This car side hustle idea is brilliant, and the fact that he lives near the airport helps a lot with the volume of customers. Informative video you got here, Ryan!
Literally every bit of your goal is what i did within 1 year of turo. I hit 94 vehicles and absolutely killing it. But very quickly hit a bunch of roadblocks. I have had more success on Turo than just about anyone i have met and have a ton of close kept information i will share soon. Good luck to you!
The thing I realised about business is that you've always got to be humble. Humble in the sense that you are willing to admit you don't always have it figured out, and can always benefit from good advice. Stay thirsty for knowledge out there peeps. Thanks Ryan for this brilliant content.
Just as in real estate you set aside percentages from rent for capex, repairs, maintenance etc, what and how much should you set aside for turo? Obviously each car needs eventual new tires and oil change etc, what percentage is set aside from income designated towards those items?
Hey Ryan, I follow westcoastdave, he’s awesome always responds to questions. I saw when your video when you rented one of his cars. I think he can scale to at least 50 cars too! Love how you pour into other Entrepreneurs. I can’t wait to leave my 9-5 and be my own Boss. Saw the link below to the ebook and had to support!
@@RyanPineda would love you to mentor me on me web design and Google ads Agency business also Currently at 4.2k monthly and looking to scale to $20k a month
I’ve been in cars sales, mechanical and body work for 7 years. We will see how these turo side hustled end up in the next 2 years. This business model does not work. With maintainance and the amount of time it takes most to drop off cars and pick up it’s not worth it. Plus when big issues come up it’ll be quite expensive to do timing belts, water pumps, belts, suspension, tires and much more. This guy might not do too bad only because he’s near airport now.
Facts and he Tried to shit on him secretly as much as he could probably bc he feels more successful than him usually happens when doing business with other men
I did Turo when i was in university. I had 4 cars 2 mini coopers 1 BMW and 1 Infiniti. I was doing it in around 2017 before it was just starting to scale. Good times! a really cool side hustle if you like talking to people and if you like cars. Don't get mechanic transmission lol people rent those to learn how to drive stick and try to cater to the richer audience they are less likely to mess with the cars and you get more $$
@@revirdkcalb I graduated and started working at a startup 60+ hours doing pick ups and drops offs was getting hard so I chose career. I was also running a small eBay store flipping stuff. That’s how I paid for school lol ….looking back now I feel like I would have enjoyed life more with more freedom, starting an agency now and quitting my full time. Chase your dreams and fail and learn and do it again!
When I search on Turo app and in Las Vegas airport, I see cars have on average 3-4 trips per month. I'm wondering how many number of days does it calculate to on an average?
This is crazy to watch. I work in Hawthorne California and my boss has a big operation out there and does the largest hosting in TURO. Crazy stuff man.
After watching your video I started TURO myself. I have LLC and brought my first new car for TURO. Because my LLC is too new the dealership won’t allow me to put new car on business. Hopefully I can have a fleet of cars too 🤞🤞
I'm 37 qnd and have been doing lawncare for the last 9 years. I make between 1500-2000 a week . I became a millionare through it and I could retire but I'm just gonna keep doing it.
Depends what tax bracket you're in. You pay taxes on dividend income. And it will take a substantial amount of time and money to make a good monthly/quarterly draw Really depends on ones situation
This is similar to what I’ve done with my luxury boat charter company over the last year. I went from 1 boat self running to now 8 high dollar boats with several more coming. Did this in a 5 month period. What we do is share profits with our boat partners. They get a better ROI on their 6 figure boat than RE.
Just as in real estate you set aside percentages from rent for capex, repairs, maintenance etc, what and how much should you set aside for turo? Obviously each car needs eventual new tires and oil change etc, what percentage is set aside from income designated towards those items?
The TURO "rental business model" is a great business for those building a REAL business. Insurance, the proper licensing, branding, drivers/renters properly licensed and screened. This business model is for those who want to build a PROPER SUSTAINABLE BUSINESS THE RIGHT WAY FOR THE LONG TERM. This is NOT for the faint of heart or those who believe they can cut corners.
interested in his ebook, but there's no mention of it, or his socials, in the video or links to them in the description. if you can... please provide. thanks.
