Inside the $100,000 PER MONTH Turo Fleet (85 Cars!)
ฝัง
- เผยแพร่เมื่อ 8 มิ.ย. 2024
- Let's dive into the Turo Fleet that makes $100k per month
Check out Island Rides HERE:
Website: www.islandrides.rent/
Turo Profile: turo.com/us/en/drivers/2456231
TikTok: / islandrides.rent
Instagram: @islandrides.rent
🚗 Learn How I Turned Car Sharing Into a Six-Figure Semi-Passive Revenue Stream: www.thecarsharingmasterclass....
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📍 The Trackers I Use: www.onestepgps.com/?Aubrey-Janik
www.outdoorsy.com/invite/aubr...
🔧 Tired of Spending Money Fixing Your Car?:
fixd-automotive.myshopify.com...
🎥 Check Out the Gear I Use to Make My Videos, Build My Van & Manage My Turo Fleet: amzn.to/3gBbxBE
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00:00 - Intro
What's up, you guys! In today's video, we will be breaking down why Turo is about to explode and how you can prepare for it! Let's go!
01:07 - Island Rides Fleet (How it Started)
06:02 - How Island Rides Funded Their 85 Car Expansion
07:40 - Should You Get a Dealers License?
09:00 - How Do You Staff Your Fleet?
11:00 - Motorcycle Rentals
12:00 - Hurdles of Managing an 85 Car Fleet
15:00 - How Do You Handle Communication?
17:00 - How do You Manage Maintenance?
18:00 - How and When Did You Switch to Business Account?
20:00 - Building a Website For Your Turo Fleet
24:00 - Your Best Piece of Advice?
26:00 - How Much Do You Make?
28:00 - Closing
Thank you all for watching! Make sure to Like, Subscribe and hit the notification bell!
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Disclaimer:
I am not a CPA, attorney, lender, or financial advisor. The content in these videos should not be construed as tax, legal, or financial advice...etc, and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a TH-cam video for entertainment purposes ONLY. IF stocks or companies are mentioned, Aubrey may have an ownership interest in them - Please do not make buying or selling decisions based on Aubrey’s videos. If you need advice, please contact a qualified professional.
#Turo #100k #SideHustle
Make sure to check out Island Rides on TikTok! You can find them at @islandrides.rent
Wow! We thought you are now making $200000 per month on the app.
Thank you for this. I'm a power host as well and I learned alot from this interview. You could've just had a private conversation with him but instead you made it available for everyone. Thanks!
I'm a Turo host in Florida with 9 car and a full time job this was very very helpful thanks 😊
Dude that’s awesome congrats. If you don’t mind me asking what’s your average profit per month for all 9 cars?
I feel like the secondary benefit to buying wholesale at an auction via a dealer's license is the ability to shift gears very quickly to car sales if and when you wither need to liquidate your owned auto inventory or the rental market goes to hell and you need to develop a secondary source of income.
This was one of the best videos I’ve ever seen on TH-cam! Tons of information to help the newbie.
EXCELLENT VIDEO!!! Got some good nuggets. Keep up the good work!
Thanks for the great interview! Learnt great stuff.
You are doing awesome! Thank you for this. It was very informational!
Great interview! Thanks for sharing with us. Let’s go Florida!!
This was a great interview! I just added 4 more cars to my fleet over the past 2 days. Currently sitting at 6 vehicles now with the goal to at least get to 15 vehicles within the next year if not sooner. Keep making great content, I’m located in Dallas as well it would be great to meet and connect with you at some point.Hopefully I can get you on the podcast.
Hey Ced I'm in Dallas but Denton to be specific and I'm looking to get more cars is there a way to reach you and learn game if you're open to it or maybe even a joint venture to grow?
