HOW TO MAKE A FORTUNE ON TURO & CAR RENTALS WITH MATTY J

  Рет қаралды 245,434

Earn Your Leisure

Earn Your Leisure

Күн бұрын

On episode 146, we sat down with the Turo King CEO Matty J for a full master class on how to get started and make money from Turo and other car rental platforms. In addition, he also broke down useful tips on best car buying practices, marketing tips, how to build a car rental business, and business strategies that anyone can use to improve their corporate structure. #turo #carrentalbusiness #mattyj
SAVE $5OO OFF CARE RENTAL COURSE:
www.eylrentalgame.com/crg-eyl...
EYL University: www.eyluniversity.com
Link to Investfest: investfest.com/
Host IG: earnyourleisure...
Guest IG: ceomattyj?...

Пікірлер: 420
@tks9367
@tks9367 2 жыл бұрын
I remember the last car I bought LOL - the dealership saw a young woman but he ain't know I did plenty research beforehand. He offered me car loan thru their "preferred lender" with a 10% interest rate. Long story short, I left with a car through my credit union: approx. 6 % interest rate, - $4999 off the sticker price, AND had the DEALERSHIP pay for my tax, tag, and title LOL. The same way car salesmen pick out their customers is the same way I'll wait to pick out my dealer lolol - I got the youngest person in there (presumably less experience + ways to negotiate). I also went at the end of the day when I knew they'd be ready to go home and would possibly be more interested in tallying gross vehicles sold than getting down to nitty gritty profit details. Plus it was Q4 so they wanted to get more cars off the lot. And I printed out comps (comparable car models) so I had more room to negotiate just like they do in the housing market! If 1 dealer says no, don't let them waste your time - SOMEBODY gone say yes! Now it was only a Chevy Cruze, but my point still stands 😂
@MrDigztheswagking
@MrDigztheswagking 2 жыл бұрын
Smart move
@triumphant_pearls
@triumphant_pearls 2 жыл бұрын
Nice and Clever!
@bransom8149
@bransom8149 2 жыл бұрын
At that time what was your credit score ?
@thesavvyconsumergroup
@thesavvyconsumergroup 2 жыл бұрын
#SavvyConsumer is DEFINITELY IN THA HOUSE!!
@CSims316
@CSims316 2 жыл бұрын
how did you get the dealer to pay for tax, title, and tag?
@gasquirewell
@gasquirewell Жыл бұрын
Watched this video 10 months ago, a day later I put my Volkswagen Passat on Turo. Now I have 4 cars ..with a 5th cash car on the way next . Leveraged both credit and cash to get multiple cars. This changed my life
@BoxingWizard
@BoxingWizard Жыл бұрын
Did you set up a LLC for turo , or did you do it under your personal . I’m talking the way you receive your turo income ., does it go to your personal bank account or Business account?
@gasquirewell
@gasquirewell Жыл бұрын
@@BoxingWizard I have a completely separate account with Navy federal. Currently setting up an LLC but is not needed in order to get started
@BoxingWizard
@BoxingWizard Жыл бұрын
@@gasquirewell yea but won’t it be taxed differently at the end of the year . If you have a business I’m assuming you can write of cost of ownership / gas / washes / . I don’t know maybe I’m just complicated it , and I need to just list my Jeep and get my feet wet .
@MuchaelJordan-yy1bn
@MuchaelJordan-yy1bn 3 ай бұрын
100
@jasonstarnes351
@jasonstarnes351 3 ай бұрын
This is awesome, I’m seeing this a year later, how’s it going for you?
