I did this for a minute. Seems like a great way to share resources and make some cappuccino money. But renter got into an accident. $2200 bill. Turo insurance entity had horrible service, dragged their feet for months, tried to get out of paying me and stiffed me for $200. Never again.
KOK0100 They send their own adjuster just from the pics he saw said he’d give me $1500. The body shop said $2200 after they took it apart So the adjuster didn’t agree and they try to pressure you to pay the diff. It’s a scam insurance.
I've rented my car on Turo for years. It paid my entire car payment plus some. I probably look at this different than most people pertaining to lending my car out to strangers. To me, a car is just a car and I lean on the insurance if something goes wrong. Don't get me wrong, I love my car but at the end of the day, it's just a bunch of metal and plastic. I've had a dirty car returned but doing so, the renters pay for it. All in all, I've had really good experiences with the service and basically get my car paid for. BTW, my car is a Tesla Model S and I've worked from home for the last ten years so my situation may be different than most. Still, it's a win win for me.
@@smamq The first time I used Turo was with our 2014 Audi A6. On average, that car rented for around 11 days out of the month. I had it listed for $75/day. It literally was making my car payments plus some. After 2 years, we traded it in for a Tesla. Tesla doesn't really go by the year of their cars, but it's a 2018 Model S 75d. I initially listed it for $130/day but after about a year, dropped it to $99/day. I also had a 2 day minimum initially but found it's better to offer it day to day (more people rent it for a day than 2 or more days, at least from my experience). The longest length from someone who's rented the S was for 3 days (that's the max I have it set for). I'm all for using uber but not longer than 3 days 😉.
I agree - if it's your karma for something bad to happen to your car it can happen while you're in the grocery store - why not rent it out n make a few bucks if you can n you're absolutely right ... metal n plastic can always be replaced - some material things have special sentimental value n that's understandable otherwise SHOW ME THE MONEY !!!
@@edmund8954 I get people love their cars man, I love mine. But for me (not you or anyone else), that's what it is, metal and plastic. I used to be that guy who parked my car at the back on the parking lot crossing my fingers no one parked next to me. I'm done with all that. If it gets dinged, it gets dinged. Gone are the days I worry about insignificant things like that anymore. But that's just me...
I also rent my Model 3 on Turo and have had very positive results. Suggestion, send your renters a link to a RUclips video of a Model 3 tutorial. I have found this reduces the handover time and gives you more peace of mind that the renter is more prepared for the Tesla experience. I do have a second car to drive while my Tesla is rented. Nice video!
You need to take an extra car and use the money as a deposit to fix up your vehicles, especially because Turo/other car sharing platforms' insurance can deny your claim, even if you're on an expensive protection plan(60/40%)! You can also go to a used car dealer and buy the car, those cars won't need as much repair work. You want to go to a pay here buy now lot. Certified used lots charge too much, but the cars are in good condition, however. We are experiencing great success as hosts, because RAC centers are charging too much. Once RACs lower their prices- we will feel it. Now is the time!
No way that Tesla are that cheap. You wouldn’t understand how badly I want a Tesla S. It’s 400K usd in Singapore, plus I need a landed house to be able to charge it, that would be 3million USD in total. You guys are lucky cars are so cheap.
We rented a model 3 for 160.00 day + insurance in Knoxville TN. We wanted a model Y and got it September 20th. Love it. Charge it slowly at nite. Only been to a supercharger 1 time. Go for it, you will Love it.
Great idea for many people, especially those who can’t afford their car, but I would never rent my Model 3. I’m sure renters would “enjoy” it too much. LOL
A few things to keep in mind for any Tesla owners considering this but are concerned they'd never get renters at a good rate: 1. Shelby lives in CA, the epicenter of Teslas where Model 3s are like Honda Accords, making it hard for any single one to stand out and reducing the cachet. Anywhere else, Teslas are harder to find, thus increasing the likelihood someone rents yours. 2. Shelby has an SR+ with basic autopilot which might limit how much she can rent the car for compared to a higher trim model. 3. Having a wrap on the car or some other custom mod would probably allow you to rent for a bit more money, or at least differentiate your car from the pack. Because of these factors, Shelby probably was dealing with among one of the worst case scenarios in terms of getting hits from renters and acceptable asking price.
I'm glad I read your comment. I'm in Colorado and did a quick search for a Model 3. Nothing under $300 a day. Crazy. Payment to purchase is $800ish a month so I can see how renting a Model S for a couple weekends a month can pay for the car. Too rich for my blood.
As a trader I have been able to understand that there are two sides when it comes to crypto and everyone has there opinions when it comes to choosing sides,though I am not kicking against hodl , but I see it as an odd and old strategy to make profit of the market
you can take advantage of the market involving yourself in day trading or copying trade alert from a professional trader that understand the market and use strategy to generate signals daily to make profit to grow your portfolio as I have been doing with Mr Marcos Romero
the past 5 weeks and I have been able to day trade to grow my initial 0.8btc to 6.8btc which you would rethink and see that trading is better/profitable Mr Marcos Romero daily signals is very accurate and always yeilds a positive return on investment
If I had a Tesla I wouldn't let it out of my sight and I certainly would never let a stranger anywhere near it. In the time of Coronavirus I would need to fully decontaminate it before and after and have insurance to prevent being sued. My insurance company would anyway probably raise my premium to the stratosphere before I could rent it out. Also in the UK I am pretty sure I would never see the car again.
I would never lend my car to a complete stranger. My car is one of my babies. She is beautiful and saves alot of gas. She also get me to work and back. Really reliable, and never failed me once. 11,950km on the dash.
Rented my Model 3 and it was wrecked and full of trash, gave back with low battery, and went 113mph as I checked the app. Turo didn’t even reimburse me for the damage.
Exactly what was wrecked? What damage occurred? Body damage (dents, scratches), tire rash, upholstery damage, or just usage, dirt, and trash? How much did it cost you to repair?
