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7 min 5 sec

Make $4,000/Month Renting Out Cars You Don’t Own

How a Los Angeles man leases a fleet of 16 cars and rents them out at a higher rate making over $4,000/month.
Cars Communication Sharing Economy Unique Ideas

What It's About

A Los Angeles man makes more than $4,000/month renting out cars he doesn’t own.

Business Model
Reselling
Skills Required
Research, Communication, & Creativity
Complexity
Medium
Profit Potential
High

Words of Wisdom

When Tahsir decided to increase his fleet from a few cars to 16 (!) he played it smart and did some research regarding which kinds of cars were more often rented. Based on his research, he noticed that the best opportunities were either at the low end or the high end.

Tahsir structured his car acquisition accordingly, choosing a few expensive cars and half a dozen cheaper ones. This makes perfect sense! The middle is mediocre. Average is boring.

Fun Fact

Tahsir also got incredibly lucky with his dozen of the cheaper ones during an incredible promotion when the manufacturer was overstocked on a particular model, the Chevrolet Cruze.

To make it all work out, he found a partner at an airline parking lot who would handle many of the pickups and returns for renters visiting from out of town. He spent a lot of time communicating with customers from his page on Turo, but that communication was the majority of his hustle workload.

Resources

CREATE YOUR ONLINE STORE

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GET YOUR FIRST 1,000 EMAIL SUBSCRIBERS

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Quote of the Day
"Imagine leasing a Chevy Cruze for $18 a month and renting it out for $35 a day. You don’t have to imagine it, because that’s pretty much what I’m doing."
—Tahsir Ahsan #SideHustleSchool

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To infinity and beyond,

Chris Guillebeau