirm you’ve dropped and then they give you access to the load board!
I know you only run a few days at a time do they have a reload board to choose from if you wanted to
They “do” but it’s mostly just runs from the ID yard going out to that area or down to CA.
@@WeekendTruckin thanks for the info
Where do you deliver to that you can do it in 36 hours? Leave on Wednesday, back on Friday. Your drive to pick up is 7 hours alone. You can only drive 10 hours before you have to take a break, right? Do you deliver to CA--that alone is 24+ hours. Are you including dead-head hours? Sorry--I'm a bit confused. Planning on getting into this in the next 30-60 days. Fabulous information and video--thanks!
I do not do CA runs, really! I try to keep them at 1,000-1,100 mile trips headed back towards Iowa. That makes for a short trip back home.
I’ve played around with booking a trip down to FL or TX but then I look at the miles needed to get home and just never book. I look for SD, CO, NE and western Iowa runs! And it’s back late Friday or sometimes just depending on how things are going, I’ll take my time, sleep over somewhere Friday night and get home early Saturday.
This trip to Mt. Rush looks alot colder. LOL
A - LOT!!!! 🥶
Thank you for the information. I told my boys RUclips was a waste of time. Haha, was I wrong. I don't want something full-time, and you showed me how it can be done. I would like to run that spread sheet you're using, but did I miss the link?
Is it not in the description? Lol, glad I can help!!
@@WeekendTruckin Well.... I found it in the show more section LOL. Thanks again!
Thanks for the info so far. I've been thinking of this as a side hustle for a while. Been driving Class B class for 30 yrs but never been a "trucker" or in transportation. I've owned a 40ft 34,000lb class A for 3 years. looking for jobs that can get me "unstuck" from my home. Thanks for sharing. Hoping that "Pop" went well and your both Happy.. But That Daryl though.....
Thanks for commenting and sharing! This could definitely help with getting unstuck from home while making you some money!
You answered my question b4 I even asked!!! Can rv transport be a partime hustle!!! Answer is yes I see!!! Thanku!!!!
Hey Andre! Thanks for stopping by and commenting! It can definitely be a part time gig given the flexibility you have with booking and dropping a load. There's definitely going to be an advantage or disadvantage based off where you live in relation to the IN area... The closer the better in some senses for the ease of being right there to grab and short loads are always on the boards!
Thank you for the expense breakdown. I'm guessing a percentage needs to be set aside for 1099 taxes, too.
From everyone I've talked to that's in the industry and has been for a while, with single pulls you'll be able to show a loss each year if you wanted- although you can't show a loss for more than so many years before you get slapped by the IRS. I recommend just having your maintenance account be your tax buffer for when you're not showing a loss on your taxes!
@@WeekendTruckin excellent point. Thank you!
Great Information
Thank you!
Hey thinking about starting also . Which company are you signed up with ?
I’m leased on with Indiana Transport
Do you have CDLs, I know some companies require and some dont
I do not!
For the 6300 a mouth was that doing the haul and tow or signal pull thanks
That was for single pulls- averaging one 1,100 outbound trip and dead heading to pick up and home! I put roughly $1,000 of that aside to a maintenance account and the rest was to pay bills, etc.
Nice job on the spreadsheet and thank you for sharing with us! I had to chuckle about your line 15 Column Z and AA in your spreadsheet. Can you share your story about "Karen"? and your drop-off experience?
😂 😂 🤐 🤐
Hey bro is that a gas burner or diesel f250 in your photo? I have a gas burner and been wondering if it would be worth using to haul RV's. I pull mine with it no problem!!
It’s a diesel!
Great video! Can you claim miles for your return trip since its considered part of a dispatch and running logs?
For tax purposes you’re able to, yea!
@@WeekendTruckin thank you!
What year is your truck?
I have an 08 2500 paid in full with (new trans) and looking at my options.
You still doing bumper pull only?
It’s a 2010. I think if you call and talk to recruitment they are lenient on the year as long as it’s a presentable and reliable truck!
Yea, I only do bumper pulls still!
You never gave the link for the spreadsheet that you use
It’s in the description of the video. You’ll just want to click the little down arrow right below the video and to the right, I believe!
Please I need you to explain to me the business aspect. As far as business write offs and getting money back. Just the business Part of it
Hey Gershom! I'd be more than happy to explain more- can you give me a bit more context to what you're looking to have explained more?
What about blood clots?
What about coronary artery disease? 🤷♂️
Do you pull all these trailers without a weight distribution hitch? If so, is it an issue?
Most of them I’ll hook 5em up but there’s some instances where the camper no’s blocking you from hooking them up
Where can I get a haul an tow truck? What is a good average price to start out?
The best place to look is Facebook and the different RV groups! I’d say price wise, depending on the year of the rig…$20-50k for a used one.
Are rv transporters required to comply with IFTA ?
I believe if you’re going to be over 26k and pulling other items then campers, yes!
They call me leadfoot larry i got a few alleged speeding tickets but still trying to find a company to get hired
I’ve always heard the company’s are more lenient in they’re busy seasons with trucks and drivers... no clue if that’s true but that’s what I’ve heard!
What kind of system or tablet is it that you’re using to track everything? Looks like a great way to keep track of it all.
Hey! I just use an iPad That I have through my cell phone provider and then I mount everything with ram mounts. Hope that helps!
@@WeekendTruckin do you edit your videos on this as well?
How do I reach out to you? I have a few questions would like to discuss over the phone plz?
