By becoming a Turo commercial host, you can offer Turo renter fantastic customer service and an easy Turo rental experience. This button displays the currently selected search type. If youre looking for a commercial rental, start by filtering your search results on the Turo website or app. Turo offers a convenient way for renters to connect with commercial hosts and get behind the wheel of a great car. On a mobile device or computer, log into Turo with the app or website. Assuming you actually get them to file a police report and give you a case number, give that number back to Turo Trust and Safety. Turo uses this (and also local comps) when determining the ACV (Actual Cash Value) of your vehicle, should it get totaled or stolen. When you book a vehicle from a host through Turo, you must use the vehicle only for your personal use. Turo isnt involved in any manner with car insurance needs. : https://youtu.be/HkfEJOooqfI-----------------------------------------------------------------------------------General Links: Mic: https://amzn.to/2JiRklm Video Editing Software: https://amzn.to/33SaHv1 Computer: https://amzn.to/33Oncro My Turo Profile: https://turo.com/en-us/drivers/5770909 My Turo Listing: https://turo.com/us/en-us/car-rental/houston-tx/polaris/slingshot/613023#DebtToDollars #TuroBusiness #PassiveIncome Please read this again! That's right, the "official" arbiter of what's considered a "clean" title is a 3rd party for-profit company that's known to make all sorts of mistakes. Please remember: Police don't want to work. Provide the necessary description for each vehicle and make it sound attractive to rent through your company. If your car is stolen, it's going to be at least 1 - 3 months before you see any money for the car. DO NOT take pictures of the dash when the car is only on ACC. Slightly over that imo it is better to be on basicbut everyone looks at things from different perspectives. People renting my Teslas, Lotus, Mercedes, etc are usually, if not always, a better class of renter. The name you care about is the "Legal Name.". Semi-detached spacious house Three bedrooms Two reception rooms Gas central heating Double Glazing Generous rear garden Driveway parking for several cars Close to village amenities and junior school Scope to improve Rarely do these properties come for sale in this sought after village location. Save my name, email, and website in this browser for the next time I comment. The purpose of Turocar requirements is to make sure that all vehicles on the platform are safe and in good condition. After you do that, you are allowed to peek at the Legal Name field. It is the hosts responsibility to ensure that the vehicle is cleanand fueled up before guest trips. His insights are regularly quoted by publications such as Forbes, Vice, CNBC, and more. Regular hosts can use coverage offered by Turos protection plan up to $750,000 for liability coverage. How To Become a Turo Host Listing a car on Turo requires you to provide a description and photos of your vehicle. Your guests must contact you for all roadside assistance and accident support. Being an All Star host is the easiest way to display your credibility to your customers and gives you more visibility in the search rankings. How To Get Started To get started using Turo, prospective guests need to create an account, and then complete all the steps listed (have your driver's license at the ready). Pays for a vehicle when yours is in the shop. Turo requires that you input the following information when listing a vehicle. How to message a Turo host. Get to work faster with jobs in the gig worker industry. A clean title means the title is not rebuilt, salvaged, or never been declared a total loss. In the United States and Canada, you can use vehicles up to 12 years old. All in all, its a high-risk-high-reward venture that capitalizes on convenience and customization. How Turo insurance works for hosts. The basics of providing safe rides via rideshare services. The requirements for listing a vehicle on Turo in the United States include the following. The best defense you can ever have is photos uploaded by the guest themselves showing no damage in a particular area, then there is no question at all that the guest did the damage. Turo Go Digital is available to eligible hosts across the US upon request. If you rent out in a different city than you live in (like I do), then you need to file in the city that the car was rented from. Guest The person renting a vehicle. At this level think of Turo as only a booking or referral service that tells you the dates someone needs a car and is doing some advertisement for you. In fact, it may be at least a month before it's even considered stolen, so be prepared for a long wait. Turo functions like an Airbnb for cars in that you can book vehicles directly from their owners. You cant list a vehicle older than 12 years. Thankfully, the company does protect guests and hosts from no-shows and other issues. Turo doesnt list specific car requirements in this case. I just got a commercial insurance quote and it looks like I'll be able to save more money if I insured my cars with commercial insurance. Demand