**LEARN HOW TO BECOME A 6 FIGURE HOST ON TURO THROUGH MY EXCLUSIVE COURSE!** 💥 2022 Black Friday Promo Code ➡ TURO25 *this is a limited time deal offered only once a year!* GET ACCESS NOW ➡ www.powerhost.club/
Car washes at the least should be a part of the equation since if you are looking to rent out cars with utilization rate of 60-70%.. there is no way you are washing a car only 1 a month or quarter.. I would say that you take the average number of rented days and divide it by 2(typical rent period) and that is how many times a month you will be washing car.. or at the very least add 1-2 times .. that is still a true cost to ownership
TURO will not cover you as a HOST, if your renter goes off-roading in your car. Make sure to take pictures/videos of your undercarriage before every trip. NO, TURO Is not worth this hassle. We lost an $8000 car and claim for damages, because we didn't have pictures. But we had dirt and now a total loss on our car. Arbitration was a joke, you should contact TURO to opt out on sign up. Doesn't matter that we have a huge physical damage to our car transfer case from a rock being hit. Doesn't matter that the mechanic believes the damage is from off-roading and we have never gone off-roading. Doesn't matter that the car worked fine before the trip and they drove it 800 miles. TURO will screw you over. So take the video/photos or don't use TURO.
Okay please help me with this! I am In the process of buying a vehicle and I'm a little confused as to how I will get the vehicle personally insured since that is required, even additionally to the turo protection plans. How am I going to go about doing this when no insurance wants to ensure your vehicle when others are driving it??! Thanks for all the future help
You don’t tell the insurance that other people will be driving the vehicle lol Your personal insurance is separate from Turos insurance. Turo has its separate insurance plan that you have to select.
@@Victor1015961 the turo website states they "They must 1) list an eligible vehicle and 2) insure that vehicle with any insurance provider that doesn’t prohibit the car from being booked on a peer-to-peer car sharing platform." So how can you LEGALLY insure your vehicle to operate on turo, when no personal insurance carriers will cover you to operate on turo? ( in California) Doesn't that violate turo's terms of service if your insurance provider prohibits you from using turo, and turo finds out you are with a company that doesn't allow that? Also, when purchasing a new car they ask if you will be using the car on a rideshare platform, if you tell them no, and then you do it, and they find out, isn't that fraud? if your vehicle is severely damaged in a multiple car accident, how does the insurance company NOT FIND OUT?
Hey thanks for sharing your formula. I have a question. I am in Seattle. Recently started turo rentals. So far everything is on personal name and rents are coming in personal bank accounts. I was suggested to set up sole proprietor business entity to open business bank account. As part of the process I was asked for business license and business licensing process requires me to register my car with state department of licensing as a rental car. My question is - did you have to register your cars as rental vehicles with state department of licensing? Especially when you started with one or two cars? Thanks in advance.
Hey Raj! No I did not have to do this but also my setup was not a sole prop. For me and most other host I find that operating under a LLC is most common.
@@saimahsexperience thank you so much for your response. Should I consider LLC since I have only 2 cars on Turo at the moment? Also, will have to move both cars under LLC and get commercial insurance instead? Would love to understand how to structure the business under LLC.
Hey! I have been watching your videos for a while and decided to do Turo rentals in Atlanta where I live. I am concerned about financing. Me and the business partners that open the LLC for the turo company have great credit, but our business has no credit. And we want to buy the cars through the business name. We are concerned about lender repossession and commercial insurance rates. What do you recommend us to do?
@@saimahsexperience Hello Saimah! Hope your day is going well. I looked at your ' Watch This Before You Buy Your First Turo Car' video and I was following how you went on an All-Star host page and back dated to see how many days in that month the car you're interested in got rented out. Well I followed how you're were doing it and the previous months on the All-Star host calendar of the vehicle I was doing research did'nt show the crossed out days of rental. Did I do something wrong or have you had anyone else ask about the same problem? Thank for all the great content you put out!
yes! also I am currently working on a upgrade to include a few more modules which get released 2nd week of August and everyone automatically gets that update :)
I love your videos!!! quick question. Am I able to be a host on Turo if I am only an authorized driver on the car insurance (I AM NOT THE PRIMARY DRIVER).
thank you so much and yes you are. Turo doesn't have any real specifics about who hosts the car as long as of course you have permission from the registered owner of the vehicle.