Shoot me an email at weekendtruckin@gmail.com
People, listen to this guy... He's right, there is money to be made... I am going to try to elaborate briefly on a couple of points, and even add some of my own.... You do not need a brand new truck... When I got into this business, I bought a $20,000 truck,.. it cost probably three times that when it was new... Let somebody else take that huge depreciation loss.. huge loss.... I put 190,000 miles on that truck in one year, and outside of regular maintenance, I probably spent another $4,000 in repairs,.. no big deal... I generally drove 5 days a week, and was always home Friday night Saturday Sunday and then out Monday morning, and I probably averaged about twice the amount of money that this gentleman averaged..... Put 10% of your earnings into a special fund for maintenance... If you can put more, put more in there.... Did you get to the point where you have enough in there to pay your $20,000 truck off early, pay it off..... By yourself a L-shaped 100 gallon auxiliary fuel tank, or something similar... That way you can fuel up a whole lot in the cheap States, and you might be able to make it through all the expensive States and then back to the cheap States.... That extra fuel tank could save you $30 a week easy.... Pulling campers with a pickup truck is the least lucrative way to go about that business, and the least comfortable in terms of sleeping arrangements... But even though it is the least lucrative way to go about it, it is still very easy to make decent money... If you have a CDL, you could make a lot more money by pulling two or three campers at a time and hauling one or two or three cars back, and you have a lot better sleeping arrangement.... And for the price of a brand new pickup truck, you can get a really nice semi,... You can get a semi that will do the job for 20,000 bucks as well.... Some companies that you lease on with will also let you call two or three campers with a pickup truck and a trailer, but that is harder on your pickup truck, but that is an option as well.... And people, what this guy didn't tell you, is that there are some companies out there that will let you drive brand new motorhomes to the dealer, you just have to find your way back.. you either fly back, or you pull a little car behind you... So if you don't have the means to go out and buy a $20,000 pickup truck or semi, you could still get into this business, with very very little expense up front.. I could answer many more questions if anybody was interested....
Thank you, Chad! And great insight added as well!!! I appreciate you taking the time to share your knowledge!! 💪
Brother do you run your own authority or with a company
Everything’s under the company I’m leased on with!
Did you send them into that store because you needed blinker fluid for your tail lights, That could be why she's giggling so much.
😂
Is that an iPad? Who do you run for?
Yea! I went in to upgrade my phone and initially wanted a hotspot but the guy sold me on an iPad as he said it would last much longer than a hotspot would.
@@WeekendTruckin what plan do you have with the iPad?
I believe it’s just an extra line added on to our Unlimited data Verizon plan!
How is your service with Verizon?
So far so good! I only lose signal in remote type places!
What company do you haul for
Indiana Transport
@@WeekendTruckin how much they pay a mile I have cdl
I think I remembering hearing something along the lines of CDL hauls are at least .10/mile more.
They just restructured their rates to factor region, weight and maybe another thing or two. South and east trips are less than west trips by maybe .20/mile. Typically around $1.60 is a non CDL trip out west!
@@WeekendTruckin I really want to get in to it man I just don’t want to fall on my face I got the truck it has a unlimited mile warranty on it
@@WeekendTruckin do it ever get slow we’re there is no rvs to be transported
Someone added your video to a Facebook community, that should help the views..
I had someone screenshot a share in a group! That’s kind of cool for some reason in my mind!
Hopefully it helps people on the fence of jumping in, make the decision to get started!
Hey man I messaged you on ig got some questions for ya!
I’ll check it out!
What company you work for my man
Hey Thomas! I’m leased on with Indiana Transport!
👍
Way too much before the content
IT hired you with no experience?
Hey Stew, thanks for tuning in. Who said I had zero experience...?
With the kind of money you can make at this job your better off getting an hour wage job, even if your putting money aside for maintenance, what about money to buy your next truck?
So what does one do when they need a new vehicle in general...?
I’m making 5-6k/month running campers under 10,000lbs (GVWR) so they’re more like 5-7k in weight for about 2 days of loaded travel... I appreciate your engagement but I’ll be just fine, Jacob!
Try to spread more joy and optimism in the world- not a negative experience maybe you’ve had or just pessimistic thinking onto others.
Unless you're a skilled trades man making 30-40 an hour it's a great opportunity he's making around 50 an hour after fuel and only running 3 days a week
Not missing anything in terms of money in pocket after a run.
After 5 minutes of video, you still hadn’t gotten to the point. Sorry, you lost my attention.
Are you sitting a side 20% for taxes or more?
So that was the first question I had when talking to two fellow business owners that live in the same town I’m in who have been doing this for going on two years. Before I got out my question on what they hold back as we’re 1099ed one mentioned how with the standard deductions of the industry and how we’re positioned in it you won’t be paying taxes on the earnings made. Another mentioned how after a full year of just hauling campers that he made out with a refund after it was all said and done for the year.
Obviously this is not me giving advice, etc. etc.
Love your videos by the way. Yeah was just curious because you can write off all the mileage on the truck right?
Yea, and then the meal Perdiem‘s and overnight, along with other write offs!
@@WeekendTruckin
I am not doing this yet so I can't say for sure, however I've got a friend doing it who is paying substantial taxes and I've already talked to my future CPA who says you can deduct all the things I mentioned in a thread above and you should pay quarterly IRS, State and possibly City taxes as we all pay taxes in the end.
I could certainly be wrong, but I'm going to pay Quarterly taxes and not fall behind on the taxes.
Irs only allows u to show loss 3 out of 5 years