What insurance do you use? My insurance progressive dropped me after a renter was rear ended only a minor accident $3500 but they cited the car being rented out as a reason for dropping.!
@carrentalcoach7 минут бұрын
I recommend a few different ones but right now I have Tint. How many cars do you have?
@Trini873219 сағат бұрын
Your course is totally not worth your price at all
@carrentalcoach19 сағат бұрын
Hello, we do not sell a course.
@dgmcdnldКүн бұрын
Great video - yea what I learned is to now buy the cheapest cars at Auction have low pricing to match the competition. Than build up your fleet to have volume, when your cars do get totaled you do make a profit and you rinse and repeat. Also charge for all the incidents you will have, like cleaning fee, over mileage, smoking, damage etc...charge for airport delivery too. I found its a cool business but the margins are similar to other businesses 10-20% profit.
@bignegoce78836 күн бұрын
I Owen a car rental company in Morocco ,is that including companies from Morocco ?
@carrentalcoach5 күн бұрын
Yes, we help clients globally.
@bignegoce78835 күн бұрын
@ thants great
@chathamvalet54366 күн бұрын
What will happen to owner's of Turo cars that are smoked in CA? What insurance is best for this worst case scenario?
@carrentalcoach6 күн бұрын
You will receive a smoking fee. I would have to understand your particular situation to recommend the right insurance. Book a call with us at carrentalcoach.com
@chathamvalet54366 күн бұрын
@@carrentalcoach I meant vehicles destroyed by fire. We will see from hosts in fire affected areas.
@star-dn1hr7 күн бұрын
😂😭😭😭
@carrentalcoach7 күн бұрын
😂
@mpleleafs346 күн бұрын
😅@@carrentalcoach
@GudClips229 күн бұрын
so you have a 50 or so car fleet and only bring in maybe 100k profit or so for yourself with this massive fleet? and the cars generate well under $1000 a month in total revenue where you are?
@carrentalcoach9 күн бұрын
I was only discussing my Turo fleet in this video. Not my private rentals or hyre care. Each one of my cars earns more than 1000 a month.
@GudClips229 күн бұрын
@@carrentalcoach so in total with private rentals + turo you make well into the multiple 6 figures I would hope? as in profit for you not just revenue? I would assume revenue total for the business would be like 60k per month total no?
@mightyone19867 күн бұрын
@@GudClips22Do the Math broski, the guy says he has 50ish car. He paid himself 100k for the year because the extra revenue will be contributed to his business. Therefore 1k per car each month plus 50 cars times 12 is 600k a year. Dude is banking but handling finances and paying his Team to manage the fleet.
@mightyone19867 күн бұрын
Keep in mind he can take 300k if he likes
@carrentalcoach6 күн бұрын
@ Yes, multiple six figures profit.
@kaylinsabina15279 күн бұрын
I’m actually looking for someone to guide me through this process. Do you do any one on one stuff?
@carrentalcoach9 күн бұрын
That is exactly what we do. Book a call with us at www.carrentalcoach.com/
@kaylinsabina15279 күн бұрын
Just booked my call
@cowcat743610 күн бұрын
27:50 all your economy cars clear at least $1000 per month. How do you do that????
@carrentalcoach10 күн бұрын
Keep them on the road rented. We really focus on utilization and understanding how to get the most for every trip.
@bigstep927611 күн бұрын
Great video, so underrated! Should I keep personal comprehensive insurance or is having Turo insurance good enough?
@carrentalcoach10 күн бұрын
It all depends. Schedule a call with us at carrentalcoach.com and we can help you figure it out.
@HDBnB112 күн бұрын
what are your thoughts on getting a tesla model s used between $11k-13k that has unlimted lifetime supercharging on turo? If I were to undercut the market with it i think it could do well at $60/day and make back initial investment within a year and some change
@carrentalcoach12 күн бұрын
I would have to look at your market but that is a good price point to get it at.
@kronicali2413 күн бұрын
For 2024 we had 33% Margin near inline with that of 2023 from only 2 economy units, and 8x 2023 profits. Optimizing the bookings and keeping the monthly utilization high was key. Note. This is outside of USA, but same can apply. I would love to know more about how turo works there.
@carrentalcoach13 күн бұрын
If you ever want to learn more you can schedule a call with us at www.carrentalcoach.com
@garyj4914 күн бұрын
Will you be a power host on January 16th?
@carrentalcoach13 күн бұрын
Yes, I know a lot of people that will not be. I think Turo is going to change the requirements because counting non reviews as a negative really hurts larger hosts.
