So Many Vehicles On The Move!
I am pretty blown away by the initial success of the Passive Income Ecosystem created about six weeks ago.
As of today we have between 75 - 100 vehicles in the pipeline!
These vehicles are owned by other people, heading to 8 different markets around the country, to be managed by our fleet management partner.
Who is sending vehicles?
Hosts with underperforming vehicles that will perform better in another market.
People who want to earn money from the Turo platform, but don't have the time to manage it themselves.
Alpha hosts who dominate their local market, and now want to expand to others and need people on the ground to manage it.
Investors with the resources to help build the Turo brand and capture markeshare away from the traditional rental car companies.
Why did we create this?
To serve the host community by providing an avenue for small and large fleet hosts to expand passively.
To help hosts out of a difficult financial situation with an underperforming vehicle.
To build and strengthen emerging markets with vehicles consistently managed with 5-star guest experiences converting traditional car rental customers into raving Turo fans who will book your vehicle when they come to your market because of the great experience they had in another.
A rising tide lifts all boats!
Drop by the Passive Income Ecosystem if you're one of the four people listed above and would like to get some vehicles in the pipeline.
You'll find the link to the fleet management partner Turo profile on this page.
Note: I'll be flying to Dallas in early December to meet with the fleet management company and discuss expansion into future markets. My recommendations will be made to avoid further saturation of mature markets that are already over-saturated, and to focus on emerging markets with ample opportunity for additional inventory, without hurting existing hosts.