Part 5/8:
One significant advantage of using Turo is the freedom it offers. By listing a car that would otherwise sit unused, I could select rental periods while still maintaining personal use of the BMW. Despite its benefits, I encountered significant time constraints. For someone with a full-time job, the time investment required to manage cleanliness and delivery to renters can quickly become cumbersome, impacting profitability.
Analyzing potential earnings revealed an interesting discrepancy. For example, while the BMW rented for around $50 a day, Turo charged customers about $150. This highlights a notable gap between gross revenue and the actual profit earned after overhead costs such as maintenance, insurance, and cleaning.