@candyscott5572
@candyscott5572 2 жыл бұрын
VERY well done ! I say this with 40+ years in mortgage finance & banking working with credit bureaus. Different models and parameters are used by different industries but *850 CREDIT RESTORATION* info is pretty much universal. If you're trying to max your credit scores, there is a happy medium between too many credit cards and none. Too many cards with zero balnce may actually hurt you in some cases. Even if you do not use them, you have a potential. To always pay cash & still have cards doesn't help your scores as well
@hadejjas
@hadejjas 2 жыл бұрын
At 34 years old I finally feel ready to settle down long enough to buy a house. Unfortunately due to previous horrible stupid life decisions, I'm forced to start with a zero balance in my savings account. On the bright side, the huge amount of debt - consequence of those bad decisions will be payed off next month! 🥳 It's never too late to start saving like there's no tomorrow, and I'm really REALLY excited and motivated. Oh and Graham, fyi my emergency fund is also a done deal! by *850 Credit Restoration* team lol, i didn't made it myself
@aikeembradshaw5124
@aikeembradshaw5124 2 жыл бұрын
@Teena Brown mmm pop
@connor8sullivan588
@connor8sullivan588 2 жыл бұрын
He loc CV cdcnnl. I’m bout c
@trutrucker743
@trutrucker743 2 жыл бұрын
I drove my first car in my dad's name and later went to get a truck in mine after I paid off my first one and drove off the lot with the truck I wanted, its mostly about a good credit score and a loan portfolio helps as well...lenders like to see various forms of loans in your name to be less of a risk and yes you might have to put money down but not HALF of the car loan Your exactly right I screwed my credit as a young man now I own a detailing company and can't get anything with out the full amount of cash. I'm working on my credit to get better with *850 CREDIT RESTORATION* , Love the knowledge keep it up
@Thrivegrl24
@Thrivegrl24 Жыл бұрын
This blessed me immensely . I was supposed to be picking somebodys brain whos in the Turo game told me they couldn’t give me the playbook . Me being me I said I can figure this out and I’ve learned so much in this hour . Thank you
@Beastieboy2263
@Beastieboy2263 11 ай бұрын
It sucks but unless you’re really cool with someone, nobody is just going to hand you the blueprint to making money. Maybe SOME people MIGHT, however, most people wouldn’t even think of it. Only time I’ve ever gotten real game from people was my FRIENDS who got into something and put me on with every single bit of their knowledge. Don’t worry though, fix your circle, go out and meet people with money, businesses, etc… You can learn a lot from people who have the financial side of life figured out. Y
@drewfoster1493
@drewfoster1493 2 жыл бұрын
Just started turo as my second business. In 4 days i made enough booking for 3 months of payments. I bought a ford escape and looking into a porsche carrera turbo in Denver CO.
@arthurlang7453
@arthurlang7453 2 жыл бұрын
Stop the Cap
@zaejohnson3414
@zaejohnson3414 2 жыл бұрын
What cars did you start with?
@drewfoster1493
@drewfoster1493 2 жыл бұрын
@@zaejohnson3414 7 months later and I now have 5 cars. The escape was my first. I added a ford flex, ford Edge ST. Also a 2014 Panamera 4 and a 2016 Macan turbo. I have learned a lot in 7 months. Dont ever buy a German car without a warranty. My macan engine blew while I was driving it. 6 weeks down and it should be done in 3 days. Cost me 18K installed for a used engine. If I was to start all over I wouldnt have bought the Panamera because it doesnt rent great in winter in Colorado. I would have got a great warranty for the Macan and I wouldnt have bought a turbo one. Would get a base model everything because the higher trims codt more money but they dont really bring more money on Turo. I also wouldnt but fords as I have learned their depreciation sucks. I would buy Toyotas and Jeeps because they have really good depreciation. I will buy more cars but they will be brand new so I dont have to pay extra for a warranty and you get a better interest rate with new cars. If you want some advice feel free to email me. Drew@fosterspwc.com Cheers!
@quandaliousdingleton6290
@quandaliousdingleton6290 2 жыл бұрын
@@drewfoster1493 damn so for example a c63 amg would rent for more or less the same as a c300? could that be possible?
@sallywalk4761
@sallywalk4761 2 жыл бұрын
Very informative my Bruthas preciate you guys using your platform to Empower Us✊🏾🖤💪🏾
@michaelrobinsonsummers8511
@michaelrobinsonsummers8511 2 жыл бұрын
Peep this: I've listened to alot of audios & watched alot of videos for turo,... he's the best detailed I've heard. Great story to teach with. Yes sirrr! 💯
@srinidhimoily3672
@srinidhimoily3672 2 жыл бұрын
I have 2 chapter 13’s that are dismissed. The reason I have 2 is bcz I did n+ot use an attorney. I was trying to stop an eviction, but when I went to try to add another month’s rent to the bankruptcy, but the guy filed another one. About a month later, I ended up losing my job. They are scheduled to fall off in January and March 2021. Since I’m looking to purchase a home soon but still there. I am currently enrolled in *850CREDIT RESTORATION* and I must say, I am loving it thus far. I’m doubling it up with your podcast videos and learning A LOT! Thank you. I’m ready to join the millionaire club!!!
