I've Been Making Changes With My Turo Fleet
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- เผยแพร่เมื่อ 17 มิ.ย. 2024
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00:00 - Intro
What's up, you guys! In today's video, I will discuss some of the biggest changes I've made to my Turo fleet in recent months and why.
01:04 - 2-Week Policy For Repairs
04:51 - Employee Pay
10:42 - Offering Delivery (Sort Of)
15:00 - Closing
I hope you guys enjoyed this video; make sure to hit the like, subscribe, and the notification bell, and I will see you guys in the next video.
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#Changes #Turo #CarMarket
Love seeing these kind of business practice updates
Best thing I ever did was increase delivery to $120 on my vehicles. I just increased trip minimum to 3 days on delivery locations. My fleet is nearly the same size and type vehicles.
Good to know! I hate the idea of doing delivery for cheap, but at $120 it can be worth it occasionally
I’ve owned a business for 20 years that has required a 24x7 lifestyle. I do a lot of deliveries, but I also don’t mind working 16+ hours a day. I’m doing far less running now that I’ve increased my daily rates dramatically and set the discounts to encourage the longer rentals.
Watching for Lincoln Navigator related content. I’m in the same segment with a similar vehicle and love watching how you two do things.
before you listen to her with the employee, check your local laws. if she did some of this stuff she suggests in California, you'll be in legal issues
If you did much of anything in California, you’d be in trouble lol. When I was a kid, I wanted to retire to California but you wouldn’t catch me dead there now.
She lives in Texas so her comments are based on the laws in that state. We don’t consider California as part of the USA anymore any way. But thank you for assuming that anyone cares what goes on in California.
@@gregoryroth9638 I know she lives in Dallas. That's why I said to check local laws.
Everything is illegal in California
Exactly everything is illegal in California 😂
for airport delivery I use the delivery fee to cover parking fees and uber ride for drop off and pickup. I find after Turo takes 10% I break even to plus minus $8; anything less than $120 I would not break even; that is with my time being free. Just Uber and Parking is $48.. you only get $54 to service the delivery. If uber is in a surge rate; I pay a little more than $54.. $120 barely catches balance if you give your time for free.. Note Turo takes 10% leaving $108 total.
$54 per trip is what you have to work with. $120 sounds like a lot until you actually start running the real numbers.
I'm in a similar situation with airport deliveries here in Las Vegas. Usually, Uber is about $35-$38 to the airport, but in surges it gets pretty bad.
I stopped doing deliveries because it often just didn't seem worth my time (an hour stuck in traffic back and forth combined with $80-90 in Uber costs just seemed ridiculous when I was only making $108).
I took the city bus once just to see how it went, but then it was a bit over 2 hours each way on the trip.
Cost of delivery will almost always be way more than you expect. I think it's smart to start without delivery and then ease into it little by little as you are doing, while monitoring profit along the way. Offering delivery on all vehicles right out of the gate can get really crazy really fast (I learned that the hard way). In a lot of situations, I think hosts will still lose money on delivery operations even charging $120. Great video!
Great info!
Aubrey, thank you for sharing your knowledge and experience. I’m just entering the space and I feel I get valuable information out of your videos. Let me know if you’re open to do a call with some questions I’ve come up with regarding having a fleet. Thanks again!
Steven
Something to mention with delivery is the location. Some airports ( because most deliveries are to airports usually ) are very strict with turo host and have insane fee regarding Uber and Lyft. In my area the Uber from the airport to my home is 20-25$ and usually I offer free delivery after 3 days, this allow my cars to be book usually from Friday to Monday or Sunday. Now I have mu GF always picking me up, the 10 times, only 1 or 2 I pay Uber but this is something to take into account, how easy is you area. Airports like Los Angeles LAX are a mess, and a waste of times, I can deliver a car in 25 minutes or less.
Question ❓ what is the PCM on the Honda? Power Control Module??
You have alot different variables in running turo. Who do you use for legal advice and contract reviews?
How many miles do you put on a rental until you retire it, or do you base it on the vehicle's condition?
its vehicle specific
Here is an update on my Turo fleet. I bought three cars monthly payment $1200$ insurance for all three $320$.. All three of them made $1300 together I’m in -$220 any tips? Im in Las Vegas and highest I can go is 40$ a day and my cars are nisan sentras 2019
Message me on IG @aubrey.janik and I can try to help! Hard to say without looking at your profile
Having monthly payments eating away at your profits does not help. It’s best to start with cash cars.
Unfortunately, you’re going to find that you will have transmission issues with those cars as well. The simple answer is buy cash cars.
Agreed. The current administration really screwed up everything financially speaking. It's almost impossible to buy a new car. Without paying what would have been considered monthly rent. Also. Look for cars that historically speaking will accrue and go for big miles with minimal but consistent maintenance (smart).