on the app has increased by 70% over the past few weeks according to Yahoo Finance. If you get into an accident, Turo will not pay for everything. This is totally normal for them. Instead, Turo will automatically apply your commercial liability coverage or rental insurance to all vehicles in your fleet. Probably a good way to go. The only way you can see the Legal Name is after you start a Trip Checkin (which is only available about 24 hours before a trip starts) - you Upload photos, then verify mileage and fuel level. This puts you in a really tough situation and there's no good way around it. As a host, Turo doesn't care about you in the slightest, no matter what platitudes they might speak. * Commercial host: A company offering a car for rental. You are not trained or prepared to verify licenses properly, generally speaking, and the fact that Turo "requires" you to do it is preposterous, but it is what it is. Yes, this is not a good situation for you. Turo provides five levels of insurance coverage to hosts, the people who own cars and allow others to rent them through the Turo platform: 60 plan. Additionally, the class of individual that rents a $150/day car is typically going to be more conscientious and careful with your vehicle, and will typically take care of it better than the $20/day car renter. Well okay then, it sounds like cheap cars are the way to go. So damage is less likely from the start but again, you have to weigh your risk tolerance here. how to become a commercial host on turo. No, you're better off just getting AAA Premium if you have multiple cars. While the universal requirements are the same in all three countries, some specific requirements apply only to certain countries. You might be saying. After insuring and contacting the vehicle owner, customers arrange for the car to be delivered or picked up. Another benefit of becoming a Turo commercial host is that all of your rentals get managed easily from within the Turo mobile app. The percentage paid out to you in the United States comes to 92.5% of each trips price. Don't believe anyone telling you differently. In the United States, you can only list a U.S.-registered vehicle on the Turo app. Commercial hosts are typically rental car companies. You can either opt-in for Turo's coverage plans or, you can get a commercial rental insurance policy to become a commercial host. Someone else is driving your car and the rider on your policy DOES NOT COVER THAT, no matter what your agent tells you. About. I have had several renters try to pass off their ID card as a license. It's actually a 15% difference. Once you start doing this, your personal assets become business assets and are fair game if you get sued. While the initial costs to rent are cheap, Turo charges a handful of fees to better protect the hosts property. This amount is usually at least 2x if not 3x or 4x what they paid me. However, your insurance is primary, meaning that damages are paid this way first. That means I'm not there to meet the guests. The car rental company can decide to impose its own security deposit in this case. If guests cannot show up at the appointed time, they receive a partial refund that scales based on the length of the booking period. I have had to argue with claims representatives on several occasions, pointing out (sometime multiple times) that I do have pictures of that area. But here's the fun part: Turo will still let you list the vehicle. The fact that you have to ask the question means that you aren't in a place where it makes sense to switch over and become a commercial host. Hosts simply have to list their vehicle on the Turo website or app and wait until guests message them about booking their car. In the UK, you can use a vehicle thats registered to you, your spouse, or a dealership. Transfer money from your business to your personal and from your personal to your business accounts if you need to, but never pay/get paid to a business account for personal items/services/etc and vice versa. Next, decline protection when prompted about insurance. Demographics, urbanization, and the economy drive change and interest in the car sharing market. 130,000 Miles is the MAXIMUM amount of miles a car can have to be listed on for its first trip. The class of people that rent low-end cars typically don't have a job or have a low wage job (thus can't afford to fix your car if it gets broken), don't have insurance, have little to no respect for property, and are generally a pain to deal with. You must provide instructions to guests on how to do so outside of the Turo platform. Rental reimbursement. You'll land on the screen for Pickup and return hours. Police Departments don't understand Turo, just be prepared to try to explain it to them. Covers wear and tear on your vehicle. You get to set the pricing and availability of your rental car and select a protection plan. They will send you paperwork, including a power of attorney that you sign and send back to them with the title of your vehicle. Some hosts in the United States, certain Canadian provinces, and the United Kingdom are Commercial Hosts. If you miss an "i" dot or a "t" cross, Turo will