@monie6012
@monie6012 2 жыл бұрын
This information is seriously a game changer. I didn’t think to use business credit card to finance car under business and pay it off quicker. Jewels 💎 dropped forreal!!!
@steelwill2221
@steelwill2221 2 жыл бұрын
Fr im about to get started
@racheldesir6612
@racheldesir6612 Жыл бұрын
Man, can't tell you how much I love watching this program. My mind is on fire! The 21 Savage reference was hilarious! " How many questions you got, a lot"...lol
@nicolematherne1608
@nicolematherne1608 Жыл бұрын
Love you guys!! This channel is insane. I’m addicted. Thank you!!
@LouisPorterJr
@LouisPorterJr 2 жыл бұрын
DAMN!!! Talk about dropping knowledge. I don't even LIKE cars but I love these business strategies and techniques.
@TonyLuxuryCars
@TonyLuxuryCars Жыл бұрын
Hello, my name is Tony from Louisville, KY. I'm the top Turo host in my city, I just started a year ago and now have over 1,200 trips, 17 cars fleet, and make over $300,000 a year! I would love to do a video with you and talk business!
@gretajones2857
@gretajones2857 4 ай бұрын
Oh you are encouraging me
@deucejefe4106
@deucejefe4106 Жыл бұрын
shout out to y'all bruddas for putting game out there. blessings to y'all
@unbreakable1391
@unbreakable1391 2 жыл бұрын
This man gave us literally a money making formula
@joruff22
@joruff22 Жыл бұрын
Amazing class. This video was jam-packed with a wealth of knowledge. Thank you.
@fortgreeneprojects1
@fortgreeneprojects1 2 жыл бұрын
Huge information love it. Peace and Love NYC...
@Jiggadonqb
@Jiggadonqb 2 жыл бұрын
4:22 don’t let that go over ya head .."Keep the Sabbath" on Saturday’s ! 💯
@latishacalloway7056
@latishacalloway7056 2 жыл бұрын
People be sleeping on us being The Most High chosen people and when you following his laws stuated and commandments he will must definitely make sure he bless you with whatever he sees fit for you ( Keep That Sabbath)
@MrAllie-bf6zt
@MrAllie-bf6zt 2 жыл бұрын
@@latishacalloway7056 He can’t even bless you to spell right. Bunch of bull.
@cp23falife
@cp23falife 2 жыл бұрын
AMAZING INFO!!! Thank you 🥇🙌🏾🔥💪🏾
@imanifest.
@imanifest. 2 жыл бұрын
I love how Matty J really breaks the game down. Great educational style, & easy to learn from. I could listen to his voice and teachings for a long time out of the day, and that’s unusual. Lol we appreciate you King.
@imperfectnaturalshairthera3099
@imperfectnaturalshairthera3099 2 жыл бұрын
Thanks for such great really real information. Info like this will drive a brave heart right out the trenches, Lhhbs…thanks yall
@mattisonjames5639
@mattisonjames5639 2 жыл бұрын
I moved from Illinois, to Hampton, Ga and I learned the rental agencies were at the airport I was done. Thankfully, Turo has cars in Jonesboro, Ga. I noticed to pick me up was a $40.00 charge.
@naomiross2728
@naomiross2728 2 жыл бұрын
Thanks for so much insight, really looking forward to doing the course
@4yeSpazz
@4yeSpazz 2 жыл бұрын
mans literally just dropped a gem on how to get a car for FREE. catch a dime spend a dime, definitely using this.
@ryanbaffield5984
@ryanbaffield5984 Жыл бұрын
Loved this and will apply, blessings and gratitude to all
@jj2352
@jj2352 2 жыл бұрын
It’s crazy I came across this video I just started my Turo business the other day💯
@EmpressQueenB
@EmpressQueenB 2 жыл бұрын
Wishing you success
@eddieblake4039
@eddieblake4039 2 жыл бұрын
Mind. Blown. So much game dropped right here.