@@joshuaguillory3756 please share any knowledge you have with me as well please. I would like to have around five units myself I currently have one. Would like to acquire another before years end
@@Somemessithoughtof hey bro 1 way is look up on here how to buy multiple cars for Turo in 2022 and the name of the profile is Turo tactics and he'll explain how to get like 2 or 3 (I just saw this one over the weekend). Another way is get a loan and within 30 days you can go to multiple dealers and get multiple cars and it hits your credit only once. Look into the last one yourself more tho.
Wow! Great interview, great questions! Thanks again for illuminating and sharing with us what's possible!
Thank you for the kind comment!
Thank you so much for this interview! Very informative!
Thank you!
Amazing work again, great questions. I just got my first car (2011 Fiesta) and will be ready to list next week. Who knew extra car keys were so expensive!
What a great video! You both are so professional!
Great interview! Love the detail
Great interview. I have 2 nice economy cars, one nice F150, and One new BMW GSA 1250 in San Diego. sound like a great way to make extra money. all are paid for.
Awesome interview!
Awesome info👍
Great stuff! Thank you both💙💜💛
I really enjoyed the video and learned a lot. I appreciate you guys Peace and Love Brooklyn NYC...
Thank you! Appreciate the kind comment!
Great interview! Thanks!
Great interview, great questions!
Great interview and tips! A website is an awesome idea!
Just thinking of getting started... you are the best.
Aubrey, quality interview. 👌
In California,you can get a dealer wholesale license,and have a home office as long as the office in on the 1st floor.
And you need 2 parking spaces, and the home office has to be in an area zoned for a dealership
@@glassawata
I told by the DMV,I couldn't have a home office only because I'm on the second floor in a condo.They said,if I were on the 1st floor,I could have a home office.The home office doesn't have to be zoned anywhere as long as It doesn't impact my neighbors.
Great interview 🔥
Thank you!
Great content. Turo host for only a year but expanding a car about every 3-6months or so currently at 3 looking for my 4th. Such great info in here. Not sure how large I can grow in this market so I’d be interested to see how some may have portions of their fleets in different cities.
Interesting interview. I'd like to know what the profit is instead of the revenue because you could be bringing in a ton in revenue but, after you factor all of your expenses, it's possible you might be left with very little to no money at all.
Great video, thank you!
great video, one of the better ones.
Thanks for the interview. I’m about to put my Camry on Turo next week. I’m nervous and excited. I’m testing it before I buy another car to put on it.
Tip: low-balling prices attracts riskier guests. Keep your car super clean and put a couple water bottles in just before a trip so you can charge more
@@glassawata I put the bottle of water for every rental so far. I then got a 2020 BMW and it's been a headache so far. But this weekends guest have about $600 in fees from violating my rules. Definitely going to charge a lot more for it.
Great video. @ 7:02, you can see the light bulb go off!
I've been thinking about potentially starting a fleet and I live in Fort Myers! I've seen some of the Island Rides vehicles while browsing Turo even! Small world!
Great video!
Hey Audrey, I just started Turo in March and I’m almost doing a 100k a month. With 85 cars he should be making way more in my opinion.
what make/model is the bulk of your fleet? What location? Congrats 9n quickly scaling
great contents and wonderful videos. thanks for sharing .....,,,
Nice Job Aubrey! You asked some good questions.
Great interview! Looking to buy my first cash car for Turo with the recent raise i got at my full time job.
Amazing!
Good stuff 👍🏽
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I started with 3 personal vehicles and once my new idea of sourcing vehicles with out using credit or down payments ranging between 2016 to 2022 and newer
Thank you 🙏🏿
I'm researching business options and this is one of them. Can you touch on the numbers please? $100k a month for 85 cars is $1177 per month per car, which assumes he's renting each car non-stop for $40 a day. That alone is impressive if accurate, but I guess the $100k is his "gross" income and doesn't include any expenses? Is that accurate?
Curious to know which of his cars have the highest ROI. Great interview
Great interview! I did wish that you asked when he transitioned to commercial insurance and also which Turo plan he uses.
