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Feb. 27, 2024 - Fresh & Fit

01:39:47

How To Start A Car Rental Business ft. Murci Luxury

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	Thank you.
	And we are live with What's up, guys?
	Welcome to Fresh Your Podcast, man.
	It is Money Monday.
	We're going to be talking about how to run a rental car business, guys.
	I got something for y'all.
	Let's get into it.
	Let's go.
	Rumble.com/freshandfit Also check us out on CastleClub.tv guys That is where all the behind-the-scenes content is that you can't find anywhere else, whether it's us kicking out annoying-ass girls, giving you guys behind-the-scenes of what we're doing when we're foreign, or traveling, or whatever it may be.
	It's on CastleClub.tv.
	If you guys want to go ahead and get involved in a show, check us out on FNFSuperChat.com or RumbleRantIn your questions, either or.
	I know some of you guys, it's difficult for you guys to RumbleRantIn, but we're live on all the platforms right now, Rumble, Twitch, Twitter.
	Facebook, etc.
	So make sure to check us out over there.
	And yeah, man.
	Go ahead and get involved because this is going to be a good one.
	I actually got my notebook here.
	I'm going to be taking some notes because this is not my expertise, guys.
	So I'm going to turn this to Fresh and Jayden and talk about this mostly.
	And I think...
	Oh, yeah.
	Check me out on X, guys.
	Unplugged for X. I post on there all the time.
	Yeah.
	That talk to me was hilarious.
	Okay, let's continue on.
	Then check out my other one.
	It's FedReacts, guys.
	As you know, I break down criminal cases on here where I talk about different types of things.
	Yesterday I did Chris Dorner.
	The full episode is over on Rumble with the timestamps, guys.
	I had to obviously cut a portion of it because the documentary that we were using got hit with a, you know, they suspended a stream.
	It's very lame.
	So, you know, it's all on Rumble, rumble.com slash FedReacts.
	Check me out over there.
	And guys, if you want to see our trips to the UK, Romania, and Vegas as well, to the vlog channel, we did a bunch of stuff during those trips.
	Go check it out.
	And as well, guys, if you want more access to millionaires who are successful, Zoom calls and masterminds, if you want to see your network, we're actually doing a Zoom call with a special guest this week as well.
	I won't say who it is, but we had Andrew Tate on recently.
	We had Justin Waller.
	A bunch of creators here as well.
	So go check it out.
	Real value in there.
	I'll see you guys in there.
	And also, any updates?
	Want to get to them?
	This week's guess?
	Oh, yeah, we got Rampage coming in on Friday.
	That's going to be lit.
	Rampage Jackson.
	MMA champion, H.A.L. legend.
	He's going to be here on Friday.
	And then we got Jake Shippen on Monday.
	So that's going to be lit.
	You know, got some UFC legends coming through.
	Jake might bring a special guest with him.
	We'll see.
	You know, he's very camera shy.
	We'll see if we can get him on to talk as well.
	Yeah.
	But we got some big things coming for y'all in the next week, man.
	So Rampage this Friday.
	Jake Shields on Monday.
	And then Wednesday, that's the what?
	13th?
	Yeah.
	We got a debate with H3. Yep.
	Isn't that crazy?
	Yep.
	We're going to debate H3 on the 13th.
	We're opening new doors, man.
	Yeah.
	And then that's going to be on their channel.
	Yeah.
	Me and Ethan are going to go at it.
	I guess he finally decided to not be so scared and have a discussion with me.
	Yep.
	And then on Friday, we got another special guest coming, which I'll reveal that later on.
	But yeah.
	Some big Ws.
	Yeah, we got some big Ws for y'all, man, for all the haters that keep saying, oh, man, you guys don't beat up.
	So it'll be a good time.
	But.
	Without further ado, welcome!
	Jaden Bloom from Mercy Luxury, brother.
	Welcome to the show.
	Thank you, bro.
	Thank you for having me.
	How are you doing?
	How are you guys?
	Not bad, man.
	It's Monday Monday, bro.
	Let's get it.
	Today's topic, car rental business.
	So tell us about your childhood, how you came up, how you got into the car space.
	For sure.
	So long story short, I'm from Vancouver, Canada, born and raised.
	My parents are from South Africa originally.
	They immigrated to Canada in 1994.
	I was born in 97.
	They came with nothing.
	My dad had a thousand dollars in his pocket when he came over there.
	And I remember growing up, I mean, my dad was working three jobs at once, going to school.
	When I was four or five years old, I remember so vividly seeing all of that.
	So I saw him start from nothing, build, build, build, and he became very successful for himself.
	So from a young age, man, I knew I was going to be an entrepreneur.
	I've been around it my whole life.
	Went to school.
	Hated school.
	Never did well.
	Never got really good grades.
	Went to college.
	I have an arts degree.
	I actually have a major in criminology.
	Kind of interesting.
	Oh, wow.
	I didn't even know that.
	Yeah.
	So I was thinking about law school, and I've always been interested in the criminal stuff.
	So I thought it was going to be kind of cool.
	But yeah, man, I never really enjoyed school, and I've just been around an entrepreneur my whole life.
	So I was like, yeah, I need to do something entrepreneurial.
	That's where my passion is.
	But I never knew what it was.
	So, did all that.
	So, why Florida and why cars?
	So, Florida, I visited Miami in 2021 a little bit and just absolutely loved it down here.
	The weather, how fast-paced it is.
	The girls.
	The girls, the cars.
	But I just fell in love with it, man.
	After COVID, Canada, I knew I needed to leave Canada.
	Canada just used to be such a good country.
	Our dollar used to be stronger than the U.S. dollar at one point.
	Bro, it's so bad now, bro.
	It is terrible.
	COVID was kind of the tipping point for me.
	So, COVID happened.
	I actually left Canada during COVID. I went down to Mexico for two months because I was fully open.
	Worked down there.
	I was just living down there.
	And just came down to Miami and loved it down here.
	But cars, I've been a car guy my whole life.
	My dad's a big car guy too.
	So, like the entrepreneurial side, I saw the car side.
	He never really had nice cars when I was younger, but same as his businesses getting better and better.
	His cars started getting better and better.
	Just always been super fascinated around that.
	But yeah, just loved cars my whole life.
	So we met a while back, actually from the valet downstairs.
	And he was talking about this company that does rentals.
	I'm like, who are these people?
	I see them everywhere on Instagram, always on TikTok going viral.
	And he's like, yo, I'll give the intro.
	So then I met Connor and you.
	And it was kind of like, you guys are killing it here in the game.
	But when do you get into that business and start Mercy Luxury?
	So I knew Miami was a really hot market for exotic car rentals.
	And if I'm being honest with you, this wasn't a business.
	I never thought this business was going to get to where it was now.
	Connor and I started as a side hustle.
	We had two cars.
	I had a BMW on a lease.
	That was my only personal car.
	He had a BMW. We said, you know what?
	Cars are hot in Miami.
	People are renting all the time.
	They sell them on Turo.
	Let's see what happens.
	And they're making good money.
	You know, they're paying for themselves every single month.
	Turo was sending us clients.
	We weren't making a whole lot.
	Very hard to build a business on Turo.
	Real quick, what is Turo for the audience that doesn't know?
	So it's like a rental car platform.
	So you can list your personal car in Turo.
	And they provide their own insurance.
	They take a big cut.
	So they take 25% of your revenue.
	But they bring you clients.
	So it's kind of like Airbnb.
	You can post your car.
	People can scroll.
	They see your pricing.
	They want to book it.
	They book it.
	Can you tell us the upside and downside of using Turo instead of your own company?
	For sure.