@wallacesouza2678
@wallacesouza2678 Жыл бұрын
I'VE BEEN SEEING POST EVERYWHERE ABOUT FOREX TRADING AND CRYPTO CURRENCY, A LOT OF PEOPLE KEEP SAYING THINGS ABOUT THIS TRADING PLATFORMS PLEASE CAN SOMEONE LINK ME TO SOMEBODY WHO CAN PUT ME THROUGH..?
@montserratherrero782
@montserratherrero782 Жыл бұрын
All you need is a professional trader to avoid making losses
@rebeccalittle1921
@rebeccalittle1921 Жыл бұрын
That is true, you need an expert broker and account manager to make good profit from Bitcoin trade.
@marinefernandez3166
@marinefernandez3166 Жыл бұрын
Because my portfolio has been going down the drain while I try trading, I just don't know what I do wrong!
@carolineknudsen5306
@carolineknudsen5306 Жыл бұрын
I have also been trading with her. profits are secured and over a 100 percent return on investment
@antoniaprieto5390
@antoniaprieto5390 Жыл бұрын
Investing in crypto is a plan for the future so it's high time people understand the importance of investment.
@CareerDropout.
@CareerDropout. Жыл бұрын
Wow I did the same thing with my car but not on a platform. This was encouraging to know I know how to manage well
@LilLinda333
@LilLinda333 2 жыл бұрын
Mr.Ceo Matty Jj , i was surfing youtube going through grieving n came across a video with u so i was watching alot im from socali n My Homie u r a Hustler n im not mad at u 🦋🙏🏻n i would like to say i hope the lord keeps u stacking !!! my stack just was used to buried my lil homie n this morning watching u n hearing u has got me to get back on prayer to ask jehovah to help me get my stack back ! but u really do impress me somewhat lol god bless u my brother Lil Linda
@kennynorris8636
@kennynorris8636 2 жыл бұрын
Professor Kez been preaching this a couple of years.
@ronnicoles1
@ronnicoles1 2 жыл бұрын
The key is buy cash cars $5k range. Draft a detailed contract. I express to carry the car on their insurance but I added them to my insurance and they have not stopped taking my money and I have 7 vehicles on it. Only used them to tow when 1 vehicle went down. No questions asked. I have each vehicle on year long contracts and they pay once a month.
@ntrogers32
@ntrogers32 2 жыл бұрын
What's in your detailed contract?
@stanleymays3824
@stanleymays3824 2 жыл бұрын
You missing some specific details, who are the "their" you are referring to? A dealership?
@ronnicoles1
@ronnicoles1 2 жыл бұрын
@@stanleymays3824 their is the person I rent to. I don’t with individuals not companies.
@ronnicoles1
@ronnicoles1 2 жыл бұрын
@@ntrogers32 I detail the terms such as who is responsible for what. Regular maintenance I pay for. Any damages they are responsible for. Excessive dirtiness and any smoke smell. Worn tires I replace but if damaged they are responsible. I ask them to cover with their insurance but I also cover just in case they miss a payment and it lapses.
@GoKorir
@GoKorir 2 жыл бұрын
you should bless us with a template
@charlesgreen3046
@charlesgreen3046 2 жыл бұрын
Outstanding thanks for the game
@dipo2142
@dipo2142 2 жыл бұрын
I like this guy..... hustlers mindset
@hadejjas
@hadejjas 2 жыл бұрын
At 34 years old I finally feel ready to settle down long enough to buy a house. Unfortunately due to previous horrible stupid life decisions, I'm forced to start with a zero balance in my savings account. On the bright side, the huge amount of debt - consequence of those bad decisions will be payed off next month! 🥳 It's never too late to start saving like there's no tomorrow, and I'm really REALLY excited and motivated. Oh and Graham, fyi my emergency fund is also a done deal! by *850 Credit Restoration* team lol, i didn't made it myself
@srinidhimoily3672
@srinidhimoily3672 2 жыл бұрын
I have 2 chapter 13’s that are dismissed. The reason I have 2 is bcz I did n+ot use an attorney. I was trying to stop an eviction, but when I went to try to add another month’s rent to the bankruptcy, but the guy filed another one. About a month later, I ended up losing my job. They are scheduled to fall off in January and March 2021. Since I’m looking to purchase a home soon but still there. I am currently enrolled in *850CREDIT RESTORATION* and I must say, I am loving it thus far. I’m doubling it up with your podcast videos and learning A LOT! Thank you. I’m ready to join the millionaire club!!!