@@themeparkdad I have a wrap on mine so he scratched the hood and the door handles. He scuffed my rims. He broke my entire front lip by going too fast on a speed bump. He left trash in the car and gave me my car back with less than 20% at an airport...
@@simeasy43 Yeah not cool at all. It seems like at least they should've covered the broken front lip and rim rash. Was the damage not enough for the deductible, "the before" photos not clear enough to show the damage, or they just wanted to avoid the claim in general? I'm very sorry that your car got damaged.
I can imagine that the self-driving feature is a RUclips vlogger’s dream. Finally no vlogs giving us viewers anxiety from watching a vlogger talk to the camera while driving!
@@renjit9044 We found out how brutal the car washes we're years ago when we put our van through one. It immediately ruined the clear coat. 😬 Our TESLA is handled with kid gloves. 😃
Teslas have notoriously thin and soft, water based paint on them. What this means is that scratches can buff out more easily, but they also scratch very easily and thin aluminum panels also dent with little provocation. Best to get it vinyl wrapped ASAP when you first get one new.
So how much is it after you have paid income taxes for the car rental? It is taxed as ordinary income. You need to take that into account when you for example compare the monthly income for renting the car, and the loan payment etc. :) Just a hint.
You left out the depreciation you’d account for when placing the asset to work. The scheduled depreciation would offset your income thus lowering your taxable basis.
I knew someone who rented their Tesla Model X. They thought everything was fine until the battery started mucking up. Turns out, the renter drove over a speed bump too fast and damaged the battery underneath the car. I personally wouldn’t rent my car, but at the same time it is a 2018 Metallic Silver Subaru XV (Crosstrek for Americans), and not a Tesla. But I do love my car.
The night mare scenario with Turo is more than the potential damage to the car. It's very hard to get full payment from a Turo insurance claim. Shelby did not factor in the depreciation/wear&tear to the car value.
That car detailing was pretty expensive if someone was to actually do this they probably would want to go to a subscription service car wash that would be a lot cheaper in the long run. Also I don’t know if you would make a lot of money if it wasn’t wasnt a semi luxury car because the couple seemed to care more about the experience itself than the actual car
I was nervous for you too, Shelby. I didn't know renting one's car out was a thing now. Wow. The Air BnB model has really paved the way for individuals to overthrow the established, name-brand chain hotels and car rental places. Interesting concept. I think I'd be a wreck if I rented my car out like this.
Another awesome Tesla video :) I actually rented my Tesla Model 3 out in the LA area too, but took it down recently because of the illness. Unfortunately, a couple renters also curbed a few of my rims so I am not in a rush to put it back up on Turo 😅
I used Turo to rent a Model 3 about 2 years ago, was a great experience! I plan to rent a Model Y in the next 1-2 years to try it out. Just didn't have enough to buy one yet........ The answer to your question, NO, I would not rent mine out... LOL.... unless I did have 2 cars because I would not want to go a weekend without a car. Great vid!
My wife won't let me put our sr+ on turo for fear that the driver gets into an accident. Turo has 750k insurance but they are worried sent Turo not you. I think it's worth the risk. Teslas are perfect for this because they cost less per mile to operate.
The first time(and only time) I used Turo was a couple weeks back actually and it was as a client. Around the end of September for a weekend. Anyway, I booked a trip from Dallas to Seattle. And when I arrived to the Tacoma airport, the destination to where the car was located was a little over 30 minutes(That uber ride was pricy lol). So, once I arrived to the destination to where the car was, the owner had actually left the vehicle's keys inside for me since he was out of town which I thought was weird since I am a stranger to him, but whatever. Once I put the cars in the ignition, the car wouldn't start!!! I was so mad, I called him to notify him and he said "Well, I just had the car fixed by the mechanic yesterday", HE COULDN'T HAVE LET ME KNOW THIS BEFORE I FLEW TO THE OTHER HALF OF THE COUNTRY!?. However, I calmly told him "Oh ok, well shit happens, I guess I'll just take another uber from here to my hotel then. Just keep me posted then". He then said "Well, go ahead and do that, I'll try to find someone to come take a look at it tonight". I paid, another hefty sum of money to be ubered from the Turo destination to downtown Seattle to where my hotel was. (30+ minute trip and expensive) And guess what that dang-on pos did? HE CANCELLED my booking once I arrived to the hotel and I couldn't find a car or do anything I wanted since I was left without a vehicle. After being on the phone with Turo for 3 hours (no exaggeration), they found me a last-minute car, (yay! So i thought). I in turn had to repay $250+ dollars AND an uber to drive me 40+ minutes the new Turo location. Turo said they would reimburse my uber rides but they never did. I spent my first day in Seattle crying in frustration and nervously laughing at every major obstacle I encountered. Y'all, Turo is great, if everything goes according to plan. It's horrible if you have to deal with customer service.
I love Turo I usually rent sports cars I’ve been wanting to drive you can even rent exotics I drove a Ferrari 458 last year! I listed my car as well, had about 3 rentals and it went smoothly.
Model 3 is Shelby's little baby. Her heart singles are attached more tightly with Model 3 than wall charger so definitely she won't dare to give it any stranger again.