	So very hard to build your business on Turo.
	There's a lot of competitions, very saturated.
	So prices you can get in the private market, you can't get on Turo.
	They're a lot, lot cheaper.
	And then, like I said, yeah, Turo just has a lot of fees.
	They take a pretty high percentage.
	You can only pay credit card.
	They have age restrictions on certain cars.
	So Conor's M5, nobody could rent that under the age of 25.
	And 90% of our demographic was under the age of 25.
	So it really killed a large part of our potential clientele.
	I think for any young guy that's coming up in the car scene, you start with a BMW. That's what you want to get to, at least.
	100%.
	They're easy cars to get into.
	For me, my first lease was a BMW, $0 down, and I paid like $900 a month for it.
	I was renting it on tour for $200 a day, and I was going on 15 days a month.
	And just for the audience to understand, because first you didn't mention this, that you guys are actually business partners, and you guys do the car rental stuff together.
	Yes.
	Just for the audience to understand, because they're probably trying to figure out, like, wait, what's going on here?
	So, yeah, Fresh and Jayden worked together, guys, with their car rental business.
	Jayden started off, and then I think you brought Fresh on as a partner, if I'm not mistaken.
	Is that pretty much what happened?
	Yeah, so we connected in the valet, and Fresh has his Cullinan, and we just started kind of pushing that.
	And yeah, I mean, he kind of saw the potential of the business.
	He kind of saw the people that...
	I was able to meet on a daily basis just from this business alone.
	The networking is incredible.
	I'm sure.
	I'm into obviously going to events, making connections, but having the cars as an asset towards meeting people is key because, listen, you meet celebrities, you meet people that are business people that are from out of state, come into Florida, they want to have a nice car to drive around, and they're very well educated too as well.
	So it's like you have a variety of people from cars alone.
	100%.
	My whole network down here is pretty much from Mercy Luxury.
	I mean, Floyd Mayweather got invited to his private party over the weekend.
	It was fun, by the way.
	I know, I should have gone.
	Yeah.
	But that is somebody I would have never been able to get in touch with or in contact with without the cars.
	Yeah.
	He goes to you guys for rentals, right?
	Yeah.
	He's rented your car a few times.
	Yeah.
	And then Lunai.
	Lunai, that's like one of my boys now.
	He messages me almost on a daily basis.
	Legendary.
	Huge artist in the Hispanic scene.
	Millions.
	Yeah, 11 million on Instagram.
	Girls love him.
	Songs with Bad Bunny.
	I had no idea how big it was until Mr.
	Jones.
	It was flooded with girls, bro.
	I'm like, alright, this guy's a reggaeton artist.
	Obviously, we got girls, but the extent of girls that were there, it was incredible.
	Incredible.
	The whole table was full of girls, bro.
	Every single table.
	Oh, and they're going crazy.
	That's when it's a W. Yeah, bro.
	Lining up, waiting to get a picture with him.
	Yeah.
	But, like, just because I gave him a car for a day, instantly plugged in with him, tapped in with him.
	That's why I got Floyd Mayweather.
	Like, Richie, his manager, literally knows everybody.
	He'll send us whoever we want.
	Yeah.
	And we'll tell them, hey, bro, can you set this up?
	We'll give him a car for free.
	And he makes it happen.
	So, I mean, just the cars alone.
	Because I'm, you know, before I came to Miami, I had no personal brand, really.
	People didn't know who I was.
	But the cars have really given me an insane personal brand in such a short amount of time that I didn't even see coming.
	Exactly.
	I think for a regular person, if you can get access to these cars, even, for example, getting a loan or having a business itself, that door that opens up for you is incredible, bro.
	I'm telling you.
	It's amazing.
	So, question for you, Jayden.
	In terms of rental companies, what's the upsides and downsides of this business, for example, the benefits and downsides?
	For sure.
	So obviously, one of the benefits we touched on, the networking is by far number one for me.
	I personally think this is a business I'm always going to keep around because of the people I get to meet and have access to.
	Obviously, the upside, the cash flow is incredible.
	You know, we've really perfected our business model, where now we don't really buy cars ourselves.
	We just get investors to either give us cars or purchase cars for us.
	And people think that's extremely hard to do.
	It's the easiest part of the business.
	People every single day are messaging me, hey, bro, I have these zeros.
	I'm paying $4,000 a month.
	Can you guys rent it out for me?
	Hey, bro, I'm spending a bit of capital.
	I'm interested in getting a vehicle.
	What do you guys need?
	I had an NBA player hit me up the other day.
	He played in the NBA. He's playing in Tel Aviv right now.
	But he's the exact same thing.
	He said, bro, I've been watching you for a little bit.
	I've seen you blow up.
	I'm ready to get you a car.
	So I think he's going to get us an S580 Maybach.
	We're working on that right now.
	But people all the time are asking me what cars we need.
	And I'm actually closing the doors for investors because we have too many vehicles.
	We're at about 35 cars.
	And I would say like 23, 24 stay here at the SLS with us.
	Okay.
	So people will just be like, here's my car, send me money every month, and that's it.
	And bro, you're being humble, man.
	I would say right now, Mercy's like the top luxury rental car business in Miami.
	100%.
	I think so too.
	That's known.
	That's known.
	Yeah, for sure.
	We're definitely up there with MPH Club and MVP. I think we have more cars than them.
	We're definitely doing the same numbers revenue-wise.
	And I'm working on a car this week.
	Hopefully it's coming this week or next week.
	That's just going to...
	I mean, we're just going to take over with this car.
	We're going to be the first ones in...
	You don't want to say what it is?
	No, I don't want to jinx it.
	Let's say it's a very special Lamborghini.
	Let's just say it's a Lambo the Fresh used to have.
	Yeah.
	So if you guys can put that together.
	SVJ or something, probably.
	SVJ. SVJ, yeah.
	So there's only one company in the U.S. that had one, Royalty Exotics.
	Shelter, Houston, by the way.
	Houston, huge YouTuber, has like a million subs.
	They're the only company in the United States that had an SVJ, and the marketing alone with that car is just incredible.
	And that's kind of where I was touching on with the investors, and investors purchased that car for us.
	$630,000, and he's going to put like $150,000 down and just, boom, rentals.
	But that speaks to the faith and the belief behind the company because if that type of money is going into cars alone, the revenue share is amazing.
	Cash flow.
	Exactly.
	He already has two cars with us that are doing really, really well.
	So he's not even concerned about getting a car of that extent because he's already seeing...
	He has two cars worth about $400,000.
	They're out every single day.
	So for him, it's like, you know what?
	I already know these two cars are doing well.
	I know this car's going to do well.
	It's...
	You know, there's no risk.
	And insurance is always covered when the cars go out.
	So there's really no risk to these cars.
	Obviously, something happens to a car like that, it sucks.
	You know, it's going to depreciate if it hits the car fax.
	But we make up for that on the insurance side of things.
	So we hit the insurance for depreciation, for loss of use because it's a rental, all these different things.
	And we ask the company prior to make sure that the client's coverage is covered on all of those three things.
	So you said when you started out, you had two BMWs.
	What kind of BMWs were there?
	It was an M2 competition and an M5 competition.
	An M5, you said people couldn't rent it unless they were 25.
	Exactly.
	And that was on Turo, right?
	Because I wrote down some of the stuff.
	You said it's hard to profit.
	Right?
	Because there's high fees.
	And then there's a bunch of stupid rules that get in the way.
	And then what else?
	And as you said, it's hard to build a business.
	Hard to grow.
	In general.
	Because it's saturated.
	Exactly.
	With a bunch of people.
	Exactly.
