{"id":14900,"date":"2020-01-29T10:16:34","date_gmt":"2020-01-29T18:16:34","guid":{"rendered":"https:\/\/turo.com\/blog\/?p=14900"},"modified":"2022-06-27T17:00:20","modified_gmt":"2022-06-27T21:00:20","slug":"how-turo-host-hashim-turned-a-profit-in-four-months","status":"publish","type":"post","link":"https:\/\/turo.com\/blog\/canada\/community\/how-turo-host-hashim-turned-a-profit-in-four-months\/","title":{"rendered":"How Turo host Hashim turned a profit in four months"},"content":{"rendered":"<p><a href=\"https:\/\/turo.com\/en-us\/drivers\/6760713\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">Hashim K.<\/span><\/a><span style=\"font-weight: 400\"> wanted a new car, but not the monthly costs. Undeterred, he searched online for ways to make money off a vehicle and stumbled upon Turo. After reading reviews and verifying Turo\u2019s insurance would cover him, he was convinced.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Thanks to some market research, he settled on a <a href=\"https:\/\/turo.com\/ca\/en-us\/car-rental\/toronto-on\/lexus\/is-350\/527207\" target=\"_blank\" rel=\"noopener noreferrer\">Lexus IS 350<\/a>, which attracted interest from the moment it was listed. The positive reviews rolled in, and so did the bookings. By month four, he was doing better than covering his expenses. He was making a profit.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-14902\" src=\"http:\/\/turo.com\/blog\/wp-content\/uploads\/2020\/01\/IMG_8198-e1580251191386-1024x512.jpg\" alt=\"\" width=\"762\" height=\"381\"><\/p>\n<h3><span style=\"font-weight: 400\">Managing a Turo business and a full-time job<\/span><\/h3>\n<p><span style=\"font-weight: 400\">Before jumping into hosting, Hashim created a game plan to manage his time. As an automotive engineer, managing a side hustle in addition to a traditional nine-to-five job would be difficult, so he settled on the following strategies to make it work.<\/span><\/p>\n<ul>\n<li><strong>Using public transit when his car was booked. <\/strong><span style=\"font-weight: 400\">\u201cI live in downtown Toronto, and I work in Markham. When I got my second car, I would just basically take whichever one was not booked and if they were both booked, I would take transit.\u201d<\/span><\/li>\n<li><strong>Leaving his keys with his building&#8217;s concierge.&nbsp;<\/strong><span style=\"font-weight: 400\">\u201cThat was one reason why I chose to do the whole Turo thing. It\u2019s even more passive.\u201d<\/span><\/li>\n<li><strong><b>Streamlining his processes and preparing responses to frequently asked questions.<\/b><\/strong> <span style=\"font-weight: 400\">\u201cMy instructions became a lot better. At first, I had to work out a lot of kinks. Especially if it was a remote pick-up.\u201d<\/span><\/li>\n<\/ul>\n<h3>&nbsp;<\/h3>\n<h3><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-14904\" src=\"http:\/\/turo.com\/blog\/wp-content\/uploads\/2020\/01\/IMG_8217-e1580251616287-1024x512.jpg\" alt=\"\" width=\"762\" height=\"381\"><\/h3>\n<h3><span style=\"font-weight: 400\">Crunching the numbers to add a Corvette to the collection<\/span><\/h3>\n<p><span style=\"font-weight: 400\">After the success of his Lexus on Turo, Hashim thought about upgrading to a nicer vehicle but wanted to be sure it was a smart financial move. He used the <\/span><a href=\"https:\/\/turo.com\/en-us\/carculator\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">Turo Carculator<\/span><\/a><span style=\"font-weight: 400\"> to gauge how much various vehicles pull in on the marketplace and created a spreadsheet to crunch the numbers.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cI made a spreadsheet, and I tried to make it as accurate as I could. What are all my expenses gonna be? How many bookings am I gonna get? How much is each one worth? The seasonality? I took all that into account. Based on those numbers I decided, \u2018Okay, you know what? Should I get a Corvette? I think it\u2019ll work out pretty well.\u2019\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">He purchased the <\/span><a href=\"https:\/\/turo.com\/ca\/en-us\/car-rental\/toronto-on\/chevrolet\/corvette\/588306\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">Corvette<\/span><\/a><span style=\"font-weight: 400\"> in late winter and by summer his bookings took off. They did so well he was able to raise his prices and implement a two-day booking minimum. Eager to make the most of the Corvette year-round, he slapped on some winter tires which resulted in steady bookings even during the slower winter season.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Not that a slow day is all bad news. Those are the days he\u2019s got his dream car to himself \u2014 with all his expenses covered.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cIt\u2019s really cool to have a Corvette. No one my age has a Corvette, and it\u2019s basically for free.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">Want to start covering the cost of car ownership and maybe more?&nbsp;<\/span><\/p>\n<p><a class=\"button button--large button--dark\" href=\"https:\/\/turo.com\/list-your-car\">Start your Turo journey today<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hashim K. wanted a new car, but not the monthly costs. Undeterred, he searched online for ways to make money off a vehicle and stumbled upon Turo. After reading reviews&#8230;<\/p>\n","protected":false},"author":8,"featured_media":14903,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[19,51,66],"language":[2],"class_list":["post-14900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-community","tag-canada","tag-member-profiles","tag-toronto"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.2.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"Here\u2019s how great customer service, a spreadsheet, and excellent time management helped Hashim K. start earning a profit on Turo in 4 months.\" \/>\n\t<meta name=\"robots\" content=\"max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n\t<meta name=\"author\" content=\"Neya Abdi\"\/>\n\t<meta name=\"keywords\" content=\"canada,member profiles,toronto\" \/>\n\t<link 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