This is not a bad business. There are a lot of other equipment rental businesses to get into as well. However, I think the goal should be to start your own business and not work with Turo long-term as they take a big cut and their prices are low.
This could really work. The guy I rented my Turo rental car from has a fleet of 51 cars. 51 !!! He told me he prefers to use Turo as his only rental platform is because they handle most of the behind the scenes stuff; charging people who don't pay toll fees, parking tickets, insurance, minor car accidents. Although Turo takes 25% that's more time for him to concentrate on other aspects of the business or life in general. That 25% is about what he would have to pay for employees to handle those tasks. Not bad
You can choose 90% plan which is way more profitable and better option if you use cheap cars like this person. But Turo takes a huge profit on fees they charge the guest.
Honestly it's better off to use a used car and then a brand new car and choose a 65% option where you're fully covered no matter what.. then when you get your money up you can buy a new car and add it to your fleet..
Seems pretty good but only issue I'd see long term is relying on Turo. They ultimately set the market and how many fees they take. If they decide to make ot uneconomical for you to rent, your business is screwed. Many tech companies like Uber and courier apps are doing this now as their priftability for execs are falling. The first thing to be squeezed out is always the labor.
I'm having a hard time finding any cars in this price range that are not already over the milage limit. Are you buying these with close to the 130k limit and just selling them and replacing once they hit that? Also LOVE your videos, thank you!
I’ve been wanting to ask this question, what kind of car insurance you get for your car, or what type of auto insurance you suggest for people like me who just started Turo business and own 3-4 cars? Thank you so much!
Your lighting has improved considerably, and your camera upgrades help a lot. One thing I would look at are your added sound effects - kinda like a swoosh - on some of your lower third title cards. It is objectively too loud compared to the main talk-track audio and lands currently somewhere between distracting and jarring. Content, as always, excellent!
If a 2019 Toyota Corolla in Tampa FL on Turo is for Rent at U$.29.00 per day, How can you make money renting out an Old 2007 Toyota Yaris?. At U$.10.00 per day? Do not understand?
In the UK the regulation on Turo says cars not more than 10 years old and 130 k miles on the clock. How come is she still talking about 2007 models cars? Just asking if it is different in the United States
I'm a little confused...how do you know you getting a deal on the car and not overpriced..how would you know that and were can you find cars that's under 130,000 miles less than $8,000.... In today's economy I think that's impossible 🤷
smells like fakeguru type stuff that to do not pertain to the modern society in 2023. It be like that for views. Market cars are typically 8-12k. for 80-120k.
@@WilsonLoh I think when she bought those cars for less than $8,000 it had to be before C-19..... now cars are $10,000 to $15,000 with under 130,000 miles for 2013 and up... I'm looking now to start my fleet
It’s completely possible to buy cheap Turo ready cars. I follow a very similar model and am up to 17 cash cars. The way to know you’re getting a good deal is to look up that vehicle’s specific market value (KBB, CarGurus, etc.) and if you are paying less than that value, you are getting a good deal. That’s a simplified way to explain it, but a lot of other factors should be considered.
How are you buying your cars? Through dealerships or private sellers? Dealers have their markup, no dealership will sell a car below market value, which means it’s almost impossible to purchase a car at or below KBB value… unless you’re low balling a private seller
Your camera keeps focusing on your hands. Pro tip: put your mic right where your face will be; turn autofocus off, focus on the mic, then move your mic back and enjoy good focus through the whole video.
Curious, would it be possible to start a business thats strictly for rentals which would include homes, cars, commercial equipment, etc? Or do you have to legally start this business model just for cars? I figured a broad business name that included rentals in the name would allow this? Any business savy people in here? PS.. reason I ask is because I'd like to be able to expand in multiple markets than just being stuck renting cars.
@@brad506I'm sorry but I'm a CPA and what you are saying makes no sense what so ever. Of course depreciation matters. So does taxes payable. Guys, at this point she can break even on turo, take a "paper loss" and still have it be profitable from the revenue she makes from TH-cam and her classes on renting.
@@cmonbaby777 no it doesnt at all for these cars. she buys the cars at the bottom of their depreciation curves. all the depreciating is already done. thats why she buys older used cars cause theres not much left to depreciate and she can resell them for what she bought em for
Hi , I live in hawaii so my Turo business is pretty much all tourists. I have 2 cars now but would like to scale my business. What model would you suggest I follow?
Very Interesting Video. Thank you for your vast knowledge. I have one question, which INSURANCE company will insure all you cars to drive on the TURO Platform?
So all my cars i switched them from FULL COVERAGE to LIABILITIES. And Turo has its own insurance with Travelers. So as long as the car is rented, TURO takes care of the rest.