	So the best way to go now, because I remember Turo was like a huge thing in like 2020.
	Everyone and their mom was playing their car on Turo and making a bunch of money.
	But I guess they buckled down on that and they started like charging more money, 25%.
	Exactly.
	I had a friend, actually, that made a massive business on Turo, right?
	He did, I think, a bill in like five months.
	The problem was support.
	So he had an issue with the app not taking payments anymore, and he called support.
	Bro, took him two months to respond to him, and he lost his business.
	Think about it.
	You're making money daily from the app.
	They can't pay you anymore.
	What do you do?
	You're screwed.
	Why couldn't they pay him?
	Some issue with the programming or whatever.
	And it has to be, you said, a credit card on there?
	Yes, the only way to pay is credit card.
	Whereas a lot of our clients now, they'll send us Zell's, Cash App, Cash, all sorts of different payment, you know?
	Okay, so you guys are a lot more flexible in how you accept payments as well.
	Way more flexible.
	Way more flexible.
	Interesting.
	So if someone...
	Okay, so I see that you guys are niched in the luxury car area, you know, exotic cars, luxury cars, because you could charge a way top dollar, right?
	Exactly.
	And assuming, like, since you guys charge so much per day, they probably only keep it for a few days at most, right?
	Exactly.
	And all they want to do is flex.
	So they're not even putting a lot of miles on these cars as well.
	Yeah.
	You know?
	They're driving in this local area.
	Exactly.
	And I hate it.
	It's the Miami culture.
	They want to go pull up to Poppy Steak, Valet.
	Let's be honest, bro.
	Some bad bitches.
	And then that's it.
	They get the car.
	They pull it to, let's say, even Gecko.
	They pull up Sexy Fish.
	Yeah.
	Park there.
	Go to the club.
	And go back home.
	That's pretty much it, bro.
	That's it.
	So very low risk for you guys.
	Yeah.
	Exactly.
	Interesting.
	But to be honest, when I first started this business, like every business, right?
	You go through the headaches.
	You go through the ups and downs to really perfect your systems.
	So, when we first started blowing up in the summer, the summer months are a little slow down here, so we're getting a lot of local clientele.
	And down here, the local clientele are the guys that are going to cause the most issues.
	So, we were getting guys renting URSS for two days, putting 700 miles on the car.
	I mean...
	I'll be transparent.
	I had two situations where I had to...
	Because we have kill switches in all of our cars.
	I had to kill the engine and go pick the car up because I thought something shady was going on.
	And you learn all these things, right?
	You get your feet wet.
	The only way to learn is through experience, I personally think.
	So we experience all of that.
	We learn to now.
	We only have very solid clientele, like high-end, like black AMX kind of clientele, which is awesome.
	So you guys are not renting out cars to just anybody anymore?
	No.
	We do thorough background checks.
	We really make sure.
	Even if somebody has a criminal history from years ago, we won't rent to them.
	It's just not worth the headaches.
	I had a guy that's pretty famous that wanted a car and he told him no because things weren't in order.
	He had no insurance.
	And that's another thing.
	A lot of people do no insurance down here.
	No insurance, no deposit.
	But doesn't a rental company have insurance?
	No.
	So they need their own insurance.
	Yeah.
	So the way it works down here, which is how everybody does it, is it's super hard to get commercial fleet insurance for exotic cars.
	That is another issue with Turo is I personally can't list a car with $75,000 in value.
	They won't accept it.
	Their insurance company that's on board with them won't cover any car with 75k.
	So that's another thing I wanted to say.
	Turo is great if you have one or two cars like a Tesla Model 3, you know, lower end cars that you're not using and you just want to make a little bit extra on the side on top of your current income.
	Turo is great for that.
	But if you want to build an actual business, like an actual fleet, an actual rental car company, Trill is not the place you want to do that on.
	It's just too difficult and you will not make good money and you will not scale that quickly.
	Profit margins are low, too many rules, saturated, yeah.
	Exactly.
	And then you can't use higher-end cars, which are the ones that you're able to demand the most top dollar for.
	Exactly.
	So let me ask you this then.
	So if someone, because obviously people are watching this right now and they're like, well, damn, this is great for you guys, but I don't got fucking five Lamborghinis that I can rent out to Flay Medwether and his friends.
	If someone wanted to get started, right, and they wanted to maybe rent some of the cars that they have, maybe they have an extra Jeep in the house somewhere, maybe they got a Jeep Compass, a Mercedes C-Class, you know, like these more entry-level luxury or regular type cars, and they wanted to kind of do this as a side hustle, how would they go about it?
	So, obviously, what I recommend is start on Turo, because that's going to give you the best experience in terms of what goes into renting a car from A to Z. The goal is to get off Turo as quickly as possible.
	So you want to get your feet wet on Turo, kind of learn the business, because the business off Turo is very similar, right?
	Clients will either pick the car up, you'll go deliver, you'll make sure the car is good, you do their inspections.
	Something that Turo does, which is really good for people starting out, is they make you take like 30 photos of the car, and they make you post it on the app.
	Okay.
	So it kind of teaches you, okay, what to look for in your before photos and after photos.
	Because if you don't do your inspection properly and something happens on a rental, there's no way you can charge the client because you have no prior proof.
	It's one of the examples where people picked up cars, but then when they brought them back, they were actually damaged.
	Yeah, I've had some of my guys, because I have a full team now.
	My business is pretty much automated.
	I don't do anything but work with investors, marketing, grow the business.
	The day-to-day operations are completely automated.
	I have a full team that handles that.
	And sometimes my guys will miss, you know, pictures.
	Like, something will happen.
	Something's so small, but there's no documentation.
	We've got to come out of pocket, and it's a huge issue.
	And it happens sometimes, you know?
	For sure.
	Like, Cullinan came back.
	It was my other guys.
	I have a great Cullinan.
	Came back with scratches all on the front by the grill, on the wrap.
	And to redo that wrap is going to cost at least $2,500.
	And he didn't think to, like, document on top of the wrap because most of the damage that happens to these cars are rims.
	Rims are basically the only thing that really happens.
	Rim scuffs.
	Rim scuffs.
	If something like a fender bender were to happen, we'd just hit the insurance because the deposit wouldn't be able to cover that.
	So I guess he kind of missed taking a video up top, and then we had to come out of pocket and fix the wrap.
	So I would wager, it's like a checklist you've got to follow for each car, so you get the best out of getting the car back.
	Exactly, because the last thing you want to do is having to come out of pocket on something that was missed.
	So Turo kind of holds your hand and tells you where to take these photos specifically to avoid these issues.
	Exactly.
	So it's a great way to, I guess, get the training wheels in and figure out how to go about this from the beginning.
	But you're saying, what would you say people should, how long should they stay on Turo before they say, you know what, it's time to transition out of there?
	I'd say once you get above two, three cars, try and get off.
	Especially if you have the goal of scaling and getting more cars.
	Okay, so two to three, get off there.
	Exactly.
	And one thing we were doing to try and get off Turo is everybody that would rent from us, we would hit them privately and say, hey, just letting you know, we can rent to you privately.
	We're growing our private rental car company.
	You get hit with fees, we get hit with fees.
	We can eliminate all those fees.
	There's no age restrictions, et cetera, et cetera.
	You get a better price.
	Better price.
	Exactly.
	And we can charge a little bit more and still it's going to be cheaper than Turo.
	Yeah.
	So that's the beauty of it as well.
	So, okay.
	And then the other thing you mentioned as well with Turo, the benefits is like they kind of handle the marketing for you because you're able to advertise your car in their marketplace, which obviously has a lot of eyeballs.
