Should I Be A Owner-Operator In 2023?

In this video, we're going to discuss what it takes to become an owner-operator in 2023.
Being an owner-operator has become a very popular career choice over the past few years, and there are a lot of reasons for this.
We'll discuss some of the benefits of owning your own business, as well as the requirements you'll need to meet in order to become an owner-operator.
After watching this video, you'll have a better understanding of what it takes to become an owner-operator in the future!
For over 35 years, LRM Leasing has been offering a best-in-class NO CREDIT CHECK lease program. At LRM Leasing you can work for any carrier in the United States with no mileage limitations whatsoever. Many other companies will require you to work for specific carriers, at LRM Leasing, you choose who you want to work for. When you lease a truck from LRM Leasing you will have all the benefits of ownership. You can expect a simple no-nonsense experience. Our friendly staff is ready to walk you through all your options and answer any questions you might have along the way.
For more information on leasing a truck visit:
www.lrmleasing.com
[phone]
/ lrmleasing

[@jessewolfe9961]

I love the last thing this gentleman said, great way to end the video. Thank you for this advice LRM Leasing, and all involved! It was a long video, but it was full of valuable information. I would rather watch something that is valuable then a bunch of garbage.

[@LRMLeasing]

Glad you enjoyed it!

[@alvinmarsh9878]

To whom ever do not become an owner operator right now in 2023. Freight is down there is not enough loads and too many trucks on the road . Freight rates are really bad and low paying .Same loads that we’re paying $1,000 in 2019 , 2020 (before COVID.)for 200-300 miles are now paying $200-$300 dollars

[@kevinhazurejr946]

Freight isn’t down. They dnt give clowns good loads

[@true1020]

Only one way to get into trucking and stay in trucking is to have low overhead. Two ways to accomplish this: 1: have paid off equipment or low payments. 2: take a heloc out of your home. 50k-60k spread out over 30 years is anywhere between $200-$300 a month.

[@danielgkorecki]

Heloc is different than mortgage max is 10 years or so.

[@true1020]

@@danielgkorecki True....contingent on State.

[@TRUCKDADDYLLC]

@@danielgkorecki 5 year term amortized to 30 years on helocs typically.

[@danielgkorecki]

@@TRUCKDADDYLLC agree. The most I have seen was 9 years on helocs

[@carloszachary8171]

This Brother speaks the Truth. Great interview. This Brother very knowledgeable. He needs to be a Mentor. 👍

[@geoestrada5001]

I won’t recommend to anyone gotten into leasing to own but unfortunately it’s to many opportunities, but before getting in trucking business you should check the market how is moving,and check how much expensive will be your trucking insurance,

[@JuanMartinez-rc8st]

This schooling not gets better than this, I feel very grateful to take this class.

[@SliverOfSilver1000oz]

Spot on!! Loved this entire interview

[@PRPWR]

Freedom? I feel like I'm stuck in a cage for weeks sometimes months at a time without seeing my family

[@gailmorra]

Lol 😊

[@clarknawrocki9718]

Thats because you are

[@robertcalkins6120]

This was a great informative video. Thank you both for making this for us!

[@edwardcook151]

Great interview and extremely informative for people who want to get into the trucking industry!

[@TheGrahamFamily0524]

Shout out to my Jamaican brother 🇯🇲🇯🇲🇯🇲🇯🇲🇯🇲 keep dem wheels rolling my brother.

[@secretsquirrel6718]

I got out in January. Sae the rates kept going down. Citing the law of dinishing returns. Its doable if your truck is paid off.

[@samebelete4526]

Thank you brother for your advice that's awesome 👌

[@felipemurrieta4984]

Thanks a lot Steve and your guest, for such useful inf, it sure helps on trying to figure out what am about to get into, thanks for sharing Steve you probably b getting a phone call from me soon, thank you!

[@safethamzagic7226]

Don’t do it, you will get exploited. Trucking has become a swat shop on wheels.