Here is a link! From Nothing To Something - read.amazon.com/kp/embed?asin=B096TPFWB5&preview=newtab&linkCode=kpe&ref_=cm_sw_r_kb_dp_CEVQVAX9HNK311WNPXKX
This is a good video however I'm interested in possibly hearing from someone who is scaling their business with cash cars only. What are some ways and ideas the try and scale quickly?
@@RyanPineda I’m too in Real Estate investing, Crypto, Uber and hope to get into Turo like you Bro. I can’t believe only now I’ve found your channel. You Pinoy as well?
Cryptocurrency will outsmart the banking system in the nearest future serving as a global fiat. Already making 85% from my current investment with an expert
Last week, Warren Buffett talked in BBC NEWS on how investors and traders can make millions.She recommended an Expert called "Layla Claire Wondering if viewers here are familiar with her services..?
weird interview. could tell he was trynna lil bro him the whole time .. called his work area “little” then when he said he prefers to say big he calls it little again
👏 Proud of you Dave extraordinary outcomes would love to connect with you on a possible partnership I live next to LAX I could invest in OPC genration here for expansion
@@Aragon714 a sound exit strategy is the key to success. Holding on to cars for too long, weakens your fleet with age, miles, depreciation and you can risk being underwater, especially with this serious business disadvantage I've mentioned in my previous comment about accident reporting for turo claims.
When I search on Turo app and in Las Vegas airport, I see cars have on average 3-4 trips per month. I'm wondering how many number of days does it calculate to on an average?
Personally I wouldn’t take the disrespect of throwing his towels like that. Lol everyone scales differently, no need to do anything somebody else says if you don’t agree with.
You probably have your own shop, or have your own ppl. This isn’t realistic for someone who’s just getting started. In the event, the guest crashes your car, you forfeit the right to sue them the moment you sign up for the terms of service. Turo is not the best platform you’re better off renting your car yourself getting your own insurance. Oh and your personal car insurance will not cover anything if the car damage occurs turo. Don’t forget to leave out the cons bro….
I had my c300 mercedes on in honolulu and almost every single renter caused some type of scratch dent rip broken button steering wheel. And turo gives you a hard time going through the claims i got paid but only half the damages and it was a hassle
This car side hustle idea is brilliant, and the fact that he lives near the airport helps a lot with the volume of customers. Informative video you got here, Ryan!
Definitely 1 year follow up next year please! Awesome that you are helping others to increase their business!
You got it!
Hey ryan i lived in vegas how can i reach out to this guy i can throw my spare car to him
Literally every bit of your goal is what i did within 1 year of turo. I hit 94 vehicles and absolutely killing it. But very quickly hit a bunch of roadblocks. I have had more success on Turo than just about anyone i have met and have a ton of close kept information i will share soon. Good luck to you!
94 vehicles..? You OWN 94 VEHICLES?
@@lungcops OPC - Other people's cars...🤓
Would you mind sharing with me brother, trying to get into the business but don’t know where to start
@@WaqasKhan-hx4hw message me
@@DRIVEHARDER where should I msg you email?
The thing I realised about business is that you've always got to be humble. Humble in the sense that you are willing to admit you don't always have it figured out, and can always benefit from good advice. Stay thirsty for knowledge out there peeps. Thanks Ryan for this brilliant content.
It was great catching up with you Ryan ✊🏾
Thanks for coming back on!
Just as in real estate you set aside percentages from rent for capex, repairs, maintenance etc, what and how much should you set aside for turo?
Obviously each car needs eventual new tires and oil change etc, what percentage is set aside from income designated towards those items?
Hey awesome information, my name is jaime question how can i get the ebook. And can we get one on one consolation with you.
