Turo, the airbnb of Car Rentals

Kithani

Vyemm Raider
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Greta is good friend of mine (recently declared the #2 anti-semite in the world! Congrats Greta!), but she doesn't really have a mind for business.
How Dare You Greta GIF
 

Rajaah

Honorable Member
<Gold Donor>
15,313
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Enjoy retards running it to 0, and otherwise trashing it.

Was thinking of only renting it out one or two weekends a month when I'm not going anywhere anyway, and screening the renters (old people good, college students bad).

That said, it's in such good condition, and I take good care of it (wash nearly every day, regular maintenance) that I have zero interest in anyone trashing it. Not worth it.

A guy I work with thought he was being pretty smart and built up a little rental fleet of vehicles for Turo. He ended up losing his ass on the whole thing - one car got totaled and the rest absolutely trashed. They'd always come back reeking of weed and dirty, somehow treated worse than a Hertz rental. He'd spend ungodly hours of free time detailing the them and driving the vehicles around to the next renter. Whatever the extra cleaning fee was that he'd get out of it didn't seem like enough.

I guess it's great if you want to make an already depreciating asset do it faster. As a financial decision, I'd probably rank it up there with renting furniture.

Yeah I don't know about cleaning cars and driving them around constantly so they can get trashed by the next person. It must have had a huge buy-in cost that would have taken a while to recoup before a profit even started to be generated. And in the meantime the guy's life sounds like it absolutely sucks.

It reminds me of my idea to buy a few computers / bitcoin miners and hook them all up in a place where I can get free unlimited electricity, just churning away 24/7. I did the math and it was like a $5-6k buy-in that would take about eight months of 24/7 mining to recoup the money and start to generate a profit. Which isn't that bad really when after that it would be a free $700 a month every month as long as I kept everything plugged in and turned on to generate away. From there I could reinvest the money back into it and add more miners to this daisy-chained setup, until it got to where I had a full stable passive income on top of working.

It was an interesting idea, but there were a lot of things that could go wrong.

Why do you sound completely broke with all your posts recently. Stop spending money.

I sound broke because I am broke. A long list of highway tolls on a car I haven't had since 2019, and the resultant late fees and penalties imposed (without me even knowing about it), for six years, by an idiotic state and its idiotic department of transportation, all but ensured that I'm cleaned out on money. I had to bend over backwards working just to make ends meet because of a government bureaucracy that has no mercy on anybody.

It was this debacle more than anything else, but my spending habits the last couple years didn't help either. Ever since my best friend / one time almost wife died I've been buying things a lot more, probably as a coping mechanism, and have now become one of those many many people with a collection of things I don't have time to watch/play/read.

I'm starting a moratorium on fun/unnecessary spending at the end of the week, and taking a small amount of time off from all of the work I've been doing just to rest and de-stress. Setting up a grill first (for cheap) and that's THE LAST THING. No more purchases for a while.

Most important thing is to stop spending, because overspending as a coping mechanism means that when something unexpected / serious comes up, you have less financial padding than you should, and find yourself struggling unnecessarily. If I have extra money that means save, not spend. This is the new philosophy now that I've noticed how bad it got without me realizing it.