Imagine what happened to the world recently, with COVID-19 shutting down several industries, and yet people are still making cool cash from investment platforms
I think this pandemic has taught people the importance of multiple streams of income unfortunately having a job doesn't mean security. So I really appreciate the transparency that's giving people a fighting chance during these troubling times
This pandemic it's unlike a receison, you know where you stand, no business is full of proof at the moment it's all down to spending and how much money a person has available to them at this current time moving forward I feel online business is the way forward and that's where you find most local businesses from now on
This is 100%true self made millionaire like Warren Buffett and Bill gates, never made it depending on paycheck neither were they salary onwer. I think investment should be on any wise one's list and currently all of it is online.in a month or two you'd be ecstatic about the decision you've made
Another massive income idea should be trading to be more precise, the forex market or Gold(ETF). I have been investing in this avenues for a while now and my investment has been great with profits coming in constantly
I agree it sounds like we should be taking some meticulous notes on their financial Savvy and there 8 figure portfolio That's because most people can't see to freedom from their face and think their own expense on a car is there payment and insurance Nobody factors in depreciation maintenance increased intervals for all that I would probably have to rent my car out a dozen times before would even cover a set of tires for my car But I guess if you want to pretend to be a big shot and have a nice car If you make 60 grand a year you shouldn't by over $25000 car That means if you buy a $75000 Tesla you should make hotter than 180 to 200 grand a year minimum And of someone made that kind of money they wouldn't be renting their car out Unless they had some sort of serious addiction And just think how many hours you have to spend sorting stuff out if something does happen if u make 60k a year 40hrs wk u earn just under 40 an hour So you spend 15 to 20 hours sorting that stuff out that's another 1000 In unaccounted for expense Unless you don't value your time
👍 like the links for the equipment used in production. Should have link for your video editing software. Great job editing and sound quality. Look forward to seeing more productions from you.
I'm getting 2 teslas: 1 model s performance to rent 24/7 & my beautiful model 3 performance i'm already getting for my next birthday lol let's get iiiit
@@ZackMuffinMan where I live hand washes are the norm and machine car washes are an abnormality. Hand washes here go for around $5-$10 and machine ones go from $3 to $20, depending on where you wash.
Great video! We have a couple cars on Turo, a Genesis and a vintage Ferrari and so far, it all has worked out great. When you have a special car, it's a fun and profitable way to share the fun with others who might have always dreamed of getting to drive one or who are considering a purchase. I agree with you that it's not really feasible if it's your only car though. Thanks for sharing your experience!
In today's downed economy, buying a good used car and renting it out as only a rental is a good option for some extra revenue. Never rent out a car you own and require. If I could I'd buy at least 3 and rent them out for some kind of income.
I rented mine out to stranger and went on Coastal drive in my other car and a hiking date. We pulled up to the parking garage to get water and the guy I rented my car to was beating up some guts in the backseat parked in the rear of the garage. True story.
I worked at a car rental counter. Just FYI lots of the people who rent using turo are those who CANT rent a car from a real rental company. That means they don't have a credit card or can't pass a credit check. Meaning more at risk renters who may damage or steal a car.
The cool thing about the Tesla is you don't have to pay for gas and that just one less expenses you have to do on the car plus maintenance making it the ideal car to rent out
My sister did the same thing, she rented out her 2019 model s p100D through turo, got it back in nice shape, a month later , her car was making a grinding noise, at front, tesla tech told her the car has landed on a rock and messed up her bearings, "NO Warranty Coverage for abuse" Costed her $8K
Do not forget to deduct some cash for wear. Tires, components etc. It all needs to be taken into account as well. Just a tip from old O/O of tractor/trailer trucks. If you expect to rent lots and do not think about wear and tear of the vehicle it will bite you in the butt later on. Good luck and stay safe.
I wouldn't rent my tesla, those who rent tesla will probably test its power. Even if your car is covered, I bet the battery will drain pretty fast and wear out a lot faster.
You need to take an extra car and use the money as a deposit to fix up your vehicles, especially because Turo/other car sharing platforms' insurance can deny your claim, even if you're on an expensive protection plan(60/40%)! You can also go to a used car dealer and buy the car, those cars won't need as much repair work. You want to go to a pay here buy now lot. Certified used lots charge too much, but the cars are in good condition, however. We are experiencing great success as hosts, because RAC centers are charging too much. Once RACs lower their prices- we will feel it. Now is the time!
Problems with damage or mistreatment while renting your car out is NOT an “if”, but a “WHEN”. Eventually you WILL have the car come back abused. Period. So, you just need to be prepared for when it happens.
We are getting our 2021 Model 3 soon. I plan on taking people to/from airports for a cost. Better than a limo and I can educate them on the environmentally safe Tesla. Appreciated your honesty and opinions.
Never heard of Turo before so each time she mentioned it prior to this video, I kept wondering why Arturo was such a big deal. I couldn’t wait to see who Arturo was.....
My husband and I have two Chrysler 300c (2016) and we Turo out one of them. We just started doing this last month and have had our first rental for 3 weeks. We will see how it goes when we get it back this weekend.
Wow! Just went to Turo to look at prices for renting a Tesla in Philly...for the 12 Teslas listed, prices range from $149-$325!! My guess is this is because there are way fewer people renting their Teslas around here, as opposed to the LA area. Great video and awesome topic!
You can definetly rent cars for a cheaper price. A Tesla though, I'm not sure- truthfully, I dont know much about the brand. When you get into renting nicer cars or luxury brands, I would say $150-$300 is a normal rental fee. Crazy, isnt it?!
We don't need Turo to rent cars out, just use renters' personal insurance, they will cover your car much better and you get 100% of the money. Good luck getting your car fixed by Turo if a major accident happens. My Daughters Tesla has been in the shop since September 2020 and Turo is trying to find ways not to pay for it while I still have to pay $700 a month
I started with one car on Turo in 2016 and I grew my fleet up to 14 cars in 2019....Then turo changed their mileage policy 😪 so i decided to sell 9 cars..... Is Turo worth it "yes until 2019" will I continue renting my car on Turo 'Hell No in 2021.' Think about it before you rent your car to people...... but if you don't care about people putting 6000 mileage in your car within a month, go ahead.
I definitely wouldn’t let a total stranger come to my home address. Please be safe out there and meet in well lit, public locations. Get pictures of picture ID.
Great video Shelby and thank you for answering the question on if you would do it again along with the great point of if the stress is worth it for the income.
Question about renting your car out, how does Turo remove the liability of you being the owner and someone else running over someone and killing them? How would you not be sued as well as the driver? Ae we know lawyers will go after everyone with money in a case like this. Just seems very dangerous to let strangers take your property while you are still ultimately responsible the car?
