5 Ways to Make (A Lot) of Money on Turo
Вставка
- Опубліковано 25 лип 2024
- Let's talk about Turo and how to make money
🚗 Learn How I Turned Car Sharing Into a Six-Figure Semi-Passive Revenue Stream: www.thecarsharingmasterclass....
__________________________________________________________
Check Out My Affiliate Partners (I Make Money From These Links):
📍 The Trackers I Use: www.onestepgps.com/?Aubrey-Janik
www.outdoorsy.com/invite/aubr...
🔧 Tired of Spending Money Fixing Your Car?:
fixd-automotive.myshopify.com...
🎥 Check Out the Gear I Use to Make My Videos, Build My Van & Manage My Turo Fleet: amzn.to/3gBbxBE
For Sponsorship inquiries please contact: kyle@smallscreenmarketing.com
__________________________________________________________
SUBSCRIBE TO MY SECOND CHANNEL:
/ @aubreyhp
SUBSCRIBE TO HP’s CHANNEL:
ua-cam.com/channels/AOC.html...
__________________________________________________________
TIMESTAMPS BELOW:
00:00 - Intro
00:17 - My $15k Toyota Yaris
01:34 - Revenue Stream #1
02:42 - Revenue Stream #2
05:58 - Revenue Stream #3
08:12 - Revenue Stream #4
10:58 - Revenue Stream #5
12:21 - Closing
Sources:
www.consumerreports.org/buyin...
www.cnet.com/roadshow/news/av...
www.caranddriver.com/news/a36...
www.wsj.com/articles/hot-used...
_________________________________________________________
Disclaimer:
I am not a CPA, attorney, lender, or financial advisor. The content in these videos should not be construed as tax, legal, or financial advice...etc, and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a UA-cam video for entertainment purposes ONLY. IF stocks or companies are mentioned, Aubrey may have an ownership interest in them - Please do not make buying or selling decisions based on Aubrey’s videos. If you need advice, please contact a qualified professional.
#Turo #Income #Revenue
Is the like button that sweet, sweet blue color yet? 😘
Yes it is.
If the Buttons name’s Aubrey….. Then yes.
Not on my end......maybe I need to update my phone.
Yes I got you
It's black
As a Turo host my top strategy for making money on Turo is not wasting time on cars that rent for $25 per day. You put in the same time with a car that rents for $25 vs a car that rents for $125. Also, with the more expensive vehicles, you typically get renters that take better care of your vehicle.
In my experience people abuse a car regardless of the type of car, the problem is that the abuse on a cheaper car is much less expensive to fix. But there certainly is more than one way to run a Turo business and the model of renting a higher priced vehicle is a good one to go down!
do you have a camera running in the higher end cars?
I haven't started yet but I agree! I'm going to get cars that fetch $200/day. You can buy $40K cars that get the same as $70K cars I've noticed
Shane you are so right! I agree 100% everything you have said. Not only will you make more money for the same amount of work, You will also have less competition.
This is just like hand bags sold in Walmart vs. LV,
Shangri-la vs. Motel,
It depends your market strategy and target clients
Great video! I've watched a few of you videos and I'm interesting in learning more and i'm considering jumping in once I've done a lot more research. ✌
Thank you for sharing all your knowledge
Hey Aubrey I so glad I came across your video. I been learning so much from you...you inspire me to start my car rental business. I have one question...when buy a use car....do I pay close attention to the mileage if so what is the mileage starting from low to high to look for? I confused please help..thank you 😊
Very helpful video. Thank you so much!
Thank you, working on starting my own fleet.
Great videos. I’m quitting one of my two jobs to focus more on Turo. Thanks for all the info.
Yes invest in YOUR SELF
Hi Aubrey, thanks for the video! How to find a car below average price? Could you tell about it, please?
Love your work friend!
Great and informative video
How have cars do you have!? Joining next week!! Super pumped!
Graham Stephen vibes with your mannerisms and edits lol
Dude, love Graham. Been watching since 11K subs. Dudes on another level now! Goals!!!
