Black Friday sale ends this THURSDAY (11/30), to get $200 off use the code BLACKFRIDAY200 -- with the course, you'll gain access to our Private Discord and Monthly Live Zoom Calls, this months Zoom Call is this Wednesday, November 29th, so sign up before Wednesday to be able to attend! You can find the course HERE: www.thecarsharingmasterclass.com
Amazing! Congrats! Make sure to raise the prices for Christmas, don’t want that low daily rate to be booked out for those busy days during the holidays!
Im a new Host, and just had an amazingly high rental history in the last 30 days of hosting my new 2024 Toyota Corolla Hybrid. And a few days ago, I received a new rental for 35 days straight starting Dec, 3rd. I unfortunately had the discounts set at recommended, and lost $350 due to the suggested discounts. Thank you for posting this video, as you have opened my eyes to lowering the discounts so as not to lose so much revenue.
Just started Turo....thanks to you! Had my settings on book instantly, stated guests must follow the law, got two guests. Both have driven the car 99mph or above. Drove above 85 even after I told them to slow down, showed them the telemetry data. Highest speed in the area is 70, most 65. WHAT AM I DOING WRONG?!?!
I just picked up a Mitsubishi mirage GT the highest trim for $8400 with only 65k miles. It's a one owner got the car blow market value I always try to buy any car blow it's value. I have to get some small things sort it out on my mirage then n a few weeks I will have the car listed! My first rantal wish me luck!!
You got to mention the type of renters you attract with some of these settings like one day rentals, auto booking, dirt cheap pricing and 1 hour advance notice. Depending on what area you’re in you severely increase your chances of getting high risk guest. All money isn’t good money.
@@missmaryjanegreena total is the best case scenario. It’s plenty of other fucked up situations that can happen. Don’t be mad cause I’m keeping it real. That shit ain’t all sweet
@@Takeiteazy89 LOLOL smoking - there is a fee, trashed the car - there is a fee. All of this still results in a positive scenario. Y’all being fearful says a lot about your issues.
@@missmaryjanegreenstolen car crimes committed with the car damaged car in shop for weeks cleaning dirty disgusting trash a guest left behind. You might be limited to those experiences but I’ve done it before and I prefer to deal with better guest who are actually responsible and take good care of your vehicles. Plus I make more money with less vehicles. If all you can afford is hoopties then say that lol
@@Takeiteazy89 all you can seem to do is put down the content creator & her cars/systems. Sounds like you have nothing better to do with your time 🤷♀️
I loved how well put and informative this video was. I’m an 18 year old who wants to get into the rental car business and also live in the DFW area. I was surprised to hear that I’ll have a huge competitor from the get-go lol
Thank you kindly! I’ve been renting a 2019 Ford Flex consistently for about 9 mo now. I was wondering why it didn’t have any bookings for the last part of Nov-Dec 15th. Turns out I messed up a calendar block.🤦🏻♂️ My in-laws were here so I blocked it out for them to use but put way too many days on it by accident. Anyway, this video reminded me to look at my settings. Rookie mistake.😂😂
I will tell you my experience with Sentra 2016 32$ a day making little over 350$ a month 140 for Insurence Oil change is 120$ Tires are 500$ let’s say u do it yearly 350x12=4200$ it makes me a year After 21k miles added to my car and after I payed Insurence and Turo changed tires and oil had left me with 1000$ for a year it will take me 10 years to pay it off
That oil change price is suspect too. You must go to somewhere like Jiffy Lube which is costing you way more than you should be paying for a rental. Even Walmart is around $40-$45 for that car.
GREAT INFORMATION on the settings and very thorough explanation of what each change means in the real world. Questions: - Do you think having calendar blocks could hurt a host's ranging with the Turo algorithm in a competitive market? - (Suggested Episode Topic) With having so many cars at a low price point, do you encounter a lot of problem renters? If not, what are you doing to avoid things like renters trashing or smoking weed in your car?