@exploringwithbellanoche1286
@exploringwithbellanoche1286 2 жыл бұрын
This young man hit it dead on when it comes to financing cars.
@Hoody2Times
@Hoody2Times 2 жыл бұрын
I really look to Matty J as a mentor 🙌🏽 imma meet him one day a buss down a bag wit em 💯
@TheRamirezDynasty
@TheRamirezDynasty 2 жыл бұрын
Turo King CEO Matty J, Goated!!!!
@jeffjayewilliams6667
@jeffjayewilliams6667 2 жыл бұрын
Thank you guys. Crazy value.🔥🔥🔥💯💯💯
@igorramos8734
@igorramos8734 2 жыл бұрын
kzfaq.info/get/bejne/hM-kZ8V8yNyZj40.html
@schemekareem6174
@schemekareem6174 2 жыл бұрын
I work in Law Enforcement and I NEVER drive my personal car, especially on work days. I’m about to list my car and test the water on this
@santo9032
@santo9032 2 жыл бұрын
Do it !!! Easiest money I’ve ever made
@igorramos8734
@igorramos8734 2 жыл бұрын
kzfaq.info/get/bejne/hM-kZ8V8yNyZj40.html
@atnalta2
@atnalta2 2 жыл бұрын
Hey officer don't do it with only one car and if you don't know how to work on cars
@santo9032
@santo9032 2 жыл бұрын
@@atnalta2 Why are you saying that? You gotta find if our like it or not, and you don’t need to know how work on cars. You can go to mechanic
@atnalta2
@atnalta2 2 жыл бұрын
@@santo9032 that's a big expense if you take your car to a mechanic and if you only have one car you will be very frustrated
@kevinfowlks2482
@kevinfowlks2482 2 жыл бұрын
Excellent content!
@marriageinsider
@marriageinsider 2 жыл бұрын
I moved to LA and regret not moving here quicker,LA is the place to be!!!
@mannyblue-letsdogadeals7707
@mannyblue-letsdogadeals7707 2 жыл бұрын
I just was looking at some economy joints, the Prius makes me a little nervous cause of the hybrid battery, should it be new?
@iamMajik828
@iamMajik828 2 жыл бұрын
My guy said Airbnb was like, you gotta move ALL these cars ,we know they're yours..😂😂🤣🤣🤣 #goals🎰🙏🏿
@nylemcquitty
@nylemcquitty 2 жыл бұрын
So. Much. Value. How is this free? 🤯 Really enjoyed this one!
@iBarber504
@iBarber504 2 жыл бұрын
I loved the brotha from the start because he was reppin a New Orleans Fitted…
@mr.vip317
@mr.vip317 2 жыл бұрын
OK EYL, I See How You Gettin It In. ♥️🖤🖤💯💯💯
@wealthrebel
@wealthrebel 2 жыл бұрын
If you want to start a business you cant avoid having good credit it could really hold you back.
@JPS95gti
@JPS95gti 2 жыл бұрын
It all comes down to, keeping it booked 90%. You can't make profit if it's only 2 weekends. It's tough to keep fully booked
@shakdaman
@shakdaman 2 жыл бұрын
so much game....doesn't even make sense! shout out to you guys for getting Matty on here to share this knowledge.
@rochelleball2262
@rochelleball2262 2 жыл бұрын
Our modest fleet is doing pretty great, glad we made the move! Ready to learn more
@deepthought1064
@deepthought1064 2 жыл бұрын
Fa real what's in ya inventory?
@thesnyderteam-lasvegas6614
@thesnyderteam-lasvegas6614 2 жыл бұрын
Run the numbers for us
@skylerhill2945
@skylerhill2945 2 жыл бұрын
Sorry for my ignorance but can you do this with a sole proprietorship? Its a DBA so would it still enact the same?
