MY TURO EXIT STRATEGY/ WHEN AND WHY TO GET OUT

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Stefan Marquardt

Stefan Marquardt

Күн бұрын

Пікірлер: 174
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
Interested in asking some questions regarding starting or running a Turo business? Please use the link to book a 1-on-1 call with me. calendly.com/marquardtconsulting
@RealWestCoastDave
@RealWestCoastDave 4 жыл бұрын
Man you have a good setup with connecting your dealer license, warranty option, and mechanic shop! Nice vertical integration for sure.
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
Thank you!! A body shop would kill it also. Future goals 🎯
@keshakellogg5995
@keshakellogg5995 4 жыл бұрын
Just learned about Turo and found your channel last night-- thank you for your content!!!!
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
Thanks for watching!
@nancybjackson4508
@nancybjackson4508 4 жыл бұрын
I’m almost a year into TURO and I was wondering the same thing. I really appreciate your content as I’m slowly growing into this platform and business. Thank you for the info.
@jamesrobinson2017
@jamesrobinson2017 4 жыл бұрын
What cars do you have in your fleet? If you don't mind my asking. I am in Houston and close to picking out my first car to purchase solely for Turo.
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
Congrats!! Thanks for watching.
@ryancollins3025
@ryancollins3025 3 жыл бұрын
@@jamesrobinson2017 I am in the Houston market as well and I’m looking to make a leap soon. Would like to connect and learn about your experience if you don’t mind sharing
@kfolaniyan
@kfolaniyan 4 жыл бұрын
A lot a few things you say don’t apply to me simply due to my location. Your business model works for me on my Turo and I can’t lie i have picked up some good gems from you. Love from the UK
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
Thanks for watching!
@1aspirefit
@1aspirefit 4 жыл бұрын
You sound like a great host!
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
Thank you!!! This definitely separates me from the part time host.
@greenshustlejourney195
@greenshustlejourney195 4 жыл бұрын
You made some great points and tips with the exit strategy!
@MarksTournaments
@MarksTournaments 3 жыл бұрын
My favorite host on turo left when the recent changes came into effect. I’m really sad he had an M4 convertible now it’s gone
@iamworthy1302
@iamworthy1302 3 жыл бұрын
Renting out an m4 convertible was the problem lol
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
When he was forced to offer 200+ miles a day on an M4 it wasn't worth it. Maybe he's willing to sell.
@businessmanph
@businessmanph 3 жыл бұрын
I drove from ca to nc and my fob batter died. Lucky Walmart was around the corner. I always keep a spare battery in the cub
@BlackBirdieGolf
@BlackBirdieGolf 3 жыл бұрын
I'm going to put my Prius on the platform. there is only 3 others available in the area I'm going to list it. My Prius will be the newest, 2017. Great vid as always.
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
Nice!!! These are great Turo rentals
@BlackBirdieGolf
@BlackBirdieGolf 3 жыл бұрын
@@StefanMarquardt Yeah, I plan on getting a new car at the end of the year so it only makes sense. once my prius reaches 250k miles, i'll sell it.
@jeankennedy6370
@jeankennedy6370 3 жыл бұрын
You are dropping real game! Thank you
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
Thanks for all the comments 🙏🏼
@groovestreet77
@groovestreet77 3 жыл бұрын
I like break down and transparency
@bigmatt1987hawaii
@bigmatt1987hawaii 4 жыл бұрын
Nice i wish I had a dealers license and bought some of my cars cash. When my cars get around 130k miles I should be able to sell it to break even. I got 1 mustang with 93k now. I've had it on the platform for almost 3 years. Good video BTW. You can scale up real quick with the access you have. Good luck. Hawaii Turo
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
I think a good mixture of cash cars and fewer financed cars is a healthy mix. The only thing with buying cars from the dealership is theres no equity in the purchase. Iam thinking if I get in higher markets I will still get a loan then cash out on a higher end car that way Iam still getting it a few grand under priced.
@bigmatt1987hawaii
@bigmatt1987hawaii 4 жыл бұрын
@@StefanMarquardt thats true. If I knew what I know now I would've bought more cash cars and paid off some of my loans and not go and spend the money made.