@@saimahsexperience based upon what I’ve seen their business model being I would look at a pickup truck and or a small to medium van. Nothing too big or expensive that could be intimidating to the users. Their site says 30k a year with both options but of course that depends on your market and how much publicity they do there to draw the users.
Hey I have the business bank account I have a vehicle (economy) I created an LLC I have the GPS for the car toll pass, key lock box, maintenance done on the vehicle . Am I ready to go live?
@@carzaddy638 Your "observations and opinions" are not a source. You stated that "most people dumped their Turbo fleet" without providing any source material to back up your comment.
if you actually track inventory on Turo across all the markets Turo is growing as a whole. If you even look at some of the data Turo has published online especially in their S1 to go public they have shown consistent growth numbers especially on the supply side - meaning more hosts and more cars being added to the platform. I think every year we see hosts coming and going from the platform. Often times those who are "dumping" their fleets are louder than those who are growing their businesses. From my observations you see a bit of both. In my private community the majority of people are growing their fleets so I think it just depends. Oddly, during this recession I think we're going to see a lot of people joining the platform to create additional income streams for themselves - but likely as a side hustle and not full fledge business. This is something I will be watching closely and will report back to the community.
Saimah is very good at explaining this process. Thorough, easy to follow, and just plain made since.
You have given some pretty solid information for a decent foundation. Thank you. The market research makes the world of difference. Blessings
Thank you! And yes market research is soooo important 🙌🏼
Quick question: car cannot be older then 12 years? Meaning can post any car before December 31 that was made in 2010? Thanks
Became a Subscriber right now. Great information girl! Thank you!!!
Awesome! Thank you!
Hmhm going on leave for maternity soon. Car gonna sit there, thinking of putting it on turo. Model 3 tesla what do you think ?
**LEARN HOW TO BECOME A 6 FIGURE HOST ON TURO THROUGH MY EXCLUSIVE COURSE!**
💥 2022 Black Friday Promo Code ➡ TURO25
*this is a limited time deal offered only once a year!*
GET ACCESS NOW ➡ www.powerhost.club/
May want to wait 3-4 months to purchase a car. Car prices are overvalued still and are expected to drop significantly.
Agreed
Thank you so much for this awesome video! You’re the besssst!
“ImporDant” lol the way you say “important” makes me giggle, I don’t know why but it does 🤭 thanks for these videos, you are the best!!!!
Car washes at the least should be a part of the equation since if you are looking to rent out cars with utilization rate of 60-70%.. there is no way you are washing a car only 1 a month or quarter.. I would say that you take the average number of rented days and divide it by 2(typical rent period) and that is how many times a month you will be washing car.. or at the very least add 1-2 times .. that is still a true cost to ownership
love your videos they always have so much information and extremely helpful
I've been looking for a formula like this. Thank you! Trying to save enough and waiting for prices to drop to buy a car or 2
Yay so glad you found it helpful!
Awesome video!
Thank You for All that you are doing for our Planet Earth.... Peace.. Shalom.. Salam.. Namaste 🙏🏻 😊 🌈 ✌ ☮ ❤
What personal auto insurance won't drop you if you host on Turo?
Both Geico and Progressive told me it's unacceptable.
surprised this video only has 2k views..
Thank you for your videos - and you are a world class presenter
Excellent, will be signing up for course after researching. Thanks great info !
What do taxes look like have you come up with a rough estimate of how much I should put aside for taxes.
Saimah! Stop trying to make fetch happen!