What happens if a Turo newbie with only car has to cancel a ride due to a repair that came up unexpectedly? That’s one of my biggest concerns. Should I try to find a car to replace the car they were expecting to rent?
@@suer3818 I know. Doesn't change what I said. A customer doesn't care either. They want a car they reserved. Replace the non-working car or cancel the customer's reservation and risk getting bad reviews. You may not be ready for business yet.
So the car you have listed for $26/day (07 red ford focus) is making you $1200/month? Even with no Turo fees, it’d take you 46 days to make $1200. Last I checked there’s only 31 (at most) days in a month. Transparency should be a no brainer, disappointed but not surprised.
I like your videos but you must realize that you live in a great Turo area. I barely make $1200/mo. on $30k luxury suv’s. 2011 cars would not get more than $35/day where I live.
If renter wants to keep vehicle longer. What is the process if another renter booked same vehicle the date it was supposed to be returned? Or is vehicle automatically taken off platform when its rented? Your videos are awesome, thank you for doing such a great job giving info
What would a hotel do if you wanted to stay longer in your room and the room was already booked by another customer? They would either have to offer the other customer another room or they would have to deny you the extension. Same thing here. The Turo platform allows extensions and cancellations. So, it is up to you what you want to do. You could tell the existing renter that you cannot extend as the vehicle is already booked. Or, you could cancel the second reservation and then extend the first one. Of course, canceling any reservation may anger a customer and he may leave a bad review. That is why you need a FLEET.
These videos need to be taken down as to numbers are not the same in different cities Turo don’t honour their claims you are stuck with repairs out of your pocket
If I post a 2014 Nissan verse today. 9 years old and 117k miles. Would it be able to be rented beyond 130k miles and or 12 years old (beyond 2026). I can’t figure out if that still works or that was a long time ago that you could go beyond those qualifications if posted before.
Yes, as long as you keep your annual Turo mechanical inspection up to date. And the CVT is flushed regularly (I'm assuming it's not a manual transmission)...because yeah, if you don't do that the CVT grenades and you're in for a big expense.
Relationship also upgraded from fiance to husband 😂🎉🎉🎉🎉😅
This is not a bad business. There are a lot of other equipment rental businesses to get into as well. However, I think the goal should be to start your own business and not work with Turo long-term as they take a big cut and their prices are low.
This could really work. The guy I rented my Turo rental car from has a fleet of 51 cars. 51 !!! He told me he prefers to use Turo as his only rental platform is because they handle most of the behind the scenes stuff; charging people who don't pay toll fees, parking tickets, insurance, minor car accidents. Although Turo takes 25% that's more time for him to concentrate on other aspects of the business or life in general. That 25% is about what he would have to pay for employees to handle those tasks. Not bad
You can choose 90% plan which is way more profitable and better option if you use cheap cars like this person. But Turo takes a huge profit on fees they charge the guest.
Honestly it's better off to use a used car and then a brand new car and choose a 65% option where you're fully covered no matter what.. then when you get your money up you can buy a new car and add it to your fleet..
Don’t think we did not hear the relationship status upgrade🎉🎉 congratulations!!!!
You forgot another expense which is paying for parking. Where do you park all 26 cars for the lowest price possible?
Amazing and informative content.
Pls keep up the good work
The Uncle Sam part made my day thanks :)
U forgot to mention how much money u r making per month selling 500$ courses 😊))
Yeah those that can't do teach. Look at Wade Cook and Robert Kiyosaki. Bankrupt and broke and selling get rich quick seminars and books.
Seems pretty good but only issue I'd see long term is relying on Turo. They ultimately set the market and how many fees they take. If they decide to make ot uneconomical for you to rent, your business is screwed. Many tech companies like Uber and courier apps are doing this now as their priftability for execs are falling. The first thing to be squeezed out is always the labor.
I'm having a hard time finding any cars in this price range that are not already over the milage limit. Are you buying these with close to the 130k limit and just selling them and replacing once they hit that? Also LOVE your videos, thank you!
I’ve been wanting to ask this question, what kind of car insurance you get for your car, or what type of auto insurance you suggest for people like me who just started Turo business and own 3-4 cars? Thank you so much!
You gotta get commercial insurance otherwise you’ll run into issues later if something happens
@@TheBadGuy69 do you have any insurance provider suggestions?
She mentions Lula and Carsync in different videos. I’d start there. It’s her video titled What You Must Know About Insuring Your Turo Fleet.
Thanks for asking this question! So important!
I thought it was covered by Turo, isn't why they take their cut out?
These prices do not exist yet in the northeast 😢
Where do you get a toyota yaris for 3,000? The ones in my area are 5,000 in the dealership, though they are older years
Your lighting has improved considerably, and your camera upgrades help a lot.
One thing I would look at are your added sound effects - kinda like a swoosh - on some of your lower third title cards. It is objectively too loud compared to the main talk-track audio and lands currently somewhere between distracting and jarring.