@@jaimegutierrez9930 Both linked on my IG page
Hey Ryan, I follow westcoastdave, he’s awesome always responds to questions. I saw when your video when you rented one of his cars. I think he can scale to at least 50 cars too! Love how you pour into other Entrepreneurs. I can’t wait to leave my 9-5 and be my own Boss.
Saw the link below to the ebook and had to support!
That is awesome! Thanks for your support!
@@RyanPineda would love you to mentor me on me web design and Google ads Agency business also
Currently at 4.2k monthly and looking to scale to $20k a month
love the follow-up video! thank you Ryan! yes please follow-up with Dave in a year! love seeing the follow-ups!
You got it!
Dave is very sharp 👏. Literally thinking everyone of his ideas. I know I’m on the right track
Watching their first collab is what made me subscribe to this channel originally. Awesome to see you two collaborating
Thanks for bringing Dave back! Great conversation as always and I’m happy to see his growth from the last video y’all did (-:
Loved the video, super chill vibe and both of you seem super genuine w each other
I hate when people come to my store and say "I like your lil store"
Bigg store 🤣🤣
You dudes are awesome! Honestly - not only valuable information, but for some reason, I feel really good after watching this video...
I’ve been in cars sales, mechanical and body work for 7 years.
We will see how these turo side hustled end up in the next 2 years. This business model does not work. With maintainance and the amount of time it takes most to drop off cars and pick up it’s not worth it. Plus when big issues come up it’ll be quite expensive to do timing belts, water pumps, belts, suspension, tires and much more.
This guy might not do too bad only because he’s near airport now.
Not saying you’re right or wrong, but if you’re actually delivering the car and not doing remote drop offs, you’re doing it wrong.
David is the 🐐!!!!
Great video guys!
Great work! Definitely looking forward to seeing your growth in the future!
Much appreciated!
I would definitely would like to see a follow up in a year. Excellent video. Thank you!
You got it!
You can tell he knows his stuff. His numbers sound legit and not over the top!
Great and very informative Ryan! Thank you for the video. Keep up your good works. You got a new subscriber 😍
Awesome, thank you!
We definitely want that update with Dave!
That purple hair is actually really really dope.
Thanks!
Yes follow up with Dave again pls
The amount of times Ryan calls his place “little” lol
Facts and he Tried to shit on him secretly as much as he could probably bc he feels more successful than him usually happens when doing business with other men
I did Turo when i was in university. I had 4 cars 2 mini coopers 1 BMW and 1 Infiniti. I was doing it in around 2017 before it was just starting to scale. Good times! a really cool side hustle if you like talking to people and if you like cars. Don't get mechanic transmission lol people rent those to learn how to drive stick and try to cater to the richer audience they are less likely to mess with the cars and you get more $$
Why did you stop (it seems like you did)?
Very cool! Thanks for sharing!
@@revirdkcalb I graduated and started working at a startup 60+ hours doing pick ups and drops offs was getting hard so I chose career. I was also running a small eBay store flipping stuff. That’s how I paid for school lol ….looking back now I feel like I would have enjoyed life more with more freedom, starting an agency now and quitting my full time. Chase your dreams and fail and learn and do it again!
When I search on Turo app and in Las Vegas airport, I see cars have on average 3-4 trips per month. I'm wondering how many number of days does it calculate to on an average?
well done David, let's see how you are going to be in one year. I wish you luck
Just finished the video waiting for that follow up
This is crazy to watch. I work in Hawthorne California and my boss has a big operation out there and does the largest hosting in TURO. Crazy stuff man.
Awesome video! Thank you!
After watching your video I started TURO myself. I have LLC and brought my first new car for TURO. Because my LLC is too new the dealership won’t allow me to put new car on business. Hopefully I can have a fleet of cars too 🤞🤞
Sounds sick how's it going so far?
How good is your personal credit?
BOA will give you up to 4 cars on each LLC. You just have to PG the business and it don’t matter if it’s new LLC
Definitely a video worth the watch for a up and coming business/.Turo owner
Loving the fresh cut Ryan with the purple. Its a very clean handsome look and I appreciate it.Bring the beard back and you 10x instantly ...lol
The ULTIMATE Side Hustle is Dividends. Find a way to make money while you Sleep, or work until you Die -The Oracle
I'm 37 qnd and have been doing lawncare for the last 9 years. I make between 1500-2000 a week . I became a millionare through it and I could retire but I'm just gonna keep doing it.
