Bought a 2018 ford focus with 48k miles from an auction for $6k (includes taxes, fees and shipping) and it will be my first rental of many! Thank you for the helpful content🙏
Long time host, few things to watch out for. If you use lock boxes and do not physically hand over the key and make sure the driver is the same that booked. They can deny any insurance claims. Big HP cars like the hell cat are most likely to be stolen/abused on these platforms as well but bigger the risk, bigger the reward just make sure you have your bases covered
@@thelegendaryredx7710 yes black people!! However, he probably meant people that drive powerful cars drive like maniacs (race car drivers!!!) not everything is about race, princess
I managed a 105 unit car rental store in the late 90s - (company was bought 3x and now part of Avis) saw all kinds of crazy stuff - the business has uncontrollable and unpredictable variable of renters wrecking cars or cars going down for maintenance - but love your upbeat attitude about it...
Hey, I do Turo too. If you’re gonna get a bouncy, make sure you get a OBD 2Y splitter that way nobody can unplug it. It will look just like a normal port.
This!! Blocking the OBD is one of the most important things to stop or at least heavily detour thieves from trying to steal it. Wish I did it to mine before it got stolen 😂
I wouldnt do hellcat, you have to worry about it getting stolen, the renter stealing it, them damaging it because its a 700hp rwd beast. I would go for a bmw m5
I follow a lot of Turo renters and they steer clear of muscle cars, especially a charger. The renters just don’t care. +100 mph speeding, donuts, burnouts, etc. Since it’s hard to control, they always get into accidents, totaled, blown engine. The mom/girlfriend rents to her son/boyfriemd.That being said, the key is location. Depending on your marketed area, it may be fine for years. Hope it goes well!
I owned a hellcat and your tires and brakes numbers are WAY off. I owned the car and didnt beat on it, drove it on weekends and went through 2 sets of tires a year. The brakes cost 4k to do every 10k miles. I had 2-3 O CRAP moments in the car, and I knew it like the back of my hand. If you plan on collecting ins on it you have the right car. I may consider a scat pack for turo but the cat aint gonna make it at what you are charging IMO
Take a bunch of pics of the tires is the key on cars like this. Get a tire tread meter and take pics. I have seen guys ball the tires out after a day or two from doing doughnuts
Yup - you’re right. This is for entertainment purposes - just showing you what I did. Doesn’t mean it’s right or you should too. But I was willing to take the risk. This car is maximized via private rentals on my fleet currently
This is actually insane. Even if you only rent it 9/30 days of the month. You’ll recoup the $55,000 within a year and 4 months, after that it’s pure profit. Actually seems like an amazing opportunity.
@@noximfn2589scary right but when things are done thru the app and with legal contracts and insurance of course . People are responsible for the days rented . Some people use and abuse others are respectful of other people’s things . Good insurance should save you from crazy experiences
I suggest dramatically increasing your tire allowance. Unlikely you will get a year out of the tires on a 700HP RWD rental car. Would also suggest measuring tread pre and post rental and have terms to recover the cost of excessive tire consumption if the renter does burnouts. Probably good to keep a pair of tires on hand too, so if one renter does take the rears past minimum you aren't waiting on delivery before your next rental.
dont forget fuel, break pads, bushings wear, mileage, spark plugs, ac filter, engine filter, fuel filter, engine oil, transmission oil, just basically all parts of the car thats being wear downed you know and even if its not add them as well to be safe just take a lesson from our guy here @user-sx6py3et7c just dont add the value of the car but instead add all parts of the car so when u service it its brand new for the next guy and keep doing it over and over again. 😑
That’s very interesting, I was in the exotic rental car business and had a bmw m8 , S class , Porsche panamera and a g wagon . My average every month was about 28k . Now it’s a lot don’t get me wrong but these vehicles were leased … so after payments and expenses I was at about 12k which is still good in my opinion… now a big thing about my situation was I as using my friends exotic car lot and even his clients from time to time … so I would be left with 12k after paying them a percentage which I was happy … got to meet alot of cool people , connections , experiences and easy money … I no longer do that .
@@dannelswarzentruber289because the people I was doing business with got greedy and wanted a higher percentage and I didn’t want to … we were already at 50/50 they wanted 65 now .
