135 Turo Fleet Making $1.5+ million | Turo Talk

[@Ophelialoki]

I’ve talked to Alvin about cohosting. He’s super transparent and upfront about your potential earnings w/ actual data. Watching this gave me the push to work with him hopefully I can get my car up there to him soon!!!

[@kingofrentals]

Awesome!!

[@SSGsharue]

update?

[@suer3818]

Love, love, love these videos your making!!!!!!!

[@jakobbrown492]

Awesome interview! Very insightful. I’m in Jax looking to get started on Turo.

[@TonyLuxuryCars]

Wow great video and interview! I learned alot from this! I actually will reach out to him and see about bringing some of my cars down there during the slow winter months! I also would like to do a interview with you! I'm the biggest host in my city, 17 car fleet, make over $300,000 per year!

[@kingofrentals]

Would love to chat more. Send us an email at [e-mail]!

[@nick-03]

Hey Tony, is this profit or revenue just curious?

[@anonymoustrucker1782]

​@@nick-03if its 300000 revenue what do you estimate his profit would be?

[@MooveTrax]

Interesting concept that a one day rental can easily become a month long rental.

[@kingofrentals]

Definitely cool to hear!

[@eurinsonfeliz8994]

Awesome video!! Great info!!

[@Donslimpapi]

Good interview, Can you provide a link to the tracker he was talking about? The experion gold star.

[@prestigemotorgroupllc8847]

I think It best to get the commercial space, Becuz even if he has all does car they are not there all the time, as a dealer you sell a car and get one in that space again, if you are renting out all the times cars are there just like a day or so, than if he gets a commercial space he can get mechanic tires and bodyshop and detail that way all work is done in house and then charge the co host the oil change the wash the repairs from insurance claims.

[@djmitchell3464]

This is amazing and congratulations to Alvin's success. I'm not sure how he's working his helpers but it's illegal to have employees working as contractors! I hate to see the IRS penalize him but that's a big no no. If your giving orders and dictating work operations for worker to follow they are W2 employees by law. I know it saves him payroll taxes but not for long. I hope he understands he could be shut down. It only takes one worker to make a complaint but outside of that IRS will catch on for sure. Protect your company and your workers. Alvin you said I just 1099 them to casually not knowing the risk brother. Make your money but eliminate that risk fast.

[@alvinc417]

I pay payroll taxes fyi. My cpa is well aware of my operations and she knows how to structure my business properly.

[@missmaryjanegreen]

I’ve been a 1099 for over 20 years - you are way off base 🤓 But hey, if you like writing I-know-everything comments on social media to feel better about yourself…

[@ogray2635]

Amazing video!

[@kingofrentals]

🙏🏽🙏🏽🙏🏽

[@alexrocks4life]

Do you charge them an upfront fee outside of the profit split to co-host their cars? This is like 'Turo Automation' in the marketing world.

[@algiebrodnax8829]

Awesome interview!

[@gabriellondondo8155]

How does the co host work? My car but who’s liability in case of an accident or something??

[@demetriusgunn5233]

Where do you park all these vehicles? I'm having trouble with parking.

[@kingofrentals]

Commercial lot!

[@demetriusgunn5233]

Okay. I was 50/50 on that idea. Thanks for confirming.

[@hectordaniellugovillarrubi4153]

Hi there! I want to know what is the tracking brand he's using, please.

[@kingofrentals]

Bouncie

[@hectordaniellugovillarrubi4153]

@@kingofrentals he said don't go with plug-in ones. I know he mentioned ABR WEB, expirian and gold start the hard ones. I want those, please

[@suer3818]

Hi! What happens if a Turo newbie with only car has to cancel a ride due to a repair that came up unexpectedly? That’s one of my biggest concerns. Should I try to find a car to replace the car they were expecting to rent?

[@kingofrentals]

Call Turo and cancel for repair. They will assist with finding guest a new car.

[@Beastieboy2263]

If he stopped co hosting and cut the middleman out, went and bought his own cars with the 900k he made last year, he would be able to make over 2 mill EASILY. Maybe not by the end of this year b/c of having to give back the cars then go purchase a bunch himself will take a while. But those few months that he takes to go buy cars with cash will save him hundreds of thousands. And he will have assets to sell off in the end as well. And really wouldn’t be in a rush to sell them unless something major came up or a new investment idea came up, so he could sit on them for a while and not lowball himself.

[@Beastieboy2263]

^ all he is doing is paying off other peoples cars and giving them extra profit. I get it, we all need to start somewhere, but when you have a million to your name, you don’t want to BORROW and basically pay interest and have 0 assets. He is very smart and has done things most people can’t, if he just fixes that one issue, he will probably make 4 mill 2024-2025 if he keeps scaling but he might have to venture out to different cities.

[@Beastieboy2263]

And yes it is scary having so many assets (which they are somewhat liabilities as well) and money invested into something. I get it. But soon enough will be the time to start giving those co hosts’ cars back and buying in at the dip of the used car market👍 the market has already started another downward trend, I would start now by giving a couple back then going and buying a couple for a really good deal, and even if the market drops, hopefully the deal you get will compensate for any depreciation.

[@Beastieboy2263]

Not to mention, someone like this guy could walk into an auction and get any car for a super good deal. Dealer deals. Something worth 12k on market will be 9 at auction. Buy those cars at wholesale you’ll walk away paying 8-8.5k each instead of the 12k market price…

[@kakrot9516]

He said he only paying himself 15% to 25% out of that 900k

[@somedudeinatunnel3102]

​@kakrot951 That's still $180k a year, and he doesn't seem to do a ton of work for that money either. But he'd be much better off if he invested into his own fleet and kept an employee or two. It could be nearly 100% passive for him and he'd still bring in close to the same amount.