The Gray Areas of Renting Cars on a Platform

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Lazaro Vento is the Managing Director of Happy Travels Miami, one of the most profitable Airbnb empires in business with 115 total Airbnb units and a fleet of 22 cars rented on Turo. In this episode we discuss how Lazaro turned a $1,500 investment into a business that is currently netting $1 million per month on AirBnb without owning any property.

Episode Highlights:

- One of the biggest bottlenecks to growing any Airbnb business is the housekeeping required to reset each unit between each tenant.

- Your Airbnb portfolio can be better optimized by keeping all of your units geographically close together so that your housekeepers can reset the units faster.

- For Turo you don’t necessarily need to buy the car with an auto loan. One option to minimize upfront capital requirements is entering into an auto lease and then lease it out on Turo. Just be sure to be aware of your lease terms.

- Given the current microprocessor shortage, less cars are being built, which has recently caused cars to actually appreciate in value when they usually rapidly depreciate.

Helpful Links:

https://www.airbnb.com/

https://turo.com/

Best Way to Contact Lazaro:

https://www.instagram.com/brickellcigars/?hl=en