Tow Trucking
- Thread starter Goldmadw
- Start date
I served a short stint at the largest impound business in our city. But that was only a small part of the revenue. The real money was made with our sister business (same location) that did recovery, or as it's commonly known - [size=-1]Repossession. All day long, people coming to claim their vehichles after they've settled up with their finance company and the finance company would send us a release. Or else, we keep them joints and make a nice bounty from the finance company for recovering their property. Back on the impound side, this shit was funny as hell (I can laugh because they got me before I started working there... that's how I got the gig). People would park on private property we contract with would either try to stay there all night or maybe five minutes to run in somewhere. Our drivers would have their whips back in our garage in no time. Then, either you come up with $225 for the first 8 hours and $8 every 12 hours there after or we keep ya shit and sell it at auction, which we also have a financial stake in. Or again, send it back to the finance company and get paid by them.
But the thing is... I think it's extremely hard to get licenced to do it. The towing board watches over you like a hawk. And I heard that our insurance was something like $150k!!! And that was just for the impound side.
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But the thing is... I think it's extremely hard to get licenced to do it. The towing board watches over you like a hawk. And I heard that our insurance was something like $150k!!! And that was just for the impound side.
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Goldmadw said:
A LOT OF WHAT YOU WANT TO KNOW WILL BE BASED ON THE AREA THAT YOU INTEND TO WORK, THINGS LIKE POPULATION AND REGION SIZE WILL MATTER.
WHAT OTHER COMPANIES ARE ALREADY ESTABLISHED THERE ?
ARE THEY BIG COMPANIES ? A LOT OF INDEPENDANTS OR A FEW SMALL COMPANIES ?
ARE YOU IN AN AREA WHERE PEOPLE ARE WEALTHY, MIDDLE CLASS OR BROK AS HELL ?
ALL THESE THINGS WILL MATTER BECAUSE YOU NEED TO KNOW WHO YOUR POTENTIAL CUSTOMERS ARE AND WHAT THEIR NEEDS ARE.
INCOME DEPENDS ON WHAT PART OF THE MARKET YOU DECIDE TO PURSUE.
IF THE CITY YOU LIVE IN HAS A CITY, COUNTY, OR STATE CONTRACT SITUATION AVAILABLE.
IF THEY DO YOU WILL NEED TO KNOW IS IT A CONTRACT THAT WILL BE BIDDED ON YEARLY OR WILL YOU BE A PART OF A ROTATION.
ROTATIONS MAKE IT EASY FOR SEVERAL COMPANIES TO THRIVE OFF OF THE RESOURCES OF THAT CITY AND EACH GET A THEIR MARKET SHARE VERSES JUST ONE COMPANY.
YOU NEED AND IMPOUND LOT FOR THIS TYPE OF BUSINESS
ZONING AND OTHER REGULATORY THINGS ARE NECESSARY AS WELL.
THE BEAUTY OF THIS MARKET IS THE IMPOUND AND INSURANCE COMPANIES.
WHEN THEY PAY THE STORAGE ON SOME VEHICLES THAT HAVE BEEN THERE FOR A WHILE IT CAN GET INTO THE HUNDREDS AND EVEN THOUSANDS ON ONE VEHICLE.
YOU END UP WITH A LOT OF GOOD CARS ALONG THE WAY SOME JUNK AS WELL BUT THEN YOU CAN SELL AND MAKE EVEN MORE MONEY OFF THE SALVAGE OR JUST STRAIGHT UP SELLING THE CAR FOR PROFIT.
THERE IS A SHITLOAD OF MONEY IN THE BIG RIG TOWING
CLEANING UP ONE LARGE TRUCK CRASH SCENE CAN PAY INTO THE TENS OF THOUSANDS EASILY.
THAT TAKES A LOT OF KNOW HOW MANPOWER AND EQUIPMENT
ANOTHER WAY IS TO SECURE CONTRACTS WITH ROAD SERVICES
SUCH AS AAA, ROAD AMERICA, GE AND SO ON.
