Hi! My name is Alex Witherow and I am your host of Car Rental University. Car Rental University helps anyone start a side hustle or a full-on car rental company renting your cars out for money. My overarching belief is that anyone can rent cars in any market, it just depends which car-share platform is strongest where you live. Feel free to book consulting time with me and I can customize a plan to you.
Learn more about Car Rental University: www.carrentalu.com
Download "THE CAR INSURANCE MINI COURSE AND THE FIVE THINGS YOU MUST DO BEFORE STARTING A CAR RENTAL BUSINESS!" at: www.carrentalu.com/car-rental-university-landing-page
Turo host here, I can say with certainty that Turo doesn’t check the validity of guests license or their driving history. I’ve personally had multiple guests that signed up using just an ID card and they got approved. In addition, I used an online service for a couple months that allowed me to check the status and history of my guests license. To my surprise, I discovered multiple people that booked my vehicles, but had their driving privileges suspended or revoked. One individual had two previous DUI convictions, reckless driving, along with fleeing and eluding charges. Unfortunately Turo doesn’t appear to be concerned, or putting any effort into weeding out the potential problem drivers. Keep in mind, I offer a variety of vehicles from luxury SUVs, sedans, convertibles, and newer economy cars. I also keep my prices above what Turo suggests, I also don’t offer unlimited miles or one day trips. This tends to weed out a good portion of the problem renters. My utilization is still above 80% on average. Take it for what it’s worth and good luck out there!
I would say the caliber of driver on Turo is better than other platforms, as someone who has used them all (see HyreCar 👎🏼). But yes, it’s all relative.
Hi Alex, I’m a Turo host with a modest fleet of vehicles, and I’m curious if you’ve been following the latest changes Turo rolled out? It’s primarily related to dynamic pricing and the removal of our calendar that showed a full month. Needless to say the majority of hosts are pissed and I’m seeing a bunch of them leaving the platform. There’s definitely some sketchy decisions being made at the top and let’s just say it hasn’t gone over well. If you’re not familiar, I suggest taking a look at some of the Turo Facebook groups and scrolling through the comments. I think we’d all appreciate hearing your thoughts or additional Intel if you have any. Thanks for doing what you do!
If you have a car that’s paid for and does not have a high value, why be worried about anything but period zero? If your car is minimally driven during period zero, can you really just get by with a product like Hugo since the platform insurance is in effect for the driver?
Why would you need insurance while parked on private property? Hugo is set up for this very reason. It allows you to insure only when you decide to drive it.
does your course/mentorship teach how to do private car rental as passive income, as in outsourcing things? or is it something that needs to be more active income?
Ah yes, "just park them on the street or in the neighbourhood". Extracting private profits from public, shared resources without even doing your part in funding and maintaining them. Scumbag. Just pay for your fucking parking infrastructure, if you're going to be running a business, instead of stealing from the commons to save a buck.
Really informative love the video man. What would you recommend is a good state on the east coast that’s good for private rental. New York is rape and I want to move not just for private rental but better quality of life
@CarRentalU I hope Turo allow hosts to opt out of allowing Uber drivers to rent their vehicles, but I seriously doubt Turo will do that. There are plenty of large, co-host operators who wouldn't mind renting to Uber drivers, but for the small hosts this will destroy our business. As I pointed out before, do you want to put your investment in the hands of some of the Uber drivers you've used recently? I certainly would not. I think this is all a "big business" way of pushing the little man out of the industry. Turo is already basically forcing hosts to give unlimited mileage through its new long-term discount formula. Price per day limits will probably come next. A simple opt-out option would allow Turo and Uber to get as much money as they want out of unsuspecting Uber drivers, and allow hosts to have a CHOICE in the matter. P.S. - I almost died laughing when you said Turo is investing in getting quality guests. LOL!
@@CarRentalU if they're worse than some of the ones we deal with in our market ... then we need to re-engineer the car share model. There's a reason why these folks come to us when the Avis and even Dollar turn them down.
How do you feel about co-hosting your cars , while utilizing this win, win. What does it mean for the co-host who supplies their cars to the TURO host who rents them out?
Also, if there are a lot of accidents including when the car is totaled I think it stands to reason that the drivers who are not careful and invested are part of the problem. Maybe more screening and training of drivers is needed. Also another factor is the income of drivers. Its the same in the cab industry - if drivers are not making a decent income driving 8 hours a day in a careful way , then they are driven to drive 14 or 16 hours per day and drive too fast and carelessly. So Uber and Lyft taking too much of the pie from drivers is part if the problem.
Why is there a period when the rideshare company insurance doesn't cover. The period when a driver has his app on but hasn't been offered a ride yet should be covered by Uber and Lyfts insurance because he's still working.
Wait if a customer brings his insurance, doesn’t tittle have to be under his name? Would there be any liability under me if they kill someone in the car
hyre car is a scam DO NOT USE THE APP THEY WILL STEAL YOUR MONEY AND NEVER LET YOU RENT A CAR OUT THEY ALLOW PEOPLE TO UPLOAD A CAR THATS FAKE AND STEAL YOUR MONEY
The way I see it is that cars are a huge liability no matter what. For the experienced guys in the car sharing industry they're just better at managing that risk. I find that people constantly ding or scratch your car or mess up the interior trim.
Like I said from the beginning, the premise of the whole platform wasn't sustainable because you're putting the fate of the entire business in the hands of the guests, hoping they would leave the car clean and ready for the next guest.
@@CarRentalU so how did your fleet work then? I thought the whole idea was to have the cars available for any Iber user to rent and it was the guest's responsibility to leave them as a clean as possible so you only had to check the car once a week.
The best option here build up your cash in your account to X amount. So you can cover your assets. If something goes south. I run liability on my rentals
The best option here build up your cash in your account to X amount. So you can cover your assets. If something goes south. I run liability on my rentals