We rented our Toyota Highlander on Turo for a long time starting in 2011. It returned with body damage three times. Since then Turo has stopped providing insurance for people who rent their cars out - you now have to specifically pay for additional insurance. This cut into my profits enough it was no longer worth it to me. Also I rented out my Nissan LEAF. Some good experiences but one woman absolutely trashed my car and it had to be repaired - it was awful. Plus at that time people had no idea how to deal with electric cars.
Shelby Church, I rented out my tesla on Turo. 3 days later. State trooper, is this frame yours? Btw heres your speeding tickets and toll charges.... WHAT?????. Worst case scenario....glad it turned out well for you. Thank you for sharing.
I did this for a minute. Seems like a great way to share resources and make some cappuccino money. But renter got into an accident. $2200 bill. Turo insurance entity had horrible service, dragged their feet for months, tried to get out of paying me and stiffed me for $200. Never again.
Thanks for sharing. I was considering doing it but you talked me out of it lol
KOK0100 They send their own adjuster just from the pics he saw said he’d give me $1500. The body shop said $2200 after they took it apart So the adjuster didn’t agree and they try to pressure you to pay the diff. It’s a scam insurance.
YIKES.😬😬😬Yes there's wayyyy too many potential liability issues with renting out your car as compared to an AirBnb situation.
Tabitha Howard I’m an Airbnb Superhost 7 years. One guest damaged my garage. Cost me $1200 to repair. Airbnb paid 100%. Great support 👍
Pat Ozmanov Everything is cool till something goes badly wrong. They only cover 70% damages as a policy.
I've rented my car on Turo for years. It paid my entire car payment plus some. I probably look at this different than most people pertaining to lending my car out to strangers. To me, a car is just a car and I lean on the insurance if something goes wrong. Don't get me wrong, I love my car but at the end of the day, it's just a bunch of metal and plastic. I've had a dirty car returned but doing so, the renters pay for it. All in all, I've had really good experiences with the service and basically get my car paid for. BTW, my car is a Tesla Model S and I've worked from home for the last ten years so my situation may be different than most. Still, it's a win win for me.
"its just a bunch of metal and plastic"
i want to hear what a car guy say about this.
Mind sharing which car exactly you put on Turo?
@@smamq The first time I used Turo was with our 2014 Audi A6. On average, that car rented for around 11 days out of the month. I had it listed for $75/day. It literally was making my car payments plus some. After 2 years, we traded it in for a Tesla. Tesla doesn't really go by the year of their cars, but it's a 2018 Model S 75d. I initially listed it for $130/day but after about a year, dropped it to $99/day. I also had a 2 day minimum initially but found it's better to offer it day to day (more people rent it for a day than 2 or more days, at least from my experience).
The longest length from someone who's rented the S was for 3 days (that's the max I have it set for). I'm all for using uber but not longer than 3 days 😉.
I agree - if it's your karma for something bad to happen to your car it can happen while you're in the grocery store - why not rent it out n make a few bucks if you can n you're absolutely right ... metal n plastic can always be replaced - some material things have special sentimental value n that's understandable otherwise SHOW ME THE MONEY !!!
@@edmund8954 I get people love their cars man, I love mine. But for me (not you or anyone else), that's what it is, metal and plastic. I used to be that guy who parked my car at the back on the parking lot crossing my fingers no one parked next to me. I'm done with all that. If it gets dinged, it gets dinged. Gone are the days I worry about insignificant things like that anymore. But that's just me...
I rent my second model 3 on Turo. It rents an average of 26 days/month and I profit about $1600 after car payment and insurance.
Lucrative o_o
Just wait until the automated taxi service when you can add your car to the tesla network! :D
@@Streeknine That's my plan! I purchased this car for an investment. So far it's been working great.
Doesn’t insurance increase if u , rent out your car .. kinda like Uber rates
@Cali the Golden Sunny San Diego 👍
I also rent my Model 3 on Turo and have had very positive results. Suggestion, send your renters a link to a RUclips video of a Model 3 tutorial. I have found this reduces the handover time and gives you more peace of mind that the renter is more prepared for the Tesla experience. I do have a second car to drive while my Tesla is rented. Nice video!
Me too.
I’m willing to try this
Shelby’s grind, even during a pandemic, is inspiring! The girl never stops grinding and continues to put out quality content!
X-rated comment
You need to take an extra car and use the money as a deposit to fix up your vehicles, especially because Turo/other car sharing platforms' insurance can deny your claim, even if you're on an expensive protection plan(60/40%)! You can also go to a used car dealer and buy the car, those cars won't need as much repair work. You want to go to a pay here buy now lot. Certified used lots charge too much, but the cars are in good condition, however. We are experiencing great success as hosts, because RAC centers are charging too much. Once RACs lower their prices- we will feel it. Now is the time!
Based on how most of my friends drive 🤔 not a chance in hell would I rent out my car 🚗. 🤦🏻♂️🤣
Right?!?
Small amout of money considering all the bad things that could happen
😂😂😂 exactly!
i feel u bro
I'm with you on this! No way I would ever rent any of my cars out unless I specifically had a car for rental purposes.
in the future i wouldnt recommend having strangers pick up your car at your house!!
and don't wear sexy outfits even if they are bringing their wife or girlfriend
@@utubestalker.dotcom UMM WHAT? You mean the TSHIRT and LEGGINGS??
@@apaw2959 You still got to be professional!
@@TsarOfRuss its leggings and a shirt... you're acting like she stripped naked in front of customers
"I Rented My Tesla To A Stranger on Turo... Here's What Happened
"
Did he give it a Doug Score?
Your reply was genius! No one got it?
Epic
Sorry I don't get it. I'm too busy watching "Cars & Bids."
Lol, am always checking carsandbids!
Probably one the best comments I have seen this year
Shelby is so loyal to us. She literally rented her car just for a youtube video🥺😂❤
I know right, I Actually got afraid for her!😂
lmfaoo
She’s super smart. Now she can claim the car is a business write off. With her 6 figure income she’s going to save $$$$.