Content, as always, excellent!
Oh I love your 97 Toyota for 4Runner and the Lowrider truck!!
Im so glad turo doesnt break views, lesser competition less anxiety
If a 2019 Toyota Corolla in Tampa FL on Turo is for Rent at U$.29.00 per day, How can you make money renting out an Old 2007 Toyota Yaris?. At U$.10.00 per day? Do not understand?
Turo doesn’t allow cars that are older than 12 years. How did you get it approved?
In the UK the regulation on Turo says cars not more than 10 years old and 130 k miles on the clock. How come is she still talking about 2007 models cars? Just asking if it is different in the United States
This is true. For me it’s about $600-1000 per car a month in LA. Ex 1car=$1000 so if you have 20 cars that’s $20,000 if the car is paid off.
what kind of cars do u use for your business ?
@@abbadinoufal3465 I have a variety of cars. Toyota Yaris, Suv's, Mitsubishi Mirage. my small compact cars are always out..
I’m in Las Vegas but travel a lot to Los Angeles as an airline crew member which city would be more profitable? I may buy 2 cars soon to start.
@@speedbird7976 close to LAX
I'm a little confused...how do you know you getting a deal on the car and not overpriced..how would you know that and were can you find cars that's under 130,000 miles less than $8,000.... In today's economy I think that's impossible 🤷
smells like fakeguru type stuff that to do not pertain to the modern society in 2023. It be like that for views. Market cars are typically 8-12k. for 80-120k.
@@WilsonLoh I think when she bought those cars for less than $8,000 it had to be before C-19..... now cars are $10,000 to $15,000 with under 130,000 miles for 2013 and up... I'm looking now to start my fleet
It’s completely possible to buy cheap Turo ready cars. I follow a very similar model and am up to 17 cash cars.
The way to know you’re getting a good deal is to look up that vehicle’s specific market value (KBB, CarGurus, etc.) and if you are paying less than that value, you are getting a good deal.
That’s a simplified way to explain it, but a lot of other factors should be considered.
Agree with Jho. I’ve bought 3 cars at $5000 in the past few months
How are you buying your cars? Through dealerships or private sellers? Dealers have their markup, no dealership will sell a car below market value, which means it’s almost impossible to purchase a car at or below KBB value… unless you’re low balling a private seller
Your camera keeps focusing on your hands. Pro tip: put your mic right where your face will be; turn autofocus off, focus on the mic, then move your mic back and enjoy good focus through the whole video.
Your husband got that Shelby 🔥🔥🔥
How could I make off rent out 1 car?? I wanna start a side business that's easy
Where do you get your cars from??
Love your content
Wait a minute. These are older than 12y. How did you get them approved?
I assume this cars were approved in 2017-2018 and already sold
It only has to be within 12 yrs at time of approval
Curious, would it be possible to start a business thats strictly for rentals which would include homes, cars, commercial equipment, etc? Or do you have to legally start this business model just for cars? I figured a broad business name that included rentals in the name would allow this? Any business savy people in here? PS.. reason I ask is because I'd like to be able to expand in multiple markets than just being stuck renting cars.
Is it net profit ?
Also are you taking insurance and other expenses in consideration as Maintainance needs for each car
She’s not accounting for depreciation either
@@TheBadGuy69depreciation doesn’t matter if you buy cars below market level and then sell them after using them for 2 years
@@brad506I'm sorry but I'm a CPA and what you are saying makes no sense what so ever. Of course depreciation matters. So does taxes payable. Guys, at this point she can break even on turo, take a "paper loss" and still have it be profitable from the revenue she makes from TH-cam and her classes on renting.
Depreciation matters 100% buddy…
@@cmonbaby777 no it doesnt at all for these cars. she buys the cars at the bottom of their depreciation curves. all the depreciating is already done. thats why she buys older used cars cause theres not much left to depreciate and she can resell them for what she bought em for
Idk how any one would want to rent a junk 2300 car. As some one who flips cars in that price range they have so many issues and junky.
Are cars grandfathered in once approved? For example. You 2007 Ford Focus is still rentable even though it no longer fits the age limit.
Kept watching and answered the question :)
So is the 12 year clause commutative? Meaning if you buy a 2011 car today next your you can’t list it anymore on Turo?
Great question. Still no answer on it?
what other places besides the airport allow you to have pickup for a turo car
What kind of insurance do you use? With that many cars
I thought the cars had to be less than 12 years old?
Do you do consignment? Rent out other people’s cars?
Co-hosting 😂😢😅
Does she ever respond to anyone’s questions?
Buy the course lol
Hi , I live in hawaii so my Turo business is pretty much all tourists. I have 2 cars now but would like to scale my business. What model would you suggest I follow?
