Inside the 100% Passive Truck Sharing Fleet (Turo Alternative)

Let's dive into the 100% passive truck sharing fleet
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00:00 - Intro
What's up, you guys! In today's video, we will sit down for an interview with a fluid host! We will learn about the peer-to-peer car-sharing platform and what it takes to make passive income with Fluid. Let's go!
00:34 - Introducing Danny & Fluid
04:25 - Who Can Rent On Fluid?
05:44 - What Types of Cars Can You Rent/List On Fluid?
08:11 - What is the Process of Becoming a Host & Listing a Vehicle?
11:31 - How Does Financing Work?
16:32 - Where is Danny's Fleet Located?
19:59 - What is the Long-Term Commitment of Fluid?
22:47 - What Do The Operations Look Like as a Fluid Host?
26:33 - How Does Maintenance Work?
30:03 - How Do Damage Claims Work?
31:49 - What Happens When a Vehicle Gets Too Old?
34:45 - What Are Your Plans For Fluid?
40:32 - What are the Pros & Cons?
45:50 - How Much You Can Make? What is the Time Commitment?
49:50 - Closing
Thank you all for watching! Make sure to Like, Subscribe and hit the notification bell!
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Disclaimer:
I am not a CPA, attorney, lender, or financial advisor. The content in these videos should not be construed as tax, legal, or financial advice...etc, and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a KZbin video for entertainment purposes ONLY. IF stocks or companies are mentioned, Aubrey may have an ownership interest in them - Please do not make buying or selling decisions based on Aubrey’s videos. If you need advice, please contact a qualified professional.
#Turo #Fluid #Passive

[@jeffsitka]

The accredited investor requirement is likely to be a barrier to most people in this channel's audience. I think that would have been a useful discussion to have upfront in a 50 minute video.

[@Yourmothersboytoy69]

That’s when you hit the video with a thumbs down 👎

[@derekhearne6124]

For anyone searching high and low for info on FVIP...You need to be an accredited investor and start with a minimum of 10 vehicles just to qualify for the FVIP program. If you are not and accredited investor, you'll need to start with a minimum of 25 vehicles in order to have Fluid Truck manage your fleet. Good luck.

[@brandona997]

Wish I had seen this comment 2 days ago lol, but I can confirm this is accurate. I did not get to the part of the conversation about 25 trucks, but everything else was the same

[@sdsupple]

250/mo net is 3k per year. If you're putting down $7500 per truck, thats a 40% cash on cash return. Better than an average long term rental property of about 10-15%

[@benmarr352]

It's not quite so simple, the vehicles depreciate, the property (over the long term) follows or beats inflation. This you need to take out depreciation (it may be that the net amount received includes that but wasn't clear to me).

[@geraldfoley7732]

The thing that nobody mentions in this video is the fact that you need to be an accredited investor to get into the FVI program.

[@Reverend-Race-Horsey]

Yes. But you can still drive/deliver the trucks! 🛍️ 🚛

[@kevinkillian2165]

This discussion was epic!!. Valuable information and super presentation. My brain is now in overdrive to determine the process I now need to make. Thanks much and keep sharing.

[@missycoates7188]

Wow, I never knew about this option of using a vehicle for my small business. Thanks!!!

[@Setherino86]

I remember you mentioning Fluid truck in prior videos, and it was revealing to listen to this interview for more detailed discussion. Thank you, Aubrey. You are so helpful!

[@nneewwll]

Is this a dream it sounds too good to be true

[@PhanoftheShow]

that background is hilarious 😂😂😂😂

[@rassco23]

Hi Aubrey thank you for all you r videos .also I want to thank mr Danny for all the information .I think for me 250 to 350 dollars a month per vehicle is so low even if it is passive income .because if you have for example 5 van each one will cost you 2019 and up around 35000 dollars × 5 =175000 dollar. I think investing that much to get 1800 to 3000 dollars a month is so low .

[@cltaylor8490]

I totally agree with you! When he said that, I was thinking “he must mean per week”.

[@AubreyJanik]

Totally see your point, it's of course lower than more active income streams. But if you're someone who is looking for something 100% passive more as an investment than it's certainly an alternative. EDIT: Also want to note that Fluid is certainly not something that is for someone wanting to really take their income/wealth to the next level, Fluid will not ever take you from making $5k per month to $30k per month...Turo can. But, not everyone is looking for a grind that they have to spend an increasingly large amount of time working on. That's where Fluid can come in.

[@rassco23]

@@AubreyJanik totally agree thank you for all infos and interesting videos you are making.