@brandondelahoussaye299
@brandondelahoussaye299 4 жыл бұрын
I recently got out when they changed the whole insurance game around & it’s more difficult to make decent profit .
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
The change sucks but it creates more opportunities for those who are still profitable.
@yamomz668
@yamomz668 3 жыл бұрын
Yea inurance sucks but it wouldnt be so bad if it wasnt for people crashing all the time
@ksilent
@ksilent 2 жыл бұрын
You’re one of a kind homie
@danielperez-rm8ju
@danielperez-rm8ju Жыл бұрын
Hey, thanks for the wisdom, what company sells 3 month warranty for 300? I’m a dealer in florida and I’m interested to see if they really stand behind the warranty
@Norseyjr
@Norseyjr 3 жыл бұрын
A video on how you remove listings that have bookings would be good. I basically made it unavailable after the last scheduled upcoming booking through next year. Is there a better way? Great content.
@newsaw185
@newsaw185 3 жыл бұрын
Thanks for your tips on business strategy.
@ManinaGarage
@ManinaGarage 3 жыл бұрын
Very valuable Stefan. I have really enjoyed watching your videos. Thank you
@ChrisMonroeSTL
@ChrisMonroeSTL 4 жыл бұрын
Great video! I just got my first rental booked on Turo! 🚗
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
Congratz!! What kind of car?
@ChrisMonroeSTL
@ChrisMonroeSTL 4 жыл бұрын
@@StefanMarquardt 2017 Nissan Rogue. I am putting a BMW on in a few weeks too! See kzbin.info/www/bejne/m5LHY62Loct4nJo
@jamesrobinson2017
@jamesrobinson2017 4 жыл бұрын
Great content, thank you for the transparency.
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
Thank you
@ArrMary
@ArrMary 3 жыл бұрын
My Escalade got booked Friday night till this morning . And I notice there’s was a big dent : scratch on the driver back side by the bumper .
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
You noticed it right after the trip? You have 24 hours to file a damage claim.
@ArrMary
@ArrMary 3 жыл бұрын
Stefan Marquardt yes I notice it immediately this is a 2018 Cadillac Escalade just got it from the dealer .
@alexmancini6593
@alexmancini6593 3 жыл бұрын
Really enjoy your content btw. Very helpful
@dlhenterprises7215
@dlhenterprises7215 2 жыл бұрын
How do you find one of those companies to loan you money to buy the car
@dankim3827
@dankim3827 3 жыл бұрын
The Taurus how much do you rent it daily and how much insurance do you choose on it with turo
@williammadison502
@williammadison502 4 жыл бұрын
How do you personally deal with customers getting flat tires and needing a tow truck and turo making you pay for tires and for $200 tow fee. What are recommendations to deal with tire issues. How do you effectively deal with tire issues when the guest is driving and messing up the tires due to accidentally running over stuff.
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
I take pictures of the tires before the trip. I haven't had any tire reimbursement since the $250 deductible to the 70/30 plan but I heard they don't add the deductible for tires if the host is All Star. I also added roadside to all my vehicles for an extra $5/monthly per unit and they will go out for tire services and will tow within 100 miles for free. If the tire damage was done by the guest and you have before pictures the Turo actually charges the guest the tow fee.
@williammadison502
@williammadison502 4 жыл бұрын
@@StefanMarquardt so when you say you added tow service for an extra $5 per month per unit is that through turo or through personal insurance. Because I'm trying to figure out way to get the tires fixed when the guest messes them up so that I don't have to incur that $200 fee for a tow which is a bit high in my opinion. Maybe I should look into AAA don't know if they will help but I have regular geico insurance also but don't know if it's a good idea to use regular personal insurance since I won't be at the vehicle when ever the guest does get tire issues. So im trying to formulate a game plan to avoid $200 tow fee. I don't mind paying the used tire fee 40 or 50 bucks but can't keep paying the $200 turo fee. Because I'm realizing turo will side with the guest 80% of the time.
@kallmehh
@kallmehh 2 жыл бұрын
@@williammadison502 did you ever get an answer to this? I also wanna know what roadside assistance he uses
@williammadison502
@williammadison502 2 жыл бұрын
@@kallmehh i didn't sorry
@travelwithtonyg
@travelwithtonyg 4 жыл бұрын
Just starting out. Where should I park my vehicles as my fleet grows? Also, at what point did you decide to invest in a shop and what were the costs do do that?
