How to Grow a Turo Fleet Using Other Peoples Cars
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- เผยแพร่เมื่อ 1 ส.ค. 2024
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00:00 - Intro
What is up, you guys! In today's video, I will chat with David Army, a Turo entrepreneur out of Vegas who specializes in managing other people's cars or OPCs!
00:46 - Who is David Army?
02:42 - How Did You Approach Your Diversified Fleet?
03:40 - How is the Vegas Market?
06:25 - The Cohosting Model Vs. Management Model
09:06 - Fleet Breakdown
09:34 - How Did You Get Your First Vehicle Under Your Management?
11:01 - How Do You Manage Your OPCs?
14:17 - Cars You Accept Under Management
16:02 - How is Damage Handled?
18:11 - How Do You Keep Track of OPCs?
19:16 - How You Treat OPC vs. How You Manage Your Own Cars
25:02 - What Are Your Long-Term Goals?
27:26 - Do You Have Any Tips & Tricks For Other Hosts?
28:56 - Do You Do Deliveries?
31:36 - Advice for New Tuor Hosts?
32:34 - How Much Does Your Fleet Make?
35:00 - How to Find David Army
36:11 - 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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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 The content in these videos should not be construed as tax, legal, or financial advice...etc, and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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 #SideHustle #Interview
A huge thank you to David for joining the channel! Be sure to check him out on social media at @westcoastdave_
I have two investor cars in my fleet. One thing to be aware of: some states legally require the registered owner to be present when getting a car out of impound. If a guest gets towed and it's your investor's car, it can become quite a headache. I only take on capital investments now, for this and many other reasons.
Interesting.. we have signed power of attorneys on vehicles here in SC
Great contend as always, I would love to see a more indepth model for the OPCs
Hi Aubrey!!! Thanks again for another great straight forward video!!! Keep up the great work.
Nice one Aubrey!... learned a lot.
Definitely a helpful video, thank you for putting this together. I have 26 cars (all my own) in my fleet. Now I am being approached to manage dozens of cars for other people, which is a big shift from the original plan. The liability and the accounting are my biggest worries. I'm terrible with 'paperwork type' organization!
Did you take on and manage opc's? If so, how is it working out for you? A co-worker of mines has been hosting on Turo for 3 years and has a nice fleet going. Its definitely got me interested.
How’s out going… did you hot a Bookkeeper?!
Great interview!
Great video.. same path here in Charleston SC.. airport contactless and taking on OPC now ❤
Woohoo! The video I was waiting for
Thank you! David knows his stuff and for anyone interested in an OPC model, this discussion is gold!
Thanks David & Aubrey🎉
@user-nj4iw6mr5m your a fony user 🆔
Great information as always. My question is what is the proper way to handle Insurance using other peoples cars? Do you put it on your commercial insurance?
Loved the chat thanks guys! Really curious how you guys handle OPC's with getting paid out and taxes. Is that just a 1099 you send them as an expense and pay taxes based on the gross? How do you manage a 60/40 split when it comes to that.
Thanks! Excellent!
I like his concept: Turo arbitrage
Is there a copy of the contract for investors? Would like to see it
How do we protect yourself from if you’re running someone else’s car out and he gets in a car accident and now the person you got the car from wants to sue you. How are you protected?
Great video, from Venezuela, definitively awesome
I'm curious where you and he and others house/store/garage your fleets...
Aubrey, do you have any videos on typical rev share arrangements? I’ve got 2 vehicles booked out into the future 6 months at a major airport. I live 60 miles away. Not practical for me to manage them, and I just lost my parking/manager. Want to find another turo host already operating at airport and rev share with them. Looking for best practices on that
That was great
What app do you use ? Is it zoom?
How can I find other fleet managers to partner with as an investor?
I have 2 vehicles that are listed but when I search for them they are not showing up. Does turo have a limit on how many cars in a market?
It ended up being something on there end. They had to allow the cars and then I was able to see the cars on the search results.
How do you travel since you manage other's cars?
Is your split tax free? How are taxes worked out with your investor
My fleet is solely on other peoples car😂 will start buying my cars when price go down
They are slowly going down!
What do you think about leasing a new car? No depreciation and then I can give it back in 3 years to lease a new one
I been trying to flip houses two years now - it sucks
If you offered on your channel to list other people's cars you might triple your fleet overnight. I bet you could even manage cars outside your state.
How do you figure out the pricing with the investors?
I'm interested in knowing the spilt?
How can I find other managers to add my car to their fleet?
Yes where are you located ?
How much percentage does he give to the car owner?
Watch the video you cow
60% owner 40% , I understood
What all does it cover ?
Peace.. Shalom.. Salam.. Namaste .. 🙏🏻 😊 🌈 ✌ 🌷 ☮ ❤🕊
Very strong MLM energy here.
Indeed. There’s nothing wrong with Turo per se, but the nature of this business strikes me as somehow exploitative. Like, they would be selling Amway, but this pays better.
Isn’t there no actual product in an MLM?
It’s def not mlm because there are only 2 levels. Owner or investor 😂.
@@frankgarcia153 no, people confuse mlm for pyramid scheme. A pyramid scheme has no actual product. Mlm is simply the business structure.
Nice interview
once he sais tai lopez i clicked away. No way that con artist actually help
Get away you negative minds. Keep looking for negative in everything you see
Don’t belive anything this guy says he is full of it