[@jayweber91]

@@AubreyJanik i wonder if he is including deprecation in these figures?

[@SThornton007]

I host a cargo van on Turo and have thought about moving it to Fluid. Thanks for posting this gives me some insight.

[@md-80enjoyer95]

What year is your cargo van. I'm looking at a 2008 and am wondering if turo would accept it as a specialty vehicle.

[@SThornton007]

@@md-80enjoyer95 mine is 2017. Not sure if they have a age/mileage cutoff

[@jonyoung5824]

Thanks for the content! Keep it coming!

[@georgemoore6862]

Game Changer for investing 🎉

[@thepromonick2923]

Literally asked all the questions I would of had !!! Good job please do more !!

[@AubreyJanik]

Thank you!

[@john2663]

@@AubreyJanik Are Fluid trucks rented with unlimited mile?

[@jyintllc]

@@AubreyJanik can you reply to my comment?

[@bootburner4544]

@@jyintllc She's not your mother. Go to the website to get your answer .. sheeesh!

[@bootburner4544]

@@AubreyJanik Why do you keep.refering to the vehicles as cars. Danny told you no end of times that Fluid rents out commercial vehicles aka trucks. They are trucks, not cars!!! Is there somethimg wrong with you? Sheesh! 😆😃

[@enlightenedanthony6661]

This video made me finally subscribe thank you for this interview ❤️ 💯

[@lancesantiago5029]

Aubrey. He mentioned $250 a month net after all his expenses. Do you have any idea what his gross was per vehicle?

[@bromeo22]

$7000 divided by 11 on a bad month. That's an average so it's not a perfect number. Some vehicles bring in more than others

[@jobdonellc1675]

Lol This Ain’t for you He’s paying 11 cars off for the work he put in Last Week

[@Rogan.Richeart]

I went to the fluid's website and sent an inquiry, as I do not see the option to start the FPIV process. Great post.

[@bossupwithkae]

I don’t either. Really shouldn’t be this hard

[@Rogan.Richeart]

@@bossupwithkae I called and got the emails needed in order to inquire.

[@JayJay-rg3bs]

I've been renting trucks and trailers on coop by Ryder for the last couple of years.

[@nigeldeforrest-pearce8084]

Fascinating and Informative!!! Thank You!!!

[@epizan]

Just so everyone knows… $45,000 vehicle that has a 24 month life on the platform… $250-$350 per month profit. If vehicle prices fall at all you are going to need to cough up a bunch of cash fairly quickly. If the tax laws change and we get a minimum tax you will need to come up with a bunch of cash quickly. From what he described the only way this works is if you don’t have debt on any of it or you borrow for something like 50 new vehicles and pay the debt off as quickly as possible. I know he said he is doing it with less but if you look at what a commercial loan payment would be and the life of the vehicles…. His scenario only works as long as used prices on vehicles stay irrationally high. Am I missing something?

[@BabyYoda5555]

I was thinking the same thing too. There’s no such thing as a truly passive business that requires 1 hour a week to maintain. Little effort and little risk will always earn you (at best) little reward.

[@geraldfoley7732]

You’re missing a LOT. You Trang the vehicle out for 2-3 years, take in significantly more than the payment, keep the rest. Then you sell the vehicle for %60 of what you paid for it, pocket the leftovers. The van lays for itself and then some then you sell it. It’s all upside!

[@joenwc]

The vehicle should last longer than 24 months, the $250-$350 per month is net PROFIT not Gross.

[@spawnupe]

Thanks for video. I can definitely see the benefits of the FVIP program. After watching, I looked all over to see if Fluid is planning on reopening the program. I am very interested and plan on reaching out to them to find out more. Thanks

[@AubreyJanik]

I believe if you are interested try reaching out to fluid directly, if they aren't open now they can still put you on some sort of wait list or give you some more detailed info so you can do more research on your end. Thanks for watching!

[@Crushanator1]

Yeah, likewise, I didn't really even see any information about the program existing online

[@bossupwithkae]

@@AubreyJanik do you have contact information for fluid. I don’t see any online

[@tokzya.6454]

Please is there any info on getting into the program? So interested

[@wonderwoman66dp]

Here's a question that wasn't asked: as a "host", (I don't wat they're called for sure), how wld I go about using my own fluid vehicle?

[@edwardjones1134]

Wonder what the month terms and interest rates are for those loans? Have to be something like 3-5 years for him to only be netting 250-350 per vehicle. Payments must be high. I financed a brand new 21 promaster in my LLC at 10% interest for 72 months and my payment was $850. I also wonder what percentage does fluid take and is that adjustable?

