Thank you for putting this out. All good information. Shameless plug…, It’s always a great idea to have a direct connection with someone that has access to the auctions. Most days you need a dealer license to do so. I’m located in Phoenix Arizona and can help, whoever is interested to buy and sell their vehicles wholesale at the auction for example, liquidating if necessary or adding to the fleet when the time is right. I would love to hear from anyone that would like to take me up on this. Thanks again for the great video!
Fellow turo hosts here! Watching this tonight! My question may have been covered. Deduction and depreciation question. As hosts are we able to write off both car mileage and vehicle depreciation? Or we only able to pick one for taxes.
You have to choose to write off either mileage or actual expenses. From my research and my specific case (yours may vary) I chose actual expenses. We were able to write of the depreciation of the vehicles as well.
As always, I love hearing about Turo hacks from all sorts of hosts. Recently I heard a new interesting idea, but not sure if it's allowed by Turo, and/or if how good it really is. As we know, offering free delivery is a huge boost to utilization. But the issue with most hosts is that once they drop off a rental, they then need to spend money on uber/lyft to get a ride back home, plus most of the time they then need uber/lyft to pick up the car when trip is over. This can cost many hosts around $100 for the 2 one-way trips for 1 rental. Besides the cost, the time spent going back and forth (4 one-way trips) is very valuable. Assuming you don't have someone to drive you around, I don't think there is any way to get around the $100 cost (besides reducing the cost via bus/train for some... which takes more time). If you know a way to reduce this cost, please share. But what the other host suggested, will drastically help save your time and better automate your business (if allowed). They suggested to offer free delivery, but instead of picking up the person at their location, you instead uber/lyft them for free to your car's location. In the end you still end up paying for the 2 rideshare trips, but now you don't have to interrupt your day to make the trips yourself. Thoughts?
We don’t offer any sort of delivery but I I have heard of this before. Im not sure if it’s against the rules but I think it could work. You would have to let guests know in the description/messaging before they arrive to the airport because I have seen negative reviews where the guests were blindsided by the surprise that their vehicle wasn’t waiting for them in the airport.
Hey Jho just a tip! You should tag Andrews channel in your video title or in the description just to help him out as well and will help you in collabs!
Beautiful and a hustler great vid!
Thank you. Good interview.
Thanks for listening!
Thank you for putting this out. All good information. Shameless plug…, It’s always a great idea to have a direct connection with someone that has access to the auctions. Most days you need a dealer license to do so. I’m located in Phoenix Arizona and can help, whoever is interested to buy and sell their vehicles wholesale at the auction for example, liquidating if necessary or adding to the fleet when the time is right. I would love to hear from anyone that would like to take me up on this. Thanks again for the great video!
Andrew is the reason I got you tube premium also! Thank you Andrew
No regrets! Saves a lot of time and annoyance from ads.
Thank you for the invite Jho! Always good to hang with you and talk Turo and business!
Fellow turo hosts here! Watching this tonight! My question may have been covered.
Deduction and depreciation question. As hosts are we able to write off both car mileage and vehicle depreciation? Or we only able to pick one for taxes.
You have to choose to write off either mileage or actual expenses. From my research and my specific case (yours may vary) I chose actual expenses. We were able to write of the depreciation of the vehicles as well.
@@CarSharingJho appreciate the insight and take the time write that out.
I'm curious, what market are you in doing turo
Im in DFW and Andrew is near Baltimore.
As always, I love hearing about Turo hacks from all sorts of hosts. Recently I heard a new interesting idea, but not sure if it's allowed by Turo, and/or if how good it really is. As we know, offering free delivery is a huge boost to utilization. But the issue with most hosts is that once they drop off a rental, they then need to spend money on uber/lyft to get a ride back home, plus most of the time they then need uber/lyft to pick up the car when trip is over. This can cost many hosts around $100 for the 2 one-way trips for 1 rental. Besides the cost, the time spent going back and forth (4 one-way trips) is very valuable. Assuming you don't have someone to drive you around, I don't think there is any way to get around the $100 cost (besides reducing the cost via bus/train for some... which takes more time). If you know a way to reduce this cost, please share. But what the other host suggested, will drastically help save your time and better automate your business (if allowed). They suggested to offer free delivery, but instead of picking up the person at their location, you instead uber/lyft them for free to your car's location. In the end you still end up paying for the 2 rideshare trips, but now you don't have to interrupt your day to make the trips yourself. Thoughts?
We don’t offer any sort of delivery but I I have heard of this before. Im not sure if it’s against the rules but I think it could work. You would have to let guests know in the description/messaging before they arrive to the airport because I have seen negative reviews where the guests were blindsided by the surprise that their vehicle wasn’t waiting for them in the airport.
Lot's of good info here. Thanks Jho!
Hey Jho just a tip! You should tag Andrews channel in your video title or in the description just to help him out as well and will help you in collabs!
Oops you're right I forgot. Thanks for reminding me!
@@CarSharingJho who do you use for your CPA?
@@kennybrown931 someone here locally. Message me on Instagram and I can send you her info.
@@CarSharingJho when buying a car to put on Turo should you put a down payment or zero down if you have good credit?