@sasisalwaysgrinding5723
@sasisalwaysgrinding5723 2 жыл бұрын
🔥 episode for sure.
@BShynazLegacy
@BShynazLegacy 2 жыл бұрын
You’re one decision away from changing your future for the better. So always remember, that the choice is always yours. - Keyon Corniffe Sr.
@arianasherry3289
@arianasherry3289 2 жыл бұрын
Love this
@mogultalk1on183
@mogultalk1on183 Жыл бұрын
swap a lease has been around for over 10 years. very smart play.
@blackfirstwristbands2243
@blackfirstwristbands2243 2 жыл бұрын
What kind of insurance does the user need to have to rent on Turo?
@comeupmove
@comeupmove 2 жыл бұрын
I like going to the dealership with Pre-Approval from one of my Credit Unions. Don’t need all those inquiries from the dealership
@pauhg9
@pauhg9 2 жыл бұрын
I love it too but some dealerships was trying to force me to finance through them in order to get a better deal. I had to walk away a couple of times. Smh
@zaejohnson3414
@zaejohnson3414 2 жыл бұрын
That’s why you tell them to pull your credit once and tell them exactly how you want it pulled to not encounter all of those inquiries but inquiries are easy to remove just by making one phone call.
@tamelawilson9958
@tamelawilson9958 Жыл бұрын
I love your podcast...... It's just a great fuel ....
@thaarealdeal4349
@thaarealdeal4349 2 жыл бұрын
I am pulling the trigger this year on this IA
@DreDiesel42
@DreDiesel42 2 жыл бұрын
Awww man y’all giving away free bands I’m bout to tap in I love cars
@carlosmickens2081
@carlosmickens2081 2 жыл бұрын
Wise words being spoken!!
@ramonacarter3939
@ramonacarter3939 2 жыл бұрын
I'm Ready!
@michellehollingshesd4914
@michellehollingshesd4914 2 жыл бұрын
What about the insurance companies? Is it a problem with the insurance companies when there are soo many different people driving your car?
@daquanmcdonald7104
@daquanmcdonald7104 2 жыл бұрын
Bro I live in Wilmington, DE. Not enough people here talking about how to get money. I can take over
@KuyaVen
@KuyaVen 2 жыл бұрын
I have one more question. I am doing this i only have few cars. Doing it a year and half. My question is how do you do your taxes? Can you claim the mileage deduction your renter uses or just straight actual expenses deduction? I think i am doing it wrong. How do you do it?
@compellingcredit5195
@compellingcredit5195 2 жыл бұрын
You need to seek out a good tax person you can trust who is knowledgeable about the laws and loopholes that are legal and available to you as a business owner.
@isaiahboothe4299
@isaiahboothe4299 2 жыл бұрын
This was clutch 😂
@justinmullins6887
@justinmullins6887 Жыл бұрын
Thanks for all the great info!!! Just an FYI - NEVER NEVER NEVER admit your boy is getting business steered to him by police officers. Police officers using their job to steer business to their friends is a felony and a police officer I know went to prison for doing so. If this guy is your friend, you should edit that part out and let him know!
@ryanhoward6303
@ryanhoward6303 2 жыл бұрын
How do you deal with clients d the electric car rentals? In regards to charging and maintenance on long term rentals
@andredupuis5461
@andredupuis5461 2 жыл бұрын
Righteous video.✌🏿
@HeyImDee
@HeyImDee 2 жыл бұрын
Thank you❤️
@willcanbe
@willcanbe 2 жыл бұрын
HEY DOES TURO HAVE A BROCHURE THAT I CAN READ HOW CAN I GET STARTED THANK YOU VERY MUCH 😃
@stanleymays3824
@stanleymays3824 2 жыл бұрын
I went to the website for the training but it doesn't state if we are getting 500 dollars off. It cost 1,000.
@kikawise
@kikawise 2 жыл бұрын
Amazing content. Just bought my first turo car
@igorramos8734
@igorramos8734 2 жыл бұрын
kzfaq.info/get/bejne/hM-kZ8V8yNyZj40.html
@dr.tiathelifecoach7912
@dr.tiathelifecoach7912 Жыл бұрын
Where does the regular person have their pick up spot? And is there an issue of my personal address being attached to my car? And will the Turo insurance cover if the car gets stolen or a crime is committed (running lights and real crimes) in my car?
