The TRUTH About Making a MILLION Dollars on Turo

__________________________________________________________
▶ Resources I Use/Would Use:

#Turo #SideHustle #ExoticCars

[RealWestCoastDave]

Great job on the breakdown. I do want to point out 1 point to consider. I read the article and she mentioned that she also manages cars on turo for other people (how many is unknown). This is a huge piece of information that most are reading over and/or don't understand fully. Managing other people's cars is my specialty! If her agreements are like mine, then she is NOT responsible for the car payments on the cars that are not owned by her. An example of a 60/40 split (in my fleet) would be 60% to the owner and 40% to the manager (her). No car payment.

[aaron]

I’m in Miami as well, All Star Host. I have 4 cars that are from an investor so far and I have them on a 70/30 split, luxury no exotics. While I can say it’s smarter to have economy cars, having luxury/exotics open you up to another realm of ppl that you get to market to, I’m in real estate as well. Those connections are priceless

[AubreyJanik]

Once again, I want to reiterate, because I don't think it can be overstated, this video is NOT intended to be a 100% accurate way to calculate potential earnings, as there are SO many factors at play, this is a ball park estimate that can give you an idea but certainly should not be used to make any real Turo decision. Secondly, this video is made under the assumption that the $922k is take home pay, if this is not the case and if it is in fact host earnings, than this host is losing A LOT of money. But again, this is not something we able to confirm. Hope y'all enjoy the video!

[arnold]

The best business in this whole thing is by the person renting out the parking spaces.

[deanedmund]

It would be so cool if Turo had a tip suggestion button for a host. I believe this will make host give better customer service.

[dferdinand]

Guys focus on your freedom number. Run your own race. Comparison is the thief of joy.

[BackyardEngineer]

I never went to college but I felt like you were my professor I never had.

[hoover]

I’m an all star host here in Miami. Been doing Turo for about a year but considering maybe stepping away from it because I can’t compete with the low daily rates other hosts offer. I’m sorta envious that Aubrey can make $1000 from one of her low cost vehicles but I struggle to even reach that amount on some months with a 2019 Jeep Wrangler. Hosts are renting Teslas & Jeeps for $50-70 a day, $25-$40 for economy cars. There’s no money to be made

[AP-ehgr]

A little point to consider at 20:45 - your Huracan is not dropping below 90k in value unless it gets totaled/salvaged/rebranded (something tragic). Half of the 11y is a reasonable figure to be looking at to recover half the price you paid for it

[notarybrotha-trevorwells]

Your brilliance cannot be overstated, Aubrey.

[rapidroadsode]

I’d say that when you’re at the point of having 60 exotics andl uxury cars in such an image heavy city like Miami and you have stories written about you, you’re likely at a point where you’re marketing on Instagram, have a nice website and people are coming to you directly. You are seen and known in your city for having all these cars! You’re also renting to and meeting celebrities and wealthy travelers . At that point you’re able to charge the correct rate for your vehicles . So it may be difficult to gauge her income if you’re assuming all Turo.

[MickeyCh]

Fascinating presentation; watched through the end and I have no interest at all in doing anything like this ever.

[oasles]

Thank you for the great content. Question: How do you rent a 2007 Ford Focus on Turo (or do you use some other platform?). Toro’s site says your cars can’t be older 12 years or so and no more than 130/140k miles

[thegamepz]

There are few things to point out.
7k Hyundai won’t rent for 45$/day ( in my market you can find sonata for that price from private party but daily rate is right about 35$ ( without the discounts )


Second thing:
This Hyundai will be rented for 35$/day this year and next year year probably will go down with 1-2-3$ and this will continue till it gets totaled.

On the other hand the Lambo will get that daily rate for next 1–2-3 years and once the newer models hit the market ( prices on older modes go down ) you won’t be able ask 1k a day.

You will go down to 700-600 maybe even 500 in few years if the vehicle survives.

ROI on the Lambo is more than 11 Years and the only benefit of renting it is that someone else will be doing the payments and maintenance of your Lambo.


I’m at 10 cars now and I have free airport delivery for 1-2week longer trips. I’m reaching the point that for my next cars I will go away from the economy and focus on mid range ( similar ROI less work - nicer vehicles )


But indeed renting cars is up and down.
Some cars are booked back to back for whole month others sometimes sit for 3-4-5 days then everything is out and everyone is asking to extend their trip but vehicles are booked just for the next few days to have 6 cars sitting at home

[JayFay_]

I have a 2023 corvette that I was looking to put on the turo market for $250-$500 / Day. But after a little research and scanning our current economic environment, I’m not sure if it will be the best decision.

[sideaffect]

Just Brakes replacement on Lamborghini will cost about 30 to 35, 000 so

[RoeVenturesLLC]

16:03 that Turo host put all her business out there to be judged lol

[jeremyhefton]

I love the simplicity of a paid for fleet. Less to have on your mind and as you stated, if something happens and you lose your platform, you are not at risk of going bankrupt!
I will likely do a deep dive into your content soon but am curious how you handled expanding? Did you start with 1 and not take income from it to pay for the next and then do that with the two to make four, etc?
I just bought my first. On a low risk loan as I always look at my worst case scenario. The platform disappears, I drive the car on my 59 mile round trip commute rather than my truck and save $300 a month on fuel costs and pay the $195 loan out of pocket.
But I do intend to pay this loan off prematurely

[kaylove]

Yeah. I prefer the economy cars like you said they are recession proof and I think you can make a decent profit on economy cars It would take a lot more economy cars to make a million dollars a year but it's possible. I mean Enterprise basically does it everyday except their economy cars are newer lol

[harithtravel]

Nice videos what do you use for remote pickup