Renting Out Two Extra Cars on Turo for $3,000 a Month
3 min read · RealCase summary
Bill Soroka had known about Turo for more than 10 years before he finally started hosting on the platform in late 2021, buying a small fleet: a 2013 Fiat 500 he named "Lucy" for $10,000 and a 2014 Mini Cooper Countryman he called "Hank the Mini Tank" for $14,000, a $24,000 total investment alongside his personal 2019 Toyota 4Runner.
Each car brought in roughly $800 to $1,200 a month in rental income, generating at least $3,000 a month on average across the fleet, with a projected 25-month payback period on the initial investment.
Over the course of hosting, Soroka completed 83 trips and collected reviews on 78 of them, a 94% review rate. When he later relocated to an island, he sold both cars for close to what he'd originally paid — "Even with a little bit of maintenance, two new windshields, and lots of car washes," he said.
Key takeaways
- ›Bought a Fiat 500 ($10,000) and a Mini Cooper Countryman ($14,000) specifically to list on Turo
- ›Targeted $800-$1,200 in monthly revenue per vehicle and prioritized reaching "All-Star Host" status quickly
- ›Averaged at least $3,000/month across the fleet, completing 83 trips with 78 five-star reviews
Original source
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