My Turo Earnings/Expenses/Profit Breakdown For 2023!! (Must Watch)

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[CK_youtube]

Beautiful stuff! Love the transparency and the good with the bad, pros and cons. Hard to find a better source of balanced advice when it comes to the Turo rental world. Hat tip to you for chugging along and adding other hustles to your stable of businesses! Keep it up and love the positivity despite all the setbacks. 👏👏👏

[dennycars]

🎉Tony is THE MOST TRANSPARENT honest dude doing Turo at a high level.🎉 congratulations 🍾 bro.

[AverageDailyHustle]

The IRS is over here rubbing their hands waiting for Tony to finish turning that 1090 so they can verify everything on this video.

[MJW]

Great infom thx for being transparent. You're obviusly doing some stuff right.

[PlayBetterSlots]

One thing not factored in beyond your net profit is the EQUITY that you're accumulating in all your vehicles as you're paying them off and as that happens you're net profit increases. Eventually you'll own all cars in your fleet with NO monthly payments and your annual profit will be nearly double what it is now.

[rooseveltabellard]

Great Video, Tony! Are you able to make a video of what you might actually pocket after taxes and all the depreciation on your cars ?

[missmaryjanegreen]

Another great video! Thank you so much for your transparency.

[TheMGraph]

Interesting how Statefarm lets you insure a 17 car fleet without asking questions.

[mkhavok]

You need to LLC and hire a tax professional. You could be leaving a lot of money on the table in taxes. I presume you calculating your taxes accordingly and writing off all these maintenance costs with logged receipts.

[JonathanS]

It would be nice to know how much you spent on maintenance in 2023.

[jaquitad.nesbit]

Thank you Tony for sharing this information!

[expletiveericgaming]

Great video and the transparency is awesome! Big Thumbs Up! 👍
I'm wondering how the hell did you find a shop big enough for 14-17 cars for $1350?!
How did you go about searching for the shop?
Facebook marketplace or a real estate rental app?
Also I'm assuming you're doing the financing with a small business checking account.
Did you have to establish a decent bank roll to qualify for that amount of car financing?
Was your small business "credit score" a factor in getting that many cars financed?
Any reply or feedback Thanks In Advance!

[crisruiz]

Great transparency! As an agent for State Farm we don’t cover accidents if you’re renting vehicles out as a business so how would losses on your vehicles be covered? If you didn’t know this it might be something you’d like to investigate!

[Philosific]

Few questions Tony:
1. Whats your time investment this? or in otherwords how much time per year or day or month are you spending on this?
2. Ik you said you would make another video for your maintenance expenses, do you keep proper accounting for that? after you subtract that out of your net profit, what would you say that yearly number is?

thank you

[razealghoul]

I appreciate your transparency in this video. Keep up the hustle. How much do you spend on maintenance?

[johnjohns]

Depreciation. Didn’t see this hidden cost that can WRECK your biz. It’s a cost you have to budget for monthly.

[andyfma]

Does this include vehicle depreciation?

[tonybryant]

I went through all your earnings videos, for the life of me, I can’t find where you share the expense spreadsheet

[borissander]

How do you store that amount of car so cheap? Thanks for your time and your video!

[baseline]

Tony do you need to get a commercial insurance or turo insurance to register your car the DMV