[@pakrevivas]

I hope somebody listen read this and take it serious.

[@whyworkwhenicanrap6830]

That’s your experience if your a hustler anything can work your just weak with it I have plenty homies making big money The hustle just not in u lol

[@adoremoniqueg]

@@whyworkwhenicanrap6830 💯

[@drmidnight680-kz2le]

@@whyworkwhenicanrap6830my brother in law has always had 10 to 20 trucks for about 40 years, do you think he's making money or the wife is paying the bills.

[@Comm0ut]

Ask experienced owner operators, not SALESMEN on an advertising channel, Why do you imagine companies want to offload all their risk onto drivers? Do NOT take out a HELOC because if you cannot pay it back you'll be homeless even sooner. Young dumb and desperate new truckers imagine owning an expensive depreciating asset during risky economic times makes sense.

[@sileshitegengne3750]

Great quality.

[@LRMLeasing]

Thanks for watching!

[@jasonalexander1709]

Not unless fuel prices come way down and freight rates come way back up. But next year we will be in a recession. So no 2023 isn’t a good year to do it either

[@LRMLeasing]

Great feedback!

[@machiavelli4428]

It's 2023 and your correct

[@banksboy6806]

Only way rates go way back up you’ll need another pandemic because the rates today almost normal

[@haywoodcunningham7116]

It’s a Great year to cash purchase one tho…

[@gailmorra]

They've been screaming recession for over a year. We had a soft one already.

[@Chubearishere]

Great interview! Loved every minute

[@gailmorra]

Most not all O/O dont pay well

[@gustiable]

i’m actually interested in the leasing programs

[@davecramer9725]

This economy know is no time to start a company or just owner operator rates way to low fuel and other things way to expensive

[@josesimoes1485]

Great vídeo. Congrats.

[@butcharmstrong9645]

@1:50 whatta man

[@victorloera1897]

Great interview

[@LRMLeasing]

Thanks for watching...more coming soon!

[@dritanvaka22]

Come on from 2002 Owner operator this business it's bullsheet now5.70 $ galon you make sheet now

[@kylemckee]

Very good presentation

[@NadiaVirnan]

Hi I have to semi truck and I need to know which company you have your truck with so I can lease onto them. Can you please reach out to me thank you

[@dt1470]

How much OTR experience you need to get approved for a lease?

[@LRMLeasing]

We do not require any experience however you may find the costs of insurance to not make sense based on your experience. We do not sell insurance but the insurance companies will charge you more if you have less than 2 years verifiable cdl experience.

[@dt1470]

@@LRMLeasing oh ok, thanks.

[@gailmorra]

LRM leases trucks from what ive read.

[@drmidnight680-kz2le]

How many trucks are you leasing

[@shawnfairman911]

Replay from the buckeye.

[@gailmorra]

Sunday is breakdown day. Lol

[@gailmorra]

7:30 minutes in and still waiting about 2023 being O/O.

[@moonmoon3743]

DONT DO IT RIGHT NOW....DONT BUY INTO THE HYPE.

[@LetsEat973]

Hey can how can I reach out to you ??

[@theswampfisher3253]

Never lease a truck with a company get your own truck and do your own bids

[@billymadison1466]

Low freight horrible rates

[@elperrocovero]

Fist Jamaican non Jamaican accent I hear

[@kassanova5430]

You sound crazy. This man is clearly Jamaican lol. My girl and whole family from Jamaica. When you hear them try to speak “proper” English this is exactly how it sound.

[@truckingwithgarry.t8699]

​@Kassanova from you hear the pronunciation you know for sure.

[@frankelse745]

Yes just not to strong.

[@elperrocovero]

@@frankelse745 no wonder that’s why I understood him 😂 Jamaicans in nyc always get mad when I be like what you said

[@terrybane6206]

Do not believe any of this unless you want to go broke.....

[@jackmahle8680]

🚛🏁🏁🏁👍😇

[@austinhunter6554]

Nope