say you aren't covered, even when it's just a few dollars. Save my name, email, and website in this browser for the next time I comment. In this article, youll learn everything you need to know about becoming a commercial host on Turo. Income loss. Well, probably not a good market for a Sonata then. Your policy takes over in the event of an accident. If youre a car owner and youre looking for an extra source of income, look no further than renting out your car on Turo. Here is all you need to know about Turo, including how it works and what it costs. With regards to name matches, I've never heard of Turo denying a claim if someone presents as "Mike Roberts" and their license says "Michael Roberts," but as shady as Turo is about denying claims, I would not put it past them. Turo doesn't look at or care about your actual title, whether it's clean or not. You dont have to worry about senior charges, airport fees, extra driver taxes, and other hidden costs. If they aren't a total sleaze bag, they will typically tell you. When you select the 90% option you do everything. Contrasted to this, I purchased a Ford Focus 3 months later for $3500. What Happens if You Decline Turo Insurance Coverage Again, it's market dependent, but typically the answer is no. In at least 24 hours, you will be verified/approved. Once you get a request from a customer, respond to it promptly and negotiate pickups, deliveries, and returns. By doing your research, I mean you should see what cars have lots of rentals in your market. The main appeals of Turo are convenience, ease, and fast money. Should I operate as an individual or as a business? There are tons of tips and pointers of key information to ensure your new business venture is profitable. If youre ready to become a commercial host on Turo, follow these steps. If you take them before the 24-hour mark, Turo can deny your claim, so be sure to take them 24 hours or less before the rental starts. That said, you need to protect yourself when doing a remote hand-off. Do not list your vehicle for rent that you list on any other car sharing platform. No reason at all to switch to being a commercial host. Lets review how to get your car onto the Toro app. 2,476 Sq. With Turo, there are private and commercial hosts. He has been a rideshare driver since early 2012, having completed hundreds of trips for companies including Uber, Lyft, and Postmates. TikTok video from Credit Repair Specialist (@aswcreditrepair): "Want to become a Turo Car Host? Once youve found a vehicle youre interested in, you can read the hosts profile to learn more about their company. Turo is relatively safe, though it does have certain risks. You'll choose one of these insurance levels when you make your car available through the Turo website or app. By and large, the majority of the problems I've had with renters come with the lower end cars. I show you step by step on how to become an All Star host on Turo. In this Turo review, we will outline the criteria that every vehicle on Turo must meet in the United States, Canada, and the United Kingdom. Baciles advises would-be Turo hosts to have "the right lifestyle, mentality, and attitude" and not to approach the business as simply a way to make money. There are exactly two commercial insurance providers in the United States that I have found that will even talk to you as a small rental operator, and again, they typically want 2 years of experience and a minimum of 10 cars. There is NO CREDIT CARD that covers you as a renter on Turo. The vehicle must meet Turos insurance requirements. Once you get a request from a customer, respond to it promptly and negotiate pickups, deliveries, and returns. I would love to hear from experienced Turo commercial hosts. I've had that car now for almost 18 months and it's still not paid for itself. You can decline Turos protection plans, but this is dangerous. Most car loaning companies impose a limit of three, four, or five people, restricting your options. Often times, renters will hit something, possibly they won't even know it, but having before and after pictures of the undercarriage will protect your suspension parts, wheels, as well as any ground effects you might have. No one is going to protect YOU, except for YOU. COVERAGE Take your time when writing the listings description. Your car MUST have less than 130,000 miles before it's first trip. You need to protect YOURSELF. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. You can also filter by location to find a host closest to you. In the first nine months of 2020, Turo earned $107.8 million in revenue. There's a few situations I haven't personally dealt with, thankfully, but I do know people that have, so I will try to provide a comprehensive guide to just about everything you might encounter as a Turo host. Zilch. Check out my site https://www.powerhost.club/LEARN HOW TO BECOME A 6 FIGURE HOST ON TURO THROUGH MY EXCLUSIVE COMMUNITYhttps://www.powerhost.club/12+ hr Tu. If you have an expensive car, such as a Tesla or other high-end vehicle, it can make more sense to go with the basic plan. Automate your toll reimbursements with CarSync If getting everything reimbursed from your guests has become overwhelming, the solution is at hand. Users who list a single car on Turo make an average of $10,516 per year. Create an account to follow your favorite communities and start taking part in conversations. If youre committed to loaning cars and cashing out, sign up and give it a try. Press question mark to learn the rest of the keyboard shortcuts. They are not rushed to get to the car. Enter the hours you're available each day. You cant list a vehicle on Turo in Canada with dealer plates. I wish I had a better answer for this, but the fact is, the insurance situation alone should scare the hell out of you. He is currently working on a book about working in the Gig Economy, expanding his skill set beyond the rideshare niche. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Download the app Hosting is better and easier when you have the Turo app handy. And, in the rare event that something does go wrong, our Claims team is ready to help. If it's close, it's close enough. Turo lets you freely contact your Turo guests after confirming each rental. ", You can ignore this name. For road trips, errands, or day-to-day life, cars are essential. You can avoid the young driver fee if you are over the age of 30, and you can avoid delivery fees by picking up the car yourself. The basics of delivering food, groceries, and packages. Even if you have ZERO knowledge that your title has been washed, you're still going to be hung out to dry. Turo is lying. First, its essential to understand that being a commercial host requires more work than operating as a regular Turo rental car host. Turo has a high degree of passive income potential. Turo will refuse to list these vehicles if they dont include built-in tracking. Wranglers have a lot of rentals in your market? Our website is supported by our users. The company has over 450,000 listings across the US and Canada, so it's available in most major cities, and I have found it to be more affordable than booking through companies like Hertz and Enterprise. A commercial host is any car rental agency that provides commercial rental insurance to cover its vehicles, guests, and itself. Over the course of the next 3 years, it's going to lose another 50% of its value, give or take. If a host does not show up at the appointed time and provides no prior notice, Turo will fine them $150. You could become liable for up to 20% of any loss that goes above your protection plan deductible. They will guide on you the next steps. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Browse the most lucrative promotions we offer. ), for something you likely won't use. They may try to put the onus on you, but you brought in the estimate and paid them the amount on the estimate, if they found additional work was required, they need to talk to Turo about the additional payment. Should I use Turo to offset my car payments? If you choose this option, you may experience additional feesinvolved with processing payments that arent included in the Turo fee. Since I have a commercial policy, I can also rent directly to renters without going through Turo and when I do that, I absolutely require them to have personal auto coverage from a major carrier, as well as a credit card (not a debit card), that I keep on file. Just figure out what you make total to turo (the grand total) and then when you have your grand total crunch both the 85% and 70% numbers, and at some point the 85% will be much more appealing. Also, make sure it's actually a license and not an ID. Once you opt one vehicle into the owner-provided insurance category, Turo opts the entire fleet in for you. Related: HyrCar vs Turo: Which is better? Hold up there, partner. I provide superior service through my remote hand-off system, because I'm not waiting on a guest - they can be hours late picking up and I don't care and it doesn't inconvenience me this is a benefit to the guest because they don't have their rentals canceled or an angry host calling them asking where they are. GMI was the only one that would insure me, even though I had a larger fleet and 3 years experience. It is, again, completely ridiculous. The Turo Profile Name is often drawn from Facebook or elsewhere and can be anything. You have to have all the rental contracts, credit card authorizations for incidentals, ask for personal insurance, or provide your own protection plan, etc. But they will save your bacon. I do not require my renters to change names if it's an obvious abbreviation or other derivatives of their legal name, and I have never had a problem. 