Love your videos! Do you guys give discounts to return renters? I only have 3 cars right now, but I’ve had the same person book my Corolla 4 times in five months. I’ve been giving them 10% discount codes.
I bought the minimum protection before confirming with my insurance about coverage- my insurance covers 100%. Now Turo won’t let me modify or cancel the protection. I feel like I just been duped $133
Wonderful tips Aubrey! I have an interesting question! Let’s say someone books one of your cars in the middle of the night at 3 AM with a 1 hour notice. Since you’re most probably going to be asleep, how do you verify the guest identity so that he can have access to the lockbox? Do you have an automated message that sends the guest the exact code?
Okay I got a question. I have one vehicle on Turo currently. How do you handle vehicle maintenance if someone is renting your vehicle for months at a time? Obviously, you don’t want your vehicle being driven for thousands of miles over a oil change. What if it needs breaks, tires, etc. Thanks!
My guess have the guest bring it to a mechanic and pay them. It's to be expected if your a guest renting a car for months that it will need to be maintained
That’s what I do, I had a guest go 1400 miles away. They started with a 2 week rental and kept extending They ended up using the car for 6 weeks. I let them know if oil was due to take it to a shop and I’d just pay the shop over the phone.
Im also in the dfw area, just moved here two weeks ago. Was looking into getting into the market with higher end cars but seems very saturated, wondering if you would mind grabbing a bite to eat and discussing a few things. Thanks in advance!!
Hello, thank you, the video is great. I've been watching some videos where finance companies are confiscating financed vehicles because they are being rented on Turo and this is not described in the contract. That is true?
Great video, thx for the tips. Just wondering if u put any mile limits on your turo cars or geographic limits (i.e. cant drive it out of state etc...)?
1 time someone booked my car when I was asleep. Pick up was at like 2am I was like obviously asleep. Got hit with no show and person was compensated my hours are from 8am to 12am and it’s worked fine
30k a month is passive income? I'd be set for life with that kind of income. Funny how the hardest working laborers that keep the country running and maintenaned, dont get paid nearly enough compared to people that think 30k a month is only passive income... 🤣
Its pretty stupid that people rent cars for months. Like, just buy your own car bruh. Say you rent a car thats $35 a day for a month thats $1,050 a month you are spending. Just have a $300 to $400 car payment a month. Smh.
As a car owner, you only mentioned the car note and left out car insurance and maintenance on the vehicle. Maintenance can be extremely high as the car ages, and car insurance can also be really costly if you don't have a clean driving record, or you live in an area that tend to have a lot of storms. In addition, long term renters usually will come at a nice discount, so the rate can be significantly cheaper than the $35 day rate that you quoted. Of course this will depend on the company, make model, and city. Due to all of these factors, some people actually come out cheaper by having a long term rental vs owning a vehicle.
Black Friday sale ends this THURSDAY (11/30), to get $200 off use the code BLACKFRIDAY200 -- with the course, you'll gain access to our Private Discord and Monthly Live Zoom Calls, this months Zoom Call is this Wednesday, November 29th, so sign up before Wednesday to be able to attend! You can find the course HERE: www.thecarsharingmasterclass.com
Would you ever try an in person apprenticeship.
Just got my BMW booked for the first time today! 4 days , I have a low daily rate for now until I get some reviews going. Hope all goes well 👍🏽
Amazing! Congrats! Make sure to raise the prices for Christmas, don’t want that low daily rate to be booked out for those busy days during the holidays!
Getting started is the hardest part
What state are you in?
@@StevenDocu Oklahoma 👍🏽
@@SuperMonsterTacohow’s it going so far?
Im a new Host, and just had an amazingly high rental history in the last 30 days of hosting my new 2024 Toyota Corolla Hybrid. And a few days ago, I received a new rental for 35 days straight starting Dec, 3rd. I unfortunately had the discounts set at recommended, and lost $350 due to the suggested discounts. Thank you for posting this video, as you have opened my eyes to lowering the discounts so as not to lose so much revenue.