	But what you're able to do is convert those people over to your private side.
	Exactly.
	The nice thing with Tro 2 is obviously every rental, people will give it a five-star review, right?
	Yeah.
	So the more reviews you have, the higher they push it to the top.
	So the more people that rent, the better reviews you have.
	You're just going to be sitting at the top all day and people are going to rent from you all day.
	Is it possible to have your Turo profile still active, which are two or three best cars there, while simultaneously still running your business on the side and, I guess, drawing people from Turo over to your private business so that you kind of get this influx of people always coming in because you're getting fresh clients?
	100%.
	And we still do that.
	We have about five, six cars listed on Turo for the marketing purposes, for them to come off of Turo and rent from us privately.
	And it happens quite often.
	But the problem is you don't depend on the app.
	If you depend on it solely and it messes up, you're screwed.
	Gotcha.
	So the goal is...
	Get in with Turo.
	Get your feet wet.
	Get your two to three cars in there.
	Once you expand past three, create obviously your side business and then try to pull as many people off of Turo to your private business.
	Because the thing is that what I've noticed with car rental companies, kind of like with hotels and shit like that, If they come to you the first time and you give them a good experience, they're more than likely going to use you every single time, bro.
	And they refer people to you as well.
	Yes.
	Exactly.
	People don't like to go and try something new when it comes to hotels or whatever.
	When they go to a place that they've been before, they always go to the same people.
	So that would make sense that they would go and use you every time.
	Mm-hmm.
	And also, here's the benefit, too.
	Let's say we build a relationship between myself and the company that rents me cars.
	Well, guess what?
	Let's say I want a car that's maybe higher priced.
	Hey, bro, we're people.
	We work together all the time.
	Give me a discount.
	You may get a discount.
	You may get extra cars, whatever it may be, but that's the relationship you build that person and the company.
	So let me ask you this then, because obviously you guys are doing this at a way higher level with the luxury stuff, but for the regular people that are watching this, they're going to want to know this.
	What are some good entry-level cars that people can start with that might not necessarily be luxury, but they're able to appeal to a wide array of different people that might want to rent from them?
	For sure.
	Very good.
	So I think perfect entry-level car is like a C63S. Yeah.
	You get a 2019.
	Yeah, okay.
	Can you bring it on a screen?
	Great car.
	Yeah, let's pull it up on screen for people.
	What car that is?
	Great car.
	I can get into it super easily.
	I mean, they're like anywhere from $45k to $60k right now.
	Convertible?
	Yeah.
	Convertible.
	Convertible.
	Mercedes C. Yeah.
	And it's still such a nice car.
	That car brand new goes for like $120k, $130k.
	You know, something I actually threw this reel up yesterday.
	It's actually kind of popping off right now.
	Yeah.
	Cool.
	Mercedes C-Class.
	Convertible.
	Okay.
	I've been telling people, look for cars that have already depreciated 70-80% because any maintenance that's going to come for that car isn't going to be the same as buying a brand new car and it depreciating 50k.
	You might put 5-10k in maintenance into an older car, but you're going to lose 40-50k on a newer car, if that makes sense.
	I can see why this would be a really good entry-level car.
	Yeah, and we actually have one in the fleet.
	Okay.
	So payment on that's like $1,000 a month and that car goes out for $350, $400 a day.
	So you're talking three days and you're in the green.
	Imagine 15 days on that car.
	Yeah.
	So the car pays for itself and extra income.
	Yeah.
	Exactly.
	And I can see why people would want it because it still has that nice luxury look.
	It's still sleek, especially if you get a certain colorway maybe.
	Exactly.
	Actually, we had a student in my network that got an Aston Martin that's doing pretty well too as well.
	Same, it's below 100k.
	Below 100k.
	It's a really good car.
	G's Bond, by the way.
	An Aston Martin under $100,000.
	Yes.
	Wow.
	That's also kind of a little bit of a hack right now is they depreciated...
	That's a gem, bro.
	That's a gem.
	I know.
	That's a free game.
	The audience might not even know that.
	Like, yeah, you guys know that you could get an Aston Martin for under $100,000.
	Aston Martin Vantage is one of the best, I think, entry-level cars for anybody.
	It's a $200,000 car, brand new.
	And speaking about Aston Martin Vantage, we're actually giving away an Aston Martin Vantage right now.
	Yes, we are actually.
	So, funny story.
	I met these guys a couple months ago.
	I've seen their business model.
	I've seen how they operate.
	Very honest guys with integrity.
	And I was like, yo, bro, how do we give out to people that support us?
	You know, freshman fit, mercy luxury.
	And we decided to do a giveaway of one of our cars.
	So, this is a clip, actually, we could play, if you don't mind, Bills, on the page whenever you're ready.
	It's the real.
	Yeah, the real, yeah.
	Shit, man.
	Yeah, I was shocked when you told me that you can get an ASMR for under $100,000.
	I'm over here thinking, like, that's a $300,000 car.
	You'd be surprised.
	Bond, like, you can't get one of these.
	You'd be surprised how many cars look expensive, but are really not.
	Yeah.
	Yeah.
	Here we go.
	Let's load it real quick.
	Backstreet Podcast.
	Today we're giving away the Aston Martin Baptist.
	That's right.
	That's simple.
	Get to Miami.
	Get a free car.
	And as well, take care of your pocket.
	Simple answer, guys.
	Scholars.
	Link below.
	See you guys in there.
	Peace.
	You can stop there.
	There's an issue, so we'll see.
	Let's see.
	Let's see if we're back.
	Thank you.
	Wow.
	Alright, I think we're back now.
	Cool.
	Oh, wait, wait.
	We're on the after-hours template though, but it's okay.
	Just run with the after-hours template.
	Yeah.
	You can't fix it?
	Um...
	I gotta try.
	Yeah, see if you can.
	Alright, yeah, guys, I think we're back.
	Sorry about that, guys.
	I don't know what the hell happened there.
	That was so weird.
	That was weird.
	But, yeah, it was right after.
	So, yeah, it was a raffle that you guys got going.
	It's two bucks for them to join.
	Yeah.
	If they want to.
	And link down below.
	Yeah, if you guys want to.
	But, yeah, so we're talking about entry-level cars for people that want to get into business.
	Yeah, yeah, yeah.
	So you mentioned a Mercedes C63. C63. C8's a great car, too.
	The what?
	The Corvette.
	Awkward.
	Okay.
	Yeah, you can get like a 1LT, which is a really solid car for like 45, 50 grand.
	That's a really hot car down here.
	In any market, really, it's just a, it's like a, everybody calls it a poor man's Ferrari.
	It's such a beautiful car for such a low ticket.
	A lot of people like Corvettes.
	Yeah.
	It's like, you know, American muscle and everything else like that.
	So, okay, so you would say, hey, if you want to start entry-level Corvette, Mercedes C, what if they, maybe they live in a more blue-collar area, people don't want to be as flashy, what are some cars that they can get that?
	So cars that are always solid to you are like Suburbans, Escalades.
	So I have a few students right now that live in like seasonal areas.
	Boston, Chicago, New York City.
	And cars that I'm telling them to go for as their first and second cars are exactly that.
	Escalades, Suburbans, Tahos.
	Because those cars are going to go out in the winter and the summer.
	They're not seasonal dependent.
	Whereas something like a C8, any sports car is going to be seasonal dependent.
	That's why their Lambos, the Ferraris do so well in Miami is because you can drive them.
	12 months a year.
	And people come here with money to spend all the time.
	Can we also mention about getting new cars and why you shouldn't buy a new car?
	You made a video about that as well.
	I did.
	It's actually talking off right now a little bit.