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
I would cut a deal with someone who has a lot or some extra space. I was actually selling cars out of an office suite at first, then I invested in a shop location before I even got involved in Turo so it just worked out in my favor once I jumped in.
@hwyrell8253
@hwyrell8253 4 жыл бұрын
Great Video!! Keep them Coming
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
Thank you....will do!
@beeno62
@beeno62 3 жыл бұрын
What cars do you recommend to start out?
@DsmooveO1
@DsmooveO1 3 жыл бұрын
thanks for sharing man
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
Thanks for watching 🙏🏼
@KustomKrosses
@KustomKrosses 3 жыл бұрын
Do customers pay other cost besides your daily rate from Turo? If so how much?
@esco737
@esco737 3 жыл бұрын
I have a question i just signed a loan for a 2021 Elantra and I still got 3k owed on a Buick but I got approved anyways. My question is next time I go for another car can I negotiate and get them to add that 3k to my new car and close the Buick account on my credit? Or do you know if they buy you out without adding the 3k on top?
@SERGE_Tech
@SERGE_Tech 3 жыл бұрын
SUBSCRIBER: can we see your turo lineup via your profile? and whats your website for your rental?
@alexmancini6593
@alexmancini6593 3 жыл бұрын
I have a question for you .what you think of Turo’s custom pricing . I feel it’s too low sometimes . Specially for long term rentals
@martinreid4048
@martinreid4048 4 жыл бұрын
Hey, I found your channel recently. I’m a professional car buyer so the purchase of the vehicle is the easy part for me. How do I separate my personal car insurance from the business insurance? This will be my first source of income outside of my full time.
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
You still keep your garage liability policy for your dealership and you just add on personal or fleet insurance for the rental cars. Sometimes your garage liability policy provider can give you a quote to insure company cars. Good luck!
@maddie9077
@maddie9077 3 жыл бұрын
you have great videos,, very detailed
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
Thank you 🙏🏼
@fatmirkrasniqi9901
@fatmirkrasniqi9901 3 жыл бұрын
Do you have to use your insurance or is insurance provided by turo?
@jackodonnell9950
@jackodonnell9950 3 жыл бұрын
Good info! Thank you.
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
Thanks for watching 🙏🏼
@ryancollins3025
@ryancollins3025 3 жыл бұрын
Watup bro thanks for these informative vids - been watching like crazy. Going to test the waters first with Turo but heavily leaning towards getting my dealer’s license as you said. What kind of spreads are you having on the vehicles you ultimately flip and those you buy to rent on Turo? Any chance you have a video on this already?
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
Buy to sell vs buy, rent then sell? The number diffrence between the 2?
@businessmanph
@businessmanph 3 жыл бұрын
Do you modify the cars you rent out?
@businessmanph
@businessmanph 3 жыл бұрын
Do you keep the cars listed on turo until you sell it?
@terrybutler1761
@terrybutler1761 3 жыл бұрын
Put video on 2x playback your welcome
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
Thank you 🙏🏼
@josephmonibah5272
@josephmonibah5272 4 жыл бұрын
Hey how did you get your insurance all you cars?
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
Fleet Insurance. Check this video out, I do a through breakdown of different insurance options. kzbin.info/www/bejne/ZmTQi4V5nKmfaM0
@koenigjeffrey
@koenigjeffrey 4 жыл бұрын
What are your most profitable and popular cars aside from the Ford?
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
Infiniti G37 for me. Great cars for the price.
@mikeelize20
@mikeelize20 4 жыл бұрын
What should I set my DAILY MILES at? Also, what is a good price per day? I have pretty much a new SS with 10k miles.
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
If its no deluxe it won't let you go lower than 200 miles per day. What year?
@mikeelize20
@mikeelize20 4 жыл бұрын
@@StefanMarquardt ohhh ok. 2020 is the year
@Tina-mt9cl
@Tina-mt9cl 4 жыл бұрын
How do you rent exotic and luxury cars to people under 30? Is there a way to switch it to 21 or 25+ instead of 30+? Half my potential customers are cutoff by that rule. When customers under 30 contact me should I just do the rental privately & charge them a little extra plus what it costs to add them to my insurance for their rental period and a $1k deposit?