I thought the same thing as soon as the video started 😂😂😂
I love Graham I watch him every chance I get
So glad i found your channel! Very informative. Question: say the trans gets messed up while rented, who is responsible for that repair? Also, where do you park your cars? Thanks for the great content!
If you could prove it was done by the renter, it would be the renters fault. But, it’s almost impossible to prove so most times it falls on the host. As for parking, I rent a lot!
Thank you very informative
Thank you for watching!
Very Informative
Hi Aubrey, just wonder what protection plan do you use for your fleet?
Hey what is your process for market research? I don't really trust the carculator for my market.
Where to buy car under market values if you don't a dealer license? I think from a private party might be good.
Hi Aubrey, new to your channel. I’m glad you brought up about damages and total loss. It’s good and I’m relieved to hear that Turo actually will cover all cost depending on the damages. My concerns although is this and maybe you can shine a light on this. Per say a vehicle have gone and done the safety and pre inspection prior to a client using it and say while the clients been using it for couple of days there’s a electronic or mechanical failure on the vehicle that weren’t there before or even in its history of the vehicle. I know for a fact that many clients probably will take advantage of the vehicle because simply knowing that they will be covered regardless anything that happened to the vehicle. If a client drives and treated a Mercedes like it’s a honda or unresponsibly uses the vehicle for joyrides or street race and blew the transmission or water pump or engine overheated due to failed thermostat in that case will Turo cover those repairs ? I’d love for you to give me feedbacks pls. Thank you. 👍
I am Turo host in Califirnia. It would be difficult ti privide a guest had something to do with a electrucal issue and Noooooo Turo would deny the claim. Just a fyi remember cars break down, starters, breaks, thermastat. You have to keep your receipts for maintence. If you are that concerned I would install a tracker that monitors abuse fir example speeding. You could provide they ruined your tires from excesssive fast stopping. Take pictures of your tires. Take pictures of the doors and dashboard. Please rip holes in your leather.
How do you possibly buy any used car for under market value in the current market situation?
Hey, I’m Aubrien. Our names are similar! 😁I also host on Turo! Thanks for your videos!
Is there a way to gauge demand in my area? Can I get rental numbers from app or another source? I am in panhandle of Florida and there aren’t many rental co here yet it is a vacation destination. Please advise!!
Peace.. Shalom.. Salam.. Namaste and Thank You for All that you are doing for World Peace.. 🙏🏻 😊 🌈 ✌ 🌷 ☮️ ❤️
Do you run all your vehicles thru a business? If so, how is the finance and insurance rates through a business and what providers do you use for commercial insurance?
Girl! I’m literally contacting the dealers today cause of you 🤣I’m soooo upset that I don’t know if to go with Tahoe or Escalade or now XT6😩
Amazing! Keep me updated on what you choose!
That's why you need the help of a professional who understand the market and how it works very well
I'll recommend you to my Expert Charles Washington of financial education, he has been my broker and account handler for over three months now and it's been of good experience and Gain
When Looking at previous reoccurring history of bitcoin , all condition for the bull to take full charge has been met but for the lowest band of the bollinger band which is yet to constrict the entire band to signal a Sharp upward swing. Indication also show that this is about to happen so, bit will definitely keep rising so its right time to get all in but smartly of course. Its either you are great at it and if not, there are quite a lot of service offering signals, the best to my knowledge being that of Charles Washington a well seasoned trader who has proved his worth at least to me as l made over 7 btc is a few weeks starting trading his signal with just 2 . (Whatsapp+ =1= 4=6=9=3=0=9=7=0=6=8) is very adept in TA and FA as well as analysing the market in such a manner that other top traders should emulate
I love churro!!
Graham needs you on his podcast
You have inspired me to start a Turo fleet
Love it!
How is it working out for you?
Is there compensation for loss of hosting a vehicle when it is getting fixed because it was in an accident while being on Turo?
The same C Class Benz gets me $75 a day here in Las Vegas. I would raise my price from $45 Aubrey. Good Content :)
I'll give it a try, just raised it a bit to see how it does!