@jigwig718
@jigwig718 2 жыл бұрын
Do u keep your own insurance and use Turo insurance?
@iBarber504
@iBarber504 2 жыл бұрын
“I’m not the plug, I’m the extension cord!”
@michaelwright9703
@michaelwright9703 Жыл бұрын
Good info, and the brother knows he's a Israelite All praises to the Most High!
@nuritawwab9231
@nuritawwab9231 2 жыл бұрын
That your mechanic was a 💎
@jhyltv
@jhyltv 2 жыл бұрын
2:05 #Birdman 🦅 Interview Would Be 🔥⚡️🧨💥‼️
@tezt3740
@tezt3740 2 жыл бұрын
Some info.. If you buy your car for you business name you will need commercial auto insurance, also if your car in your business name (commercial) the car can't be used for uber (ridesharing) due the registration...also you will need to find a dealer who will take more than certain amount on a business card... #all experience or things not mentioned in this video
@daniellejohnson6287
@daniellejohnson6287 2 жыл бұрын
So what would be the point of putting in the business name?
@AnnnnnaQ
@AnnnnnaQ 8 ай бұрын
If the business is a rideshare business, it can be used "like" an Uber, just not Uber. And, of course, that's contingent in the state.
@ZachL_1994
@ZachL_1994 2 жыл бұрын
Fire 🔥
@lizcohane5
@lizcohane5 Жыл бұрын
I have a LLC- in a business name and EIN..but I don’t actually do business under my business name… if that make sense.. how do I get business credit established ? Do I need to actually generate money under my business to get business credit ?
@optbuild4U
@optbuild4U 2 жыл бұрын
How can we rent from his fleet
@DD-lv3zs
@DD-lv3zs 2 жыл бұрын
Will they take care of the car when you rent your personal cars. Who cover insurance.
@zeke2cold183
@zeke2cold183 2 жыл бұрын
Turo takes a percentage of the rental profit and that money covers insurance but there might be stipulations to that
@pierremarshall6966
@pierremarshall6966 2 жыл бұрын
Dropped jewels on us
@Quancho_417
@Quancho_417 2 жыл бұрын
I appreciate this video, I’m taking notes and I’m plugging them in where they are needed. I appreciate you three kings sitting down and informing us on how to make more income. I also appreciate the genuine honesty from all of you. I’m going to use this formula to the best of my abilities and get to it! What books do you guy’s read?
@sixthscentsfragrances2140
@sixthscentsfragrances2140 2 жыл бұрын
I wish I was in a bigger city. The numbers don’t make sense for smaller demographics. With insurance and car notes, you have to have a healthy amount of trips per month
@benbrown5913
@benbrown5913 2 жыл бұрын
What Matty J is describing in how he got 33 cars in one month is called credit stacking - taking out numerous loans before new credit is reported to the credit bureau. It's usually a type of fraud, but Matty J used it to rapidly ramp up his business. Very risky, but it sounds like it worked out in this case!
@Daniel-ge7fo
@Daniel-ge7fo Жыл бұрын
Not illegal at all
@coryda
@coryda 2 жыл бұрын
I'm wondering if I can take over a lease(s) under my llcs
@tyrancross683
@tyrancross683 2 жыл бұрын
You will be restricted to mileage and would have to any overage.
@larondalewis4320
@larondalewis4320 2 жыл бұрын
It makes better sense to build business credit and purchase a car under your business name (LLC) rather than tie up your personal credit. I don’t think leasing would be the best idea.
@chrispviews2
@chrispviews2 2 жыл бұрын
21k views I am honored to be present so early
@t04011984
@t04011984 2 жыл бұрын
Please talk about the insurance on the Turo platform specifically. You steered away from the insurance topic and talked about other platforms.