	But basically what I was saying is When you buy a new car, it's going to depreciate no matter what, right?
	You buy a car at zero miles, even with 800 miles, it's depreciating, you know?
	So when you buy a car that's already depreciated a lot, you're basically buying it almost at the end of its depreciation cycle.
	So the only thing you've got to worry about is maintenance, but even then, if you have a good mechanic and you're not taking the car to the dealer, because the dealer's always going to rinse you.
	If you have a good mechanic, everything's going to be super cheap.
	Okay.
	And I'm assuming you already have a mechanic in-house.
	Everything.
	Right.
	So would it be fair to say that once you get your two to three cars and you're making some money, you probably want a mechanic on the payroll immediately?
	That's the first thing you should get?
	On the payroll or just a really solid relationship with a good mechanic.
	Someone that you can go to.
	Can we go through the actual checklist for getting a car?
	Like, for example, trackers, insurance check.
	For sure.
	So I'll give you an example.
	I have an investor who gives us a car.
	First thing we do is get trackers in that car.
	So we usually put two GPS trackers and an engine kill switch.
	Like I said, we've only had to use a kill switch maybe two, three times.
	Nothing's really ever happened, just I thought something shady was going on, so I used it.
	You thought they were going to steal the car or something?
	Exactly.
	I kind of got an inside scoop in that something was going on.
	Where was that when you killed it?
	Fort Lauderdale.
	Was it supposed to be up there?
	It was.
	But, I mean, yeah, there's a lot of sketchy areas out there, too, in Fort Lauderdale.
	But there's been horror stories of people renting cars, or renting out cars to people, and they drive to, like, Georgia or somewhere far away, and you never see that car.
	Pop Smoke did that shit.
	There you go.
	You drove it from, like...
	You see that?
	Yeah, he shipped it out.
	People don't know that.
	He got indicted for that.
	He rented a Wraith for a music video, and he shipped it from L.A. to New York.
	Yeah.
	Savagery, bro.
	Savage.
	But that's what we do.
	I mean, we do our...
	That's a nightmare for you guys.
	Yeah.
	We do our verification checks, like, from A to Z. Like, we have every single piece of documentation necessary from that person.
	So if they did something like that, I mean, we have their driver's license, their everything.
	Okay.
	You know, to really, like, go after them and make sure we get compensated.
	Yeah.
	Because people might be like, oh, bro, I got a car, bro.
	You're a friend.
	I'll give it to you.
	Bro, you don't know what a person's going to do, what they might be about.
	So this is actually really important.
	So for some of you guys that want to start this, so, okay, so you acquire a new car, right?
	And you're like, you know what?
	I want to start this.
	And even if you put it on tour or whatever it may be, do they need to do this even if they're on tour?
	Or do you suggest that they do this?
	Yeah, of course.
	Yeah, they should do it even on Turo.
	Okay.
	Just to be safe.
	Yeah, so does Turo require you to do this?
	No.
	Put these things in?
	Okay.
	But you should for your own safety.
	Okay, so you said two trackers, a kill switch.
	What else?
	That's pretty much it.
	Those two things?
	Okay.
	And it runs you about $1,000 for that.
	Oh, that's not bad.
	That's not bad.
	That's pretty much your only startup cost.
	That's your upfront cost.
	Okay.
	Yeah.
	To throw it in the car.
	Any certain brands that they should get as far as trackers or certain kill switches that they should get?
	If they're local in Miami, I use iTrack.
	iTrack's the best.
	They're based out in Hollywood.
	Shelton Louise?
	Yeah, Louise.
	Awesome guy.
	Awesome guy.
	He's probably done over 40 cars of mine.
	Made him a lot of money.
	But yeah, he's solid.
	The best trackers.
	He really installs them properly.
	I've had a few instances where I could tell people were looking for the trackers and they couldn't find them.
	Oh, and he's putting two of them.
	So if they find one, there's another one.
	Exactly.
	Oh, shit.
	And then the kill switch, and it costs, you said, about a thousand bucks to get this all done?
	About a thousand bucks.
	Okay, and iTrack, I'm assuming they put the kill switch in there too.
	They do.
	They do all of it.
	Yeah, so they have different levels.
	Level two comes with two trackers and a kill switch.
	Level one is just like a tracker.
	Okay.
	But they have all the way up to level five.
	So depending on what your risk tolerance is...
	Like, I've been doing this for so long, and I know I have such good clientele.
	If I don't feel like I need to do a level 5 or a level 4, I'm good with a level 2.
	But if you're just starting out, and you're building your clientele, and, you know, you have no prior experience, definitely get a level 4 or level 5.
	Or if you're in a higher crime area, maybe you're in a Detroit, would it be better for you to get like a...
	Exactly.
	That's a good point, too.
	If you're in a higher crime area, for sure.
	Look at the point of view of the actual renter.
	Okay, this guy's green.
	He doesn't know too much about business.
	Alright, bet.
	This is a Rolls Royce or a Mercedes.
	Oh, I can take this car and just dip.
	They would, if they could.
	Free car.
	It's crazy.
	Some of my competitors, I'm not going to name them, but I've heard of them doing like insane verifications.
	One of the big guys out here, what they'll do is, they have a showroom, so they get a lot of walk-ins.
	They will judge people based on if their fingernails are clean or dirty.
	And if their fingernails are dirty, they won't rent to them.
	Yeah.
	It's actually good to say, hey man, I agree with that, bro.
	You know why?
	Because people that got dirty fingernails, they be doing some bullshit a lot of times.
	And they won't take care of the car.
	They don't take care of themselves, why would they take care of the car?
	Yeah.
	So, I mean, people do, like, they go to, like, extreme extents to really verify their needs of their clients.
	And there's a scam where girls come in to rent a car.
	Now, obviously speaking, if a girl's coming in to rent the car, she wants maybe like a Porsche or something like chill, but if you get a Lamborghini for yourself, it's like- Red flag, right?
	It's like, why are you there by yourself for a Lamborghini?
	Yeah.
	You know what I'm saying?
	Like a Ferrari is like, huh?
	You know about cars?
	Yeah.
	I hate to say it, when females rent, it's a little bit of a red flag because I would say 50% of the time they're renting for their boyfriend who doesn't have insurance.
	Yes.
	Or a dude's agony.
	Or a P-I-M-P saying, yo, go get this car for me.
	And then they run off to Georgia, and forget that your car's gone.
	I mean, you trackers all the time.
	Okay.
	Yeah, my guy, Louis, who works for me, he had to go get a car from Atlanta one time because they drove it all the way to Atlanta.
	Wow.
	He had to fly there and get that car back.
	Not one of my cars.
	He's been doing this for years.
	Yeah.
	He's been doing this for seven, eight years.
	It was the other guy he was working for.
	But yeah, he's had some crazy stories.
	Pulling up to people at warehouses, 20 stolen cars in that warehouse, including one of his.
	They all have guns, like crazy stuff.
	So, okay.
	So we talked about once you procure the car, how to set it up for rental.
	How about getting the car in the first place?
	Should people go the financing route?
	Should they go the leasing route?
	How should they go about getting the car in the first place?
	For sure.
	So financing is awesome because you're going to build your credit.
	You're going to build your history with the bank.
	That's what I would recommend.
	There's a lot of leasing companies that will give you cars for very little down, great terms and everything.
	They're going to be a little more strict when it comes to rentals.
	You have to be more careful.
	Obviously, you don't disclose that you're going to rent it, right?
	No.
	No.
	Procure the car and get the fuck out of here.
	Even in the contracts, the states, you know, this car is advertised, even advertised for rent, gone.
	So we actually ran.
