Inside My TURO Journey: Turning Losses To Wins

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  • Опубликовано: 14 янв 2025

Комментарии • 53

  • @Ralphmeansbiz
    @Ralphmeansbiz  Год назад +3

    What would you like to see next on the "Inside My TURO Journey" series? Let me know below 👇🏽

    • @pb.pb.pb.pb.
      @pb.pb.pb.pb. Год назад

      Thanks for the content. I'm trying to find info on how to do pick-ups and drop-offs at the airport without having to be physically present. Or even if you have to be physically present, i'm wondering how that works in airports, because that is where i want to mainly have the renting location. I am new to this and haven't started, but am creating a plan to start soon. Trying to figure out the best strategies. Appreciate your channel. Thanks!

    • @lemonpepperwings698
      @lemonpepperwings698 7 месяцев назад

      Hey, Ralph I been watching your videos. I really like your style, how you break everything down smooth and precise. Is there a way to avoid these problems on your rentals, like background checks on the clients??

    • @Ralphmeansbiz
      @Ralphmeansbiz  7 месяцев назад

      @lemonpepperwings698 I really appreciate that comments fam. Tbh TURO does the background check before renters can even get the car. So once they get approved to book all you can really do is be prepared as possible. Hopefully my content can help you with that! 💪🏽💯

  • @thewealthyg
    @thewealthyg Год назад +3

    Great video bro! This is a great & REAL inside look to the everyday life of a Turo host🙌🏾

    • @Ralphmeansbiz
      @Ralphmeansbiz  Год назад +1

      Thank you brother! Trying to show the community the true ups & downs of this business 💯

  • @terrytempa
    @terrytempa Год назад +1

    Finally, some real talk... I'm up to 7-8 cars on Turo and some times, I watch these videos and laugh cause its pure fiction...

    • @Ralphmeansbiz
      @Ralphmeansbiz  Год назад +2

      I appreciate that! A wholeee lotta cap on here for sure 💯💯

  • @derrickharper2069
    @derrickharper2069 Год назад +1

    Thank you my brother for the information

    • @Ralphmeansbiz
      @Ralphmeansbiz  Год назад

      Anytime family. I appreciate you tuning in! 🫡💯

  • @ATLTRANSPORTER2
    @ATLTRANSPORTER2 Год назад +1

    Thank A Million Ralph! You’re always giving us the game. DON’T Skip those ads Yall!

    • @Ralphmeansbiz
      @Ralphmeansbiz  Год назад +1

      Thank you fam, I definitely appreciate you being here!!
      Also, are you getting a bunch of ads when you watch my videos? 🤔

    • @ATLTRANSPORTER2
      @ATLTRANSPORTER2 Год назад +1

      Oh yeh most times two in a row beforehand

  • @marcusclaiborne1024
    @marcusclaiborne1024 Год назад +1

    good advice

    • @Ralphmeansbiz
      @Ralphmeansbiz  Год назад

      Thank you! Appreciate you watching fam 🫡💯

  • @goldeneaglefireworks
    @goldeneaglefireworks Год назад +3

    Ralph, I do Turo as well, I would recommend switching off instant booking if you still use it. I have had nothing but quality renters, with 0 (Thank you Jesus) damage claims since I made the decision.

    • @Ralphmeansbiz
      @Ralphmeansbiz  Год назад

      Hey fam, I really appreciate you watching & this comment! I have really been considering that lately.
      So have you seen any difference in your utilization rates while having instant booking “off” as opposed to when you had it on?

    • @goldeneaglefireworks
      @goldeneaglefireworks Год назад +1

      @@Ralphmeansbiz I haven’t seen a decrease in utilization. My best month this year was with instant book off, I had a dodge charger that was down for 3 and 1/2 months for a claim. Since then, both my charger and my Chevy Cruze have not had any issues.
      Most of my renters now are coming in from the airport on business trips, dress and act professional.
      Others are locals who need a car but are very nice, I accept every renter that has a previous 5 star rating.

    • @Ralphmeansbiz
      @Ralphmeansbiz  Год назад +1

      @goldeneaglefireworks great feedback here, thank you so much for the insight! 🫡💰

  • @EmmanuelMarquez-g2m
    @EmmanuelMarquez-g2m Год назад +1

    Hey thanks for the vid! I heard you have been investing money on Uber when going to different places. I’d strongly suggest to get an electric scooter ! Like the Segway gt 1, gt2 or max g2. They will save you a lot of money. Let me know what you think!

    • @Ralphmeansbiz
      @Ralphmeansbiz  Год назад +1

      Thanks for watching! 💯

    • @terrytempa
      @terrytempa Год назад

      I use an electric scooter too- thought I was special... I took that think 12 miles on one occasion.

  • @elijah48
    @elijah48 Год назад

    Please continue with these types of videos. Ralph do you use commercial auto insurance or personal with your Fleet?

    • @Ralphmeansbiz
      @Ralphmeansbiz  Год назад +1

      I got you bro! Appreciate you watching 🫡💯
      So if it’s in my business name, I’m definitely using commercial insurance. You can do an off-rental program from someone like Lula or even get a commercial policy from a big insurer (just in your business name).

    • @elijah48
      @elijah48 Год назад

      @@Ralphmeansbiz Thank you for the reference, I just watched the video you did on getting approved with commercial financing. This is helping, your content is concise.

    • @Ralphmeansbiz
      @Ralphmeansbiz  Год назад

      @elijah48 yessir, that’s a great play when you’re ready to expand your fleet with multiple vehicles. I definitely appreciate you my guy, I got you! 🫡💯

  • @hopetonclarke8075
    @hopetonclarke8075 Год назад +1

    I’m interested in this turo business I’m in Philadelphia pa how do I get started.