Mr. DMG i got a 09 C350 AMG package. Wanted to start Turo. I’m in Southern California and near the airport too. Does $60 sounds fair ? By the way quick question if a client has my vehicle and caused a check engine light to come on while in their possession and when I get it back comes to find out it’s electrical or mechanical damage or failure can I claim that through Turo ?
Not "can send the reciept" on fuel re-fills. You HAVE to send the receipt, along with before and after pics of the gauge within 24 hours of trip end. They pulled that one on me last week since the guest did not pay the invoice.
Great point, 100% have to include the receipt
Not sure if this is a recent change or not, but the receipt is not a 100% must. I had a midnight return that I had to fill up but pump didn't give a receipt and the gas station was closed. I completed a successful claim with pump gal/cost pics, pre and post-trip pics, and the pending transaction on my card billing statement for the same exact amount as the pump pics.
@@jdm3969 Following.
How do you have a 2007 Yaris on TURO? I thought cars need to be 2013 or newer.
Great common sense advice. What are your thoughts on partnering ride share vehicles with short, medium or long term rental property investors? Could you please provide a video on this? Thanks!🚗+🏠
Common sense is no longer common so this generation has to make videos. She actually has bad practice at business. Charge fair price up front don't try to nickel and dime customers. That's how you kill a platform.
Hey Aubrey how old do you have to be to be a host on Turo?
The only part I dont understand about Profiting off of damage claims is, what if you're on the 75/25 plan dont u first have to spend 250$ for the deductible to turo, and then they send you anything after that to cover the rest if the damage cost more?
Yes this is correct, but if you can fix the damage for a really good price than you can still profit
@@AubreyJanik gotcha, like if I find the part somewhere cheaper as well for than what turo estimated the part may be worth, also even if I can install a part myself I understand! Thanks
Your a great turo host ❣️❣️❣️
How can you rent a 2007 Yaris on the platform? It says the vehicles have to be no more than 12 years old?
They can be grandfathered in
Hi, if I have a guest on a trip and the car malfunctions or has a flat tire. Is that something I’m responsible for. If so, would I use the turo insurance or my personal
Tires, no - general maintenance, yes
@@AubreyJanik no for Turo insurance or yes for Turo lol I’m just trying to understand how it all works when a guest is on a trip and the car breaks down.
Please answer my question. What type of tags do I get for a fleet of cars? Or do they have to private plates? I own a used car lot and have access to cars and thinking of starting a fleet on Turo.
Varies by state, as does insurance requirements. America is 50 mini countries. Learn
Hi Aubrey, so how do you buy cars below market value?
Try an auction
A 2009 Toyota Yaris with under 100k miles goes for around $8-9k now. Good luck paying less than twice that for one that can be listed on Turo with a clean title.
I’m looking at hosting and really like your videos but I am curious if the damage portion of the video is still accurate today or if you are on a really low deductible plan like the 60. If you are on the 60 it seems like you would be giving up a lot of guaranteed revenue for some maybe revenue.
I’m on 75% plan today for all of my cars
What do you do with the registration and insurance documents if you don’t want your renters to see your address
Block off the personal info
@@AubreyJanik how do you do that? Black marker on a copy of registration/insurance?
How does that convenience fee work on an EV?
If your car is totaled, can you be reimbursed for lost opportunity cost while the car is not in service? For instance, if your Yaris was making you $25/day and someone totaled your car, you have lost income from the daily rental. Can you be reimbursed for those days when you’re not making money on the car?
I wanted to know how to plan and make profit off of my financed car and pay it off early to get a new one. I have a loan of $8000 and the car is priced at a range of $38-$43 per day. I need advice and help please.
Hello I really like what I see... but the Turo service is not available in South Africa 😢
Can we talk further on this?
what abt the mileage does it have to be below 130K ?
Great job on the total loss part though!
Thank you!
Do you buy your vehicles in full or utilize credit for fleet purchases?
Pay cash
@@AubreyJanik Paying cash is not 'interesting' lol
How do you get a 2009 on turo?