She wanted content to share, clearly you wanted content to watch... leave it at that.
@@VASIGTravelingLifeinLondon why turo has up to 1 million coverage insuarance
I love how fluent you are, it inspires me to practice alot, i look forward to improving my channel to get to your level some day
I just bought a $65k Model 3 and I was like “Mine! It’s all mine! No one else can drive it!” Lol
They really 65k? Lmao 😂
No way that Tesla are that cheap. You wouldn’t understand how badly I want a Tesla S. It’s 400K usd in Singapore, plus I need a landed house to be able to charge it, that would be 3million USD in total. You guys are lucky cars are so cheap.
ping pong in the uk it’s 50k
@@Pong_ping95 what in the 400k usd?
Base Model 3 in the U.S. goes for $38k, autopilot included.
We rented a model 3 for 160.00 day + insurance in Knoxville TN. We wanted a model Y and got it September 20th. Love it. Charge it slowly at nite. Only been to a supercharger 1 time. Go for it, you will Love it.
Great idea for many people, especially those who can’t afford their car, but I would never rent my Model 3. I’m sure renters would “enjoy” it too much. LOL
😂😂 true that! Btw, I also have have a channel myself if you want to check it out
Keep in mind that with Teslas you can lock the speed limit on the app so anyone borrowing can't go above.
A few things to keep in mind for any Tesla owners considering this but are concerned they'd never get renters at a good rate:
1. Shelby lives in CA, the epicenter of Teslas where Model 3s are like Honda Accords, making it hard for any single one to stand out and reducing the cachet. Anywhere else, Teslas are harder to find, thus increasing the likelihood someone rents yours.
2. Shelby has an SR+ with basic autopilot which might limit how much she can rent the car for compared to a higher trim model.
3. Having a wrap on the car or some other custom mod would probably allow you to rent for a bit more money, or at least differentiate your car from the pack.
Because of these factors, Shelby probably was dealing with among one of the worst case scenarios in terms of getting hits from renters and acceptable asking price.
I'm glad I read your comment. I'm in Colorado and did a quick search for a Model 3. Nothing under $300 a day. Crazy. Payment to purchase is $800ish a month so I can see how renting a Model S for a couple weekends a month can pay for the car. Too rich for my blood.
Nothing more wholesome than using a Tesla stock to afford a Tesla i'm doing the same😊😊
I still see Cryptocurrency as one of the best digital investment and I totally love the technology when it comes to the largest Crypto asset Bitcoin.
As a trader I have been able to understand that there are two sides when it comes to crypto and everyone has there opinions when it comes to choosing sides,though I am not kicking against hodl , but I see it as an odd and old strategy to make profit of the market
when the market goes bearish investors/traders looses there investment which is very painful
you can take advantage of the market involving yourself in day trading or copying trade alert from a professional trader that understand the market and use strategy to generate signals daily to make profit to grow your portfolio as I have been doing with Mr Marcos Romero
the past 5 weeks and I have been able to day trade to grow my initial 0.8btc to 6.8btc which you would rethink and see that trading is better/profitable Mr Marcos Romero daily signals is very accurate and always yeilds a positive return on investment
Remember you can use the miles they put on the car as a tax deduction!
If I had a Tesla I wouldn't let it out of my sight and I certainly would never let a stranger anywhere near it. In the time of Coronavirus I would need to fully decontaminate it before and after and have insurance to prevent being sued. My insurance company would anyway probably raise my premium to the stratosphere before I could rent it out. Also in the UK I am pretty sure I would never see the car again.
Honestly, I Got afraid for her 😂 and I dont even own a car
turo has a one million dollar insurance policy for each car you rent out to people
Nah, you're overreacting
I would never lend my car to a complete stranger. My car is one of my babies. She is beautiful and saves alot of gas. She also get me to work and back. Really reliable, and never failed me once. 11,950km on the dash.
Matthew Carley btw they just lowered it to $750000
'I dont know what that scratch is... I could've done that!' lol had me laughing out loud.
Rented my Model 3 and it was wrecked and full of trash, gave back with low battery, and went 113mph as I checked the app. Turo didn’t even reimburse me for the damage.
Why not put on valet mode or speed limit?
@@djrrmml7514 deadass, why didn’t you?
Exactly what was wrecked? What damage occurred? Body damage (dents, scratches), tire rash, upholstery damage, or just usage, dirt, and trash? How much did it cost you to repair?
@@themeparkdad I have a wrap on mine so he scratched the hood and the door handles. He scuffed my rims. He broke my entire front lip by going too fast on a speed bump. He left trash in the car and gave me my car back with less than 20% at an airport...
@@simeasy43 Yeah not cool at all. It seems like at least they should've covered the broken front lip and rim rash. Was the damage not enough for the deductible, "the before" photos not clear enough to show the damage, or they just wanted to avoid the claim in general? I'm very sorry that your car got damaged.
I can imagine that the self-driving feature is a RUclips vlogger’s dream. Finally no vlogs giving us viewers anxiety from watching a vlogger talk to the camera while driving!
Did you check sentry mode?
If that door dang happened in a parking lot there's a good chance it captured it.
That door ding will cost more than her measly profit of $189 lol. Doesn't sound like a good idea at all.
They totally scratched your car and created swirl marks at the car wash.. can just tell from their wash technique..
Hoxzle Wan those were there long before that car wash haha
ahh, a fellow OGer!
@@renjit9044 We found out how brutal the car washes we're years ago when we put our van through one. It immediately ruined the clear coat. 😬 Our TESLA is handled with kid gloves. 😃
Teslas have notoriously thin and soft, water based paint on them. What this means is that scratches can buff out more easily, but they also scratch very easily and thin aluminum panels also dent with little provocation.
Best to get it vinyl wrapped ASAP when you first get one new.
That’s why I like metallic paints.....they don’t show swirl marks.