@optbuild4U
@optbuild4U 2 жыл бұрын
Yes would like to more about insurance
@orangeave8934
@orangeave8934 2 жыл бұрын
What do you need to know? When your car is rented the platform covers your vehicle. I had a renter on hyercar who did Uber in it and they killed the Uber passenger and Uber cover the lawsuit and if it wasn't a Uber ride, the rideshare platform will be liable. That goes into the percentage they take.
@livelife9935
@livelife9935 2 жыл бұрын
@@orangeave8934 but there r different levels of coverage
@orangeave8934
@orangeave8934 2 жыл бұрын
@@livelife9935 there are different levels on the platforms
@theaverageguyNo
@theaverageguyNo 2 жыл бұрын
@@orangeave8934 They killed as in assault amd battery muder or a car accident?
@abran-el
@abran-el 2 жыл бұрын
Good shit
@CJsmuuv
@CJsmuuv 2 жыл бұрын
I’ve been waiting on this shit for this longest
@igorramos8734
@igorramos8734 2 жыл бұрын
kzfaq.info/get/bejne/hM-kZ8V8yNyZj40.html
@MrPsalms207
@MrPsalms207 2 жыл бұрын
I was told that if I get into Turo, anything that I use for the business, including the vehicle I use, I can write off for tax purposes. For instance, if my car payment is $400/mo, and I put 10,000 miles on the car that year, but 5,000 were miles put on the car by my Turo guests, then I can write off $200/mo, because I used the car half the time for personal use and half the time for business (and same applies for fuel, maintenance, etc). Is this accurate, or am I just hearing nonsense in the wind?
@zaejohnson3414
@zaejohnson3414 2 жыл бұрын
True but I think it’s when you have a LLC
@ro5245
@ro5245 2 жыл бұрын
You can only write off car payments if your car is leased. If it's owned or financed you can write off half of expenses and you would use depreciation or mileage deductions instead of writing off car payments. Either way speak to a professional or CPA to confirm everything.
@carlosmickens2081
@carlosmickens2081 2 жыл бұрын
Stay woke!!
@donaldallen9183
@donaldallen9183 2 жыл бұрын
Blessings
@theaverageguyNo
@theaverageguyNo 2 жыл бұрын
Here's what I'm not seeing. Say Turo covers the insurance during the rental period but someone wrecks the car. Turo pays for it but what if it's totaled? How do you explain to your insurance company that someone else wrecked the vehicle while under another company's insurance? Also, where does the bank come into play if this happens? Seems like this would likely put you in a position to lose future insurance coverage from your own insurance company and potentially lose trust with banks and lending companies if this happens 2 or 3 times per year
@25nahshon
@25nahshon 2 жыл бұрын
That's actually covered on the Turo site
@watchwoman6957
@watchwoman6957 2 жыл бұрын
Get commercial vehicle insurance. There is always a way.
@theaverageguyNo
@theaverageguyNo 2 жыл бұрын
@@watchwoman6957 yeah on that front, I know. I mean when you start. Like if someone starting from day 1, how are they affording commercial insurance or qualifying for it if there are minimum qualifications? I'm assuming if you're running those Navy Federal flips then you would use part of the money to pay for commercial insurance until your cars start renting out.
@zaejohnson3414
@zaejohnson3414 2 жыл бұрын
All of that is done through Turo. In Matty’s other interviews he explain how one of his cars was stolen and another was totaled out. He was fully paid out for those cars. That’s when he went and got 33 cars in two weeks. Any damage done to your car you file a claim with Turo.
@riptits2894
@riptits2894 Жыл бұрын
It doesnt matter. If your insurance company doesnt pay the claim, they dont care what happened to the car. Simply cancel the policy when its done. You are not required to tell them anything if you arent filing a claim
@bmonq
@bmonq 2 жыл бұрын
Excellent fucking video. Question: What do y'all do with warranty options and/or license plates and registrations? I assume the play is to strike up deals with local businesses or city business so they can provide the service for all of your cars, but I'm asking to see if this is a viable option. Of course, it can come down to personal preference/what you can afford, but I'd still like to hear from y'all. 🙏🏻💪🏼
@zaejohnson3414
@zaejohnson3414 2 жыл бұрын
What do you mean?
@bmonq
@bmonq 2 жыл бұрын
@@zaejohnson3414 For car maintenance purposes. What's the most cost efficient way to service all the cars
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