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
Turo probably has good data to support the 30+ age rule. I done rent luxury or exotic cars so that beyond my expertise but I would say get with a rental program that you can sell insurance to the customer. I use GMI and they have a program like I just mentioned. I dont think adding someone on the policy is a solution unless it's a longer term rental but Iam guessing people can't afford those cars longer than a few days tops.
@jwanders10
@jwanders10 3 жыл бұрын
Great content man! Thanks for making this video. For your profit calculations in this video , did you also factor in the costs of Turo’s host protection plan ? I don’t have a Turo account , but does the gross revenue that Turo shows online already have the costs of the host protection plan deducted, our does it show true , top line gross revenue?
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
The numbers on the dashboard are after Turo's cut.
@jwanders10
@jwanders10 3 жыл бұрын
@@StefanMarquardt Thanks !!! By the way do you have a good body and paint shop recommendation in the Atlanta / metro Atlanta area?
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
@@jwanders10 I have a body guy in the building I rent, but my main body guy works at a local shop but takes my cars to his house and is considered side work for him. Because I have cheaper cars, I don't necessarily need the best quality.
@jwanders10
@jwanders10 3 жыл бұрын
@@StefanMarquardt I see. Thanks for letting me know. I’m going to start learning how to do touch up paint and painting cars. Doing so will help me decrease costs of painting cars that have too many scrapes. Lol however I will leave the dent removal and major body work to the body guys.
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
@@jwanders10 that's what I do. My cousin will paint bumpers and fenders but anything else we call the bodyguy.
@ericzhevel4747
@ericzhevel4747 3 жыл бұрын
What are some the unpopular changes on the Turo platform?
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
200 mile daily for non deluxe cars and deductible for host on the protection plan except for the 60/40 plan which is no deductible.
@SerraGoesHard
@SerraGoesHard 3 жыл бұрын
@@StefanMarquardt Thank you for letting me know. Can we schedule a virtual coffee chat sometime?
@Bestway2learn
@Bestway2learn 3 жыл бұрын
Concerning grandfathered in, say It had 127k when 1st listed and got up to 132k when wrecked. Does that mean it won't be denied?
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
As long as it was listed before 130k and the title says that then you are good. I've been paid on a car with 170k miles when totalled.
@zoeyhunter5892
@zoeyhunter5892 4 жыл бұрын
Great content ... question can you put rebuilt title cars on turo
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
Thanks...and no salvage titles.
@realestatestudent213
@realestatestudent213 4 жыл бұрын
Great video!!
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
Thank you 🙏
@UncleButch3275
@UncleButch3275 4 жыл бұрын
Can you share your contract that you use to rent cars with outside of Turo. Also I think I have you beat , I have a 1990 Honda Odyssey that I rent out for $160 per week. The guy had it for a good while now. That's my bottom vehicle. That van is a horse lol
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
Damn a 1990?? lol killing them. I use the rental contract provided by my Insurance with GMI. For long term lease I use a rental contract I found on google and just specified date, time, price, mileage and which insurance will be covering the vehicle. If the customer is providing insurance then I also make sure I verify with insurance company that they will cover the vehicle.
@stackingmoney4623
@stackingmoney4623 4 жыл бұрын
I was wondering if I wanted to drive a S class and have other people pay for my payments would it work out on a finance or better off with a lease.. I'm in NYC.
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
The miles allowed on the lease might be a bit tight but in NY you would need to be a commercial host. Turo was banned from NY for violation state insurance laws or something like that but they just came back recently but like I said, only for commercial host. Jersey still in the game.
@stackingmoney4623
@stackingmoney4623 4 жыл бұрын
@@StefanMarquardt thanks bro.. does that mean I need to register a LLC and start my own rental company and get insurance to be a commercial host?
