1/20/2024 0 Comments Turo flat tireWhile this list does not serve as a comprehensive checklist for potential hosts looking to join the car-sharing market, it does provide insight into hosts that excel vs. Confused renters will eat into your productivity time. Whether it is speaking to the technician at the auto shop or texting your upcoming renter, being a good communicator will allow the Turo process to go smoothly and efficiently. Will your boss be okay with you leaving for an hour to help a renter with a flat tire? Do you have good social skills? # Many renters book during weekends are you able to take time off your own to accommodate? Other scenarios may arise during the workday. Can you set aside time during the workday and weekend? # It is imperative that you track and keep good record of all financials (as with any small business endeavor). Do you stay organized? #Įveryday new expenses, revenue, and analytics come down the pipeline. If you cannot handle additional risk or stress in your life, peer-to-peer car sharing may not be for you. Regardless, renting your vehicle out on Turo is a liability. Others suggest purchasing commercial insurance. Many Reddit and Facebook Turo veterans recommend hosting under an LLC to avoid potential third-party insurance claims coming after your personal funds. Can you handle taking on additional liabilities? # You cannot lose sleep over these damage claims - remedy the situation and move on with your business. It is not matter of if your vehicle will be damaged it is a matter of when. Should you rent your car to a stranger? Maybe, depending on how you might answer the following questions: Are you able to detach yourself emotionally from your vehicle? # Different liabilities - including variability amongst state laws - open the doors for heightened risk. While some draw comparisons to Airbnb (but for cars), Turo is much different from modern peer-sharing apps.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |