What’s good Wealthbuilderz It’s yah boy DeVaughn back again with another video and blog post. Today we are talking about How To Start Your Own Rental Car Company So let’s go!!!
Ok before we get started with How To Start Your Own Rental Car Company. Make sure you subscribe to Wealthbuilderz TV
1st Step
Sign up to these three rental car ride share apps. Turo, Get Around, Hyrecar, When you sign up make sure you take some really good pics of your vehicle. I say sign up to more then one company because you want to maximize your potential in getting customers.
2nd step.
Get your self set up with a llc. You can use the money that you make to rent your personal vehicle to set up your llc. Now that you have an llc you are set up for success.
3rd step
Now the 3rd step to starting a rental car company is for the true business wealthbuilderz. You can take your llc and apply for a loan or line of business credit from a bank. Take that loan and buy a used vehicle cash. Than have that vehicle for the soul purpose of being a rental vehicle. Then once you get the ball rolling with that vehicle you purchase another one.
Extra Step
Go and get your self a dealer license that’s so you can buy cars at cost. Now you can buy more cars and have more options when renting cars. This can turn into a serious passive income.
You can even rent these cars out to Uber and Lyft drivers. Do you see how this can turn into a life changing business ?
Until next time it’s yah boy DeVaughn signing off for How To Start Your Own Rental Car Company Do remember Wealthbuilderz Make more, Save more, Build more.