Your cars all killing it at $1000 a month! 50 car fleet owner here… get more cars they are killing it!!!
How are you automating and running your fleet systems and processes now without Carsync?
What were the mileages at purchase for your cars ?
Where do you park all these cars?
Does your course cover California expenses? Thanks
I thought the cars had to be 12 years old and newer to be rentable on Turo?
If you’re talking about the 07 I think it’s because she got it in 2019. Haven’t finished the video yet though. 😊
There's a grandfather clause. She bought the car and listed it on Turo. Before it was 12 years old and had underr a 130000 miles.
Very Interesting Video. Thank you for your vast knowledge. I have one question, which INSURANCE company will insure all you cars to drive on the TURO Platform?
So all my cars i switched them from FULL COVERAGE to LIABILITIES. And Turo has its own insurance with Travelers. So as long as the car is rented, TURO takes care of the rest.
Makes a lot of sense, thank you. God bless.
What happens if a Turo newbie with only car has to cancel a ride due to a repair that came up unexpectedly? That’s one of my biggest concerns. Should I try to find a car to replace the car they were expecting to rent?
What would a car rental company do? They would replace the car or cancel the rental and risk getting bad reviews. Same would apply to you.
@@krisrap3828 the point being that I only have 1 car 😳
@@suer3818 I know. Doesn't change what I said. A customer doesn't care either. They want a car they reserved. Replace the non-working car or cancel the customer's reservation and risk getting bad reviews. You may not be ready for business yet.
Hello, I'm interested in the Master Class. On the link it doesn't say how much it is... can you advise on how much the course is? Please
700 dollars plus tax
A lot on inconsistency in this video. This makes me sad.! So many of the gurus lie
Can I get some Help Aubrey Janik? I have a small online company, I am trying to grow... I can use a partner...
Is Subaru a good option for Turo? I don’t see many listing for Subaru, but personally I think it a good one especially in New England. Opinions?
Toyota and Honda are prevalent, there are reasons.
If Subaru is the Best, Subaru would have the largest market share to displace Toyota
it trades fuel economy for the cheapest awd. might be worth it in snowy areas
@@tkrdg7885Subarus are abundant in Denver. Depends on your market
What about old classics cars?
So the car you have listed for $26/day (07 red ford focus) is making you $1200/month? Even with no Turo fees, it’d take you 46 days to make $1200. Last I checked there’s only 31 (at most) days in a month. Transparency should be a no brainer, disappointed but not surprised.
That’s what I was thinking there’s no way you could make 1200 a month with 26$ a day
@@adr3naline23 on Turo, weekend rate is usually much higher than weekday, this is why, and other charges
Having that many cheap cars tho = more time intensive cleaning, messaging ect for less money versus getting some more expensive cars
Ya but there's less risk in other ways imo. Less chance of recessions or slow seasons, you're not reliant on a big tourist market.
In Canada, for 5000$ you can get absolute trash vehicle with 150000+ kms….
Your dollar is ~ 2/3 of ours so ahahah
I like your videos but you must realize that you live in a great Turo area. I barely make $1200/mo. on $30k luxury suv’s. 2011 cars would not get more than $35/day where I live.
I’d just give people free info if I got big
If renter wants to keep vehicle longer. What is the process if another renter booked same vehicle the date it was supposed to be returned? Or is vehicle automatically taken off platform when its rented? Your videos are awesome, thank you for doing such a great job giving info
What would a hotel do if you wanted to stay longer in your room and the room was already booked by another customer? They would either have to offer the other customer another room or they would have to deny you the extension. Same thing here. The Turo platform allows extensions and cancellations. So, it is up to you what you want to do. You could tell the existing renter that you cannot extend as the vehicle is already booked. Or, you could cancel the second reservation and then extend the first one. Of course, canceling any reservation may anger a customer and he may leave a bad review. That is why you need a FLEET.
What type of clients do you usually attract?
I trust a woman who doesn't wear makeup. Subscribed.
Natural beauty
@@TheBadGuy69behind beauty 😍🤩
What’s the average profit per vehicle per month?
$1000
These videos need to be taken down as to numbers are not the same in different cities Turo don’t honour their claims you are stuck with repairs out of your pocket
If I post a 2014 Nissan verse today. 9 years old and 117k miles.
Would it be able to be rented beyond 130k miles and or 12 years old (beyond 2026).
I can’t figure out if that still works or that was a long time ago that you could go beyond those qualifications if posted before.
If the transmission makes it that long
Yes, as long as you keep your annual Turo mechanical inspection up to date. And the CVT is flushed regularly (I'm assuming it's not a manual transmission)...because yeah, if you don't do that the CVT grenades and you're in for a big expense.
What about sandwich shops? Is your employee your dad?
Awesome. I'm here from TikTok.
😇🙏
BS