Great video, I want to start Turo and have $10K cash to buy my first car, any ideas which car should I get here in sunny San Diego? And where do you guys buy the cars from?
thanks for making this video man. got me thinking a little bit, i can't lie lol. i'm curious though. how are you able to prove that a customer ran through the tires, doing burnouts and doughnuts and stuff. this could add a huge expense and i'm curious how you've handled this. thanks!
I like turo..or I used to. After a couple issues I've had and the prices now.. I'm good. Anymore, the prices are outrageous unless you want a very basic (mostly well used) vehicle and then the prices are only barely 'okay'. But, for the same price as you're getting a 2015 mitsubishi mirage with 100k miles on it, you can go to enterprise and get something much nicer, and much much newer for the same price. Anything decent is easily $150+/day after fees and such - not even close to being worth it at that price. Granted, I have only ever used turo for fun stuff, such as this, and performance teslas, etc. Speaking of which, back in 2018 I rented a 2016 hellcat charger that only had 5k miles on it and included the red key, 200 miles a day, for less than $100/day after all fees and insurance. Granted, I had to drive about 170 miles from my location to pick it up so I kept it for 3 days and most of the miles were put on just getting it and returning it but it was still fun to drive it those miles too. At that price, it was easily worth it. At the prices today.. not so much. Btw, I've had 10 turo rentals between 2018 and 2021. Only fun stuff like this (mostly teslas) - had two issues which is another negative with turo. Both of them were separate performance model s. The first one was all in person. He took pictures beforehand of the car, I took pictures at the time of picking it up. When I returned it, I took pictures which did not show any damage (none happened while I had the car), he did not take any pictures at that time and got in the car and immediately drove off. Something like 10 hours later and obviously a completely different location he finally uploaded pictures showing damage to the car and he blamed this on me. Turo unfortunately took his side, even with me telling them "look at my photos - no damage. Look at the time and locations .. he drove the car for over 20 miles and it was a completely different location and many hours later that he uploaded photos". They tried to claim that there were not any good pictures of the damaged area (inside wheel well) on my photos, so they could not tell by my photos if there was damage or not but by his photos there clearly was. That was a load of bullshit but whatever.. cost me almost $500 for damage that I didn't cause. Second issue was another model s, and I actually had two issues with this one with the first issue being 'minor'. The car was a couple hundred miles from my location and when I had rented it I confirmed that I would be able to leave my car there and I was told "yes, of course!". I get there and the owner is not there, he gives you app access shortly before the rental and you're all on your own. However, it's a very small parking place with signs up saying 'residents only - all others towed after x amount of time [time being something like 30 minutes])'. So, I send him a message and his reply is "Go inside and find the desk with the person who works there, give them your key and tell them you need a parking pass." Yeah, had I known I'd have to leave my key with some random person I wouldn't have gone through with the rental, but I had plans for this rental so I did it. The employee was super duper confused and ended up calling the resident and telling them that the parking pass was only good for 12 hours. Ended up, I had to get the parking pass (which cost me like $10)..resident ended up moving my vehicle inside the parking garage, so not only did I have to leave my key but they drove it. As far as I can tell, they only moved it inside the garage and didn't drive it any further or anything - but there was nothing stopping them from doing whatever they wanted with it. Now, to the super major issue I had with this rental. I got in the car and everything seemed fine, however, there was an air freshener clipped to the visor right above the driver seat. I didn't mind but this will make more sense later. Rental went great, I put almost 2k miles on the car over the next couple days (unlimited miles allowed). I return the car and again, the owner is no where in sight but they have my car back outside waiting for me. I take many pictures again, everything is great. A couple hours later I get a picture of something that I can't even tell what it is supposed to be and a message "WTF happened to my car!?" to which I reply "what exactly do you mean..?" to which they send another picture and state "You spilled something under the driver's floor mat, car smells like rotten death and will have to be professionally clean and I'm sure it'll be out of service for a while". Yeah, uhm.. it was 100% fine when I dropped it off. I have pictures of the driver's area, but of course I didn't take pictures underneath the driver's floor mat..like who does that? I reply with something along the lines of "Not sure, it was fine when I dropped it off. I didn't drink or eat in the car and definitely didn't spill anything" Then, I don't hear anything for like two days, so I leave my review stating what I just stated here (about having to leave my car key and my car being moved, and then being accused of spilling something in the car under the floor mat). He then replies with something along the lines of "this is our bad about the spill. I now know it was a previous renter who did it, my wife did not inform me and did not have time to clean it between rentals, and I was out of town between the previous rental and this one". Other than that, no apology or anything. EVEN after admitting that he wrongfully accused me of this, he was able to get the review removed and still has his 5 star rating. So, obviously there are bad renter, but there are bad host too who find loopholes and exploit them - aka blaming stuff on renters that they know a renter wouldn't have thought about taking a picture of, etc. Also, like you said about not even getting that scratch fixed and taking the money and running - that's not cool in my book. If I rent a nice car I expect it to look nice. You got the money to fix it. To each their own I guess, though.