I wouldn’t even let my mama drive my Tesla 😫😂
I wouldn’t rent my car out, but it’s a cool option to be the “rentor”.
So how much is it after you have paid income taxes for the car rental? It is taxed as ordinary income. You need to take that into account when you for example compare the monthly income for renting the car, and the loan payment etc. :) Just a hint.
True :D
I have a Jewish accountant, so no need to worry. 😎
Also check the insurance
You left out the depreciation you’d account for when placing the asset to work. The scheduled depreciation would offset your income thus lowering your taxable basis.
@@barrybambmessagedeletedbyy7467 🤣🤣🤣🤣
I knew someone who rented their Tesla Model X. They thought everything was fine until the battery started mucking up. Turns out, the renter drove over a speed bump too fast and damaged the battery underneath the car. I personally wouldn’t rent my car, but at the same time it is a 2018 Metallic Silver Subaru XV (Crosstrek for Americans), and not a Tesla. But I do love my car.
LMAO “Please take care if it” 😂😂😂. I use the Tesla app when one of my three sons take my wife’s Tesla ! Would I rent my Porsche 911....Hell no !
Me, my mom and brother rented a car on Turo when we were in LA to drive to Vegas and it worked just fine! (We visited from Sweden)
The night mare scenario with Turo is more than the potential damage to the car. It's very hard to get full payment from a Turo insurance claim. Shelby did not factor in the depreciation/wear&tear to the car value.
i rented my ford edge on turo once. The girl was shady about returning it. never again
@@DietBajaBlast more details plz 😬
Not to mention the how the utilization rate per month and mileage will cause further effect.
That car detailing was pretty expensive if someone was to actually do this they probably would want to go to a subscription service car wash that would be a lot cheaper in the long run. Also I don’t know if you would make a lot of money if it wasn’t wasnt a semi luxury car because the couple seemed to care more about the experience itself than the actual car
me a 13 year old watching this
shelby: would you guys rent your car on turo?
me: yes :D
I was nervous for you too, Shelby. I didn't know renting one's car out was a thing now. Wow. The Air BnB model has really paved the way for individuals to overthrow the established, name-brand chain hotels and car rental places. Interesting concept. I think I'd be a wreck if I rented my car out like this.
Fast forward, Shelbs will have a whole fleet called TS-in-LA
Another awesome Tesla video :) I actually rented my Tesla Model 3 out in the LA area too, but took it down recently because of the illness. Unfortunately, a couple renters also curbed a few of my rims so I am not in a rush to put it back up on Turo 😅
I used Turo to rent a Model 3 about 2 years ago, was a great experience! I plan to rent a Model Y in the next 1-2 years to try it out. Just didn't have enough to buy one yet........ The answer to your question, NO, I would not rent mine out... LOL.... unless I did have 2 cars because I would not want to go a weekend without a car. Great vid!
My wife won't let me put our sr+ on turo for fear that the driver gets into an accident. Turo has 750k insurance but they are worried sent Turo not you. I think it's worth the risk.
Teslas are perfect for this because they cost less per mile to operate.
$28 for a car wash?! That’s so expensive! 😭😭😭
Even in NYC it's $10 for an exterior wash, never heard of anywhere near that high.
Who else knew she did this from her vlog channel 👋🏾
It makes more sense for a Tesla because they are harder to steal, and you don't have to worry about them grinding the gears or slipping the clutch.
Shelby knows the cops could pull over and ticket the car driving without a front license plate but rents it anyway, nice!
Depends on the state
Arizona not required so I assume same in Cali..
Thanks for the amazing videos , i love your content and because of you I started my own channel i love making videos ❤️
I'm gonna check your channel out. Just subscribed 😅
Have a nice weekend!
Daniel Von Whiteless Day Thanks so much appreciate 😊
She's the best and I will check out your channel as well! I also have a channel myself inspired by Shelby if you want to check it out :)
The first time(and only time) I used Turo was a couple weeks back actually and it was as a client. Around the end of September for a weekend. Anyway, I booked a trip from Dallas to Seattle. And when I arrived to the Tacoma airport, the destination to where the car was located was a little over 30 minutes(That uber ride was pricy lol). So, once I arrived to the destination to where the car was, the owner had actually left the vehicle's keys inside for me since he was out of town which I thought was weird since I am a stranger to him, but whatever. Once I put the cars in the ignition, the car wouldn't start!!! I was so mad, I called him to notify him and he said "Well, I just had the car fixed by the mechanic yesterday", HE COULDN'T HAVE LET ME KNOW THIS BEFORE I FLEW TO THE OTHER HALF OF THE COUNTRY!?. However, I calmly told him "Oh ok, well shit happens, I guess I'll just take another uber from here to my hotel then. Just keep me posted then". He then said "Well, go ahead and do that, I'll try to find someone to come take a look at it tonight". I paid, another hefty sum of money to be ubered from the Turo destination to downtown Seattle to where my hotel was. (30+ minute trip and expensive) And guess what that dang-on pos did? HE CANCELLED my booking once I arrived to the hotel and I couldn't find a car or do anything I wanted since I was left without a vehicle. After being on the phone with Turo for 3 hours (no exaggeration), they found me a last-minute car, (yay! So i thought). I in turn had to repay $250+ dollars AND an uber to drive me 40+ minutes the new Turo location. Turo said they would reimburse my uber rides but they never did. I spent my first day in Seattle crying in frustration and nervously laughing at every major obstacle I encountered. Y'all, Turo is great, if everything goes according to plan. It's horrible if you have to deal with customer service.
I love Turo I usually rent sports cars I’ve been wanting to drive you can even rent exotics I drove a Ferrari 458 last year! I listed my car as well, had about 3 rentals and it went smoothly.
Model 3 is Shelby's little baby. Her heart singles are attached more tightly with Model 3 than wall charger so definitely she won't dare to give it any stranger again.