After I got dropped by progressive when an accident happened. ABI insurance or Lula is good. 90 plan with that much income.
Great feedback! I will be doing these style interviews in the future and will be sure to add that to my list of questions! Most large hosts use the 80-90% plan in my experience (though I’m not sure on island rides)
@@recordfinder I'm in the process of transitioning to lula for my small fleet of five. They've given me the best prices out of all the agencies that I've contacted.
@@AubreyJanik Thanks for the response! I'm currently on the 75 but I've been considering changing it lately. BTW your channel has helped me so much as a host to build a small fleet. I really appreciate you and HP sharing your content.
@@ro5245 I’m transferring everything to them now. ABI was $60 a car, lula $99 for my size fleet. But lula is active all the time and 1000 deductible vs 2500.
My goal has been to get a dealers license and I have been trying to run turo also. I thought about how I could register other cars to the dealer but wasn't sure I could put them in turo if they are registered to the business or if it was possible with my name on the business and account as well. I'm thinking the way was to use the dealer as a separate company and just sell the cars to myself. Any ideas? I'm in Michigan so I know the rules are different.
great job!!!!!!!!!!
there is a guy here in south Forida that has 20.000 trips within three locations in US
What is the insurance payment on 80+ cars ..do you get a multi car discount
Great video. Random fact: I'm wearing the same Bronco shirt as I watch this video... ;)!
I can easily source 20-30 more cars even 100 without spending a penny and all of them are Turo qualified cars
Do you know of an inventory tracking system for your vehicles? For example, if you have 10+ vehicles is there a software system that you can purchase that allow you to track your vehicles from purchase through the rental process through and use when you get rid of the vehicle?what you bought the car for, how much income the vehicle has produced, or associated with the vehicle?
aubrey, do you deliver the cars and pick them up yourself.......... if not, how did you automate it?
How’d he get the 40 cars without the dealer license then?
You don’t need it. Dealer license is just to buy car at auction and save money. You could get 40 cars on personal credit if good enough but most people transition the cars to LLC well before that. Once you have established business credit, it’s not that hard to get $1M funding with a good personal credit profile and collateral (cars are collateral).
Hello. What type of insurance does he have?
I have dealer licenses now for about two years now I’m just starting Turo
This is a goal for me as well. I only have a few cars right now but want to expand.
If I buy a 2011 in very good condition with 65,000 miles and get it on the app this year, will I be able to keep using it? What is the Turo Policy on that? I do see other cars that are 12-14 years old that are still on the app.
Hi Aubrey, I am planning to purchase 2022 Porche Taycan and rent on Turo platform in Irvine, California. Based on your experience, what is the practical rent price and how much I can generate per month. If you'd share your opinion, I truly appreciate your comment. Thanks,
Awesome stuff...
Thank you!
IMO, the most difficult challenges to be able to acquire and run such a large turo fleet are, in no particular order :
1) Being able to afford/finance so many cars
2) Finding a convenient (and large) parking area to store the cars at an affordable price
3) Managing the logistics
For me personally, 2) is the greatest obstacle right now :/ Hopefully you can make a video about how to find cheap/affordable parking soon!
I was waiting for you to ask if they had a Commercial Host, and what are some pros and cons of being a Commercial Host.
They get financing through a business loan LLC
Why do hosts cancel at last minute? This happened a few times when first trying out Turo.
This is whats known in the player game as a "headache hustle" someones gotta do it though and its #freemoney for them. Good job everyone!
I see expenses go up with fleet size, employees, shop, so what is the average NET income at that fleet size? Where is the sweet spot?
I was waiting for you to ask if they were a Commercial Host, and what are some pros and cons of being a Commercial Host.
100% you should get your dealer license, a big part of a car rental business is the reselling of your inventory.
I had a guest ask for a car seat this week. Guess it’s time to add one to my extras
I bought one right after finishing this interview! Will see how it does!
i had neighbors getting rid of theirs due to kids growing out of them so i have two freebies I've made $$ from. Had another guest buy a booster seat and told me I could keep it. Free $$.