But seriously tho, very helpful tips. Thank you
TURO will not cover you as a HOST, if your renter goes off-roading in your car. Make sure to take pictures/videos of your undercarriage before every trip. NO, TURO Is not worth this hassle. We lost an $8000 car and claim for damages, because we didn't have pictures. But we had dirt and now a total loss on our car. Arbitration was a joke, you should contact TURO to opt out on sign up. Doesn't matter that we have a huge physical damage to our car transfer case from a rock being hit. Doesn't matter that the mechanic believes the damage is from off-roading and we have never gone off-roading. Doesn't matter that the car worked fine before the trip and they drove it 800 miles. TURO will screw you over. So take the video/photos or don't use TURO.
install camera on car undercarriage, easy fix, also dash cam is a must
Okay please help me with this!
I am In the process of buying a vehicle and I'm a little confused as to how I will get the vehicle personally insured since that is required, even additionally to the turo protection plans. How am I going to go about doing this when no insurance wants to ensure your vehicle when others are driving it??! Thanks for all the future help
You don’t tell the insurance that other people will be driving the vehicle lol
Your personal insurance is separate from Turos insurance.
Turo has its separate insurance plan that you have to select.
@@Victor1015961 the turo website states they "They must 1) list an eligible vehicle and 2) insure that vehicle with any insurance provider that doesn’t prohibit the car from being booked on a peer-to-peer car sharing platform."
So how can you LEGALLY insure your vehicle to operate on turo, when no personal insurance carriers will cover you to operate on turo? ( in California)
Doesn't that violate turo's terms of service if your insurance provider prohibits you from using turo, and turo finds out you are with a company that doesn't allow that?
Also, when purchasing a new car they ask if you will be using the car on a rideshare platform, if you tell them no, and then you do it, and they find out, isn't that fraud?
if your vehicle is severely damaged in a multiple car accident, how does the insurance company NOT FIND OUT?
Do you have a video or can you make a video on how to transfer a personal car and turo account over to a business?
I don't but it can be as simple as refinancing a vehicle and during that process doing so under the business
You've been upping your video game! Love it!
thank you so much it's a work in progress lol!
Which banks do you recommend when financing and is financing through the dealership a good idea?
How do you get your car insured as not many companies cover Turo. I believe Turo insurance only covers when the car is out on rentals.
You dont tell insurance
Hey thanks for sharing your formula. I have a question. I am in Seattle. Recently started turo rentals. So far everything is on personal name and rents are coming in personal bank accounts. I was suggested to set up sole proprietor business entity to open business bank account. As part of the process I was asked for business license and business licensing process requires me to register my car with state department of licensing as a rental car. My question is - did you have to register your cars as rental vehicles with state department of licensing? Especially when you started with one or two cars? Thanks in advance.
Hey Raj! No I did not have to do this but also my setup was not a sole prop. For me and most other host I find that operating under a LLC is most common.
@@saimahsexperience thank you so much for your response. Should I consider LLC since I have only 2 cars on Turo at the moment? Also, will have to move both cars under LLC and get commercial insurance instead? Would love to understand how to structure the business under LLC.
Very good questions. I second the business structure and commercial licensing question!
Hey! I have been watching your videos for a while and decided to do Turo rentals in Atlanta where I live.
I am concerned about financing. Me and the business partners that open the LLC for the turo company have great credit, but our business has no credit. And we want to buy the cars through the business name. We are concerned about lender repossession and commercial insurance rates. What do you recommend us to do?
Do you still do this in Atlanta? I'm considering too do it myself!
Thank you! This was very helpful!
How do I buy many cars on my personal credit? Buy like 3 at the same time or open a business and buy on the business name?
Totally business never personal
Nice work, your channel really blew up!
Can you do Turo starting out on a part time basis or do you have to do it full time? Because starting out it will be only me doing everything. Thanks!
yes!! I will create this soon!
