A Bulletproof Strategy For Your TURO Car Rental Business

[@jaythomas3795]

Been following you for 3 months. Started my own LLC and so far have 2 vehicles on the platform. So far so good. Almost up to 20 trips total. Keep up the videos man!

[@Ralphmeansbiz]

Love to hear it Jay! I’m so glad that I could help you along your journey. Keep up the great work my guy 💯

[@Vcs_Montegga1]

Good stuff jay! What city are you working out of ?

[@jaythomas3795]

@nathanealmclean718 I'm in the NC triad area. Currently over 100 rentals. Trying to increase my fleet soon as well. Wbu?

[@mobokey]

Great video!

[@Ralphmeansbiz]

Thank you as always family! 💪🏽💯

[@thewealthyg]

Straight 💎💎💎s bro!! Some of these tools literally have saved me countless in hours & thousands of dollars while hosting on Turo. Great video!!

[@Ralphmeansbiz]

Thank you brother! Same here man. Idek where I’d be without them. Always appreciate you tuning in my guy 🫡💯

[@mygodisable2]

Excellent, Great job Ralph.

[@Ralphmeansbiz]

Thank you! Appreciate you watching & commenting 😁

[@BobbyJr]

Great tip on the tire tread reader. I have one, but haven't been using it... Was cool meeting you at the Summit...

[@Ralphmeansbiz]

Yessir, the tire depth reader is just another layer of protection for the assets! & yes, the pleasure was mines bro. I appreciate you showing love 🫡💯

[@jasoncastillo7685]

Great video bro

[@Ralphmeansbiz]

Appreciate you my guy! Thanks for watching 🫡

[@innovationpropertyatlanta]

My Dawg!! On the money… Great info.

[@Ralphmeansbiz]

Thank you my guy, always appreciated! 🫡💯

[@DeVonMArtis]

Do you recommend gps tracking for each car?

[@Ralphmeansbiz]

100%‼️Check out this video where I go into more detail on how to stay prepared in your rental business -> kzbin.info/www/bejne/mH63Y2qteq6EpJY

[@ke0kie]

How do you prevent the device from simply being unplugged from the ODB-II diagnostic port?

[@Ralphmeansbiz]

Firstly, I attach & hide the device where it can’t be easily accessed. Secondly, I use a second hardwired killswitch in the vehicles as well.

[@Jtravelvlogg]

Is 50$ a day reasonable for a kia rio 2019 on turo

[@Ralphmeansbiz]

Could be. But it depends on what similar cars in your market are renting for and what rate maximizes your car’s utilization.

[@mikew2656]

Where do you park your cars? I live in an apt with only 2 assigned parking spaces. What arrangements have you made. I was thinking of hotel lots close by. I could just move them around every couple days so they dont get suspicious. Ideas?

[@Ralphmeansbiz]

In most cases you could get away with street parking until you get to about double digits vehicles. The vehicles are rarely ever all parked at the same time.

[@Ralphmeansbiz]

@Pride-Before-The-Fall technically it’s your business, you can run it the way you see fit.

[@CTTV_Official]

great video

[@Ralphmeansbiz]

Appreciate you fam! Thanks for watching 💯

[@ChrisWarner-w2s]

I just started Turo last month, I have a model 3 and a mustang convertible. I just started using Turo go for the model 3. I just bought a gps tracker and lockbox for the mustang which has made the check in process a lot easier but I have one question. when it comes to Taking pictures of the vehicle which is critical is there a way to take pictures the day before or a a time convenient for me since I work a 9-5? I want my vehicles to be available as much as possible but I also want to make sure my car is covered. just seeing if you have a better way to go about it?

[@Ralphmeansbiz]

Congratulations on your progress so far! My suggestion is to try to take the pictures as early as possible (up to 24 hours before trip start) & add a buffer for how many hours before a trip begins it can be booked. I vary between 3-4 notice before trips can be started after booking which would give me enough time to get home just in case it gets booked while I’m at work. Hope this helps!

[@aqn619]

If it’s that important to properly document your vehicle before each trip then what is the point of contactless vehicle check in?

[@Ralphmeansbiz]

As I mentioned in the video, to not have to wait around to meet guests at random times of the day. You can take pictures of the car up to 24 hours before. So take the pictures day before whenever, leave the car parked up, & you don’t have to worry about wasting any of your time waiting for anyone.

[@aqn619]

@@Ralphmeansbiz go it, thank you.

[@Ralphmeansbiz]

@aqn619 no doubt bro! Thanks for watching 🫡💯

[@gifttations3802]

which four leaders you used for the loans 1 is BOK what's the next 3

[@Ralphmeansbiz]

I used BOA for all of my commercial car loans.

[@gifttations3802]

you said applied 4 times after midnight. 4 times to bank of America

[@Ralphmeansbiz]

Yes. I explain the entire process this video -> kzbin.info/www/bejne/h4TVXpqri7mGis0

[@Ralphmeansbiz]

Let me know below if you will use any of these tools in your TURO business to help you make more money in less time! Or if you have any other tools that will help us TURO hosts be more successful! 👇🏽

[@patentjt]

Thats why Teslas are great cars to Turo. You can remote lock/unlock it and track location too

[@Ralphmeansbiz]

That is a great feature, yes. But the purchase price to daily rate ratio is terrible.

[@thesauruswrex]

Thank you for this! I’ll never use Turo 😅

[@Ralphmeansbiz]

You’re welcome! Thanks for watching 🫡💯

[@JPInniss]

what do you think about leasing new cars for Turo?

[@Ralphmeansbiz]

I don’t do leasing. Too expensive when it comes to the mileage & lack of equity. That’s just me tho 🤷🏽‍♂️

[@JPInniss]

@@Ralphmeansbiz I just leased a 2024 Kia Forte. I figured I should not have any maintenance and I can turn in the car n lease another one in 3 years. The car I have is always gone but the maintenance cuts into my revenue

[@marioncountyservices6692]

🙌

[@Ralphmeansbiz]

1st comment! Appreciate you family! 🫡💯

[@77kachi]

🙏

[@Ralphmeansbiz]

💯💯

[@silasferreira9647]

Tell the truth that Turo is going NOT good now. Do not get in people invest somewhere else

[@Ralphmeansbiz]

To each his own Silas. Every investment has risk associated it with it & usually wayyy more than TURO for less ROI. But who am I? 🤷🏽‍♂️