Thinking of renting out my Hopper

Mar 18, 2015 at 04:02 PM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. I have a 2014 hopper bottom trailer currently just sitting, have been pondering renting it out. Any words of advice??? Please, no one word Smart A$$ comments needed. I see posts for people looking to rent and looking to rent them out, so just wondering outcomes from those who have rented or rented out a hopper. Thank you.

Replied on Thu, Mar 19, 2015 at 08:56 AM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. Be sure you and the renter go over the trailer thoroughly and record any and all damages to the trailer before the renter takes possession of the trailer, pictures are also recommended. Be sure you have in writing who is responsible for repairs and maintenance and also have them add the trailer to their insurance to be covered to the dollar value you deem the trailer to be worth and provide you with the insurance certificate proving so.

Replied on Thu, Mar 19, 2015 at 08:56 AM CST

Posted by a private BulkLoads.com member.

Be sure you and the renter go over the trailer thoroughly and record any and all damages to the trailer before the renter takes possession of the trailer, pictures are also recommended. Be sure you have in writing who is responsible for repairs and maintenance and also have them add the trailer to their insurance to be covered to the dollar value you deem the trailer to be worth and provide you with the insurance certificate proving so.

Replied on Thu, Mar 19, 2015 at 09:01 AM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. Thank You, I appreciate the feed back. Taking pictures is a good idea, as trailer is nearly new with no damage.

Replied on Thu, Mar 19, 2015 at 09:37 AM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. The only way you can rent a hopper is to have control of the revenue from it, which is hard to do unless you are the Broker also. You lose control of your trailer, the tires and brakes get wore out and usually end up ith a shreaded tarp and body damage. I have also seen Brokers that own trailers and rent them that have even run into problems with collecting and reposessing their trailer...Out right selling is about the only security you have for your investment..

Replied on Thu, Mar 19, 2015 at 09:37 AM CST

Posted by a private BulkLoads.com member.

The only way you can rent a hopper is to have control of the revenue from it, which is hard to do unless you are the Broker also. You lose control of your trailer, the tires and brakes get wore out and usually end up ith a shreaded tarp and body damage. I have also seen Brokers that own trailers and rent them that have even run into problems with collecting and reposessing their trailer...Out right selling is about the only security you have for your investment..

Replied on Thu, Mar 19, 2015 at 12:27 PM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. would you be interested in owner financing it to me I could give you a big down payment

Replied on Thu, Mar 19, 2015 at 12:32 PM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. Quote: "Be sure you and the renter go over the trailer thoroughly and record any and all damages to the trailer before the renter takes possession of the trailer, pictures are also recommended. Be sure you have in writing who is responsible for repairs and maintenance and also have them add the trailer to their insurance to be covered to the dollar value you deem the trailer to be worth and provide you with the insurance certificate proving so." We do the above with the renter. Pictures are always taken. Contract includes who is responsible for maintenance and repairs. We also check on status of the upkeep and condition of trailer regularly. We carry all the insurance on it BUT charge it back to the renter weekly with the rental payment.

Replied on Thu, Mar 19, 2015 at 12:32 PM CST

Posted by a private BulkLoads.com member.

Quote: "Be sure you and the renter go over the trailer thoroughly and record any and all damages to the trailer before the renter takes possession of the trailer, pictures are also recommended. Be sure you have in writing who is responsible for repairs and maintenance and also have them add the trailer to their insurance to be covered to the dollar value you deem the trailer to be worth and provide you with the insurance certificate proving so."

We do the above with the renter. Pictures are always taken.
Contract includes who is responsible for maintenance and repairs.
We also check on status of the upkeep and condition of trailer regularly.

We carry all the insurance on it BUT charge it back to the renter weekly with the rental payment.

Replied on Fri, Mar 20, 2015 at 11:11 AM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. what size hopper do you have? I might be interested in renting it for a while i have one truck and trailer right now and im in the process of buying another truck as we speakI might be interested in renting.. If you could send me some information that would be great/... Travis Hunt 270-348-5608 [email protected]