It looks like your in Florida. I live here to. Was thinking about starting a turo business with a few cars. Car insurance is insanely expensive here. What type of policy do you have on your vehicles and what’s the price?
Booking on a 3rd party then taking your services off platform is strictly against ToS. Be careful sharing the hacks they can come back for damages from loss of business
Yup I know it’s grey market - I just shared my actual experience in the video. Doesn’t mean it’s right - but most of this time I maximize this car via private rentals anyway
I’ve been considering renting out my Corolla on Turo but I’m just worried about insurance while it’s on trip. Also, how do u deal with tickets and citations while on trips? Do they affect u or ur driving record ?
How is it not worth it to finance the car? If you’re making 1300/month profit on the car? That way you can assess the market and sell the car to someone if it’s not doing well instead of dropping 55k outright
This doesn’t matter. Banks don’t care. The reason why you won’t want to finance is because of the negative equity. You’ll put on miles so fast and your financing terms are 6-8 years. Meaning in a year from the time you purchase it could have 80k miles and at that point no way it’s worth close to what you owe.
Great video and yes good pictures do make a difference. I’ve seen some Turo hosts with crappy pictures and they charge way too much. I’m a amateur photographer and I often take pictures for the host and tell them to feel free to use them for whatever they want and they don’t t have to tag me- just want them to be successful
It’s all about the exit strategy with each car. Use your economy cars to get higher end cars for free (when it’s time to sell the cash economy cars, you can trade 3-4 in on a more expensive car and get it for “free”)
just wonder if it is normal to cost $180 per month for an old Toyota that is worth 4.5k and $220 per month for a Kia that worth 9k... I asked for a lot quotes and stuff and that's the cheapest... while I never got tickets or accident...
lol 1600 for brakes and tires on a hellcat.. brakes alone will run you 1600 unless u cheap out which assuming the way people will drive u shouldnt cheap out on the thing that stops the car
So are we just gonna ignore the fact he complained about the damage on the front of the car then gets 750 for it then says he won’t do anything cuz it’s not that noticeable like Shii I I was that dude I would’ve not gave the 750
That rental hellcat is gonna need way more than 4 tires a year! my buddy goes through 4 sets of tires a month but he does burnouts 10 minutes at a time multiple times per day 🤣🤣
Bought a 2018 ford focus with 48k miles from an auction for $6k (includes taxes, fees and shipping) and it will be my first rental of many! Thank you for the helpful content🙏
thats a insanely good price what
Great choice
Let’s gooo!!! That’s a steal by the way - nice job
how much do you rent it for?
Your tires will run you 1400.00 and breaks and rotors another 2800.00
Waiting for the “retrieving my stolen hellcat” video to drop
😂😂😂
That was my first thought 😂
this is the type of channel I like - actually shows the money earned along with the original expenses. Keep it up
Glad you enjoyed! Thanks for the support 😎
Long time host, few things to watch out for. If you use lock boxes and do not physically hand over the key and make sure the driver is the same that booked. They can deny any insurance claims. Big HP cars like the hell cat are most likely to be stolen/abused on these platforms as well but bigger the risk, bigger the reward just make sure you have your bases covered
Yessir!!!!!
I have had 2 cars totalled on Turo. Both where contactless, using key boxes. Turo paid out both claims with no issues.
Please get a hard wired tracker installed asap and you may get banned from Turo, you’re doing gray area transactions.