[@imightfixit]

The requirements must have changed significantly. The website states that there's a 25 vehicle minimum

[@SebbyAbbate]

Love the interviews! Keep them coming.

[@scottemmer3301]

Good video.

[@dottyjyoung]

There is an enormous fluid truck fleet just outside of Baltimore. I was wondering abt this. Thanks for the info.

[@AubreyJanik]

Thanks for watching!

[@DeFiDawg]

Drove by last week now I know what company that was.

[@bangryman100]

I never noticed them in Baltimore.

[@dottyjyoung]

@@bangryman100 I've never seen them move from that spot! (Glen Burnie, behind the chuck e cheese.)

[@OvertimeSessionHD]

Interesting side hustle & great interview.

[@PeaceChanel]

Thank You for All that you are doing for our Planet Earth.... Peace.. Shalom.. Salam.. Namaste .. 🙏🏻 😊 🌈 ✌ 🌷 ☮ ❤🕊

[@DezLandPlayz]

Wow please correct me if I'm wrong and I really want to be wrong! My dude has over $300,000 of negative debt in 10 commercial vehicles for an Roi of between 1800 and $3,000 per month? Yikes 😬 My suggestion would be to cut that overhead and get rid of those vehicle payments.. find a cheaper alternative to buying those vehicles outright and save. Or jump ship and go to Turo, buy a fleet cash cars hire a runner and 10x his best months... Hope his outcome works out well, because my heart dropped once I heard that last part of the video! 😱

[@motorflexgroup2822]

Turos becoming oversaturated

[@DezLandPlayz]

@@motorflexgroup2822 I can't speak for your market area, but I make over 2k on just 2 cars alone! And I just start not to long ago lol 😆

[@JosephLayden]

The ROI isn't 1800 to 3000 per month, that's the profit per month after payments, insurance, tires, maintenance, etc. Per month his payments are likely 500-600x10(est. $5500), his insurance is probably $500 to $1000, and his maintenance probably averages $1000. A $5500 payment + $1000 maintenance + $1000 insurance + $2400 (av. of 1800-3000) profit= $9900, so if the vehicles were around 30k a piece the ROI is 37 months or so. I think he could cut the overhead in half and make more profit/ quicker ROI by buying 15-18k low mileage cargo vans instead of buying them new. They don't lose value as much as consumer vehicles, so you'll sell it when it's valued around 10k.

[@DezLandPlayz]

@@JosephLayden yea I was referring to his NET return on investment. Again, it's still way to much overhead! The fact that is 100% passive is a nice perk tho, but for those returns and thr Debt to income ratio on that, just doesn't make sense 🤔

[@JosephLayden]

@@DezLandPlayz You're right it doesnt seem to do but half as well as my two financed Turo cars, but it won't affect your personal DTI since it has to be under an LLC. I might do it since it really would build business credit and is pretty much hands-off.

[@GoWalk22]

I'm having a real hard time finding any info on the fvip.

[@geraldfoley7732]

You need to email thier customer service… I did and got a reply the next day.

[@SmallBeginningsBigGoals]

excellent video

[@junkmail1203]

Wait is the math right? He has to personal guarantee an depreciating asset of $30k, to earn him $300 a month? That’s 1% per month, 12% a year. Not bad for passive income. And maybe able to sell the asset to recover at the end. And it’s scalable. Well I dunno, probably not for real estate investors. $50k down payment, buy a house, rent it out, and sell it in 5 years, would most likely beat the FVIP investment.

[@edwardjones1134]

Yea but I don’t he has to pay anything up front. So the barrier of entry is a bit easier

[@russellmiles8679]

Great Video, would love to get started. What is the next step?

[@JamieReneeVonTeez]

Looks like they currently offer you to list your vehicle

[@Leonardj3rd]

Awesome information. I’m adding car mannagement to my aircraft management business. LLC has been around for a couple years so I think this would be a great opportunity.

[@AubreyJanik]

Very cool!

[@lloyd_3656]

How do you manage aircrafts?

[@bootburner4544]

@@lloyd_3656"... manage aircrafts"?? HaHaHa 😁

[@abinraju4710]

Great interview. Thank you very much

[@bryancook3564]

Great video thank you!