@michaelhankes570815 күн бұрын
all of those cheaper cars have less than 130 k ??
@carrentalcoach15 күн бұрын
Yes, they have to be under 130k to list
@michaelhankes570815 күн бұрын
it has less than 130 k ??
@carrentalcoach14 күн бұрын
Yes
@omarrahman281516 күн бұрын
Do you guys do market analysis in Canada?
@carrentalcoach16 күн бұрын
Yes
@Zothh16 күн бұрын
Kia’s are JUNK dude
@carrentalcoach16 күн бұрын
Depends on the year and model. Some of my Kia’s are my top performing vehicles.
@Turosimplified17 күн бұрын
Build a fleet a customer want!? I thought point of this video was how to make money !?
@carrentalcoach16 күн бұрын
Exactly, make sure you are getting cars that people will rent. It is crucial to success.
@wilmerarquillo68717 күн бұрын
Hi Coach, I had started one personal car to see the return of my investments (Lexus ct200h 2014) few years (according to BBK prices 17K).. I was end up making 25% profits 4,200+ without maintenence fee of the car.. Question for you, How much avg profit per year? My car was smoking few guest and dont have enough evidence to charge the guest... How do you collect evidence to claim on Turo or guest? Thank you
@carrentalcoach16 күн бұрын
I profit 50% on my revenue for my business after paying employees. I never lose fees because we take the proper photo evidence. Make sure to take more photos. Book a call with us at carrentalcoach.com if you would like us to help!
@John_Turo17 күн бұрын
I would not use my personal car for Turo. The very first renter I had got into an accident, it wasn't totaled but if it was my own car, I would have been one and done because I have an emotional attachment to my cars, but my Turo cars I can care less. I also do not have a car wash subscription anymore. I hose my car down at home and dry them off. I only clean the windows and vacuum the inside. One last hack is do not drive the Turo cars in between rentals; this saves gas. The 4 to 6 dollars to top off the gas tank to make it full for the next rental adds up through out the year. Best Wishes.
@disdatwithdjvitamo496618 күн бұрын
You have a great system it seems 🎉. Congratulations. I currently have 5 vehicles and looking to scale up to 15 this year hopefully. It's just me and my wife for now. I'm definitely looking for clever funding ways to purchase more vehicles without having to use normal dealership financing. Thanks for all your great videos as they are always very informative. 🥂💯
@carrentalcoach17 күн бұрын
That is exciting to hear! You can always reach me at carrentalcoach.com and schedule a call there if you need help.
@kaylinsabina152718 күн бұрын
Aye bro, 23 yr old looking to potentially invest up to 6 figures into a fleet. Would you recommend a more passive approach hiring people so I can continue my normal job? Also should I invest in a handful of higher dollar cars 20k+ or a mix of high and low value?
@carrentalcoach18 күн бұрын
I took the more passive approach after I got over 20 cars. I think it’s okay to try out a few high end but I keep the majority of my fleet economy.
@kaylinsabina152718 күн бұрын
@ is there anyway I can submit something on your website so there can be a phone call or something where I can give a more in depth explanation so you can help guide me along the best course of action? My current job is relatively high income and I don’t think it would be super easy to replace if I were to try to jump into turo without help/ a worker.
@denisedunn336019 күн бұрын
Are vehicles insured if used in a terrorist attack?
@carrentalcoach19 күн бұрын
Horrible what happened! That is a question I do not have the answer to but we will see what happens. I would assume they will be covered.
@mobokey19 күн бұрын
Well explained!
@carrentalcoach18 күн бұрын
Thank you!
@miradilseyidzada729220 күн бұрын
How do you find power host requirements because I thought they only do all star cause if can not find it on the app
@carrentalcoach20 күн бұрын
To reach powerhost you must be an all star host that does at least 36000 in revenue.
@anthonyjackson669621 күн бұрын
What if the renter doesn’t have personal insurance?
@carrentalcoach20 күн бұрын
Then you have to go through Turo
@joetheinvestor9321 күн бұрын
Can you lease and rent on turo?
@carrentalcoach20 күн бұрын
Depends on your lease agreement.
@arturojosemanriquezponce209024 күн бұрын
I've scheduled a call today Dec 28 @ 10am with one of your representatives. 8 minutes has passed and the individual has not started the meeting. Can you or your biz partner please provide assistance?. Thank you.