Just started Turo....thanks to you! Had my settings on book instantly, stated guests must follow the law, got two guests. Both have driven the car 99mph or above. Drove above 85 even after I told them to slow down, showed them the telemetry data. Highest speed in the area is 70, most 65. WHAT AM I DOING WRONG?!?!
I just picked up a Mitsubishi mirage GT the highest trim for $8400 with only 65k miles. It's a one owner got the car blow market value I always try to buy any car blow it's value. I have to get some small things sort it out on my mirage then n a few weeks I will have the car listed! My first rantal wish me luck!!
Wow, you're really giving away gold here. The piece about using calendar blocks alongside being available 24/7 is very clever. Thanks 👍
You got to mention the type of renters you attract with some of these settings like one day rentals, auto booking, dirt cheap pricing and 1 hour advance notice. Depending on what area you’re in you severely increase your chances of getting high risk guest. All money isn’t good money.
So it gets totaled 🤷♀️ She still makes money. Your fire & brimstone is laughable.
@@missmaryjanegreena total is the best case scenario. It’s plenty of other fucked up situations that can happen. Don’t be mad cause I’m keeping it real. That shit ain’t all sweet
@@Takeiteazy89 LOLOL smoking - there is a fee, trashed the car - there is a fee. All of this still results in a positive scenario. Y’all being fearful says a lot about your issues.
@@missmaryjanegreenstolen car crimes committed with the car damaged car in shop for weeks cleaning dirty disgusting trash a guest left behind. You might be limited to those experiences but I’ve done it before and I prefer to deal with better guest who are actually responsible and take good care of your vehicles. Plus I make more money with less vehicles. If all you can afford is hoopties then say that lol
@@Takeiteazy89 all you can seem to do is put down the content creator & her cars/systems. Sounds like you have nothing better to do with your time 🤷♀️
I loved how well put and informative this video was. I’m an 18 year old who wants to get into the rental car business and also live in the DFW area. I was surprised to hear that I’ll have a huge competitor from the get-go lol
Thank you kindly! I’ve been renting a 2019 Ford Flex consistently for about 9 mo now. I was wondering why it didn’t have any bookings for the last part of Nov-Dec 15th. Turns out I messed up a calendar block.🤦🏻♂️ My in-laws were here so I blocked it out for them to use but put way too many days on it by accident. Anyway, this video reminded me to look at my settings. Rookie mistake.😂😂
I will tell you my experience with Sentra 2016
32$ a day making little over 350$ a month
140 for Insurence
Oil change is 120$
Tires are 500$ let’s say u do it yearly
350x12=4200$ it makes me a year
After 21k miles added to my car and after I payed Insurence and Turo changed tires and oil had left me with 1000$ for a year it will take me 10 years to pay it off
$140 for a 2016 Sentra? You're being ripped off. I don't even pay that much for a 2018 Porsche
That oil change price is suspect too. You must go to somewhere like Jiffy Lube which is costing you way more than you should be paying for a rental. Even Walmart is around $40-$45 for that car.
But you get to desuctallofthis in your taxes against your other income if you have a real job
Change the oil yourself. $40 max for full synthetic oil and filter at Walmart.
Learn to change your own oil.
GREAT INFORMATION on the settings and very thorough explanation of what each change means in the real world.
Questions:
- Do you think having calendar blocks could hurt a host's ranging with the Turo algorithm in a competitive market?
- (Suggested Episode Topic) With having so many cars at a low price point, do you encounter a lot of problem renters? If not, what are you doing to avoid things like renters trashing or smoking weed in your car?
Aubrey, you are gold! I can't thank you enough for these videos.
Got a lot of value from this video! Thanks A lot! 🙏🙏🙏
Love your videos! Do you guys give discounts to return renters? I only have 3 cars right now, but I’ve had the same person book my Corolla 4 times in five months. I’ve been giving them 10% discount codes.
Some excellent information here, thanks!
What is your split with Turo, 90/10, 80/20, or 70/30?
