From $0 to $175K/Month with a Car Rental Business (Pt. 1)

Рет қаралды 154,274

Күн бұрын

Can you make a lot of money in the car rental business? Does $175k/month sound unreasonable? It’s reality for Ronnie Danelian, owner of Legends Car Rentals, and he’s sharing the secrets of how to start a rental car company.
Launched in 2015, Legends Car Rentals is LA’s premier luxury and classic car rental company. Ronnie and his partners started with only a small collection of unique automobiles. Now, they have an entire fleet of exotic cars and four locations in four major cities.
In this two-part interview, Ronnie will tell us how he and his partners grew Legends into a legendary (get it?) luxury car rental brand that leases to A-list celebrities like Kendall Jenner.
We’ll learn about his background, what led him to start a car rental business, and what it takes to keep revenue flowing even during the slow periods.
Ronnie will share his expert advice on marketing and advertising approaches and how to scale a business. And he’ll let you know the biggest challenges of running a car rental business.
We’ll also delve into how many cars you need to rent every month to maintain a solid profit margin.
And if you’ve ever wondered what an exotic car rental company does if someone wrecks one of their cars, then stay tuned! You don’t want to miss the answer.
Be sure to like, share and subscribe to our videos and watch part 2 here ► • From $0 to $175K/Month...
Check out some of our other interviews we've done in auto business:
From Side Hustle to $7 Million per Year Tuning Cars ► • Sheepey Race: From Sid...
How to Start a Car Dealership (and Make 5-Figures a Month) ► • How to Start a Car Dea...
Resources:
www.upflip.com/academy - Start, Build, or Grow Your Business
legendscarrentals.com - Find Out More About Ronnie's Car Rental Business
Timestamps:
0:00 Intro
1:40 Meeting Ronnie
2:50 Initial budget
3:46 Expenses on a monthly basis
4:53 Number of cars rented
5:40 Cars with the highest profit margin
6:55 Number of cars involved in an accident
8:35 Profit margin in exotic cars
9:40 Good and bad day for Ronnie
10:24 Advertising the business
11:44 How to avoid mistakes
12:54 Outro
#carrental #carrentalbusiness #carrentalstartup

Пікірлер: 68

@UpFlip 3 жыл бұрын

Link to Part 2: kzfaq.info/get/bejne/hpl_Z8idxJ6dgJs.html What are your thoughts on the car rental industry? Do you think you could succeed with a car rental business? Tell us what you think and leave a comment below!

@sergbelo 3 жыл бұрын

What I love about this guy is how humble he is, I wish him much success!

@kingsmustrise 3 жыл бұрын

i love ronnie's transparency and humility

@UpFlip 3 жыл бұрын

He’s an amazing person🙏 we were honored to interview him.

@steveayiyi5570 2 жыл бұрын

Good insight on car rental business. Can I buy car and give to you to manage?

@GlennGoryl 2 жыл бұрын

By far, one of the BEST small business owner interviews I have seen. Thank you.

@UpFlip 2 жыл бұрын

You Rock Glenn!⭐Thank you! Are you currently in this industry?

@shayamoultriejones4095 7 ай бұрын

There’s plenty of young black men interviews Glen. I’ll be happy to give you the links to them

@cameramanfrank 3 жыл бұрын

So glad u asked questions about insurance and I love how the owner knows his numbers . Great video

@MilaRoseCo 3 жыл бұрын

Best work yet! Just keeps getting better and better 😊👍🏽

@UpFlip 3 жыл бұрын

Thank you :)

@bilingualgirls7837 2 жыл бұрын

You're so amazing at making the right questions!! Great interview!

@UpFlip 2 жыл бұрын

We're so glad you enjoyed! What was your favorite part of the video?

@GaryHwang 3 жыл бұрын

Thanks UpFlip on this quality video on how the car rental business works! Please keep uploading more videos :D

@UpFlip 3 жыл бұрын

You got it Gary!

@_iampmoney_ 3 жыл бұрын

This is my first time watching a video on your channel. I sell cars and have been looking at getting into the rental game. I have to say thanks for the way that you ask questions. You ask 1 level deeper than most people and really get to what the people want to know. This is a great video. Thanks for the content.

@UpFlip 3 жыл бұрын

Thanks a lot Preston! We really appreciate it.

@mateo... 3 жыл бұрын

Looking forward to pt 2

@Real_ismail 3 жыл бұрын

I’m your new subscriber and i really love it your videos man ,we need more videos, maybe 3 videos in week

@UpFlip 3 жыл бұрын

We're planning to... soon ;)

@LeeGlocks 3 жыл бұрын

very high quality videos! Keep it up!