Yup you’re right 100%
Man I would be scared to rent out a hellcat just because the people it attracts they’re gonna be driving it like a maniac
lol I hear you - just part of the business
never give anything, you pay the cost of doing business !
“The people it attracts” cmon man don’t beat around the bush just say black people
@@thelegendaryredx7710 yes black people!! However, he probably meant people that drive powerful cars drive like maniacs (race car drivers!!!) not everything is about race, princess
@@ghxstx0_994 whatever you say shawty
turo bookings boutta be 🥷🏿🥷🏿🥷🏿🥷🏿🥷🏿🥷🏿🥷🏿🥷🏿
😭😭😭😭😭😭😭
Black ninjas?
@@rookierider2096nj-> gg
@@rookierider2096they are trying to be funny/racist.
Black belt Ninjas?
I managed a 105 unit car rental store in the late 90s - (company was bought 3x and now part of Avis) saw all kinds of crazy stuff - the business has uncontrollable and unpredictable variable of renters wrecking cars or cars going down for maintenance - but love your upbeat attitude about it...
Hey, I do Turo too. If you’re gonna get a bouncy, make sure you get a OBD 2Y splitter that way nobody can unplug it. It will look just like a normal port.
This!! Blocking the OBD is one of the most important things to stop or at least heavily detour thieves from trying to steal it. Wish I did it to mine before it got stolen 😂
Guys let’s buy hellcats now.
Hellcat gang
I wouldnt do hellcat, you have to worry about it getting stolen, the renter stealing it, them damaging it because its a 700hp rwd beast. I would go for a bmw m5
@@jayy7712 personally, I would go M3
@@Stol3nXDriveI’d own a m2 over anything but for turo hellcat is much better as average americans can’t differentiate between a m2 and a normal bmw
I follow a lot of Turo renters and they steer clear of muscle cars, especially a charger. The renters just don’t care. +100 mph speeding, donuts, burnouts, etc. Since it’s hard to control, they always get into accidents, totaled, blown engine. The mom/girlfriend rents to her son/boyfriemd.That being said, the key is location. Depending on your marketed area, it may be fine for years. Hope it goes well!
Appreciate the feedback 😎
I owned a hellcat and your tires and brakes numbers are WAY off. I owned the car and didnt beat on it, drove it on weekends and went through 2 sets of tires a year. The brakes cost 4k to do every 10k miles. I had 2-3 O CRAP moments in the car, and I knew it like the back of my hand. If you plan on collecting ins on it you have the right car. I may consider a scat pack for turo but the cat aint gonna make it at what you are charging IMO
Take a bunch of pics of the tires is the key on cars like this. Get a tire tread meter and take pics. I have seen guys ball the tires out after a day or two from doing doughnuts
👍🏼👍🏼👍🏼
That'll get you banned. That's considered a grey market transaction which is prohibited.
Yup - you’re right. This is for entertainment purposes - just showing you what I did. Doesn’t mean it’s right or you should too. But I was willing to take the risk. This car is maximized via private rentals on my fleet currently
@@AlexprofitsWhat does your last statement mean..maximized on your private fleet?
@@djbministrybooked out
@@djbministry he has a private rental company im guessing; that is advertised separately apart from the TURO one.
This is actually insane. Even if you only rent it 9/30 days of the month. You’ll recoup the $55,000 within a year and 4 months, after that it’s pure profit. Actually seems like an amazing opportunity.
Yup! Especially if you are into cars - no brainer
Its a rental hellcat.. Its gonna get stolen or crashed before that 1 year is over 😂
@@noximfn2589scary right but when things are done thru the app and with legal contracts and insurance of course . People are responsible for the days rented . Some people use and abuse others are respectful of other people’s things . Good insurance should save you from crazy experiences
@@noximfn2589 maybe that's a good thing
I suggest dramatically increasing your tire allowance. Unlikely you will get a year out of the tires on a 700HP RWD rental car. Would also suggest measuring tread pre and post rental and have terms to recover the cost of excessive tire consumption if the renter does burnouts. Probably good to keep a pair of tires on hand too, so if one renter does take the rears past minimum you aren't waiting on delivery before your next rental.
dont forget fuel, break pads, bushings wear, mileage, spark plugs, ac filter, engine filter, fuel filter, engine oil, transmission oil, just basically all parts of the car thats being wear downed you know and even if its not add them as well to be safe just take a lesson from our guy here @user-sx6py3et7c just dont add the value of the car but instead add all parts of the car so when u service it its brand new for the next guy and keep doing it over and over again. 😑
ya people abuse high end sports cars, tires, breaks and bumpers will have to be changed allot more often that.