@stackingmoney4623
@stackingmoney4623 4 жыл бұрын
@@StefanMarquardt also bro I want to jump out the window and get something like a 2016 S600 ultra luxury v12 performance.. Alot of flossing going on in NY and alot of popping tailpipes.. I want to hire a beautiful girl to be my company rep and have her sign people up in a monthly mileage sharing program. Get like 26 (numbers can be tweaked) people to sign up monthly to have the opportunity to drive a car that would normally be out of reach.. for a monthly membership fee of $250. Numbers can be tweaked. Enough people to cover the insurance and noted which I estimate the note to be about $1700.. once a member of this group you can choose 1 day in the month to reserve your car. $250 monthly dues.. new people can always join and will constantly be scouted for. If 2 people want the same day then they bid on that day. Winner bidder gets the day.. $250 from 26 people a month is $6500.. I'd lease another luxury in the company name and have my female employee drive around to business and car parts shops ect and try to sign up men and women.. they go to the web site or app and join make thier payment and choose available day. Of course drivers license checks will be done ect.. 200 miles each person will get a day.. 5200 miles a month estimate is what the car would do.. 8400 in two month with 10400 miles driven. Minus note and insurance note about 3200 for 2 months and insurance for 2 months let's say $1200 I'm in NYC. Just a estimate.. leaves $4000 profit and considering mileage driven time for some maintenance maybe repairs.. 50,400 miles for the year.. at that rate I'm guessing there would be profit after maintenance and repairs. The car would definitely cover itself but the numbers can he tweaked for definite profit using similar model.. if the car was cheaper for instance there would be more profit.. I know slot of people in NY would sign up for the opportunity.. I think that $250 a day for the month should be higher..
@stackingmoney4623
@stackingmoney4623 4 жыл бұрын
@@StefanMarquardt I also read somewhere that a car depreciates $0.08 per mile I would also factor that $0.08 into into my pricing and how much miles do they use. I'm sure there is a market on turo for people that would like to use a car for a day and only need 13 miles or 20 miles or so.. local trips and errands. How about a turo business model where you only charge them according to miles driven. No daily rate. A miles driven rate at the end of the trip. Charge like 0.68 per mile driven.. so a 20 miles commute to work and back or running a errand of the same miles would cost them $13.60. times 30 people using the same daily mileage for the month is $408. This would have to be a economical car to maintain.. but the daily miles would be higher usage on other days.. this would probably be better off turo because of there split. But maybe you could tweak the listing and put a price and tell the customer you personally give cash back incentives charging 0.68 per mile after they return.. you calculate mileage.. and give them back the difference.of what you had in the listing if that makes sense.. you should look into 2012 Lexus ls460.. those cars are bulletproof. 300k miles on them easy.. affordable luxury to maintain and they drive amazing.. car is a depriaciatiing asset but it can make money appreciate if you just look at it as a tool to bring in money.. if a person wanted to drive my vehicle say 700 miles I would factor that $0.08 into each mile driven.. so they eat the cars depreciation.. if you get 60k in trips from a car that's a extra 4800 by adding $0.08.. I feel like the tell us a car is a depriaciatiing asset because they want to keep our mind frame on worshipping a car scared to let people drive it because it's so precious to them.. in reality it'll eventually be not as desirable is it once was once rust and time takes course.. that's why NY was hating because they don't wanna see people making money without them getting $$ you gotta go start a rental company to make money.. not many new Yorkers will go this route.. only people making money in my will be rental businesses with a lot.. the average dude not gonna form a LLC and take advantage. I know new Yorkers mindset.. the person that takes initiative will profit big.. especially the luxury car route. I rented a s550 2 years old in bklyn a years ago and it was 2 years old a 2012 in 2014.. it was $500 for the day unlimited miles.. that car was out alot.. so I know $500 a day rental in NY with luxury BMW and benz is doable.. if you ever need a person in NY to manage a car here for you and you want to earn $$$ here I can take care of your vehicle for booking.. this is not a pitch for a job.. I'm just a thinker.. I'm just seeing how it could all work.. if you want to venture in the NY market think luxury.. it's money here.. you'd be booked out every weekend guaranteed a lot of dudes getting money here. And they like to floss and exclusive whips everyday.there's a old red Ferrari that somebody's been renting around here in Brooklyn for years I see different guys driving it all the time I see you then rap videos with pop smoke. I see you around Brooklyn all the time different drivers whipping it.. great market but only commercial can take advantage like you said.
@paulaevans6291
@paulaevans6291 4 жыл бұрын
@@stackingmoney4623 Hey, you have some GREAT ideas!!!