Hey! My fiancé an I started on Turo 4 months ago and we are at 13 cars with 3 more getting work done and going up soon. Took a lot from your videos. Would love to talk sometimes
Congratulations. How do you give them key when you're not there
@@glowatech5 I use a keybox
100% on car seats and booster seats. there's always someone getting rid of one that's aged out of it. ever consider connecting with someone local and hear from someone on more of the luxury/niche side? plus we could each use a Turo baby-sitter :-)
Sorry but the sound is low,if the sound can be higher specifically the other side.
Solid
Thank you for the great videos. You mention street smarts? Couldn't find what I thought you were referring to in the app store.
Hey! So I tried Turo this month, after you replied to my comment! An update on it, I ended up unlisting the car because I quickly found out it’s nearly impossible to rent around the tight availability I had set (Basically only weekends 10-10 AM) I tried to turn off my availability to see what kind of requests I got so I could cherry pick the best ones and ended up getting a “we might deactivate you” email lol because I declined so many bc the length was too long, I can only rent out 1-2 days max and there’s no setting for that.
There were a lot of requests which shows me there is so much potential there…so I’m thinking of buying another car so I can make one car full time on turo. Would you recommend that in these crazy car buying times…or should I wait until prices go down so I don’t risk being upside down?
A
update I’m now buying another car lol
P
Q
Also, using public trans while your car is out may be profitable depending on where you live
Just starting. This is a jewel. What's his name?
So save enough for a dealer's license and lot to buy the better cars at copart?
Thank you for this.
You don’t need a license to buy at Salvage Reseller. They are a broker for Copart so they have the same cars.
You can’t use salvage copart cars on Turo. Copart is not a normal auction.
@@recordfinder copart sells salvage cars and regular cars. The auction will list the status of the title. Salvage, destruction, state cert of title, etc. I have bought many cars from them.
Most of the vehicle sold at auction have salvage titles, how'd you know it's not?
On Copart or Salvage Reseller all auctions list the title type. You can filter by title type, vehicle condition, etc. You need a license for Copart, you don’t need a license for Salvage Reseller.
Where do you rent out Motocycles ?
twisted roads
@@sharky2675 OK great... thank you I have to look into that !
Hopefully he had insurance on them after Ian.
Aubrey my name is Ali , I’m fairly new to turo , and thought of a way to get vehicles legitimately without paying for the, while solving a problem
how
I love Aubrey, you’re a beast.
I now have 9 cars accumulated in the last 3 weeks
$100k a month!?
🤯
averages out to about 39 dollars per day per car
Is this revenue or profit?
Is this revenue or profit?
One of the Biggest scams Turo of car Renting They told you you have insurance $500 deductible and
Every little scratch owner Will told you to or pay to him some amount or you going to pay 500$ any way In my opinion it’s scam
👨💼👍
this business is sus af
GET OUT
Him: (says anything) her: wow oh I love it can I have your baby?
Her questions are spot on but this guy is rambles WAY too much, especially around the most important questions like the details around his bulk financing, i believe he was purposely getting vague... a horrible interviewee
*I will forever be indebted to you😇 Mrs catherine ????you’ve changed my whole life I’ll continue to preach about your name for the world to hear you’ve saved me from a huge financial debt with just little investment thanks so much Mrs catherine Nathan..*
WOW....amazing to see someone who trades with Mrs Catherine nathan, i am currently on my 7th trade with her and my portfolio has grown tremendously.
This is not the first time i am hearing of this woman and her exploit trading world but i have no idea on how to reach her?
I'm a beginner. How can i get her assistance?
@@philipmason5190 *she can be liaised ,on Telegam,with the username @INVESTWITHNATHAN.
Trading alone is quite risky , i have lost a lot trading for myself but made massive turnover of my fortunes since i started with Mrs nathan,she is the best