And they pay for it when they do
the scrape can be just rocks that hit the bumper when you travel at high speeds on the highway, usually over 180km/h (pretty normal)
True. Still gotta pay
Still working on the Passat method buddy wait up !!
😂😂
Unless you're plugged in, tires gone be more than that. Brakes gone be more than that.
Plugged in which is why I said the number 👍🏼
Bro’s tire expenses gonna be crazy. Not to mention the takeover wear 😂
They paid. The hell you think this is? A charity?
@Alexprofits Surely not enough. You estimated one tire change per year. You'll find out 😂
Just got into turo and im glad you make these videos very interesting to watch bro thanks ❤
this is a really good video. highly underrated channel keep up the good work bro 💯
Really appreciate it! Glad you enjoyed it
Been seeing shorts of this hellcat for a while but you just got it though lol
Did you watch the end 🧐
Hellcat tires at 800 is a steal!
Amazing video bro, keep it up I’m really enjoying the content 🙏
Thanks for the support! Super pumped you’re enjoying the content
Definitely not for people living in Detroit, Atlanta, Memphis.
Just a heads up 😅 otherwise yes its worth the investment
😂😂🤝
Great vid! I wanted to add a hellcat or 392 to my fleet didn’t know if it would be worth it.
Prob only if it’s cash if I’m being honest - or private rentals only. Just depends on what market and how many cash cars you have
Vulk in his silly era!!!! 😂
Great video man, im thinking to get started on Turo thanks to you
Let’s go! Glad you enjoyed
Don’t forget to add depreciation to your spreadsheet. After 1 year your $55k will be $42k probably.
55k for a hellcat wow scats go for that much
2019 bruh
Its probably a salvage or rebuilt titile hellcat
im able to find 2016 - 2018 hellcats with like 50,000 miles, for around 50k.
slimbodies of course, definitely not getting a WB for that $.
@@backs8189just seen some WB for around $65k 10k miles
Editing my RUclips video right now I’ll come back to this when I’m done😂🔥
😂😎
That’s very interesting, I was in the exotic rental car business and had a bmw m8 , S class , Porsche panamera and a g wagon . My average every month was about 28k . Now it’s a lot don’t get me wrong but these vehicles were leased … so after payments and expenses I was at about 12k which is still good in my opinion… now a big thing about my situation was I as using my friends exotic car lot and even his clients from time to time … so I would be left with 12k after paying them a percentage which I was happy … got to meet alot of cool people , connections , experiences and easy money … I no longer do that .
How come you stopped?
@@dannelswarzentruber289because the people I was doing business with got greedy and wanted a higher percentage and I didn’t want to … we were already at 50/50 they wanted 65 now .
new to this channel, interesting to me, keep it up
Let’s go!!! Glad you enjoyed. Thanks for the support 😎
excellent video, however i will never ever rent out a hellcat to strangers
Thanks😂😂
Thats quite brave of you
🤷🏼♂️
Great video, I want to start Turo and have $10K cash to buy my first car, any ideas which car should I get here in sunny San Diego? And where do you guys buy the cars from?
Shoot me a dm on IG, same name. Or you can book a call with me via the link in bio. Would love to discuss more
waitng for the video - TURO BANNED ME
Nah
Lol that thing gonna end up getting stolen
No cap
And even better yet going to be a fat check for more than what I paid. But we will save that for another video
@@Alexprofitsthinking about putting my hellcat on turo but its my daily 😅 im scared for it to be dogged out and stolen..
Would also be interesting to know how many miles the car racked up in the month. Btw nice video format
Thanks for the support! Put on about 2,000 miles in the first month
What do you think i should rent out my 2015 M3 for? There’s no other type of sports car around me besides a BRZ😂
What city
Buying a hellcat with 30k miles what problems have you run into and what repairs needed to be made ?