Imagine what happened to the world recently, with COVID-19 shutting down several industries, and yet people are still making cool cash from investment platforms
I think this pandemic has taught people the importance of multiple streams of income unfortunately having a job doesn't mean security. So I really appreciate the transparency that's giving people a fighting chance during these troubling times
This pandemic it's unlike a receison, you know where you stand, no business is full of proof at the moment it's all down to spending and how much money a person has available to them at this current time moving forward I feel online business is the way forward and that's where you find most local businesses from now on
Yet most people ignore that they automatically think they have last part all figured out, and it's a mistake
This is 100%true self made millionaire like Warren Buffett and Bill gates, never made it depending on paycheck neither were they salary onwer. I think investment should be on any wise one's list and currently all of it is online.in a month or two you'd be ecstatic about the decision you've made
Another massive income idea should be trading to be more precise, the forex market or Gold(ETF). I have been investing in this avenues for a while now and my investment has been great with profits coming in constantly
I love the dedication to educate us on how to make money, you had to rent out your car. This is some good information.
I agree it sounds like we should be taking some meticulous notes on their financial Savvy and there 8 figure portfolio That's because most people can't see to freedom from their face and think their own expense on a car is there payment and insurance Nobody factors in depreciation maintenance increased intervals for all that I would probably have to rent my car out a dozen times before would even cover a set of tires for my car But I guess if you want to pretend to be a big shot and have a nice car If you make 60 grand a year you shouldn't by over $25000 car That means if you buy a $75000 Tesla you should make hotter than 180 to 200 grand a year minimum And of someone made that kind of money they wouldn't be renting their car out Unless they had some sort of serious addiction And just think how many hours you have to spend sorting stuff out if something does happen if u make 60k a year 40hrs wk u earn just under 40 an hour So you spend 15 to 20 hours sorting that stuff out that's another 1000 In unaccounted for expense Unless you don't value your time
This is by far the best editing I see on youtube videos, i'd watch these videos no matter what the content is
👍 like the links for the equipment used in production. Should have link for your video editing software. Great job editing and sound quality. Look forward to seeing more productions from you.
I'm getting 2 teslas: 1 model s performance to rent 24/7 & my beautiful model 3 performance i'm already getting for my next birthday lol let's get iiiit
I already have a model 3 and we plan on getting a Model Y performance. Hope your Tesla experience is good 👍
Shelby paid $28 to get her car washed and I, on the other hand, complain when I have to pay $5 to get it washed...
When you getting money in you’re not too worried about money out... it all depends on how you manage your money though
It's a hand wash... pretty good deal.
@@ZackMuffinMan where I live hand washes are the norm and machine car washes are an abnormality. Hand washes here go for around $5-$10 and machine ones go from $3 to $20, depending on where you wash.
@@acampbell2499 same , with the automatics here you get swirl marks from sand or mud in the brushes
She blows money like nothing
Great video! We have a couple cars on Turo, a Genesis and a vintage Ferrari and so far, it all has worked out great. When you have a special car, it's a fun and profitable way to share the fun with others who might have always dreamed of getting to drive one or who are considering a purchase. I agree with you that it's not really feasible if it's your only car though.
Thanks for sharing your experience!
The quality of ur videos is just impeccable.I hope you get everything you deserve.
Fun experiment!
Wow.. nice seeing you here, you one of my favorite RUclipsrs
If anything, outside of earning some extra spending money, you end up with a very clean car.
How many miles did they put on the car?
In today's downed economy, buying a good used car and renting it out as only a rental is a good option for some extra revenue. Never rent out a car you own and require. If I could I'd buy at least 3 and rent them out for some kind of income.
I loved the "Would I do this again? .... No."
😂😂😂😂
I’ve been wait for this video!!! Hope your surgery went well👍
I rented mine out to stranger and went on Coastal drive in my other car and a hiking date. We pulled up to the parking garage to get water and the guy I rented my car to was beating up some guts in the backseat parked in the rear of the garage. True story.
what do you mean beating up guts?
Dang Daniel, offer your renters limo tint next time
I worked at a car rental counter. Just FYI lots of the people who rent using turo are those who CANT rent a car from a real rental company. That means they don't have a credit card or can't pass a credit check. Meaning more at risk renters who may damage or steal a car.
Hey Shelby, i think this is a great way of bringing in extra cash and could prove to be a good model for others. Thanks for sharing this with us!
"the owner can see where you go" haha imagine some creep putting the car on rent to follow someone's life 😱😂
Fr, if I was Elon I would be using that admin password if I knew my enemies had Tesla's
Ikr
U could stalk ur ex that way lol 😂
Dont they have cameras watching the driver in the mirrors too?
I don’t think I would rent my cars, but I would rent from Turo to experience a car I was considering buying. Great video. Thanks.
The cool thing about the Tesla is you don't have to pay for gas and that just one less expenses you have to do on the car plus maintenance making it the ideal car to rent out
Lol I rented a Tesla in LA then I drove it into Mexico the owner freaked out at first but then they calmed down
KOK0100 no because it’s against turo rules
Yea I’d probably be freaked out if I saw that happening hahah
My friend rents out her Lexus on Turo and we are stuck picking her up for hangs outs sometimes. 🤦🏻♂️🤷🏻♂️
🤣🤣🤣
Hahahah
My sister did the same thing, she rented out her 2019 model s p100D through turo, got it back in nice shape, a month later , her car was making a grinding noise, at front, tesla tech told her the car has landed on a rock and messed up her bearings, "NO Warranty Coverage for abuse" Costed her $8K
Do not forget to deduct some cash for wear. Tires, components etc. It all needs to be taken into account as well. Just a tip from old O/O of tractor/trailer trucks. If you expect to rent lots and do not think about wear and tear of the vehicle it will bite you in the butt later on. Good luck and stay safe.
I wouldn't rent my tesla, those who rent tesla will probably test its power. Even if your car is covered, I bet the battery will drain pretty fast and wear out a lot faster.
They can take a beating in that respect and still last way longer than a gas car. It's body damage and interior damage that would concern me.