	So this is another reason why I started working with investors.
	We were buying cars ourselves for the first, you know, five, six months because I had to build proof of concept.
	Nobody's just going to give me a Lamborghini to rent out.
	Of course.
	And we bought a year of $65,000 down.
	Bank found out we were renting the car and they came to the SLS with a repo order.
	What?
	And they came here with a repo order.
	They said, hey, first they were being weird about it.
	They're like, we work for Mercy Luxury.
	I'm here to change a tire.
	And Arturo downstairs who runs the valet called me and said, hey, there's a guy here and he says he works for Mercy.
	I thought somebody was trying to steal our car.
	I thought it was a client or somebody that heard of us, you know, being situated out here, was trying to steal one of our urs.
	So I said, don't give him the car.
	Don't give him the car.
	And then he finally showed the repo order.
	And I said, do not give him the car.
	So he left because he couldn't get up to the garage.
	Called the dealer that we worked with.
	I said, hey, what's going on?
	This is the situation.
	They're like, oh, you guys are good.
	Don't worry.
	Don't worry.
	I'm going to talk to them on Monday.
	I'm going to tell them everything's good, etc.
	Monday comes around.
	We didn't rent that car for the weekend.
	The dealer calls the bank.
	Apparently, they lied.
	They said, oh yeah, everything's good, don't worry.
	Called us, oh, you guys are good.
	Rent the car.
	Car goes out on a rental.
	Guy's eating lunch in South Beach.
	Tow truck comes, takes the car.
	Oh, shit.
	They had that bitch under surveillance, probably.
	Yep.
	Wow.
	So that's an issue, even myself now, because of the name that I have in this business.
	Yeah.
	Bank looks into me, they're going to see rentals everywhere.
	My Instagram, my everything, right?
	And they do their due diligence.
	Of course.
	The small leasing companies always do their due diligence.
	The bigger banks, not too, too much.
	Leasing companies are so good to work with because they'll approve you for anything.
	You can have five cards with them.
	Fresh has such a good relationship.
	With one of the companies that he works with, they'll approve him for anything, whenever.
	Whereas traditional banks, it's a lot harder.
	It's so credit dependent.
	And depending on what your debt to income ratio is, that matters a lot too.
	With these leasing companies, it doesn't matter.
	It's all relationship based.
	Okay.
	So, to get your business off the ground, it might be easier to go the leasing route.
	Because if you go the financing route, they can always come back and...
	I mean, would you...
	Are there some banks that allow you to rent it or do most of them say no?
	I think it depends on the person and what they can actually qualify for.
	That's going to determine because...
	Are any banks going to be okay?
	Realistically speaking, are any banks going to be okay with you renting it out?
	Yeah, like the bigger banks, if you get a loan from Chase, for example, they have so many loans that they're not going to look into.
	They're not going to keep on top of it.
	Leasing companies put trackers in their cars.
	So the cars a lot of times can't leave the state of Florida.
	They really wash these cars because they only have 250 cars out on the road.
	It's very easy for them to monitor every single car.
	So you just got to be careful.
	We have a lot of cars with leasing companies.
	Yeah.
	And we just don't post a license place.
	We don't post a VIN. We don't correlate that car with rentals whatsoever.
	A lot of times we'll wrap the car.
	We'll change the color.
	Okay.
	So all of those things really helped us.
	Even on a lease?
	Yep.
	Damn.
	Yeah, we have a lot of cars with leases.
	Okay.
	And we kind of know how to navigate around and we've never had an issue since.
	Okay.
	So leases are way more flexible if you want to get into this, if you're procuring a car strictly for this business, I guess.
	For sure.
	Versus financing.
	Well, that makes sense.
	The bank is going to come in and be like, yo, what the fuck?
	You're renting this thing out.
	We're going to...
	Because that's their money.
	Exactly.
	And the leasing company, too.
	Okay.
	So you just got to be a little bit careful.
	Trackers.
	We got insurance checks.
	We got walk around in the car.
	Anything else you need to do at the very beginning?
	Criminal background check.
	That too?
	For sure.
	So how should they go about doing that?
	Because obviously, right, you're not going to have access like NCIC and run a real criminal background check like the police do unless you have some connect.
	There's some great like public databases that you can pay monthly subscription for that will give you that person's history from like years ago.
	I can't remember what the name is on the top of my head, but there's one we pay like $3 a month for and it pulls up every piece of information on that person that you can imagine.
	And it's really saved us from rentals.
	I mean, I've had people Try and rent a Culloden with Grand Theft Auto from a year ago for $200,000.
	Oh, shit.
	You know?
	Okay.
	Like, crazy stuff.
	What are some non-starters that, like, if you see...
	I mean, obviously Grand Theft Auto, that's a no-brainer.
	Grand Theft Auto, 100%.
	Any, like, burglary, robbery?
	Okay.
	Anything with theft.
	Anything with theft.
	You guys are like, no.
	Exactly.
	Violent crimes?
	It depends.
	If it's from years ago, then it'll be okay.
	We still rent.
	We've had people fleeing from the police, driving without a driver's license, stuff like that.
	If it's from years ago, we kind of let it slide.
	But even then, a lot of the times, it's not even worth the risk.
	Shit.
	Okay.
	So you really got to like judge a situation, you know, by a situation.
	Because a lot of the times, we work with a lot of brokers.
	That's kind of one of the secrets too, is brokers send us a ton of clients.
	I mean, we're renting cars Monday to Sunday, like where people are sitting on their cars throughout the week.
	Because the week gets slow.
	Yeah.
	But we rent cars like crazy.
	And a lot of the times we'd be like, look, this guy has a bit of a history, but he's my boy.
	Like I vouch for him.
	He's good.
	Okay.
	And if we have a good relationship with that broker, we'll say, okay, we trust you.
	Because he's got other people too, probably that are fine.
	Exactly.
	Okay.
	Exactly.
	Yeah, because I mean some people do like turn around, right?
	Like they did some criminal dumb shit when they were younger and then they get older and they're like, oh, I changed my new leaf.
	I got a business now, I'm an entrepreneur, I got shit to lose.
	Exactly, people change, right?
	So from years ago, we let it slide, but if everything's kind of recent, you know, they have all these charges from like six months ago, eight months ago, three months ago, it's just a little bit.
	And you said your problematic clients are always the ones that are here.
	From Miami.
	Always.
	Not the people from out of state?
	No, because they come, they fly in, they take the car out, they kind of just do the Miami experience, and then they leave.
	Two, three days later.
	You know they're not going to steal the car because they're not from here.
	They're not going to try any weird stuff, you know?
	But the locals, it's like, why are you trying to rent a Cullinan on a Tuesday when nothing's happening?
	Yeah.
	It's a little weird, right?
	You're going to go drop 3K for two days on a Cullinan just for the fun of it?
	It's just a little weird, right?
	Okay.
	But it's the Miami culture.
	People just want to flex 24-7.
	Interesting.
	That's true.
	We got some chatter?
	Yeah, yeah.
	So guys, if you got any questions, get them in.
	I mean, that was like a huge, you know, 101 on car rentals.
	The real talk.
	David.
	Hey, FNF. Hey, Jaden.
	It's me, David.
	I'm from the Mentorship.
	Finally, this collab is happening.
	Y'all changed my life to real.
	I'm 19 years old.
	Credit score went from 60 to 80 to 730.
	Thanks, you guys.
	P.S. Fresh.
	When are you hopping on the call, man?
	I'd love to talk to you, bro.
	A hundred dollars.
	Let me ask you a question.
	Cause I have a rule with my real estate and my tenants, right?
	So like typically I want my tenants to be making 60 grand per year, bare minimum.