THESE ARE ALL NATIONAL COMPANIES
THIS CAN BE A LARGE PART OF YOUR INCOME
YOU GET DIRECT CALLS FROM THE COMPANY TO PREFORM ROAD SERVICES FOR THE CUSTOMERS THEY HAVE IN YOUR AREA.
YOUR COMPANY DOES THE CALL AND DEPENDING ON THE ROAD SERVICE.
YOU RECIEVE CHECKS IN THE MAIL ANYWHERE FROM TWO OR THREE TIMES A WEEK FROM SOME AND TWICE A MONTH FROM OTHERS.
THE NEXT AVENUE IS TO COLD CALL ON SHOPS IN YOUR AREA AND SOLICIT
BUSINESS FROM THEM, BUT PLEASE BELIEVE THEY WILL NOT PAY A LOT
UNLESS YOU HAVE SOMTHING THAT ALL THE OTHER COMPANIES DONT
WHICH I DOUBT IS POSSIBLE AT THIS POINT IN THE GAME.
IN OTHER WORDS ,DONT TRY TO REINVENT THE WHEEL.
MOST SHOPS WANT A SERIOUSLY CUT RATE
IN SOME REGIONS OF THE COUNTRY THE PRICING IS BETTER OR WORSE THAN OTHERS.
YOU CAN GET TOGETHER WITH STORES ,SHOPPING MALLS ,APARTMENT COMPLEXES AND THINGS LIKE THAT AND DO WHAT WE CALL TOWAWAYS.
THATS WHEN YOU PARK YA SHIT FOR A SEC. AND ALL OF A SUDDEN A TRUCK BACKS UP TO IT AND ITS GONE.
THE TOWAWAY FEES CAN GET REDICULOUS AND IN MOST STATES ITS UNREGULATED SO THE PEOPLE CAN GET AS MAD AS THEY WANT.
IF THEY DONT PAY THEY DONT GET THEIR CAR
IF THEY TRY TO TAKE IT ITS TRESSPASSING AND STEALING.
PLUS THEY MIGHT CATCH A DOG BITE OR EVEN WORSE ...LEAD POISINING
I HAVE A HOMIE IN MEMPHIS TN. WHO LITERALLY HAD THE WHOLE CITY AT HIS ASS
AND THEY COULDNT DO SHIT ABOUT IT.
PEOPLE WOULD HAVE TO GO TO COURT AND WOULD PARK IN UNAUTHORIZED LOTS AROUND THE COURTHOUSE
HE HAD CONTRACTS WITH ALL THESE PLACES AND WHEN PEOPLE WOULD PARK THERE WITHIN 60 SECONDS THEIR CAR WOULD BE GOING DOWN THE STREET. SHIT WAS CRAZY.....BUT SO WAS HE.
THE FEES WERE SOMTIHNG LIKE 225 WHEN IT WAS ALL SAID AND DONE
THEY WOULD GET SOMTHING LIKE 10 OR 20 CARS A DAY LIKE THAT
HE WAS MAKING LIKE 4 OR 5 HUNDRED THOUSAND A YEAR DOIN THAT SHIT
LAST IS REPOSESSION.
GREAT BUSINESS.....BUT YOU SHOULD BE FAMILIAR WITH THE INS AND OUTS OF COLLECTION , SKIP TRACING AND SPEEDY VEHICLE RECOVERY
THIS REQUIRES SPECIAL EQUIPMENT, EXTRA TRAINING, A LOT OF COMMON SENSE, SPECIAL INSURANCE AND BONDING, AND A THOROUGH KNOWLEGE OF THE LAWS IN YOUR STATE SURROUNDING REPOSESSION.
I LOVE DOING IT....SHIT IS LIKE GETTING HIGH
ITS LEGALIZED STEALING.
THE NEXT THING IS ONCE YOU KNOW WHAT END OF THE BUSINESS YOU WANT TO DO
EQUIPMENT WILL NEED TO BE CONSIDERED
WHEEL LIFT, AUTOMATIC WHEEL LIFT, ROLL BACK, CLASS B, ECT.....