@christian-gu5oq
@christian-gu5oq 3 жыл бұрын
What type of insurance do you need to rent cars on Turo
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
Basic coverage need to register the car would suffice because when renting on Turo you would also select one of Turos protection plan. Feel free to check this video out for a more through breakdown. kzbin.info/www/bejne/ZmTQi4V5nKmfaM0
@kingrizotheman5875
@kingrizotheman5875 3 жыл бұрын
Thanks for your video homie, they are very helpful. What’s the name or website of the company that you use to get funding for your auction car purchases?you mentioned it in the video briefly, Also, you can also see if you can get a referral link for any of this stuff you mention in your videos. Thanks bro!
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
It's nextgear capital, they give dealer floor plans which is a set amount you can use to purchase vehicles.
@anthonywaldron8791
@anthonywaldron8791 3 жыл бұрын
If a person wanted to start a business with turo with 35,000 thousand dollars how many cars should they start with?
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
3 or 4.
@dp9897
@dp9897 4 жыл бұрын
What extended warranty companies do you use when you sell your cars . I have a Dealer license so which do u recommend thanks
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
I use ASC. It's the only one I've signed up with but I think they are all competitive price wise.
@jesuslomeli6700
@jesuslomeli6700 4 жыл бұрын
you mentioned in this viedo one of the cars you purchased was banged up and crashed, doesn't that make it a salvaged title vehicle??Also, you said you place a vehicle in the fleet with 110k miles on it. but you cant have a car over 130k miles on it. Does that mean you cant place a 130k mile vehicle in TURO but you can put a 110k mile car and run it up to 160k to 170k on TURO?
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
Yes I occasionally buy vehicles that need minor body work but still have a clean title. It's only deemed salvage by the insurance company if the repairs exceed the market price of the vehicle. As far as the mileage, as long as you list the vehicle before it hits 130k miles then that vehicle is grandfathered in.
@thejamaicankyute
@thejamaicankyute 4 жыл бұрын
Does Turo allow you to rent rebuilt title cars? because you did mention that you get your cars from the auction and some of them were crashed.
@entrepreneur1013
@entrepreneur1013 4 жыл бұрын
turo does not allow that
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
Crashed but clean title. I usually go for light work like bumpers and fenders.
@mr.cadillackingthings93
@mr.cadillackingthings93 4 жыл бұрын
How many vehicles do I have to have to be considered for fleet insurance
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
3-5
@action76news
@action76news 4 жыл бұрын
What do you think about a 2011 Tahoe as a first turo rental?
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
Depends if your market gets tourist. My van rents weekends and holidays but not as often as my fuel efficient cars. I also use my van for travel so I dont have to make money but the extra cash helps.
@djmadmike23
@djmadmike23 3 жыл бұрын
Ill be in Atlanta checking on my rental later this year. How much you charge for dealer action?
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
Auction still not letting visitors in due to covid
@djmadmike23
@djmadmike23 3 жыл бұрын
@@StefanMarquardt no online bidding? Like Mannheim
@thefamilyden2983
@thefamilyden2983 3 жыл бұрын
What program are you using to keep track of the numbers? Thanks.
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
Excel right now
@normanlove222
@normanlove222 3 жыл бұрын
@@StefanMarquardt Hey, I code online apps. I could code something custom for you, just let me know how you want it to work if you could have an app that does what you need , and I can built it, with reports and everything. Searchable by vehicle, years etc. Reach out if you feel something like this would be helpful. You would be able to access from internet from anywhere. You can pay for it over time also. Peace.
@businessmanph
@businessmanph 3 жыл бұрын
You think there would be profit buying a track car to rent out. Def need prep work.
@olegrachelkuts
@olegrachelkuts Жыл бұрын
Keep it up
@adamspencer6666
@adamspencer6666 3 жыл бұрын
Are you buying cars with a clean title or a rebuilt title?
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
Has to be clean for Turo
@adamspencer6666
@adamspencer6666 3 жыл бұрын
@@StefanMarquardt ok I just read the info on their site. Makes sense so in the video you talked about getting payouts but if the car is damaged and then fixed how can you still rent it out through Turo?