	And then now I want them to have like a 720 credit score higher.
	Cause I've realized no matter how much money they make, if they got under 700, they still do stupid shit and they're not responsible.
	They don't pay the rent on time.
	What are your requirements typically when you're dealing with a client?
	Let's assume that they didn't come to you from a broker and don't come with a good, you know, with a verification.
	What are your requirements?
	What are the credit scores that you're looking for and how much they earn per year?
	When they come and rent from me?
	Yeah.
	So we don't really look into that, to be honest.
	Okay.
	For us, it's just about, do you have a criminal background?
	Okay.
	Do you have proper insurance?
	Okay.
	What cars are you driving?
	We really look at the cars they're driving on a daily basis because sometimes we'll get a 2002 Honda Civic trying to rent a Cullinan, you know?
	So we really look at the car on policy.
	Oh, you look at the cars that they have.
	Oh, for sure.
	Okay.
	For sure.
	Because we want to also, a lot of these cars come with, you know, you need driving experience.
	If you're jumping into a hurricane, it's a lot of power for somebody that's never experienced that kind of power.
	Okay.
	So you guys will actually look at the cars under their name.
	Oh, yeah.
	Okay.
	Yeah.
	What are some red flags that you'll say, like, you know what?
	No, we're not going to make this happen.
	Since you guys don't look into, or do you do look into credit too or no?
	No.
	Credit, income, not relevant too much.
	No.
	You look into what they have and then...
	Where they're from, how long they're planning to get the car, what kind of car they're trying to take.
	Exactly.
	A lot of the times we'll get clients that want to pay cash, you know, 5,000 cash.
	And for us, it's like if they're paying, we don't really...
	It's not our job to figure out what they do for a living.
	If they have the money and they're good on insurance, then we rent to them, you know?
	So we don't really look into credit score.
	We don't look into what they do for a living and their income.
	It's just valid insurance, which is number one, number one.
	And then criminal background.
	And what type of insurance should they have?
	Will you guys take a liability only type of insurance?
	Like the bare minimum shit that most people have?
	They need to have comprehensive and collision insurance.
	Okay.
	Yeah, they need to have full coverage, comprehensive collision.
	And that is kind of what we need for them to be able to rent from us.
	And they need to have rental coverage.
	So those are the three things.
	Okay, so the regular liability that some people have wouldn't work.
	Especially with the cars that you're trying to get.
	Exactly.
	That you're renting out.
	What if someone was a beginner, should they also practice that as well, where they need full coverage?
	100%.
	And these cars, they can have their own personal insurance on the car.
	They can have the bare minimum insurance.
	I had a guy, he never wanted to drive the car, threw the car on the fleet.
	He had storage insurance on the car.
	So he's paying like $100 a month for that car, insurance-wise.
	But because we don't use the owner's insurance, it doesn't matter.
	We always use the client's insurance.
	So if they're starting out their own rental car company, they can throw any type of insurance they want on that car personally, because the only time their personal insurance is going to be on the line is if they're driving that car themselves.
	Gotcha.
	But if they don't, then it's on the person, which is why you require them to have insurance.
	It's got to be full coverage.
	Exactly.
	It's not liability only.
	Yeah.
	Because the one major risk that everybody always asks about is what if somebody dies in that car, right?
	If somebody gets into an accident and God forbid somebody on the other side dies, I mean that family can sue the registered owner of that vehicle and it's a huge issue, right?
	So if you're personally on that car that is a liability run versus an LLC where you're not going to be personally liable.
	Shit.
	So step one, get the car.
	That's some free game right there.
	Yeah, right there.
	So step one, get the car.
	As soon as you get the car and you throw it on Turo, create an LLC and put that car under that LLC immediately.
	Exactly.
	And also build business credit.
	They have insurance.
	Okay.
	Interesting.
	And they can sign as a guarantor for their business, which is cool, and it'll still be in that LLC. Yeah.
	Yeah.
	- The guys are the number one killer of people. - Yeah, a couple years ago, one of my, this is the guy that kind of got me in the game.
	I just saw him crushing it and I was always super interested.
	He had a group of four guys rent his S580 Maybach for a weekend, they went to 11.
	They got blackout at 11, decided to drive home at 5:00 AM and they wrapped the car around a pole, Three out of the four died, and they tried to sue him personally, and it was a huge issue.
	He ended up winning because he had all of his contracts in place.
	He had everything showing they were speeding at 4 a.m., they're at 11, all these different things, right?
	Because he had trackers, the same trackers I used to see in his car.
	So he was good on that end.
	But yeah, that's an extreme case, but you never want to be left not knowing what to do in that situation if you ever get into that situation.
	I think it's good to mention, whenever you get a car to rent out, think about these things before you even do it.
	The precautions you have to take because it is a lot of responsibility and you're liable for it if you're not careful.
	For sure.
	Also, I always wanted to build an Airbnb business, or I was always interested in e-com.
	I wanted to build something that was somewhat passive.
	But for me, the cars, I always was just driven towards the cars.
	I've always loved cars my whole life, and I've always dreamt of being able to have access to multiple Lamborghinis, Ferraris, Rolls Royces at any moment in time, and also make money from these cars.
	This business truly...
	It's a passion.
	It's a passion, and it truly changed my life.
	Mercy, we're doing six figures a month right now, pretty consistently.
	Nice.
	Over 35 cars, a lot of investors every day wanting to throw cars in the fleet.
	So not to worry about this repo bullshit because you have people that literally have their cars on the fleet with you.
	That's the trick.
	See, that's the trick right there.
	Because there's no way the bank can link John Doe with Mercy Luxury when John Doe works a 9-to-5, does this and that.
	There's so many moving parts that when you get an investor on board, you're risk-free from getting that car ever repoed.
	Wow.
	And there's no liability.
	I have no overhead.
	The monthly payment's on them.
	The insurance is on them.
	All I do is rent the car and I take 50%.
	50-50 split.
	And a lot of these guys are in love with you if you can even just break even on their monthly payment.
	Yeah.
	If you can break even and they're not making any money on top, I mean, they're ecstatic, right?
	Yeah.
	A URUS, for example, runs about $4K a month.
	Yep.
	We make about $10K to $12K a month on average on a URUS. Wow.
	So I'm making $5K, $6K with no liability.
	They're making $5K, $6K, $1K, $2K profit, and they're ecstatic.
	Yeah.
	Imagine you have a car that, let's say, you barely drive or you bought, you don't want any more, but to get out the car is a lot of money.
	You can rent it out, make money from it, pay for itself, and chill.
	You even get another car.
	Yeah, and I mean, you don't have to deal with the, because he handles all the rentals.
	He has the clients and everything else.
	The issue of buying a car, especially when you buy a brand new car, you're upside down in the car, the money you drove off the lot, which means you're going to buy the car, lose like 40, 50K, and then you keep losing money each and every single day.
	But if you rent it out, you're making money and more.
	So pretty good model.
	Exactly.
	It's kind of like we're kind of showing people that you can actually get these cars for free.
	You can get a Lamborghini.
	Maybe you wouldn't be able to afford it if you're paying for it every single month.
	But with this model that we have, these cars literally pay for themselves every single month, plus put money in your pocket.
	And the number one issue people have, wait, bro, what if the car gets totaled?
	Well, guess what?
	You get paid out for the value of the car.
	Yep.
	Get another one.
	And if you really know, because we have attorneys that handle everything for us, we've only had to open like three, four claims, very small claims.
	But one of the claims with the open was on a Eurus.
	One of the clients damaged the front end.
	She was fully covered, of course, so we went after her insurance.
