What People Get WRONG About Turo

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00:00 - Intro
What's up, you guys! In today's video, I will explain what people get WRONG about Turo!
00:35 - Do You Need an LLC?
01:33 - How I Rent Older Cars
02:47 - Ad
Check out Fetch using the link below!
fetchtruck.com/rent-my-truck?...
03:38 - No Money to Be Made
04:45 - Taxes
05:38 - Best Car For Turo
07:56 - Fees, Deposits & Other B.S.
09:03 - Insurance
10:23 - How I Store My Cars
11:48 - Turo Isn't Worth It
12:53 - Accountants & Expenses
13:27 - Damage Claims & Insurance
17:01 - Closing
I hope you guys enjoyed this video; make sure to hit the like, subscribe, and the notification bell, and I will see you guys in the next video.
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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 The content in these videos should not be construed as tax, legal, or financial advice...etc, and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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 #CarSharing #SideHustle

[@LuisVenturess]

On my 2nd Turo car, going the economy route like you here in Tampa Florida , also just created my LLC aiming to have 10 by end of year

[@joelvigil6012]

💪 💪 💪

[@musicengineer08]

How’s it going

[@LuisVenturess]

@@musicengineer08 Currently at 10 cars purchased since this comment ! wow alot of ups and downs but i love it. Even added a porsche to my collection

[@musicengineer08]

@@LuisVenturess congratulations way to go I’m starting back up in Orlando trying to have 5 cars before years end

[@deeb100]

Thanks for sharing your video. Your video is so helpful. I’ve been a Turo host since the end of 2019 and it’s been a journey of learning so much things. Everything you stated was right on 😊

[@tejpalkang4920]

Your video was very helpful. I have 2013 car on Turo and was waiting for it to be delisted. I wasn't aware of the grandfather clause. Now I can rest easy. Thanks for the info!

[@gdaddy2198]

great info, as per usual, Aubrey! thanks for all your research and reporting

[@AntanettaMarshall]

Nicely done! You covered a lot of ground here. Turo is working out just fine for me as well🤷🏽‍♀️

[@republicandan]

there is a confusion between positive cash flow and profit. when she says that people that make 5 figures and have a small tax bill, it is almost certainly because they are cash flow positive BUT non cash expenses that lowers the true earnings

[@AntanettaMarshall]

@@republicandan you might have responded to the wrong comment. I didn't ask any questions.

[@joelvigil6012]

I love your videos very loud and clear in a good way. 👍

[@StoverEnt]

Awesome content! Thank you

[@TheChrisAye]

👏👏👏 Love the content. Keep it up!

[@suer3818]

Omg, I LOVE your sweatshirt!!

[@ralphbuysyourcar]

Insurance companies pay based on what on what it costs to replace your loss. A profit off a loss is definitely possible depending on when you bought your car. People that say those things have absolutely no idea what they're talking about. Insurance agent for 25 years with a degree in insurance and risk management. Again anybody that told you that is absolutely clueless and as usual jumping to conclusions without FACTS!

[@gamereactz]

My buddy had a brand new trx totaled while out on turo . .. he got 10k over what he paid lol rinse and repeat

[@rjsalamanca7534]

I have an add on to question of where do you store all your cars. What did you used to do when you were on vacation?

[@mjsteelersnation]

What is your opinion on financed cars as it relates to commercial insurance?

[@washingtonigboeli8727]

who do you use as your accounting and for your bookkeeping?

[@ivanfromtexas5858]

I don’t have a secondary car to list on Turo. On the contrary, my spouse and I have WFH jobs and rely on a single car for our day to day lives (daycare, groceries, soccer practice, karate practice, etc). So, should I finance a new economy car just to get into the Turo business? I was also thinking going big with financing a 2023 Tahoe or Yukon, bigger profit margins. Need help!

[@oleradiodudea.m.4735]

12:29 the word failure is misspelled.

[@seamusobrien2675]

Interesting. Uber has about half a year ago taken over our version of Turo (Carshare) which has a much more evolved model of peer sharing. Your insights are really interesting as I build my fleet (sic) from 1 now to 4. Love your work and thanks for the insights.

[@myronhelton4441]

In the 2008 stock crash, I bought a brand new Hyundai for $5,000. You are a very nice interesting lovely gal talking about cars. Today, 6/8/23, unemployment picked up from 221,000 to 251,000. Other reasons car prices are high is because work had picked up & used cars by now are totally worn out, so that makes dealers charge more to find a better used car. I think car companies are being ordered by the deep state to make too many new cars, so to keep the economy growing, then when the usual October crash hots they will sell the cars cheap. Cars are so worn out by people keeping their cars that it will be years before good used cars can be found. I dont think the crash will make cars as cheap as people thinks, but it is nutty to buy a car now, when the crash is a few months ahead. Car prices are rediculous as hell in price, no way in hell will O buy a car now, but some people have to. Watch wages fall like crazy. The new foodstamps cuts inless one goes to work cant afford a car, so they lose foodstamps. Walmart gets less business & lays off workers to lose their healthcare insurance. That will cause colleges & hospotals to close, losing their healthcare jobs & cars & homes

[@javlonbekbutabaev6702]

Who tried to pinch in the video?

[@WakingReality]

Reject Turo and embrace private dealings with A.I. assistance for greater earnings and reduced risks, allowing you to achieve a substantially higher income. 💰 😊