None
thanks for making this video man. got me thinking a little bit, i can't lie lol. i'm curious though. how are you able to prove that a customer ran through the tires, doing burnouts and doughnuts and stuff. this could add a huge expense and i'm curious how you've handled this. thanks!
Pre and post trip photos plus a tire tread reader
@@Alexprofits ahhhh didn't know tire tread readers were a thing. that's good to know, thanks!
where do you park all your cars? and how many people are needed to adequately manage a 90 car fleet?
I have a gated lot and flex warehouse space - space to park 8 nice cars inside and the rest outside. I have a team of 5 people including me
How did you insure the car? I know Turo insures during trips, but what insurance do you use for the rest of the time and what’s the cost for that?
I say it in the video 👍🏼
Do you take pictures before EVERY booking and same with car washes?
What market are you at ? for doing Turo
Just found your channel really like this style of content keep it up bro💯
Thanks for the support bro!!!!
keep up the quality content 🔥
Thanks for the support! Glad you enjoyed it
Bro abi insurance is way cheaper than my own damn insurance, i might just put my car on turo and rent it out to myself and insure it for the low low😂😂
😂😂😂
I like turo..or I used to. After a couple issues I've had and the prices now.. I'm good. Anymore, the prices are outrageous unless you want a very basic (mostly well used) vehicle and then the prices are only barely 'okay'. But, for the same price as you're getting a 2015 mitsubishi mirage with 100k miles on it, you can go to enterprise and get something much nicer, and much much newer for the same price. Anything decent is easily $150+/day after fees and such - not even close to being worth it at that price.
Granted, I have only ever used turo for fun stuff, such as this, and performance teslas, etc. Speaking of which, back in 2018 I rented a 2016 hellcat charger that only had 5k miles on it and included the red key, 200 miles a day, for less than $100/day after all fees and insurance. Granted, I had to drive about 170 miles from my location to pick it up so I kept it for 3 days and most of the miles were put on just getting it and returning it but it was still fun to drive it those miles too. At that price, it was easily worth it. At the prices today.. not so much.
Btw, I've had 10 turo rentals between 2018 and 2021. Only fun stuff like this (mostly teslas) - had two issues which is another negative with turo. Both of them were separate performance model s. The first one was all in person. He took pictures beforehand of the car, I took pictures at the time of picking it up. When I returned it, I took pictures which did not show any damage (none happened while I had the car), he did not take any pictures at that time and got in the car and immediately drove off. Something like 10 hours later and obviously a completely different location he finally uploaded pictures showing damage to the car and he blamed this on me. Turo unfortunately took his side, even with me telling them "look at my photos - no damage. Look at the time and locations .. he drove the car for over 20 miles and it was a completely different location and many hours later that he uploaded photos". They tried to claim that there were not any good pictures of the damaged area (inside wheel well) on my photos, so they could not tell by my photos if there was damage or not but by his photos there clearly was. That was a load of bullshit but whatever.. cost me almost $500 for damage that I didn't cause.
Second issue was another model s, and I actually had two issues with this one with the first issue being 'minor'. The car was a couple hundred miles from my location and when I had rented it I confirmed that I would be able to leave my car there and I was told "yes, of course!". I get there and the owner is not there, he gives you app access shortly before the rental and you're all on your own. However, it's a very small parking place with signs up saying 'residents only - all others towed after x amount of time [time being something like 30 minutes])'. So, I send him a message and his reply is "Go inside and find the desk with the person who works there, give them your key and tell them you need a parking pass." Yeah, had I known I'd have to leave my key with some random person I wouldn't have gone through with the rental, but I had plans for this rental so I did it. The employee was super duper confused and ended up calling the resident and telling them that the parking pass was only good for 12 hours. Ended up, I had to get the parking pass (which cost me like $10)..resident ended up moving my vehicle inside the parking garage, so not only did I have to leave my key but they drove it. As far as I can tell, they only moved it inside the garage and didn't drive it any further or anything - but there was nothing stopping them from doing whatever they wanted with it.
