Are you looking to increase your income?
Or better yet, increase your income, without trading your time to do so, so you can focus on enjoying life doing the things you love, with the people you love?
Most people need to increase their incomes, but because of their mindset, they always think of ways to trade their time to do so. They typically get another job, or put in overtime at their current position, but this leads to missing out on more of what life has to offer, and if you ask me, that’s not living.
Even worse, people tend to get stuck in this trap of constantly having to trade their time for money, until they look up and they’ve spent 40 years working, but don’t have much to show for it.
But it doesn’t have to be this way. Passive income is the holy grail that’ll help position you to make all your goals & desires come true, without the huge time investment.
My blueprint to start making passive income in the rental car business, will teach you everything you need to know to run a successful passive income rental car business. And it’ll provide you with the resources to ensure your business is profitable.
My name is Brian, also known as The Infamous CPA. I successfully built a 16-Car Rental Portfolio in less than two years where each vehicle brings in on average $400-700 per month in passive net income.
The difference is that it took me almost two years, and thousands of dollars in mistakes to figure out the best ways to run my business, and I will teach you the blueprint in just a couple hours.
This isn’t like most courses. There is NO FLUFF! Only 100% useful information that’ll save you time and money, that you’d typically spend trying to figure out how to build your business.
Here's what is covered in this course:
✅ Overview of the Rental Car Business
We’ll discuss the two main platforms used to generate passive income and the pros & cons of each. As well as, how I began my journey in the car rental business.
✅ Start-Up Checklist & Cost Analysis
We’ll discuss the exact steps you need to get your business off the ground as well as the costs associated with each.
✅ Cash-Flow Analysis & How to Set Rental Prices
Knowing how to analyze a vehicle’s profitability is vital to having a cash-flowing business. I’ll run you through exactly how I analyze vehicles as well as how to price your vehicles to maximize profitability in your respective market.
✅ Vehicle Criteria
I’ll share the exact criteria I use when searching for a vehicle, so you don’t have to reinvent the wheel!
✅ Where to Find Quality Vehicles
I will share the dealerships I visit most frequently to purchase quality vehicles at affordable prices that provide great cash flow.
✅ Car Maintenance Protocol
I will teach you how to maintain your vehicles without physically taking them to get them serviced.
✅ How to Handle Tickets & Tolls
Renters will get tickets & go through tolls, it’s a part of the business. You’ll learn how to transfer ticket liability to the renter and how to avoid spending time seeking reimburse for tolls.
✅ How to Handle Car Accidents
Car accidents do happen. That’s unavoidable, but I’ll teach you the exact steps I use to ensure my vehicles are back on the road in a timely fashion.
✅ Effectively Marketing Your Vehicle
We’ll walk through what key words to use in your vehicle description as well as how to take pictures to effectively market your vehicle.
BONUS: Investing During COVID
We will discuss how to successfully invest during the pandemic, and how it has affected the car rental industry.
BONUS: Financing Strategies
We will discuss creative financing to get multiple rental cars in your portfolio, without using a ton of your cash or personal credit.
✅ Resources Included
- Start-Up Cost Analysis Spreadsheet & Checklist
- Cash Flow Analysis SpreadSheet
- Income Statement
- Ticket Tracker
- Vehicle Criteria Sheet
- Maintenance Tracker
- Important Policy Folder
🚘 BONUS: Listing of Vehicle Makes and Models that I Love to Rent
As you can see, this is certainly the blueprint to not only getting your car rental business off the ground, but is packed with resources to facilitate the operations of your business as well. You’ll find an incredible amount of value in this course.
If you value your time and are serious about learning how to build a super profitable car rental business, this course will lay out the blueprint you need to make literally 10 times its price, in your first month alone — if not more!
Note, due to the nature of the product (digital product) all sales are final as access cannot be revoked.
FREQUENTLY ASKED QUESTIONS
HOW DO I KNOW IF MY MARKET IS A GOOD FOR THIS?
Call Hyrecar at (888) 688-6769 and ask them about your specific market. Or if you are outside of the U.S. Reach out to Turo.
DOES THIS WORK OUTSIDE THE US?
Yes, as long as there are rental car platforms in your country, this course can help you get started.
DO I NEED A PLACE TO STORE THE VEHICLES?
If demand is good in your area, storage will not be an issue. I have 16 cars and no set storage place.
DO I NEED AN LLC TO START?
No you don’t need an LLC to start, but I would recommend you to operate your business like a business, starting with the business structure.
HOW MUCH DO I NEED TO START?
You should have at least $1,500 to start, or split that with a partner for $750 each.
WHAT CARS ARE ELIGIBLE?
Eligible vehicles are typically no older than 15 years, are full sized, and do not have salvage titles. For further details please view the uber/lyft specific car requirements for your area.
DO I NEED GREAT CREDIT TO START?
No you don’t need great credit, but keep in mind that credit affects your interest rate. So if you don’t have good credit, I’d recommend you to partner with someone who does, or make a cash purchase.
HOW DOES INSURANCE WORK?
You need personal insurance on each vehicle, but also the rideshare platform you choose (Turo, Hyrecar, Getaround, etc) also typically provides insurance as well. So you have two layers of protection. Once you have a fleet, I recommend getting commercial auto insurance.
WHAT PLATFORM DOES THIS COURSE FOCUS ON?
This course focuses on the HyreCar platform, but the blueprint can be applied to any rideshare platform.
HAS THE PANDEMIC SLOWED BUSINESS DOWN?
No, the Pandemic has shown that this business is recession and pandemic proof as even though the demand for uber/lyft slowed down, drivers have been able to pivot into the booming food delivery business, thus allowing platforms such as Hyrecar to continue to flourish. Business has actually picked up during this time!