75 plan. How to List Your Car on Turo as a Commercial Host, The car must be no more than 12 years old, The vehicle must maintain an available status on other rental platforms, You must have your own commercial rental insurance policy, Your vehicles must pass an inspection by Turo, A vehicle cant have a damage history that involves a total loss, Vehicles with over 130,000 are eligible if they meet all mechanical, safety, and legal standards, Name of your company and state of incorporation, Your business EIN or social security number, Proof of commercial rental insurance policy. Turos vehicle indexsorts the best-performing cars across three price ranges. You can also set your own delivery fees or offer discounts to guests. However, it has fewer restrictions than a traditional car rental company. Turo is a car rental platform that connects car owners with people who need cars for short-term rentals. How will guests able to select my commercial insurance as coverage? If you have a commercial host account, your vehicles arent protected under this policy. In this Turo review, we will outline the criteria that every vehicle on Turo must meet in the United States, Canada, and the United Kingdom. Additionally, you need to maintain your vehicle at all times. If you have any questions or concerns about your Stripe account, you can contact Turos dedicated Stripe support team. ** Updated 22 Sep 19 w/ remote hand-ff and picture taking information **** Updated 11 Oct 19 w/ additional Pre-trip photo information and advice ** ** Updated 15 Oct 19 w/ Info on Clean Titles & Mileage limits. With Turo, you can have up to eight driversfor your rental. According to Kayak, the average price for a rental car in the United States in 2023 is $63 per day. The main difference between a regular peer-to-peer host and a Turo commercial host is the car insurance situation. The above information is an overview of what you need to become a commercial host on Turo. 85 plan. What car does well in one market does horribly in another market. If there's excess damage or it costs more than the estimate (which is usually the case), the bodyshop needs to file supplementals with the insurance carrier. Car prices reflect the make, model, and year of a vehicle. They are definitely more profitable, but they come with headaches. For questions about how damage to a host's vehicle is handled, visit the Turo Support site. *Your insurance WILL NOT COVER YOU. Turos insurance policies are in place to help you and limit your liability. Even though it's obvious the car wasn't on (Tach needle at 0), Turo will still claim an error light was lit and thus your coverage is denied. For example, Jeeps and Trucks are good in my DEN market, but they are horrible in my KC market. Get multiple quotes from car insurers in just a few minutes. Individuals using personal insurance cant become commercial hosts because they need to use the car insurance optionsoffered by Turo. In British Columbia, Turo sets the fair market value maximum at $75,000. Turo files claim with guests insurance for damage, loss of use, diminished value. Here are three of the most common questions regarding the car-sharing platform. Commercial hosts on Turo are typically rental car companies because most individual personal car insurance policies dont allow for rentals. A Turo host in the United Kingdom must be 18 or older. Take them. All hosts in all other countries or regions where Turo operates are Commercial Hosts. As soon as you submit a claim for undercarriage damage, the claims representative will automatically deny your claim with a "No Pre-trip photos" response, since they rarely get claims with such photos. The fair market value cap is $105,000 in Quebec, Nova Scotia, Ontario, and Alberta. Save my name, email, and website in this browser for the next time I comment. If your car has ever been in an accident, is considered salvaged, rebuilt, or an insurance company declares it "totaled," then it's not eligible to list on Turo. These are the only two that were even interested in talking to me. I have cars in KC, DEN, and PHX. When owners decline Turo's insurance coverage, they are considered a Commercial Host. An overview of lifestyle, care-related gigs. Maybe a mod could sticky it. I want a fancy car, but I don't want to pay for it. I did the math and with the current quote and I'll save about $400-600 based on my current rental. What car does well in one market does horribly in another market. Please take the time to read through this entire document before asking the same questions everyone else asks! The short answer is, as a new business (You did form an LLC, right?) These pictures SHOULD NEVER be uploaded before the 24-hour mark. Ridesharing riders on policies (which they will try to sell you and tell you covers you) cover things like Uber and Lyft meaning they cover you as long as YOU are driving your car for commercial purposes. But technically, if the name doesn't match exactly, and Turo wants to be pedantic, which they often do, they can deny your claim. Even with only a few used cars, theres potential to earn with Turo. It means you need to pull a Carfax on your car before you list it to make sure there's nothing there that would disqualify your car, otherwise, you are just asking for trouble when it comes time to make a claim. How can I even opt-in to become a commercial host on Turo after I purchase commercial insurance? Normally, in that circumstance, your insurance company would step in and either pay or send a platoon of lawyers to defend you. Yes, it's stupid, but no one ever said police departments were smart. This question is largely based on your personal risk tolerance, but here are my thoughts on the subject. I tell them it's like AirBNB for cars, that seems to work.