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Amazing! Congrats! Make sure to raise the prices for Christmas, don’t want that low daily rate to be booked out for those busy days during the holidays!
Im a new Host, and just had an amazingly high rental history in the last 30 days of hosting my new 2024 Toyota Corolla Hybrid. And a few days ago, I received a new rental for 35 days straight starting Dec, 3rd. I unfortunately had the discounts set at recommended, and lost $350 due to the suggested discounts. Thank you for posting this video, as you have opened my eyes to lowering the discounts so as not to lose so much revenue.
Thank you kindly! I’ve been renting a 2019 Ford Flex consistently for about 9 mo now. I was wondering why it didn’t have any bookings for the last part of Nov-Dec 15th. Turns out I messed up a calendar block.🤦🏻♂️ My in-laws were here so I blocked it out for them to use but put way too many days on it by accident. Anyway, this video reminded me to look at my settings. Rookie mistake.😂😂
Just started Turo....thanks to you! Had my settings on book instantly, stated guests must follow the law, got two guests. Both have driven the car 99mph or above. Drove above 85 even after I told them to slow down, showed them the telemetry data. Highest speed in the area is 70, most 65. WHAT AM I DOING WRONG?!?!
I just picked up a Mitsubishi mirage GT the highest trim for $8400 with only 65k miles. It's a one owner got the car blow market value I always try to buy any car blow it's value. I have to get some small things sort it out on my mirage then n a few weeks I will have the car listed! My first rantal wish me luck!!
I will tell you my experience with Sentra 2016 32$ a day making little over 350$ a month 140 for Insurence Oil change is 120$ Tires are 500$ let’s say u do it yearly 350x12=4200$ it makes me a year After 21k miles added to my car and after I payed Insurence and Turo changed tires and oil had left me with 1000$ for a year it will take me 10 years to pay it off
That oil change price is suspect too. You must go to somewhere like Jiffy Lube which is costing you way more than you should be paying for a rental. Even Walmart is around $40-$45 for that car.
I loved how well put and informative this video was. I’m an 18 year old who wants to get into the rental car business and also live in the DFW area. I was surprised to hear that I’ll have a huge competitor from the get-go lol
Love your videos! Do you guys give discounts to return renters? I only have 3 cars right now, but I’ve had the same person book my Corolla 4 times in five months. I’ve been giving them 10% discount codes.
You got to mention the type of renters you attract with some of these settings like one day rentals, auto booking, dirt cheap pricing and 1 hour advance notice. Depending on what area you’re in you severely increase your chances of getting high risk guest. All money isn’t good money.
@@missmaryjanegreena total is the best case scenario. It’s plenty of other fucked up situations that can happen. Don’t be mad cause I’m keeping it real. That shit ain’t all sweet
@@Takeiteazy89 LOLOL smoking - there is a fee, trashed the car - there is a fee. All of this still results in a positive scenario. Y’all being fearful says a lot about your issues.
@@missmaryjanegreenstolen car crimes committed with the car damaged car in shop for weeks cleaning dirty disgusting trash a guest left behind. You might be limited to those experiences but I’ve done it before and I prefer to deal with better guest who are actually responsible and take good care of your vehicles. Plus I make more money with less vehicles. If all you can afford is hoopties then say that lol
@@Takeiteazy89 all you can seem to do is put down the content creator & her cars/systems. Sounds like you have nothing better to do with your time 🤷♀️
I bought the minimum protection before confirming with my insurance about coverage- my insurance covers 100%. Now Turo won’t let me modify or cancel the protection. I feel like I just been duped $133
GREAT INFORMATION on the settings and very thorough explanation of what each change means in the real world. Questions: - Do you think having calendar blocks could hurt a host's ranging with the Turo algorithm in a competitive market? - (Suggested Episode Topic) With having so many cars at a low price point, do you encounter a lot of problem renters? If not, what are you doing to avoid things like renters trashing or smoking weed in your car?
30k a month is passive income? I'd be set for life with that kind of income. Funny how the hardest working laborers that keep the country running and maintenaned, dont get paid nearly enough compared to people that think 30k a month is only passive income... 🤣
Wonderful tips Aubrey! I have an interesting question! Let’s say someone books one of your cars in the middle of the night at 3 AM with a 1 hour notice. Since you’re most probably going to be asleep, how do you verify the guest identity so that he can have access to the lockbox? Do you have an automated message that sends the guest the exact code?
Okay I got a question. I have one vehicle on Turo currently. How do you handle vehicle maintenance if someone is renting your vehicle for months at a time? Obviously, you don’t want your vehicle being driven for thousands of miles over a oil change. What if it needs breaks, tires, etc. Thanks!
My guess have the guest bring it to a mechanic and pay them. It's to be expected if your a guest renting a car for months that it will need to be maintained
That’s what I do, I had a guest go 1400 miles away. They started with a 2 week rental and kept extending They ended up using the car for 6 weeks. I let them know if oil was due to take it to a shop and I’d just pay the shop over the phone.
Its pretty stupid that people rent cars for months. Like, just buy your own car bruh. Say you rent a car thats $35 a day for a month thats $1,050 a month you are spending. Just have a $300 to $400 car payment a month. Smh.
As a car owner, you only mentioned the car note and left out car insurance and maintenance on the vehicle. Maintenance can be extremely high as the car ages, and car insurance can also be really costly if you don't have a clean driving record, or you live in an area that tend to have a lot of storms. In addition, long term renters usually will come at a nice discount, so the rate can be significantly cheaper than the $35 day rate that you quoted. Of course this will depend on the company, make model, and city. Due to all of these factors, some people actually come out cheaper by having a long term rental vs owning a vehicle.
Hello, thank you, the video is great. I've been watching some videos where finance companies are confiscating financed vehicles because they are being rented on Turo and this is not described in the contract. That is true?
Im also in the dfw area, just moved here two weeks ago. Was looking into getting into the market with higher end cars but seems very saturated, wondering if you would mind grabbing a bite to eat and discussing a few things. Thanks in advance!!
Great video, thx for the tips. Just wondering if u put any mile limits on your turo cars or geographic limits (i.e. cant drive it out of state etc...)?
1 time someone booked my car when I was asleep. Pick up was at like 2am I was like obviously asleep. Got hit with no show and person was compensated my hours are from 8am to 12am and it’s worked fine