@andyarteaga2649
@andyarteaga2649 3 жыл бұрын
I'm curious to know how many hours do you invest into this one on a weekly basis?
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
5-10 hours or less. Mostly just cleaning between trips but sometimes I run and get parts but not time consuming if everything going right.
@journeyjosiah
@journeyjosiah 3 жыл бұрын
Does this work for NY?
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
Only if you have your own insurance like a commercial policy. Jersey is still good tho.
@moneymaverickstv
@moneymaverickstv 3 жыл бұрын
How do we get in contact with you? I want to start my Turo business. Great job bro
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
Dm me on Instagram
@blurredlinez5136
@blurredlinez5136 3 жыл бұрын
Is this Turo method considered “Passive” income? I mean...is this your side gig? Or is this full time?
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
It's 1 of 3 things that I do now that I do KZbin but looking to expand my rental business. It's not full time at the moment.
@kesahnartis8111
@kesahnartis8111 4 жыл бұрын
How many cars do you recommend I should start with do you think If I can buy one I should ?
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
1 or 2 to test the waters in your area. Good luck!
@arkadich2able
@arkadich2able 3 жыл бұрын
Wow, Turo allowed cars with Up to 130k, how come you get car listed over that restriction
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
As long as you list it before 130k you can keep it on.
@EliasSreyes
@EliasSreyes 3 жыл бұрын
He said it gets “grandfathered in”. Meaning as long as it had 130k BEFORE you enrolled the car, it will continued to be accepted after the 130K.
@ShhCaka
@ShhCaka 4 жыл бұрын
Do you run them thru a LLC?
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
Yes I do.
@greenshustlejourney195
@greenshustlejourney195 4 жыл бұрын
7k not bad at all
@onenonly0011
@onenonly0011 3 жыл бұрын
Can we list salvage title vehicles on the platform?
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
No
@greenshustlejourney195
@greenshustlejourney195 4 жыл бұрын
You in Atlanta?
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
Yes
@greenshustlejourney195
@greenshustlejourney195 4 жыл бұрын
@@StefanMarquardt my brothers stays in brookhaven area, we have to get up next time I'm in town
@BrittaneyBoss
@BrittaneyBoss 3 жыл бұрын
I'm afraid of used cars right now. I agree that it isn't wise to keep the car past geriatric age.
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
Yea I try to get cars that aren't too old but that I can still recoup the purchase amount back in less than 2 years.
@Apptrepreneur-tm9sw
@Apptrepreneur-tm9sw 3 жыл бұрын
When Im done with a vehicle I either sell it myself or I will donate it for a tax write off
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
What determines the amount you can write off for donations?
@davidbenji1
@davidbenji1 3 жыл бұрын
I don't think the content of your video had anything to do with the title. The title mentions an exit strategy from TURO. What you were talking about was a strategy for rotating vehicles out of your fleet. That's not really what an exit strategy is and it sure has nothing to do with exiting TURO. I generally like your content but when your video title and the video content are incongruous, I think it diminishes your credibility. Why am I going to listen to your videos when you never provide the content of your title?
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
Exit turo completely: sell your cars or sell your business with the cars. Video over 👏 But why would I do that? Iam doing 80%-100% Roi on each car.
@leegreen7631
@leegreen7631 3 жыл бұрын
@david a out of all the gems dropped you talking about a title lol.
@brandondelahoussaye299
@brandondelahoussaye299 4 жыл бұрын
I don’t have the balls to own a ford let alone rent one out 😂
@StefanMarquardt
@StefanMarquardt 4 жыл бұрын
I wont mess with the 4 cylinders or certain models anymore but the v6 is a solid rental. I rent chevys also but only certain ones.
@paulaevans6291
@paulaevans6291 4 жыл бұрын
Hey, just ran across your channel. Why you don't use certain cars?
@3rdJose
@3rdJose 3 жыл бұрын
Floor plan company???? Stop right there sir!!
@StefanMarquardt
@StefanMarquardt 3 жыл бұрын
Turo told me they are working with a company to finance rental units for host so ill share once I look into it. Flooring is great but I still need to come up with the cash when my temp tags expires 45 days after registration but is great in between when I find a great deal.
@SERGE_Tech
@SERGE_Tech 3 жыл бұрын
what insurance companies do you use?
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