You just list it, 2009 are allowed
Not sure I like the idea of hoping people damage or leave the car super dirty just to profit off of it. Also seems like you either have to invest time or money in detailing or repairing cars which seems like an offset to some of the money you can make. Also what about general maintenance cost for the car? Surely if the car is being used often you will need to replace brakes, belts, fluids which will also eat away at profit unless your being cheap there which isn't really ethical...
If you run the business correctly you can have a very profitable business while matin it a very ethical business as well. It can be a win win for the host and the guest
Hey Aubrey, as I was reading your 2 comments to me they got deleted 😭😭😭did you happened to delete an episode just now???
No I didn't! That's odd - maybe a bot commented on your comment and as a result the entire comment got marked as spam - UA-cam has a horrible problem with Bots and Spam comments, so I have my channel set to delete comments that could be spam. What did the comments say? I can respond here!
If there is anything you wished in a car app like Turo, what would it be? I will deeply appreciate your reply
Are you related to Stephan Graham?
That was a funny voice 🤣
Good video coach. I'm tuned in
Do you believe jeeps or cars do better
Do you need liability insurance? If a renter gets hurt, or their "neck is sore" from a little bump, can they sue you as it's your vehicle they are driving? Scam artists looking for the easy way to rob you and all.
This is NOT passive income- this is a job and dealing with customers is not for the faint of heart or those with high blood pressure. It is like working at the returns desk at Walmart.
I think u forgot trip extras
I did forget those! I’ll need to make a video on that
What is trip extras?
Are you allowed to put older vehicles on Turo? If so, what's the oldest car that you are allowed to have on the site and how many maximum miles can the car have?
12 years or newer with 130k miles or less
Yeah but turo keeps that convience fee
I love your videos but this is one is off a bit. Profiting from totaled cars?? All of my 11 cars are $100 to $200 per day and I have had virtually no problems because the clientele is high end and they tend to take GREAT care of my cars. I haven't had an accident with a guest in 2 years of renting...knock on wood!!
You can absolutely profit from totaled cars, it’s not an income source I would rely on but if you are losing money when your cars are wrecked than you are buying your cars at the wrong price. It’s never good to have a total loss, but it can be a profit center if you buy cars at the right price. This point in the video isn’t saying that you should look to total cars, but that you should keep it in mind when purchasing cars, and thus always buy below market value
A tooth!? Did they... ask you for it back? lol
Lol, he denied it was his 😂
@@AubreyJanik HAHA! I am so sorry to laugh but that is absolutely hilarious. The best yet.
What percentage of your subscribers are interested in Turo?
Just curious...
I’m not sure of the exact % but turo videos are by far my best performing videos outside of stimulus content- if I had to guess I’d say probably about 30% of my current subscribers are from Turo related videos
@@AubreyJanik im here because of Turo
@@AubreyJanik Here's why I asked: I'm not interested in Turo videos but I am interested in your business opportunity videos; it's a little disappointing sometimes to get the notification from youtube and it's another Turo video
Maybe others feel the same way and it's stalling your subscriber growth?
Maybe you should have a Turo only channel?
Just some thoughts...
@@michaelguillot8242 I get it, not everyone is interested in Turo and I totally understand that. I am making videos 3 days per week and I do plan to divide those videos amongst business/side hustles/ Turo and there will be people that aren't interested in Turo and others that don't care about business/side hustles which I totally get.
it's tough because the reality is the vast majority of my subscribers have come from stimulus related content - which is an unsustainable topic to continue with if I want this channel to continue long term, so pivoting into a new direction (which is really the old direction this channel was originally intended to be) is a step I feel is necessary.
But, I also think that the channel can't niche down too much. I believe covering Side Hustle/Business/Turo is a good approach because they are all related to each other indirectly, but they aren't too niched to where I am making my target audience too small.
There is also a very real problem of coming up with content - I don't have enough business ideas to talk about that exclusively three days per week, nor do I have enough Turo content to talk about that exclusively 3 days per week. But I also don't think it's a good play to have a separate channel for every individual topic I have an interest in covering - which is why I think having this channel be the "Making money" channel is the right move, and Turo is a part of that.
