TURO MAJOR CHANGES INCOMING/IS IT OVER??

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Is this the end for Turo as we know it?

Some of these changes could effect ALOT of host, but there are some host who are up for the challenge.

Faraday Key Fob Bag
KEY LOCKBOX (CAR WINDOW)

Bouncie GPS Locator/Accident notification

Commercial Ozone O3 Air Purifier Machine

HOOVER PORTABLE VACUUM
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Hello Stefan. I’m looking into starting my Turo business in a few months hopefully. I’ve watched two of your videos and I love the information that you are putting out. Please continue to do so. I want to learn as much as possible before I just jump into it. Thank you once again

mrkjreid
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Yea, I have 7 cars and I put mine on instant booking to prepare. I have to watch my calendar very close now. This instant booking could be a headache for new hosts and Turo. Also if you're a part timer, it could hurt you. I'm not sure how this is going to go. I'm still going to add more cars this month.

Prestige.Automotive
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I like the co-host feature, but I joined Turo in October and out of 13 trips 7 of my guests have damaged or smoked in my car. This is important for other hosts to know before they accept a trip(basically making the guest reviews unessential. For example someone smokes in your car unexpectedly you may have to push back or cancel a following trip due to you needing to repair your car or get it detailed. Which in turn would affect your reviews and cancellation rate as a host. Turo worked with me on this up to this point but definitely will be an issue in the future.

CJPIONT
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The Co host feature was needed, then they shafted us with removing request to book. Experienced hosts depends on this feature as a vetting tool not even warn guests about not leaving the state etc, now they’re trying to force all guests low quality and removing the ability to try to protect your asset. It’s honestly hated in Florida that they’re removing this feature to the point allot of hosts are looking to go private or jump ship.

Nobody cares about more bookings excuses, it’s going to cause allot of hosts allot of money by removing another tool to protect us mannnn :/

MrTechnics
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Good informative video. Thank you. God bless you.✌👍❤

thisandthatfloridausa
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I did my hard research just recently and for most areas it is not really profitable. What is happening is that there is so much competition - the smaller fleets and owners of one or two cars are lowering their price/day just to GET BY and pay their loan and other expenses. They do not care about profit at this time. So there is a price war to the downside. This in turn is causing the larger fleets to do the same... in fact, a lot of mid-large fleet owners are SELLING their fleet to bring in income and to get out of the business!!

According to the numbers of my local area - owners of 6 - 9 vehicles are only doing about $80 per month/vehicle @ average of 4 days rented ... to $118 / month / vehicle @ average of 6 days rented on the lower end. On the higher end; $509/month per vehicle @ avg of 4 days rented ... to $763/month per vehicle @ avg of 6 days rented.

Remember, those are GROSS figures not NET - you still need to include cost of maintenance, gas, cleaning, repairs, insurance, parking, etc., which is about 67.5% of GROSS.

Now, do the math...

mrweddingspeech
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Hmmm..."Fleet Manager" sounds like an interesting job, guess I'll be keeping my eye open for opportunities....plus co-hosting allows folks to expand out past their region into multiple markets (you hinted at that earlier)

saultknutz
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Sounds good . Already managing a fleet at miami and wanting to start own cars at turo.

CursoDeMilagross
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Great video, Stefan! What company would you recommend manage your fleet to make Turo fully passive ?

rooseveltabellard
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You should have your own website bro since you have return customers

mustaphaabubakari
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Stefan
I'vee been following your channel for a couple years now... And definitely appreciate your detailed insights and shared experiences! What % do you charge or recommend others to consider charging vehicle owners to help co-host their fleet(s)
Can you make a video about that.... If you're co-hosting OPC, for other people's cars?
Thanks 🎉 continued success in 2024

Wire-Free
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Sounds like Turo is trying to become a large Rental car player using mom and pop Rental car companies. But in order to do that they want larger fleets like yours.

martinlazar
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WE ARE PLANNING A TURO STRIKE FOR THE MONTH OF MAY 2024. We are planning a Turo wide strike for the Month of May, please remove your vehicles from being available for the month of May or for as many days as you possible can to send Turo a message to reinstate Instant Bookings. Turo does not own our vehicles we take the risk. It’s redundant that we would need to stay on the line with Turo to attempt to cancel a trip because of a booking that has one or two stars and has a terrible review then to call Turo to see if you can get them to agree with you to cancel the automatic booking (good luck) They will only allow you to cancel trips for the already well known reasons, ie a problem with their I’d and etc etc. If you only want to allow for example renting and accepting a 4 or 5 star renter that’s gone as well and more. So please do what you can to send them messages, phone calls and let them know who owns the vehicles. Take as many vehicles off as you can manage to do. Thanks n take the bull by the horns.

kolobkolobkolobkolob
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I will never cohost or take on partners. Flying solo until the wheels fall off. About 1300 trips so far. Not so great anymore.

andrewsnyder
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I tried Turo but the "guests" are just trashy entitled losers who will ruin your car - not worth the time or money

konanoobiemaster
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Time to abandon ship when instant is away !

thegamepz
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How much of a revenue split do you do?

Seedcadets
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Turo is all about themselves, its not profitable for most… and them controlling your account now is crazy … forcing you to rent your car

oesyyuh
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Lol the guest dont provide a great experience for hosts, turo dont provide a great experience for hosts… mosts host destroy your vehicle,

oesyyuh