J Vasquez has me ready to rent my car! Any thoughts on logistics?

[Nicole Heasley Beitenman]

I just listened to the most recent BP podcast feat. Jesse Vasquez. I LOVED his advice on offering a rental car to MTR tenants. 

Renting out my car is not a new venture for me. I did it for a little over 2 months through Turo while my husband was deployed. It worked out very well. 

We're now in need of a larger car because we're having twins in June. My plan was to keep my old car to rent out and mitigate or eliminate the new car payment. Jesse's idea to market to my MTR tenants is perfect. We are launching our first MTR May 1st. 

Here's my only concern--If the tenant doesn't want it, or we don't have a tenant at that time, I want to make the car available to the general public via Turo. I'm going to run into a situation where a tenant is coming on a Wednesday and needs the car, but it's already rented via Turo through Friday. Any suggestions on coordinating the rentals?

[Denver McClure]

Hey Nicole! I rented out my spare vehicle for 2+ years on Turo, glad to see you're trying to maximize your income streams as well!

Once you lock in a MTR lease, I would offer the car rental option for a certain number of days (5 for example) following the signing. If after 5 days they don't request the car rental, then you should feel comfortable posting it on Turo for the general public to book. You can always inform your tenants of vacancies so they can book the car between public bookings. I would just recommend that you only allow tenants to book via Turo to ensure you have the proper insurance coverage.