Depends what tax bracket you're in. You pay taxes on dividend income. And it will take a substantial amount of time and money to make a good monthly/quarterly draw
Really depends on ones situation
Is there a follow up to this? Wanna see how Dave is doing now
hell yeah on the 1 yr followup! Cool video!
Appreciate it!
This is similar to what I’ve done with my luxury boat charter company over the last year. I went from 1 boat self running to now 8 high dollar boats with several more coming. Did this in a 5 month period. What we do is share profits with our boat partners. They get a better ROI on their 6 figure boat than RE.
REALLY good video. Extremely valuable
Lucky Lopez fellow Las Vegan said Turo rentals are gonna see a decrease in rentals due to the current economic situation!
Yeah I feel like a lot of these businesses will have a slow down if the recession gets in full mode.
Great content!
awesome video, the Follow up will be INSANE!
You know it!
This update is what we needed haha
Great job Dave look forward to the followu
Do a 1 year follow up video please
Love to see the follow up video
Just as in real estate you set aside percentages from rent for capex, repairs, maintenance etc, what and how much should you set aside for turo?
Obviously each car needs eventual new tires and oil change etc, what percentage is set aside from income designated towards those items?
Thanks Dave.
Definitely follow up with Dave!
Will do!
loved this. very helpful. i just started renting my car on turo
Best of luck!
Yes to follow-up
San Francisco international airport based power host with 482 trips in under 5 months
How do you add a car to Turo if it isnt under your name?
Great VIDEO!!!! How did you find OPC?
Dope Dave!
He's great!
The TURO "rental business model" is a great business for those building a REAL business. Insurance, the proper licensing, branding, drivers/renters properly licensed and screened. This business model is for those who want to build a PROPER SUSTAINABLE BUSINESS THE RIGHT WAY FOR THE LONG TERM. This is NOT for the faint of heart or those who believe they can cut corners.
interested in his ebook, but there's no mention of it, or his socials, in the video or links to them in the description. if you can... please provide. thanks.
Here is a link! From Nothing To Something -
read.amazon.com/kp/embed?asin=B096TPFWB5&preview=newtab&linkCode=kpe&ref_=cm_sw_r_kb_dp_CEVQVAX9HNK311WNPXKX
This is a good video however I'm interested in possibly hearing from someone who is scaling their business with cash cars only. What are some ways and ideas the try and scale quickly?
We need a follow up!
How was he able to get that 150k funding?? I’m in the turo business but looking to expand and would love to hear more about this!
Most likely private equity/loan
Thank you for the information and video 👍👍
My pleasure!
Great video. I was just curious how he was able to get such a high fleet loan so quickly.
What is the name of that coworking place? Very interested, it has a nice studio!
Can somebody do some reviews on using Turo in the northeast?? All this Vegas stuff is unrealistic
How do you do your tax deductions? Do you use 58 cents standard mileage deduction? Or itemized every receipt?
How do you deal with other people cars for maintenance and when they broke down ?
Wasn’t kidding in how close he lives to the airport😂👌🏼. All you hear is ✈️
Awesome video Bro. New subscriber here 👊🏽
Thanks for the sub!
@@RyanPineda I’m too in Real Estate investing, Crypto, Uber and hope to get into Turo like you Bro. I can’t believe only now I’ve found your channel. You Pinoy as well?
I would love to get into the crypto market but it's expensive now with the gas price alone, something could cost $18 but the gas could be over $400
Cryptocurrency will outsmart the banking system in the nearest future serving as a global fiat. Already making 85% from my current investment with an expert
Last week, Warren Buffett talked in BBC NEWS on how investors and traders can make millions.She
recommended an Expert called "Layla Claire Wondering if
viewers here are familiar with her services..?