@@saimahsexperience Hello Saimah! Hope your day is going well. I looked at your ' Watch This Before You Buy Your First Turo Car' video and I was following how you went on an All-Star host page and back dated to see how many days in that month the car you're interested in got rented out. Well I followed how you're were doing it and the previous months on the All-Star host calendar of the vehicle I was doing research did'nt show the crossed out days of rental. Did I do something wrong or have you had anyone else ask about the same problem? Thank for all the great content you put out!
I get Kim. K vibes from her.
Great video!
Great videos!!! Capital Grille?
13:03 Shouldn't formula be (Average day rate - host cut) x days rented = rental income...?
No it’s average day rate multiplied by host cut. You would only subtract if you’re subtracting Turo’s cut not the hosts.
Thanks for video
Great information 👍
Hey I’m very interested in your course just wondering if it is up to date.
yes! also I am currently working on a upgrade to include a few more modules which get released 2nd week of August and everyone automatically gets that update :)
Best video yet, been binging these since October finally checking out a vehicle this weekend, great mentor!
thank you so much!
I love your videos!!! quick question. Am I able to be a host on Turo if I am only an authorized driver on the car insurance (I AM NOT THE PRIMARY DRIVER).
thank you so much and yes you are. Turo doesn't have any real specifics about who hosts the car as long as of course you have permission from the registered owner of the vehicle.
@@saimahsexperience yes you’re right, I just got off the phone when Turo. thank you!!
I was ready to jump all over fetch with your referral but they aren’t in Chicago.
I know they are expanding pretty quickly so hopefully they open up near you! What type of vehicle would you list?
@@saimahsexperience based upon what I’ve seen their business model being I would look at a pickup truck and or a small to medium van. Nothing too big or expensive that could be intimidating to the users. Their site says 30k a year with both options but of course that depends on your market and how much publicity they do there to draw the users.
@@XX-166 love it! We'll I'll keep you updated if I come across anymore info as they expand :)
@@saimahsexperience I’m waiting on the opportunity to use you as a referral in this business endeavor so that we can both prosper.
@@XX-166 you're amazing! and THANK YOU for the support over the years it's so greatly appreciated!
Thanks!
No problem!
You so pretty😍 appreciate the info im about to try this
Hey I have the business bank account I have a vehicle (economy) I created an LLC I have the GPS for the car toll pass, key lock box, maintenance done on the vehicle . Am I ready to go live?
Yes! Take lots of great photos for the listing ( at least 10+ ) and you should be all set!
All depend on the car, has nothing to do with Turo, if you have good car, will be expenses,
good video
12:23
Cheekbone Saimah! Damn your cheekbones are super succulent..lol
I love you Saimah
Drive Uber better then hosting the car out
can you drive Uber when you at 50 years, and how many overnight driving you can do driving Uber?
Your soo beautiful i keep forgetting what the video is about
All investings should start with INVESTING on YOURSELF first, self education is the key to getting RICH.... a fellow creator,
100000% agree! Well said!
Interesting that this video is on encouraging Turo fleet. While most people dumped their Turo Fleet.
Source? Yeah, that's what I thought.
@@robster420 source would be others who were in Turo as well? Both the topic and my comment are simple observations and opinions.
@@carzaddy638 Your "observations and opinions" are not a source. You stated that "most people dumped their Turbo fleet" without providing any source material to back up your comment.
@@robster420 i didn’t say they were.
if you actually track inventory on Turo across all the markets Turo is growing as a whole. If you even look at some of the data Turo has published online especially in their S1 to go public they have shown consistent growth numbers especially on the supply side - meaning more hosts and more cars being added to the platform. I think every year we see hosts coming and going from the platform. Often times those who are "dumping" their fleets are louder than those who are growing their businesses. From my observations you see a bit of both. In my private community the majority of people are growing their fleets so I think it just depends. Oddly, during this recession I think we're going to see a lot of people joining the platform to create additional income streams for themselves - but likely as a side hustle and not full fledge business. This is something I will be watching closely and will report back to the community.