[@nedovekic9596]

Has 11 trucks/vans and net profits 3K on a great month? And he is super stoked about it 😂😂😂😂😂

[@mbvmanagement3716]

I am not a legal expert. But if you personally quarantined corporate assets, would it not pierce a corporate veil and get you on a hook for liabilities?

[@Adventurerigs]

Great video I’m tally going to invest

[@kingbb1]

And that is all OPM!!!!!

[@duvallholness7451]

Hey Aubrey can you please let me know if the fluid truck share is offered in Canada? Or if it will every be expanding to Canada? Thanks your videos are amazing!!!!

[@plumpandfabulous4255]

I'm confused. Questions you are asking you can get your self I five minutes. Look at the app and read what states it covers.

[@loveistheway8417]

@@plumpandfabulous4255 I have this same question and Ive been on the site for 30 minutes. I cant even make an account from Canada or most of the 50 states

[@akaITNick]

Great interview, thanks! 👍

[@AubreyJanik]

Thank you!❤️

[@DigitalDialogswithDrAnne]

I can't figure out how to list my vehicle. They say it is "easy" but I can see where to upload photos, etc. Customer chat is just a bot. I can't see where to talk to anyone

[@frankpappalardo630]

Great job

[@bossupwithkae]

I’m trying to get started but don’t see the side of app the rent trucks

[@haetienne]

Really wanted to do this but I have been trying to get a hold of them for months and they would never call back or answer any emails either, even reached out to a different dept and they sent an internal email to to the FVI program and they still never contacted me so I gave up

[@thestayathomedad4846]

If I have a 26 Foot box truck and 15 Passenger Ford Transit. Can I put both vehicles on Fluid? How would I determine if my truck note and insurance can be covered by using this platform?

[@luffakft]

A. SwRzenegger said : once I bought a boeing 747 and rented to Singapore airlines. That’s was a great return. But when finished the contract, I’m happily sold my airplane and forget this business forever. Why ? To many things can go wrong.

[@Wire-Free]

Just wow!

[@AubreyJanik]

❤

[@DailyInspirations101]

How much is the monthly payment for each vehicle? And how long is the payment term? And how much does each vehicle he bought cost on average? And finally, how much does he owe the bank for the 11 vehicles? This are very important questions.

[@bangryman100]

Right. Because $250-$350 per month is barely covering the loan payment. If it is $250 per week then that can be $1000 per month, more or less. I don't know if I my Company would rent that much per month when I can just buy my own vehicles.

[@jhhhbbhv3365]

Hi Aubrey, would you ever consider this model where investors buy cars or fund cars and share profit with you?

[@russellmiles8679]

Would you’ll have a person to contact at Fluid that handles the FVIP program?

[@jyintllc]

I called fluid truck and I emailed the fluid truck many times. I was unable to get anything other than a printout of what I could possibly make for which type of truck I have. One is set up to bring in 10 vehicles and then the other is to bring in a vehicle you own. That's what I got out of it. But the funny thing is not one person has ever responded to me. I called fluid and spoke to operators and they said someone would call me in a day or two and no one has ever contacted me I might have called at least 20 times. I got a feeling this is a scam or they can't handle what they have. Absolutely no customer service unless you are a customer renting a vehicle. I was very interested and now I just see it as a joke.

[@anandm9087]

Not a smart idea to have someone do maintenance work for you. There will always be high premium involved. All parties involved have to make money. I think it would be highly inefficient process in getting just an oil change. So many people have to talk to each other to get just an oil change. Fluid should follow Turo & get rid of providing services. Just be hands off platform. 200-300 a month? Not even worth creating account on it to try. Also the current model is not scalable for Fluid themselves. The number of agents required to deal with guests + hosts could be immense if this were to grow. Turo is trying to automate and cut interactions between agents & hosts. Like auto escalation of unpaid invoices

[@oleradiodudea.m.4735]

Was this a compensated interview?

[@AubreyJanik]

Nope, if it were it would have had the "paid sponsorship mark" Danny is a host who reached out to me on Instagram, I thought the Fluid business model was very interesting and wanted to feature him on the channel. 100% unpaid and I have no affiliation or partnership with Danny or Fluid in anyway

[@marcheleluckett89]

how do you use your LLC with Fluid & Toro?

[@ptlpszt1]

Great interview! But his income profit numbers just didnt make sense.

[@haetienne]

Ammmaaaaaaaaaazing video! This is a game changer

[@havo1180]

great info this don't sound very lucrative though

[@loveistheway8417]

Does this exist in Canada?