How do you do airport delivery ???. Turo banned hosts from delivering to the dfw airport
Directly to, yes. You can still deliver to a nearby location that is off airport property. (disclaimer, I am nowhere near that market, but I do communicate with hosts who are.)
I really think you guys need to get an Minivan, they are always needed, wanted, they carry 7 people and they are not huge, and scary for people to drive. They usually get good gas millage and relatively cheap. I have on enlisted, and i had to raise my daily cost because it is gone so much that my time was really being accounted for. I have not had any slow down in rental, and I live in a small town, not any were close to you city size.
What kind of minivans do you have I heard the Chrysler & dodge are not very reliable
They have Mazda 5 mini vans
We are always looking for one! 100% on the Mini van train! Just need to find the right one. We do have a mazda5 but it’s sort of on the fence of being a minivan
I have a 2016 Chrysler town and country, there are only a few issue with them, but over all reliable. The motor mounts are weak but cheap and easy to install in your garage the scariest issue is the oil cooler. It runs about $365 for the upgraded aluminum body DORMAN replacement, and I changed mine out in about 3hrs with basic hand tools. Other than that it has been great. If you are looking to get one, check the oil cooler, replacement with a aluminum body usually have an orange cap, or have a plate stating it has been replaced. easy to find right between the airbox and engine cover on the passenger side. @@shipidia4500
We have a ford Flex that’s almost always rented out. It fits 7 people. It’s also in UT where there’s a lot of big families traveling in. Almost all of my rentals are out of the Provo airport, which I charge $35 delivery fee. I’m constantly looking for other 3 row vehicles!
Can you list a car on turo out of the state you live in???
The Turo customer service is telling me that the license plate of the car must belong to the state where the car is being rented and comply with all inspections, such as a smoke check, in that state according to its laws.
50% of my revenue is airport split between both airports. But now turo is banned from DFW. Luxury car customers pay for luxury items. Most host love field is
Because Audrey is a small business person, she has the option of different pay structures for a part time employee. In this case the pay structure was based on an individual employee performance. There are certainly some employees that even if payed by the job, would do the same quality of work if paid by the hour, but with this employee it was not the case.
Hope you are doing good Aubrey, currently have money in the stock market, letting the gains go towards funding my turo cars. I’m looking to purchase your course hopefully around Black Friday or end of year. Are you going to have any discounts on your course? Thank you so much! You’ve inspired me to go down this road. Just got into stocks recently and tbh being an employee long term is financially dangerous. I’m trying to establish multiple streams of income.
Aubrey have you done a video on Inflation Relief Act? I see these ads on TH-cam so much that i wanna know if its real or not and I know you're the one to ask.
Hello aubrey I’ve really been wanting to get started with Turo thinking of pulling the trigger and buying the course my only concern is I got a felony for possession 4 years ago was just curious if Turo background checks hosts?
Set up a LLC. Aubrey’s class is worth every penny for new hosts
@@johnwoodfield2080 but i have a felony wouldn’t that affect my acceptance as a host?
@@johnwoodfield2080 does Turo background check? Or does a llc get you past that
I don’t know but you could get someone else to own the LLC in a partnership of sorts and you do all the work
@@johnwoodfield2080 when you started Turo did you get background checked?
Aubrey, AKA Fearless Leader. Yes, I like Rocky and Bullwinkle.
Lol
I think you just need a new employee 😂
Switch the navigator for a Tahoe
Thanks for nothing hp
lol, Hp is the glue the holds the fleet together…literally
@@AubreyJanik got it. Hp is worth 1 bottle of Elmer's glue.
@@whatthefunction9140depending on the day, maybe 2
How could anyone who takes their business seriously let something that generates them income sit for 1+ month(s)… kinda pathetic if you ask me.
To each their own. We knew this was a problem vehicle and didn’t know if wanted to commit to fixing something we may not be able to fix or something we were just gonna sell. I’d rather have a car sit for a month than have it die on a guest. People let cars sit all the time for a variety of reasons…repairs is one of those
I think the take away from that is that they had a problem and recognized it. Kudos to them for putting a process in place to fix the disconnect on the link. That’s what being lean is all about.
@@bobnovaes9363 it’s pathetic they have such a problem when they advertise their “knowledge” and use it to sell a course to suckers online
They didn’t just let it sit. Check out the other videos on the Civic. HP really did try to fix it and replaced a lot of parts on it. They also had to fix other cars and there was a backlog of todos. Now, if they just let the car sit and didn’t touch it except for the occasions where they sat on the hood and ate big bags of Doritos, yea, “pathetic” could be used. But they didn’t.
No one asked you 🙄