FOOD FOR THOUGHT.............. TO START OUT I NEVER RECOMEND THAT YOU PURCHASE BRAND NEW TRUCKS.
THE NOTES AND INSURANCE ALONE CAN PUT YOU OUT OF BUSINESS
GOOD USED EQUIPMENT IS AVAILABLE AND READY TO WORK.
IF YOU HAVE ANY SPECIFICS LET ME KNOW I WILL ANSWER ALL QUESTIONS
ON THE MATTERS AT HAND.
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good drop.A LOT OF WHAT YOU WANT TO KNOW WILL BE BASED ON THE AREA THAT YOU INTEND TO WORK, THINGS LIKE POPULATION AND REGION SIZE WILL MATTER.
WHAT OTHER COMPANIES ARE ALREADY ESTABLISHED THERE ?
ARE THEY BIG COMPANIES ? A LOT OF INDEPENDANTS OR A FEW SMALL COMPANIES ?
ARE YOU IN AN AREA WHERE PEOPLE ARE WEALTHY, MIDDLE CLASS OR BROK AS HELL ?
ALL THESE THINGS WILL MATTER BECAUSE YOU NEED TO KNOW WHO YOUR POTENTIAL CUSTOMERS ARE AND WHAT THEIR NEEDS ARE.
INCOME DEPENDS ON WHAT PART OF THE MARKET YOU DECIDE TO PURSUE.
IF THE CITY YOU LIVE IN HAS A CITY, COUNTY, OR STATE CONTRACT SITUATION AVAILABLE.
IF THEY DO YOU WILL NEED TO KNOW IS IT A CONTRACT THAT WILL BE BIDDED ON YEARLY OR WILL YOU BE A PART OF A ROTATION.
ROTATIONS MAKE IT EASY FOR SEVERAL COMPANIES TO THRIVE OFF OF THE RESOURCES OF THAT CITY AND EACH GET A THEIR MARKET SHARE VERSES JUST ONE COMPANY.
YOU NEED AND IMPOUND LOT FOR THIS TYPE OF BUSINESS
ZONING AND OTHER REGULATORY THINGS ARE NECESSARY AS WELL.
THE BEAUTY OF THIS MARKET IS THE IMPOUND AND INSURANCE COMPANIES.
WHEN THEY PAY THE STORAGE ON SOME VEHICLES THAT HAVE BEEN THERE FOR A WHILE IT CAN GET INTO THE HUNDREDS AND EVEN THOUSANDS ON ONE VEHICLE.
YOU END UP WITH A LOT OF GOOD CARS ALONG THE WAY SOME JUNK AS WELL BUT THEN YOU CAN SELL AND MAKE EVEN MORE MONEY OFF THE SALVAGE OR JUST STRAIGHT UP SELLING THE CAR FOR PROFIT.
THERE IS A SHITLOAD OF MONEY IN THE BIG RIG TOWING
CLEANING UP ONE LARGE TRUCK CRASH SCENE CAN PAY INTO THE TENS OF THOUSANDS EASILY.
THAT TAKES A LOT OF KNOW HOW MANPOWER AND EQUIPMENT
ANOTHER WAY IS TO SECURE CONTRACTS WITH ROAD SERVICES
SUCH AS AAA, ROAD AMERICA, GE AND SO ON.
THESE ARE ALL NATIONAL COMPANIES
THIS CAN BE A LARGE PART OF YOUR INCOME
YOU GET DIRECT CALLS FROM THE COMPANY TO PREFORM ROAD SERVICES FOR THE CUSTOMERS THEY HAVE IN YOUR AREA.
YOUR COMPANY DOES THE CALL AND DEPENDING ON THE ROAD SERVICE.
YOU RECIEVE CHECKS IN THE MAIL ANYWHERE FROM TWO OR THREE TIMES A WEEK FROM SOME AND TWICE A MONTH FROM OTHERS.