@carrentalcoach23 күн бұрын
Hello, we apologize for the delay in getting back to you. We had a call with a new client that went over the normal time. Peter will be reaching out to you personally to schedule a time to meet.
@Gonzalezdesde9624 күн бұрын
How do you price to start off the year? Seems slower than usual
@CauseIknowshit25 күн бұрын
Correct me if i heard you wrong.... did you just say you generated $1200 in revenue, and hyrcar took 85% of that?? Im not a mathematics professor, but did you just tell the internet that youbwere excited about making $180 bucks in a month??
@mobokey25 күн бұрын
informative video!
@carrentalcoach24 күн бұрын
Glad it was helpful!
@dgmcdnld25 күн бұрын
Yea I having a hard time scaling up, I'm on my 4th total loss this year and I just keep buying cars. The auction looks good for the end of the year to grab some cheap 2012.
@carrentalcoach24 күн бұрын
The total losses can make it hard to grow but can be very profitable!
@Stardustbasically23 күн бұрын
@@carrentalcoachyour vehicle can only be 12yrs old on Turo..
@pascopirate25 күн бұрын
Great information.
@carrentalcoach25 күн бұрын
Glad you enjoyed it!
@PlayBetterSlots25 күн бұрын
Will turo pay diminished value after a guest wrecks your car?
@carrentalcoach25 күн бұрын
Turo will not. You have to go after the guests insurance.
@Rytro48626 күн бұрын
What about the Turo Recommendations on Turos website? Are they good recommendation?
@JAMMASTERTVАй бұрын
Literally just bought a 2019 mirage as a personal second vehicle to uber and thought about turo and found this video YESS LETS GO
@carrentalcoachАй бұрын
Glad to hear it 🚘
@mariejane1567Ай бұрын
Why rent from Turo when there is Enterprise and Avis? What's the difference?
@carrentalcoach29 күн бұрын
Selection, price, convenience
@guyjones7084Ай бұрын
Can’t recommend these guys enough. We’ve scaled to 25 cars pretty quickly and greatly increased our per car profitability based on even just a few phone calls with them.
@newnanpcАй бұрын
We have two Ford Fusions and just picked up a Ford Explorer. The Fusions have done fantastic and have been ultra reliable! We are in a suburb about 60 miles from a major city and rent to mostly local people.
@carrentalcoachАй бұрын
We are happy to hear! Keep the good work.
@Matt-dt7cfАй бұрын
apparently the best car is the car you already have? or under 13k
@carrentalcoachАй бұрын
Since every market is different this is my best recommendation for beginners!
@TurosimplifiedАй бұрын
First they don’t read messages, second they will get mad anyway.
@ChayanitParameejaeАй бұрын
I would like start this business.
@carrentalcoachАй бұрын
Book a call with us at carrentalcoach.com
@kingbaez827Ай бұрын
I have an old car that i sometimes use but need to upgrade as family got bigger and considering i work from home and wont use the vehicle much, i started thinking about listing the vehicle which will be an SUV but i am wondering the following: Would it be a good idea to list on or not? What 3 row SUV would be recommended? I am just trying to do this to make the vehicle pay itself. What would be your recommendation? I would appreciate any feedback, i am in Allentown, Pennsylvania.
@carrentalcoachАй бұрын
What is the year, make, and model of the car you are thinking about listing?
@kingbaez827Ай бұрын
@@carrentalcoach i am looking into getting a 2022 and considering either Honda Pilot, Kia Telluride or Acura MDX any recommendations?
@TurosimplifiedАй бұрын
Welp congrats on your $150 for this condition …
@carrentalcoachАй бұрын
$150 cleaning, $150 smoking, loss of rental income fee $500, and damage still TBD. Very dirty one 😂
@juansierrajrАй бұрын
Mirage is a fucking terrible car
@mobokeyАй бұрын
Amazing content, wow!
@carrentalcoachАй бұрын
Glad you enjoyed! Thanks for your comment.
@GenieWizardryАй бұрын
Do you have car seats added? I'm going too take this advice in comparison too luxury EVs, and go too Eco EVs.
@carrentalcoachАй бұрын
I don’t add car seats or extras.
@TurosimplifiedАй бұрын
Author just stated facts! I only considered doing Turo after I set up, my own used car dealer business, mechanic shop and body shop businesses, only then Turo numbers started making sense for me. Otherwise people who “make” money on turo have no idea what they are doing
@davidd.8256Ай бұрын
I need help to insure one suv on the platform as I grow the business please 🙏