@@mattmanson1077 I have heard a lot about investments with Mrs Layla Claire and how good she is, please how safe were the profits
All good investors are conversant with expert Layla Claire She's unique in the field just got to keep to her instructions and you Excel
@@berlynhale3780 How can i reach her?
15 k average month 6800 average take home 20-24 hour weeks that’s pretty good
I am addicted to these vlogs, look at Ronaldo man so inspirational
Nice information, how did you get rental dealer license without a property?
Is this sustainable what happens when cars lose value and gain miles plus car fax accidents the value drops 50%
weird interview. could tell he was trynna lil bro him the whole time .. called his work area “little” then when he said he prefers to say big he calls it little again
👏 Proud of you Dave extraordinary outcomes would love to connect with you on a possible partnership I live next to LAX I could invest in OPC genration here for expansion
My grandma has purple hair also
Nice 😂
Where do I go for someone to manage my car?
I have a 2nd car I don’t drive. How can I get hooked up with a fleet owner? Located in Houston Texas
hello ryan i have a turo fleet and would love to seek your advice.
How do you handle damage claims which affect resale value due to a ding on your carfax report?
You don’t really think of selling if the car keeps making you money for at least a couple years is what im thinking
@@Aragon714 a sound exit strategy is the key to success. Holding on to cars for too long, weakens your fleet with age, miles, depreciation and you can risk being underwater, especially with this serious business disadvantage I've mentioned in my previous comment about accident reporting for turo claims.
Just bought 2 lambs and Ferraris because of this
Lmao cap you not Andrew tate
Nice!
yea, and i just bought a rolls royce on amazon
Turo is supersaturated at the moment, I'm not even sure you can make money that is worthwhile on there at the moment.
Is these whole thing coast $550 if yes what state is that and can I find something like this in Omaha, NE?
Would the insurance and roadside assistance you get cover that better than turos?
When I search on Turo app and in Las Vegas airport, I see cars have on average 3-4 trips per month. I'm wondering how many number of days does it calculate to on an average?
Would like to know this too
That C8 would never last 2 years as a rental in Vegas! If you watch Houston’s RUclips channel you would already know that!
It definitely wouldn’t 😂
He should expand to other markets
Ryan's favorite word is "I" ... "I told you this" "I told you that" 🙄
How can l get hold of him?
How do you do contactless entry? Where would you leave the car keys?
key lock box
Personally I wouldn’t take the disrespect of throwing his towels like that. Lol everyone scales differently, no need to do anything somebody else says if you don’t agree with.
Am I crazy or did he not even shout out his social media?
How can I list other peoples cars?
lets see it
You probably have your own shop, or have your own ppl. This isn’t realistic for someone who’s just getting started. In the event, the guest crashes your car, you forfeit the right to sue them the moment you sign up for the terms of service. Turo is not the best platform you’re better off renting your car yourself getting your own insurance. Oh and your personal car insurance will not cover anything if the car damage occurs turo. Don’t forget to leave out the cons bro….
I had my c300 mercedes on in honolulu and almost every single renter caused some type of scratch dent rip broken button steering wheel.
And turo gives you a hard time going through the claims i got paid but only half the damages and it was a hassle
I stopped the damages wasn’t worth making $50 a day and still having to pay $25 to wash the car
If you have a mechanic and cosmetic repair guy for cheap this will be great for you
Try 150 a day on turo
It’s 🔥
Thanks!
@@RyanPineda keep it you, you’re very welcomed!👊🏽
He was low key disrespecting Dave the whole video 💀
Lmfao I was looking for a comment I seen that too
ong i just commented that u could jus tell
I would love to see an update
All that for 8k net…seems like a lot of responsibility for such little ROI
The average American makes 5k a month. Plus he has his freedom to work for himself.
Its this mentality that keeps many from doing better for themselves including me sometimes
Is this ROI after taxes, retirement, savings for business investments??
I said the same
8k a month and only works 3-4 hours a day?
Calling his workspace little is degrading
Let’s see a follow