@UpFlip 3 жыл бұрын

Great to hear!

@rickjames3606 Жыл бұрын

Really like this video, this guy is honest

@Lakarlacardenas 2 жыл бұрын

this was great 🤗

@financialchimes4546 Жыл бұрын

This sounds really high risk, high reward. If you have those kind of expenses and it doesn't work out (because of corona or whatever that happens) the hole gets deep really fast.

@Nevrinnnn 2 жыл бұрын

Great talk, great owner and great business. Thanks to you for asking those questions its really better to see answers from a really experienced man

@UpFlip 2 жыл бұрын

Thank you Nevrin. We appreciate the positive feedback.😀 Should we do another video on this industry?

@Nevrinnnn 2 жыл бұрын

@@UpFlip Definitely a yes, this industry really caught my interest.

@donovangumbo388 2 жыл бұрын

You're asking some bomb questions man!!

@UpFlip 2 жыл бұрын

Thanks Donovan! We try our best to keep the questions intriguing and entertaining.

@businesswithHarshasandaruwan 3 жыл бұрын

Love it❤️

@UpFlip 3 жыл бұрын

Thank you!

@Rahulrahul-cz2tn 3 жыл бұрын

Hey love ur vids,keep em coming

@UpFlip 3 жыл бұрын

Thanks, we will :)

@mfgallonjaust7171 3 жыл бұрын

What gps do you use? How do you manage your fleet and now what you have available whitout double booking I’m growing and having issues whit having so many cars and so many cars coming back and going out

@UpFlip 3 жыл бұрын

Try reaching out to get the specifics.

@brolyx1316 3 жыл бұрын

Great video

@UpFlip 3 жыл бұрын

Glad to hear :)

@chriss2352 3 жыл бұрын

Great content

@UpFlip 3 жыл бұрын

Thank you!

@angelmerno149 3 жыл бұрын

Keep it up

@UpFlip 3 жыл бұрын

We'll do!

@entrepreneur1013 3 жыл бұрын

what fleet insurance are you useding on the cars

@UpFlip 3 жыл бұрын

You could try contacting them through their website and ask them that!

@phillipyt8098 3 жыл бұрын

Or both

@sparshchowdhary7259 3 жыл бұрын

Make factory tour videos

@big789 2 жыл бұрын

the key ...find the Bayer

@darioxbrow9223 2 жыл бұрын

Lumber down on

@filaretoseasy 2 жыл бұрын

Cool guy. Tip..Do your homework before the car leaves the lot....That's it ..right there

@callisto6213 2 жыл бұрын

How do you ensure that tires or other components of expensive cars are not replaced or stolen by pessengers?

@UpFlip 2 жыл бұрын

Thanks for watching Callisto. There's a way the tires can be marked and insurance on the vehicles as well. Would you consider getting into a business such as this?

@callisto6213 2 жыл бұрын

@@UpFlip Dealing with such issues would keep me away from such businesses but his turn over is too attractive to not to.

@surajmandokar1092 2 жыл бұрын

12:19

@SuperArm111 2 жыл бұрын

Armenian bro 😎 🇦🇲

@phillipyt8098 3 жыл бұрын

Do a tattoo shop or barber shop

@UpFlip 3 жыл бұрын

Barber shop is in our plans!

@mr_alvarezrealty9368 2 жыл бұрын

I'd over to connect with you. I am in the real estate industry . I have some great ideas we can discuss . Love ❤ your channel. Please reach out

@UpFlip 2 жыл бұрын

Hello Mr Alvarez. Ok, please send us the details of your business @ media@upflip.com. Thanks. Where are you located?

@eyadwalid3373 3 жыл бұрын

How much I can make if I start with 10 million

@UpFlip 3 жыл бұрын

Are you buying high end or lower end cars?

@eyadwalid3373 3 жыл бұрын

@@UpFlip luxury and exotic(high-end)

@z-ra 2 жыл бұрын

9:09 The "(mumbles)" he said is Turo. "Because of competition and Turo."

@KidaleSmith 2 жыл бұрын

Really, you were making $0 a month, bruh there's no need for a clickbait, keep it real, you went from about 2 or 3k a month to more, it's still a big change, but ain't no homeless dude on KZfaq talking about such a drastic change unless you mention Tyler Perry

@TtvAdamdee Жыл бұрын

U relize businesses usually start and loose money for the first year or more right?

@KidaleSmith Жыл бұрын

@@TtvAdamdee I think you left your question in the wrong section if that's for him.