If you look at a lot of big creators you will see a similar trend, and I am sort of modeling my strategy off of them - for example Andrei Jikh is a crypto channel, but he makes videos about Crypto, Stock Investing & the occasional side hustle video. Graham Stephan started as real estate, but now focuses housing markets, general investing and general finance. For me I am modeling my strategy in a very similar way where the focus is making money but the video topics are Turo, Side Hustles...etc
As for the subscriber growth - channel growth goes with the flow of your videos - I grew a ton last year because I had a ton of videos get picked up by UA-cam and thus pushed out new audiences, same thing happened in October of last year and again in January. When UA-cam pushes my content (which has happened once every few months) i gain an influx of subscribers really quickly, but then I settle into a new normal. At one point I was gaining 5-10 subscribers per day on a regular basis, then it went from 20-30 now I am gaining consistently 80-100 new subscribers per day. This has been pretty consistent even with the shift in content recently. I don't feel like as of now this shift in content it is slowing growth, the slower growth is just due to the fact that I haven't had a video pop off recently which is expected.
Sorry for the huge response here, lol definitely didn't mean to post a novel- but I know you've mentioned a few times about the lack of interest in Turo and how that could effect the channel and so I wanted to provide some insight into what my own thought process with this is. I of course value what the viewers of this channel want to see, and I have plans to equally divide this channel amongst business and Turo - in fact, a money video is coming tomorrow!
But, the reality is that Turo videos perform really well, and aside from stimulus they've consistently been my best performers and I as much as I feel a real need to cater to viewers like you who don't have an interest in Turo I also feel a need to cater to those that do.
Like always I appreciate your feedback and your continued support! I didn't meant to type out a massive message here but wanted to provide a thoughtful answer to this as I do think you bring up valuable feedback. But, I also want to emphasise that money making videos aren't going anywhere and I am going to be making a real effort to equally divide this channel and the content among different revenue streams and side hustles, but Turo will always be a part of that as long as I am involved in Turo with my own personal business.
@@AubreyJanik I'm glad you did, I understand a lot more now!
You have good judgment, seems like you're making the right call here
Graham Stephen reincarnated as a girl
Hahahahahaha
You will not make a lot of money. Your car is will end up being in the shop because people will wreck them and they will abuse them. That is the truth. Over and over I've dealt with this. Especially any kind of performance car. And Turo support is horrible.
Respectfully, there are a lot people who truly believe that they good at something, and sometime it truly appears as they do, they feel good about themselves! and applaud about how they go about it, until time passes and see what they thought was the right isn't. I am saying all that to underline if you hire an accountant or personal financial adviser they will show you how to go about calculating ,revenue profit, expenses and so on. In business you cant crunch numbers with emotions and reasons, 2+2 =4 that is the end.
I’m still confused where this claim of me calculating my numbers from “emotion” is coming from lol or what that has to do with this video, but okay.
Mrs Graham 😳 JK
This girl tries to screw her customers out of money oh i see.
Im curious who rents these cars that no one wants and for what purpose. This girls car has done a lot of crimes. Personally I would avoid these clunker rentals and so would anyone doing legit stuff. These are druggy loaners.
Makes no sense. Make money with fees but don’t make money with fees. So many incorrect statements in this video.
I fully understand they way you go about calculate your revenue (expenses - income). But the problem is you using logic and emotions in tabulate these numbers. Unfortunately finance does not involve emotions or logic. For example if someone return the car half full , how do you measure your time to go and fill the tank? wait for Turo to reimburse you! Which can take days, how do you come about with a cost benefit value for your time?
I’m not sure I understand your question - none of the figures I’ve outlined here have anything to do with emotion, they are just straight facts. Sure, I try to be fair- as business should. Making money isn’t about screwing over someone to make a quick buck, it’s about doing what needs to be done for a sustainable business model.
As for waiting for turo to reimburse you- sure, you have to wait. But I don’t need money right this second, I can wait until the reimbursement is approved and until it hits my account, which if you play the Turo game like I do and you follow the terms of service to a T, you’ll get approved. You may have to wait 72 hours but that’s fine.
Bro she gonna get you for everything, she trying to look for ways to screw you rather than change a fair price up front.
🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻🤝🏻