So interesting! I feel like I’d be too anxious to do this with my own car, but now I really want to rent a Tesla for a few days myself. 🤣
You need to take an extra car and use the money as a deposit to fix up your vehicles, especially because Turo/other car sharing platforms' insurance can deny your claim, even if you're on an expensive protection plan(60/40%)! You can also go to a used car dealer and buy the car, those cars won't need as much repair work. You want to go to a pay here buy now lot. Certified used lots charge too much, but the cars are in good condition, however. We are experiencing great success as hosts, because RAC centers are charging too much. Once RACs lower their prices- we will feel it. Now is the time!
I like the way you presented your experience and highlighted the incentives one way or the other!
Your videos are always my favorite! So inspiring for me!
Problems with damage or mistreatment while renting your car out is NOT an “if”, but a “WHEN”. Eventually you WILL have the car come back abused. Period. So, you just need to be prepared for when it happens.
I used Turo in LA and hired Tesla S for a day. Great experience. Ended up buying a model S
We are getting our 2021 Model 3 soon. I plan on taking people to/from airports for a cost. Better than a limo and I can educate them on the environmentally safe Tesla. Appreciated your honesty and opinions.
Ever considered getting a model x? 🔥
Well if she can pull $100,000 out of her ass sure she probably could of
@@jordan-ic3xe Yikes.
I love my model 3! but maybe one day idk I don’t really like driving SUV’s that much, but if I did want one I would totally get an X or Y!
@@ShelbyChurch do you see yourself in that Cyber truck coming soon?
@@ShelbyChurch I would let you try out the MYP over a weekend if you want?
Never heard of Turo before so each time she mentioned it prior to this video, I kept wondering why Arturo was such a big deal. I couldn’t wait to see who Arturo was.....
😂
Just a tip, a lint roller is much better for cleaning than a vacuum cleaner.
My husband and I have two Chrysler 300c (2016) and we Turo out one of them. We just started doing this last month and have had our first rental for 3 weeks. We will see how it goes when we get it back this weekend.
I would be so scared to rent to a complete stranger....
People will abuse your car! 😂
@@appleforever6664 exactly
Wow! Just went to Turo to look at prices for renting a Tesla in Philly...for the 12 Teslas listed, prices range from $149-$325!! My guess is this is because there are way fewer people renting their Teslas around here, as opposed to the LA area. Great video and awesome topic!
is it just me or this a high price for renting a car?
You can definetly rent cars for a cheaper price. A Tesla though, I'm not sure- truthfully, I dont know much about the brand. When you get into renting nicer cars or luxury brands, I would say $150-$300 is a normal rental fee. Crazy, isnt it?!
Caitlin Schaefer wow brb, driving my car to Philly and leaving it there 😂
Put my car on Turo using my phone camera. Got 2 bookings in 12 hours. Currently have my 6th renter out with it!
Shelby's Tesla related videos are always my favorite! (and the home tours as well haha)
Nice I'm totally gonna rent some fun cars on turo after this. Never thought of doing that :)
$120 per hour washing cars? I’m in the wrong job!
Yea there’s washing cars ,and there professionals who wash you car thoroughly
@@larrysmoove9653 that’s more than my Dr earns!
I rented a Tesla on Turo for a weekend for my husbands birthday......great way to check it out for a long period of time...It was fun!!!
We don't need Turo to rent cars out, just use renters' personal insurance, they will cover your car much better and you get 100% of the money. Good luck getting your car fixed by Turo if a major accident happens. My Daughters Tesla has been in the shop since September 2020 and Turo is trying to find ways not to pay for it while I still have to pay $700 a month
I started with one car on Turo in 2016 and I grew my fleet up to 14 cars in 2019....Then turo changed their mileage policy 😪 so i decided to sell 9 cars..... Is Turo worth it "yes until 2019" will I continue renting my car on Turo 'Hell No in 2021.' Think about it before you rent your car to people...... but if you don't care about people putting 6000 mileage in your car within a month, go ahead.
Their damage claim process is horrendous too...
@@elyliu i know right
I certainly would if it wasn't illegal in my state... Rip strict NY laws about everything
I definitely wouldn’t let a total stranger come to my home address. Please be safe out there and meet in well lit, public locations. Get pictures of picture ID.
as a renter on turo its important to remember to be kind with other peoples cars to keep the service around
I will be little nervous if I rent my car to a stranger.
Gollum driving a Tesla: my precious
Get someone you know to rent out the first few times and give yourself great reviews 😂😂
Great video Shelby and thank you for answering the question on if you would do it again along with the great point of if the stress is worth it for the income.
Nooo, giving your car to a stranger, it’s the same as giving your shoes😱😱😱
I'd be happy to rent out my shoes for $60/day for a 3 day long weekend...he wouldn't even have to bring it back :)
@@ritteradam really?
Question about renting your car out, how does Turo remove the liability of you being the owner and someone else running over someone and killing them? How would you not be sued as well as the driver? Ae we know lawyers will go after everyone with money in a case like this. Just seems very dangerous to let strangers take your property while you are still ultimately responsible the car?
Im not a lawyer buy from experience ...registered owner of a vehicle can get legally sued even if they have nothing to do
@@yochikasexy exactly, this is why I would never do Turo and put myself at that kind of risk.
We rented our Toyota Highlander on Turo for a long time starting in 2011. It returned with body damage three times. Since then Turo has stopped providing insurance for people who rent their cars out - you now have to specifically pay for additional insurance. This cut into my profits enough it was no longer worth it to me.
Also I rented out my Nissan LEAF. Some good experiences but one woman absolutely trashed my car and it had to be repaired - it was awful. Plus at that time people had no idea how to deal with electric cars.
Shelby Church, I rented out my tesla on Turo. 3 days later. State trooper, is this frame yours? Btw heres your speeding tickets and toll charges.... WHAT?????. Worst case scenario....glad it turned out well for you. Thank you for sharing.