Now, to the super major issue I had with this rental. I got in the car and everything seemed fine, however, there was an air freshener clipped to the visor right above the driver seat. I didn't mind but this will make more sense later. Rental went great, I put almost 2k miles on the car over the next couple days (unlimited miles allowed). I return the car and again, the owner is no where in sight but they have my car back outside waiting for me. I take many pictures again, everything is great. A couple hours later I get a picture of something that I can't even tell what it is supposed to be and a message "WTF happened to my car!?" to which I reply "what exactly do you mean..?" to which they send another picture and state "You spilled something under the driver's floor mat, car smells like rotten death and will have to be professionally clean and I'm sure it'll be out of service for a while". Yeah, uhm.. it was 100% fine when I dropped it off. I have pictures of the driver's area, but of course I didn't take pictures underneath the driver's floor mat..like who does that? I reply with something along the lines of "Not sure, it was fine when I dropped it off. I didn't drink or eat in the car and definitely didn't spill anything" Then, I don't hear anything for like two days, so I leave my review stating what I just stated here (about having to leave my car key and my car being moved, and then being accused of spilling something in the car under the floor mat). He then replies with something along the lines of "this is our bad about the spill. I now know it was a previous renter who did it, my wife did not inform me and did not have time to clean it between rentals, and I was out of town between the previous rental and this one". Other than that, no apology or anything. EVEN after admitting that he wrongfully accused me of this, he was able to get the review removed and still has his 5 star rating.
So, obviously there are bad renter, but there are bad host too who find loopholes and exploit them - aka blaming stuff on renters that they know a renter wouldn't have thought about taking a picture of, etc. Also, like you said about not even getting that scratch fixed and taking the money and running - that's not cool in my book. If I rent a nice car I expect it to look nice. You got the money to fix it. To each their own I guess, though.
Definitely appreciate your feedback!
It looks like your in Florida. I live here to. Was thinking about starting a turo business with a few cars. Car insurance is insanely expensive here. What type of policy do you have on your vehicles and what’s the price?
Never mind just saw ABI insurance. Are you in Florida?
Yes - use ABI it’s cheap and good
That’s the one they did foolio in . How much insurance give you ?
Where do you keep your main fleet at? Do you pay monthly for parking garage spots or what?
I have a gated lot with flex space. Which means I have indoor parking (warehouse) for 8 nice cars
@@Alexprofits what about the other 82?😂😂
Where did you rent out the hellcat in Miami, or San Diego?
South Florida
Booking on a 3rd party then taking your services off platform is strictly against ToS. Be careful sharing the hacks they can come back for damages from loss of business
Never once did I mention taking customers from turo to rent to them directly. Time stamp it if u did 🧐
@@Alexprofits The red key…
Be careful that you don’t get caught for direct charging because they will kick you off for violating the TOS. Just saying.
Yup I know it’s grey market - I just shared my actual experience in the video. Doesn’t mean it’s right - but most of this time I maximize this car via private rentals anyway
@@Alexprofits i’m not judging right or wrong. I’m just saying is it worth it to risk getting kicked off with a 90 car fleet?
Simple do some sort of payment per month then you just get plus 1-2k a month
What market are you in. City and state
You are doing good
I’ve been considering renting out my Corolla on Turo but I’m just worried about insurance while it’s on trip. Also, how do u deal with tickets and citations while on trips? Do they affect u or ur driving record ?
I’m pretty sure you have to get the renters license so that if something like that you have proof of their faults
No tickets and citations from the guest don’t affect you. Turo reimburses you for them. You don’t need a license tho
800 a set of tires seems ambitious tbh unless your skimping out on tries which I wouldnt
It’s not a guess. It’s an actual cost. I been doing this for 5 years
How is it not worth it to finance the car? If you’re making 1300/month profit on the car? That way you can assess the market and sell the car to someone if it’s not doing well instead of dropping 55k outright
More than likely the financing terms wouldn't allow you to rent it out on Turo. Atleast for alot of contracts.
This doesn’t matter. Banks don’t care. The reason why you won’t want to finance is because of the negative equity. You’ll put on miles so fast and your financing terms are 6-8 years. Meaning in a year from the time you purchase it could have 80k miles and at that point no way it’s worth close to what you owe.
@@Alexprofits does this apply to luxury car leasing? Would it be possible if you go the luxury car rental route?