THE NEXT AVENUE IS TO COLD CALL ON SHOPS IN YOUR AREA AND SOLICIT
BUSINESS FROM THEM, BUT PLEASE BELIEVE THEY WILL NOT PAY A LOT
UNLESS YOU HAVE SOMTHING THAT ALL THE OTHER COMPANIES DONT
WHICH I DOUBT IS POSSIBLE AT THIS POINT IN THE GAME.
IN OTHER WORDS ,DONT TRY TO REINVENT THE WHEEL.
MOST SHOPS WANT A SERIOUSLY CUT RATE
IN SOME REGIONS OF THE COUNTRY THE PRICING IS BETTER OR WORSE THAN OTHERS.
YOU CAN GET TOGETHER WITH STORES ,SHOPPING MALLS ,APARTMENT COMPLEXES AND THINGS LIKE THAT AND DO WHAT WE CALL TOWAWAYS.
THATS WHEN YOU PARK YA SHIT FOR A SEC. AND ALL OF A SUDDEN A TRUCK BACKS UP TO IT AND ITS GONE.
THE TOWAWAY FEES CAN GET REDICULOUS AND IN MOST STATES ITS UNREGULATED SO THE PEOPLE CAN GET AS MAD AS THEY WANT.
IF THEY DONT PAY THEY DONT GET THEIR CAR
IF THEY TRY TO TAKE IT ITS TRESSPASSING AND STEALING.
PLUS THEY MIGHT CATCH A DOG BITE OR EVEN WORSE ...LEAD POISINING
I HAVE A HOMIE IN MEMPHIS TN. WHO LITERALLY HAD THE WHOLE CITY AT HIS ASS
AND THEY COULDNT DO SHIT ABOUT IT.
PEOPLE WOULD HAVE TO GO TO COURT AND WOULD PARK IN UNAUTHORIZED LOTS AROUND THE COURTHOUSE
HE HAD CONTRACTS WITH ALL THESE PLACES AND WHEN PEOPLE WOULD PARK THERE WITHIN 60 SECONDS THEIR CAR WOULD BE GOING DOWN THE STREET. SHIT WAS CRAZY.....BUT SO WAS HE.
THE FEES WERE SOMTIHNG LIKE 225 WHEN IT WAS ALL SAID AND DONE
THEY WOULD GET SOMTHING LIKE 10 OR 20 CARS A DAY LIKE THAT
HE WAS MAKING LIKE 4 OR 5 HUNDRED THOUSAND A YEAR DOIN THAT SHIT
LAST IS REPOSESSION.
GREAT BUSINESS.....BUT YOU SHOULD BE FAMILIAR WITH THE INS AND OUTS OF COLLECTION , SKIP TRACING AND SPEEDY VEHICLE RECOVERY
THIS REQUIRES SPECIAL EQUIPMENT, EXTRA TRAINING, A LOT OF COMMON SENSE, SPECIAL INSURANCE AND BONDING, AND A THOROUGH KNOWLEGE OF THE LAWS IN YOUR STATE SURROUNDING REPOSESSION.
I LOVE DOING IT....SHIT IS LIKE GETTING HIGH
ITS LEGALIZED STEALING.
THE NEXT THING IS ONCE YOU KNOW WHAT END OF THE BUSINESS YOU WANT TO DO
EQUIPMENT WILL NEED TO BE CONSIDERED
WHEEL LIFT, AUTOMATIC WHEEL LIFT, ROLL BACK, CLASS B, ECT.....
FOOD FOR THOUGHT.............. TO START OUT I NEVER RECOMEND THAT YOU PURCHASE BRAND NEW TRUCKS.
THE NOTES AND INSURANCE ALONE CAN PUT YOU OUT OF BUSINESS
GOOD USED EQUIPMENT IS AVAILABLE AND READY TO WORK.
IF YOU HAVE ANY SPECIFICS LET ME KNOW I WILL ANSWER ALL QUESTIONS
ON THE MATTERS AT HAND.
make how hard is it to license.
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