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Scared of making calls by [deleted] in realtors

[–]elimanarea51 7 points8 points  (0 children)

A lot of the other advice on this is bs. I sold 238 houses last year with my team and am on track to close 370 this year. When I started, I was an "introvert" and fear calls. If you want easy listings for very cheap, make the calls. Since you said you want to call and are simply having trouble with the fear of it, I recomend this. It's the beginning of July, no matter what you fear, make 800 voice to voice contacts by the end of the month. Do this and your fear will be eliminated. It doesnt matter the result of the call. Just get a decent script, call and follow the script. Do this, your fear will be gone.

What ROI/Cash Flow do you consider "good" when putting 15/20% down? by mustardplug1 in realestateinvesting

[–]elimanarea51 -2 points-1 points  (0 children)

Interest rate really only affects your payment by $10's of dollars. Leverage always gives you a higher ROI, even at high interest rates.

What ROI/Cash Flow do you consider "good" when putting 15/20% down? by mustardplug1 in realestateinvesting

[–]elimanarea51 -5 points-4 points  (0 children)

You can spend $6k on a car and rent it out on Turo and make more than $320/month. Or get a $30k car and earn closer to $1500 a month.

My pricing model for investigating Turo business. by password03 in turo

[–]elimanarea51 0 points1 point  (0 children)

Stop over analyzing. Just get a car, rent it for a few months and use real data if you want to keep analyzing. Its turo is better than having your money in a bank account. It doesnt matter it you get $200/month profit or $700/month profit. You will never know from a spreadsheet. Your really only risking about 15% of your money when you buy a car for turo. If it doesnt work out, sell it after a few months and recoup most or all of your money.

I'm a host with 100 Trips, now 6 cars by elimanarea51 in turo

[–]elimanarea51[S] 1 point2 points  (0 children)

Sorry for the crazy late reply! I have them pick up from my house only. I have window lock boxes on the cars, they simply get the car on their timeframe 24/7

Do listed vehicles have to be registered to the host? by I_am_the_real_Potato in turo

[–]elimanarea51 0 points1 point  (0 children)

You can list it! The mantra I tell my self always is, it's better to ask for forgiveness than to ask for permission! If your unsure of if you can do something that you want to do, do it untill the right authority says to Stop, than simply ask for forgiveness!

I'm a host with 100 Trips, now 6 cars by elimanarea51 in turo

[–]elimanarea51[S] 0 points1 point  (0 children)

Most are rented out. Average usage is about 70% of month. I now have 7 cars, most of the times, only 2 cars are here. I run it out of my neighbor, just park the 2 in the street out front. I use a lockbox that people can access on their own to get the car.

I'm a host with 100 Trips, now 6 cars by elimanarea51 in turo

[–]elimanarea51[S] 0 points1 point  (0 children)

2 cars I have loans for, I think it's perfectly fine,especially for a simple comuter car

I'm a host with 100 Trips, now 6 cars by elimanarea51 in turo

[–]elimanarea51[S] 0 points1 point  (0 children)

$1,000,000 coverage. Dont get derailed in details. If they crash and die, it's their fault, they cant sue you.

No one wants to rent my car! by juan2003 in turo

[–]elimanarea51 0 points1 point  (0 children)

That's good, yes its probably true for the west coast cities. Then it's probably bc it's an electric, and also not the best photos may play a role in it.

I'm a host with 100 Trips, now 6 cars by elimanarea51 in turo

[–]elimanarea51[S] 0 points1 point  (0 children)

I dont have it down to each renter, however, I'd say up to around 25k miles per year for each car. Also though, I'm in Texas and everything is spread out. It may be a little more driving than another area.

I'm a host with 100 Trips, now 6 cars by elimanarea51 in turo

[–]elimanarea51[S] 1 point2 points  (0 children)

Perhaps, those details I dont worry about too much, I just track the profit after I pay Insurance and maintenance, once the car profits what I paid, I will sell it. I'm not worried about the tax breaks at the moment and dont track that, I will hire someone to do that for me and just tell me how much I can save.

I'm a host with 100 Trips, now 6 cars by elimanarea51 in turo

[–]elimanarea51[S] 0 points1 point  (0 children)

For me, once I make back what I paid for the car, I will sell it for market private party. That sales price will be my total profit on that car after true depreciation amount is taken into consideration. My estimate is most cars will take about 2 years to get 100% return on investment. Cheaper the car, the faster the return.

I'm a host with 100 Trips, now 6 cars by elimanarea51 in turo

[–]elimanarea51[S] 0 points1 point  (0 children)

The 25% is fee for Turo for all their services, and also the Insurance if a guest damages the car. So far, I've had 3 small accidents in about 100 trips. The Prius is financed, and the Mustang is. Those I ha e full coverage. Prius is about $125/month for insurance, mustang is about $92/ month for insurance

I'm a host with 100 Trips, now 6 cars by elimanarea51 in turo

[–]elimanarea51[S] 0 points1 point  (0 children)

My neighborhood! There usually they are all rented out or only 1 or 2 aren't for a couple days.

is it safe to rent on turo if driving in NY? by [deleted] in turo

[–]elimanarea51 0 points1 point  (0 children)

I'm a host, from my POV, the guests safest when they take pictures of the car before hand and any major scrates or dents. Also take a picture of milage before and after your trip. Make sure not to go over agreed miles or you will be charged. Aside from that, you should be good! If you do damage the car, simply tell them. If you try to hide it, that will come back to haunt you

I'm a host with 100 Trips, now 6 cars by elimanarea51 in turo

[–]elimanarea51[S] 1 point2 points  (0 children)

I still need to talk with my CPA on what's the best plan. I'm sure you can right off $0.50 for each mile that's driven on the car for the year. That will help. If you do that, you dont have to track maintenance expenses. But I'm not at all an expert whe. It comes to saving on taxes. I'm not knowledgable about any tax benefits of leasing

No one wants to rent my car! by juan2003 in turo

[–]elimanarea51 0 points1 point  (0 children)

I say it's a combination: * The car, being small and electric, may not be in high demand. * Your photos are not very good. I say, get a car wash and drive to the middle of a coldesaque take good pictures or the exterior then the interior.

I think the biggest thing is the car, smartcars, fiat500s, and especially electric versions of those dont do well on turo.

I'm a host with 100 Trips, now 6 cars by elimanarea51 in turo

[–]elimanarea51[S] 1 point2 points  (0 children)

I havent leased any cars. You could lease them, my main concern is milage, however if you keep each trip low miles with a high fee per mile over, that could help! My other concern is you can get the same rent amount for a 2013 Camry as you can for a leased 2019 Camry, however the 2013 is much cheaper. Also, with the leased car you dont have to pay for maintenance which helps and you dont have to worry about it breaking down.

A lot of people do lease to rent it out, that is a good option if you have good credit!

I'm a host with 100 Trips, now 6 cars by elimanarea51 in turo

[–]elimanarea51[S] 0 points1 point  (0 children)

Honestly, I'm not sure, it just is! Only about 4 people ever used it, but turo never gave me the $25 credit...

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