Great video and yes good pictures do make a difference. I’ve seen some Turo hosts with crappy pictures and they charge way too much.
I’m a amateur photographer and I often take pictures for the host and tell them to feel free to use them for whatever they want and they don’t t have to tag me- just want them to be successful
Right!! Appreciate the feedback
What do you do about depreciation on the higher valued cars bro. I’m in economics but wanna move up
It’s all about the exit strategy with each car. Use your economy cars to get higher end cars for free (when it’s time to sell the cash economy cars, you can trade 3-4 in on a more expensive car and get it for “free”)
What about if a customer gets a ticket?
The license stays on file through turo and there is no responsibilty to the owner with the car sharing agreement
You brave as hell
Lol
Hopefully they don’t steal or crash it
I bet he hope it does, instant payout. Insurance pays a ton.
Big facts
i wanna know where and how bro was able to get a 2019 hellcat with 30k miles for only 55k
I got a 2016 charger v6 paid off. Wanna put it on turo. You think its worth it?
100%
I think your miscalculation on breaks tires etc may need to be re evaluated.
It’s not. Because like i said in the video, I’ve been doing this for 5+ years - the estimated prices are my actual cost
I feel like this car will come back with some bald ass tires every other rental
And they will pay! Lol
He borrowed it for such a little time and scratched it already? How does that even happen!?
Happens a lot. On 1 day trips ive experienced the most damage vs long term.
Hi do you need thumbnail designer?
Beware of ppl switching parts from your car to their
Yup
Forgot to mention paying taxes on that. Great video though 👊
no way someone pays 750 dollars just like that for some minor scratches. thats so unrealistic like some fairyland
They did tho.
A lady paid me out $704 for my bumper so I believe it especially when people have no insurance and you have all their info
Thought of doing this 😂
😂😂
Why wouldn’t it be worth it if you finance it?
Horrible investment but then again you have a hellcat
🤷🏼♂️
How u get insurance for $89 is the ABI insurance on top of your normal car insurance?
It’s not on top of. It’s instead of
🔥🔥
😎😎
Tires and Breaks ONCE A YEAR????? What??
just got a kia rio 2016 for 9k... But the insurance kinda crazy since I got my licences for 3 month...
just wonder if it is normal to cost $180 per month for an old Toyota that is worth 4.5k and $220 per month for a Kia that worth 9k... I asked for a lot quotes and stuff and that's the cheapest... while I never got tickets or accident...
No - get ABI period X insurance like I mentioned in the video. It will be $89 a month
Hellcats in tampa Florida no less than 500 a day brotha hope this helps
Yup thanks bro
What about depreciation?
New tires every month
Nah. If they wear them they pay for a new set on the spot
Pls make sure you have a tracking device.. these ppl steal these cars like candy in the store
Yup
lol the clientele though.
Lmaooo
lol 1600 for brakes and tires on a hellcat.. brakes alone will run you 1600 unless u cheap out which assuming the way people will drive u shouldnt cheap out on the thing that stops the car
It’s done in house. I don’t go and pay top dollar bud
So are we just gonna ignore the fact he complained about the damage on the front of the car then gets 750 for it then says he won’t do anything cuz it’s not that noticeable like Shii I I was that dude I would’ve not gave the 750
You sounds dumb. If he damages it - he pays. Doesn’t matter if I fix it😂😂 it’s in the contract
Where is it that you live that you are renting out these cars?
South Florida
Do how are you registering these cars
What do you mean how am I registering? Like personal or business? Don’t understand the question
@@Alexprofits yes exactly appreciate the reply
🔥
😎
how tf is insurance 89 a month for that thing?!
It’s specific for turo hosts
Be honest, how many denied smoking 🚬 violations?
🧐
Are you sponsored by Turo?
Nah
That rental hellcat is gonna need way more than 4 tires a year! my buddy goes through 4 sets of tires a month but he does burnouts 10 minutes at a time multiple times per day 🤣🤣
4 sets naturally that I’ll be responsible for. If they eat them on while on a rental - they pay
horrible idea, be totaled or impounded before you ever got close to paying it off.
It’s a check either way bud
What’s the worst/most tedious part of your Turo business?
Dumb shit happening that you just have to deal with. Think of it - and it’s happened lol