I bought the minimum protection before confirming with my insurance about coverage- my insurance covers 100%. Now Turo won’t let me modify or cancel the protection. I feel like I just been duped $133
I would like to ask two questions, were do you park all the cars and how does the insurance companies let you insure so many cars?
Sean Donaghy
This video are so helpful. Ｔｈａｎｋ ｙｏｕ Ａｕｂｒｅｙ
Wonderful tips Aubrey!
I have an interesting question!
Let’s say someone books one of your cars in the middle of the night at 3 AM with a 1 hour notice.
Since you’re most probably going to be asleep, how do you verify the guest identity so that he can have access to the lockbox? Do you have an automated message that sends the guest the exact code?
Use Turogo and have the key inside a rdf blocker pack inside the glovebox.
Thank you 🙏🏼
Great information. 🔥🔥🔥
Do you deliver the car yourself to the customer and what about cleaning??
What type of lock box do you use
Okay I got a question. I have one vehicle on Turo currently.
How do you handle vehicle maintenance if someone is renting your vehicle for months at a time?
Obviously, you don’t want your vehicle being driven for thousands of miles over a oil change. What if it needs breaks, tires, etc. Thanks!
My guess have the guest bring it to a mechanic and pay them. It's to be expected if your a guest renting a car for months that it will need to be maintained
@@TortoiseCashFloware you saying they get the work done and you as the host reimburses them?
That’s what I do, I had a guest go 1400 miles away. They started with a 2 week rental and kept extending They ended up using the car for 6 weeks. I let them know if oil was due to take it to a shop and I’d just pay the shop over the phone.
Do you have any experience renting out Teslas? What are the pros and cons? I’m in the Atlanta area
Im also in the dfw area, just moved here two weeks ago. Was looking into getting into the market with higher end cars but seems very saturated, wondering if you would mind grabbing a bite to eat and discussing a few things. Thanks in advance!!
arent your cars too old for turo
Great info, thanks. The profit you mentioned is it your gross or your net?
Hello, thank you, the video is great. I've been watching some videos where finance companies are confiscating financed vehicles because they are being rented on Turo and this is not described in the contract. That is true?
Great video, thx for the tips. Just wondering if u put any mile limits on your turo cars or geographic limits (i.e. cant drive it out of state etc...)?
1 time someone booked my car when I was asleep. Pick up was at like 2am I was like obviously asleep. Got hit with no show and person was compensated my hours are from 8am to 12am and it’s worked fine
That burned me as well.
What is your thought on the maximum mileage? I didn’t see this was mentioned.
27500/mo for your work alone or you and your partner's work together?
I’ve got 120k in savings and want to invest. All you could advise what not I’ll follow
30k a month is passive income? I'd be set for life with that kind of income. Funny how the hardest working laborers that keep the country running and maintenaned, dont get paid nearly enough compared to people that think 30k a month is only passive income... 🤣
Shrute farms
Seems a lot more complex and involved to be a Turo Host verse's Uber Carshare.
A 40% discount on 2 months makes so much sense.
Thats alott less work for you to do...
Its pretty stupid that people rent cars for months. Like, just buy your own car bruh. Say you rent a car thats $35 a day for a month thats $1,050 a month you are spending. Just have a $300 to $400 car payment a month. Smh.
As a car owner, you only mentioned the car note and left out car insurance and maintenance on the vehicle. Maintenance can be extremely high as the car ages, and car insurance can also be really costly if you don't have a clean driving record, or you live in an area that tend to have a lot of storms. In addition, long term renters usually will come at a nice discount, so the rate can be significantly cheaper than the $35 day rate that you quoted. Of course this will depend on the company, make model, and city. Due to all of these factors, some people actually come out cheaper by having a long term rental vs owning a vehicle.
First!
Appreciate you!
@@AubreyJanik thanks! I've bought a used car for turo finally and listing it starting tomorrow. Thsnks for all the content you create to teach us
@@imransuhail82how’s it going
Turo is not a business..
You should've invested that money in real estate.