[@rizwantarar4208]

I don't even see a app called fluid on play store

[@timeismoney756]

Did you ever join fleet

[@texaslovelylady]

Just looked at the site, are there only cargo vans? I am looking for a small box truck 10' size for rental.

[@pauljensen4773]

Where are you?

[@galojaramillo6417]

Love it

[@blablasigh187]

This may seem like an absurd question, but are you required to have a valid driver's license in order to participate in Fluid's VIP program? I currently have an official State ID only.

[@AubreyJanik]

That's actually a really good question, I am not sure! I will look into it though and try to get back to you

[@blablasigh187]

​@@AubreyJanik Great, I'd appreciate it.

[@21boxhead]

@@AubreyJanik AND 11 MONTHS LATER STILL NO ANSWER LOL

[@keithrichards9454]

Yes you do.

[@TheKizoch]

What about EV vans and trucks? Does Fluid allow this for the FVIP program? Do the EVs make sense financially?

[@jrarael90]

Here in Staten Island, NY, we rent EVs ford transit, we are force to rent these EVs since we got a contract for IKEA delivery. Since IKEA its going full ELECTRIC in their delivery services in NY. An Ev cost around 900-1000 a week!! A regular gas van cost 399 a week. First it was only 2 Evs, now we have around 25 Evs ford transit cargo vans. 👍🏻

[@NewAgentHQ]

These numbers are rough. Better off looking into rental property in my opinion. Lots of risk and little reward in my opinion.

[@NicholasAndrewRice]

I don’t see his contact info.

[@shanit3583]

is this in Canada yet?

[@AubreyJanik]

I'm not sure to be honest

[@BoyFindsTako]

$250 per month net profit after insurance, maintenance fee’s & all payouts for your over head is a terrible return on your money. $250 x 12 months = $3000.00 $3000 x 10 years is $30,000.00 Whats your initial investment for a truck/van? $45,000? Plus you can sell the vehicle after 10 years but still…there are way way better investments with better ROI (return on investment) on your money.

[@jelkaim]

What other investments have a better ROI for a comparable risk?

[@AldrichCarrasco]

$200/mo ? That’s terrible

[@bigmoney1582]

He said $250 a month 😂 😂

[@matthewspurgin4220]

250-350 per month.... That is way too much risk and headache and tying up funds for a small return.

[@mushasho]

Did you just say $250/mo was solid?

[@MS-yx3dr]

Risk of breaking engine or tranmission, collision on $30000 equipment for $250 a month? Thanks, I will pass.

[@MUUQNN]

$250 a month profit x 10 cars : $2500 month… ouch !! 😢

[@yashwanthgurram7927]

First 🙌🏽

[@AubreyJanik]

Appreciate you!

[@MB-ho8ns]

Aubrey Gotdammit. I agree with the others here - you should have had the accredited investor disclaimer or warning up front. This was really dishonest, and Ive not only wasted an hour of my time, but went on an emotional roller coaster. THanks for nothing. Makes me question what I thought was the authenticity of all your other videos. Insulting.

[@cory_aqua]

Why doesn’t the company buy rent their own trucks - legal liabilities?

[@BusinessAndHustle]

Middlemen don’t buy liabilitys

[@viktorivakhno2244]

When they will do it, then p/e never will be 40-50... Let you be loan holder... Just lets share profit )))

[@dondolcevita]

This is a horrible company. I used them in Denver and had them break down on the road leaving us stranded twice. They even charged us to tow the vehicle.

[@Imsety999]

This sounds like a terrible ROI!!

[@uchmania2234]

Dude is in debt of over $500,000 and making $250-$350 per month on each vehicle.He should have gone to buy real estate with that money rather than putting that money in a depreciating asset.

[@jerrybloom9049]

The vans will be complete trash in three to five years. The amount of repair cost will start to soar after three years. I have 40 cargo vans that are on the road daily and the sweet spot is 36 months before you want to turn the vehicle over. This guy is giving “honeymoon” testimony. He’ll be crying if he stays in it long term.

[@gsgcarreviews]

What a looonng drawn-out-intro he made for himself

[@21boxhead]

FLUID TRUCK IS ONLY GOOD FOR LOCAL TRIPS THERE IS NO UNLIMITED MILES WITH FLUID TRUCK IT'S 0.39 A MILE SO 👎

[@themisguidedpodcast]

Love this! great information. Aubrey, I'd love to interview you on my podcast. Let's chat!

[@georgegordon6630]

Passive income is a a scam, shame on you

[@AubreyJanik]

Passive income isn't a scam, but A LOT of passive income is a scam.