    • @Ralphmeansbiz
      @Ralphmeansbiz  Год назад

      Check out any of my car sharing resources to help you understand & prepare yourself to start a successful Turo business of your own! ⬇️
      Car Sharing Quick-Start Guide: tinyurl.com/3bev4cz9
      Full Car Sharing Master Course: tinyurl.com/2u98hcz4

  • @AliXclusive
    @AliXclusive Год назад

    Ralph it looks like you are on the 90/10 Turo insurance plan?
    Did you file the claim through Travelers with Turo, or did you file it through your separate commercial insurer?

    • @Ralphmeansbiz
      @Ralphmeansbiz  Год назад +1

      Hey, I’m actually on the 75 plan. I also mentioned in the video that I filed the claim with TURO directly & how they paid me out for it 👍
      You never file damage claims that happen from a guest on TURO with any outside insurer. Commercial insurance is only there for protection when vehicles are not being rented.

    • @AliXclusive
      @AliXclusive Год назад +1

      Makes sense thank you for the clarity. Keep elevating, Salute @@Ralphmeansbiz

    • @Ralphmeansbiz
      @Ralphmeansbiz  Год назад

      Yessir. Same to you my guy! 🫡💯

  • @karesskc45
    @karesskc45 Год назад

    What industry are you in, in regards to your llc to avoid red flags

    • @Ralphmeansbiz
      @Ralphmeansbiz  Год назад +1

      I explain it in this video -> ruclips.net/video/LrwvVZ5L-r0/видео.html

    • @karesskc45
      @karesskc45 Год назад

      @@Ralphmeansbiz golden 💪🏿🫡

  • @elijah48
    @elijah48 Год назад

    What tracker do you use?

    • @Ralphmeansbiz
      @Ralphmeansbiz  Год назад

      GoldStar & Bouncie. Check out my Car Sharing Cheatsheet (free). I send out my contact once you download it.
      www.ralphmeansbiz.com/cheetsheet

  • @jasoncastillo7685
    @jasoncastillo7685 Год назад +1

    Great video, im from Orlando Florida, been doing turo for some time now. September has been very slow. Do you only use the turo platform or do you have another platform that covers days that turo does not book?

    • @Ralphmeansbiz
      @Ralphmeansbiz  Год назад

      Yo Jason, appreciate you watching & engaging my guy! So I predominantly use TURO for the car rental business, used to rent on HyreCar as well. But I’m actually working on transitioning into private rentals as well.

    • @jasoncastillo7685
      @jasoncastillo7685 Год назад +1

      Ive never used hyre car , when i first started turo i was hearing that people were using both and tracking their bookings through both apps on a third party app which managed them all very well. I figured it would be more beneficial to expand income. Private rentals i know for sure alot of people are getting into I just dont know where to even begin. I have two cars , a tesla and nissan sentra, both do well on the platform but i cant seem to book often in their respective daily values, for some reason ill only get consistent bookings when i lower the daily rates to compete with the rest of the market. Your videos though keep spitting the information and editing the videos how you do cause they are ALOT different from the rest of these turo youtubers. Actual transparent content. I fuck with you!

    • @Ralphmeansbiz
      @Ralphmeansbiz  Год назад

      @jasoncastillo7685 LOVE bro! Everything you said is spot on & exactly what I strive to be for the community! 🫡💯

  • @aaron78950
    @aaron78950 Год назад

    Are you on the 90% plan? How would you profit from damages?

    • @Ralphmeansbiz
      @Ralphmeansbiz  Год назад

      No, the 75 plan. I explained it in this video though. My auto body shop can sometimes do the work for less than Turo pays me out for the claim.

  • @jdj20k33
    @jdj20k33 Год назад

    Thanks for the info, Ralph. But didn't the dealership void the warranty since the car was used on turo as a rental? Or you just didn't mention that part to them when you brought it to them to have the check engine looked at? Thanks again.

    • @Ralphmeansbiz
      @Ralphmeansbiz  Год назад +1

      Per the video, the warranty was used to have the vehicle repaired so it definitely wasn’t voided lol. I’ve never had a dealership ask me anything about how I’m using any of my vehicles.

  • @JustinSmith-x2q
    @JustinSmith-x2q Год назад

    if a Turo guest totals out the my car will Turo insurance policy cover it or do I have to go through my own personal insurance policy to get it covered

    • @Ralphmeansbiz
      @Ralphmeansbiz  Год назад +2

      As long as you have taken clear pictures of the before & after of the car TURO will cover it and reimburse you the market value of your vehicle.

    • @JustinSmith-x2q
      @JustinSmith-x2q Год назад

      Okay So why is it that I still need my own personal insurance on the car if turo pretty much covers all damages and wrecks and if the car gets totaled out especially if I get the car to only strictly rent out on Turo?

    • @Ralphmeansbiz
      @Ralphmeansbiz  Год назад +2

      @user-dy4df9zs9h b/c you legally need insurance for any car you put on the road. Turo isn’t an insurance company, so you still need an insurance policy for when it’s not being rented + to get the car registered with the state, etc.

  • @lloyd_3656
    @lloyd_3656 Год назад

    Bad thermostat on a brand new car🤔

    • @Ralphmeansbiz
      @Ralphmeansbiz  Год назад

      Yup. The whole situation was pretty frustrating 🤦🏽‍♂️

  • @brad506
    @brad506 Год назад

    Do you do auto booking or do you approve the renters?

    • @Ralphmeansbiz
      @Ralphmeansbiz  Год назад +1

      I use auto-booking for all my vehicles. Try to make it as easy as possible for renters to choose my listings.