	We paid $4,000 out of pocket to get the car fixed and back on the road the next day.
	And insurance ended up paying us $35,000 in three months.
	Wow.
	Yeah, crazy, bro.
	See, I'll profit at $31,000.
	It takes time, but once you get the money...
	Takes about 90 days.
	But because we go after depreciation, we go after loss of use, we go after all these different things, and our attorneys handle everything for us from A to Z. They take 10%, but they handle everything.
	I mean, we always get top dollar on these claims.
	And if you know what you're doing when it comes to insurance, you can make more money on the insurance side than the actual rental revenue, too.
	So there's really no liabilities when it comes to the rental game.
	Legally, of course.
	Legally, of course, yeah.
	Don't fake anything.
	For sure.
	People don't realize they can go over it.
	That's the thing with these cars is that you're able to claim that because these cars are so goddamn expensive.
	Well, think about it.
	An accident on a Eurus, you're losing $25,000 in value.
	You have to be compensated for that, right?
	And people don't actually realize that you can go after that on the client's insurance.
	So that's the kind of things we learned throughout the business.
	Because these luxury cars, their value diminishes significantly if there's an accident.
	So you're able to recoup that through the...
	Oh, I didn't know that.
	Why do you think when someone hits an exotic car, they run?
	Because, nigga, if you get caught with that insurance hit, it's a lot, bro.
	It's a lot.
	Okay.
	It's a lot, bro.
	Does that happen?
	I mean, I don't have an exotic, but if they hit an exotic, they're running away from the city most of the time?
	I've never had it in a situation like that, but I mean if you hit one of those exotics, it's scary because you know you're better.
	Your insurance is gonna get hit like crazy.
	Your premiums are probably gonna triple.
	They might drop you.
	They'll probably drop you.
	To be honest with you, they might drop you off the insurance.
	So it's tough.
	That makes sense.
	Yeah.
	That makes sense because you're going to pay a bunch of money for that.
	All right.
	What else?
	We got some more here.
	Nav says, best way to purchase luxury or supercar.
	Finance, lease, cash.
	We covered that just now.
	We covered that, but I mean, they're bringing up cash, used or new.
	What do you think?
	So cash is always the best because then you're not going to get hit with the interest, right?
	Because if you get a loan from the bank...
	Let's just say it's 10% interest at even 60K. You're paying an extra 6K that you didn't have to if you bought that car cash.
	And then you can do whatever you want because you own that car in full.
	So if you can afford to, it's the best way to go.
	Best way to go if you're cool tying up that much capital.
	So obviously, have a lot of cash that you don't mind tying up 60-50K. Don't tie up 50-60K if you have 70K in the bank.
	And if you purchase the right car, you could make that money back fairly quickly.
	Exactly.
	Some of these cars are doing over 100% ROI. Yep.
	Okay.
	I mean, I have heard the Mercedes C classes is a fantastic car.
	Fantastic.
	Audi A4s, Mercedes Cs, BMW 3 Series.
	Because they're like entry-level luxury, but this is what a lot of people like.
	Exactly.
	And those cars usually go out for like multi-multi-day rentals.
	So you could rent a 3 Series BMW. For a week?
	Yeah, $50 a day.
	You're paying $300 a month.
	You have a couple of those, you're making 10k a month.
	You know the best part about this business?
	You make money right now.
	You don't wait for it.
	It's not like, oh, I gotta wait a month.
	It's like, no.
	Right there and then, you get paid for it.
	Let me ask you this then.
	Let's say someone's watching this right now.
	They got a little bit of money and they want to be earning 10k a month somewhat passively through a car rental model, right?
	They might not be here in Miami.
	They might be out in the middle of nowhere, fucking Indiana.
	Who knows, right?
	How should they go about, kind of step by step, what should they do?
	What cars do you think they should get?
	What should they do with the car, et cetera?
	How can they get themselves from going zero to 10K a month passively with the side business?
	For sure.
	So if you're in a city like Indiana, And you're not quite sure what cars are going to do well there, and you don't want to just take a little guess.
	It's a seasonal place.
	It's a seasonal place.
	Honestly, go in Turo.
	See what cars have the most trips.
	See what cars have the highest reviews.
	In your zip code.
	In your zip code.
	And kind of base off what cars do well off of that.
	You can even search up private rental companies, but a city like Indiana probably won't have many, or if, any private exotic car rental companies.
	Probably not.
	No, but it's always good to do your research.
	So to kind of figure out our pricing, we kind of took a...
	We went over through every single exotic car of the company down here in Miami.
	We looked at all their pricing and we took the average.
	And then from there, we kind of just like...
	So look at the market first.
	Exactly.
	And then procure cars that are doing well in your area.
	Exactly.
	And I know you gave some like a Tahoe, Suburbans, etc.
	a pretty safe color.
	Black?
	Black.
	Black is nice and safe, right?
	Yeah, for those cars, black.
	But for the exotics, flashy always.
	Okay.
	Put them on zero first.
	Start renting out.
	Get yourself, I guess, situated on there.
	Make some money.
	And then once you get, you said, two to three or above, start weaning it off and doing it privately, right?
	And what these guys will find too is, you know, every car you kind of get, It goes up in value, up in value.
	Very rarely you're ever going to get more cars that are kind of going below value, right?
	So for us, we started two BMWs, we got a Corvette, we got an Escalade, then we got a Maybach SUV, we got a Bentley, a Urus, and then boom, it just started, you know, Huracans, Ferrari F8s, Cullinans.
	Start small.
	Start small.
	Yeah, everybody gets super excited as well, right?
	They're like, oh, I want to get a Lambo right away.
	I want to rent that.
	I want to drive it for free.
	You got to understand the game first.
	So start small.
	Don't break the bank.
	Don't put yourself in a high stress situation by getting a car that you might not be able to afford for more than six months.
	Get a car that you're very comfortable with.
	If that car sits for three months, be comfortable with that payment.
	Pretend like you're not renting it out.
	Okay.
	And then from there, you know, just...
	That's a good tip.
	Yeah, just because you got to build experience, right?
	You got to build business experience.
	Don't be relying upon that vehicle to make you money immediately.
	Exactly.
	So we didn't touch those high-end cars, those high, high-payment cars, until we really knew what we were doing.
	Brokers were sending us a lot of clients.
	We really knew that we were going to be good with the insurance.
	Then we felt comfortable.
	Okay, let's go get a Eurus.
	Let's go get this.
	Okay.
	Shit.
	Alright.
	You guys are getting a master class, man, in how to go ahead and start a rental car business.
	Omar goes, Fresh, you got it?
	He's asking you, I think, this question.
	I can read it, though.
	Fresh, can you explain why you shouldn't buy a new car?
	Because I want to get a 2023 or a 2024 manual Supra, since they come in manual, but you say not to buy it new, so should I just buy one that's already used instead of a new?
	Got a credit score of 745 from you guys.
	So good job on credit score.
	We kind of covered it earlier, but just to make it more apparent here, whenever you buy a new car from a dealership, bro, the moment you drive off the lot, you're losing value.
	So that alone should tell you not to do it, but secondly, bro, the same car you're going to buy new, someone already has it, doesn't want it anymore, you're saving money on depreciation, and it's the same car.
	Will people want to even rent Supras to give him an option, I guess?
	To be honest, a manual Supra, you should keep that for yourself.
	Personal use.
	Renting out is not a good idea.
	That's a personal car you should drive.
	100%.
	Because it's manual?
	Well, it's more collector.
	It is manual, but it's also like...
	Very niche.
	Supra is like, if you're a car guy, you know what it is.
	Yeah, yeah, yeah.
	The other person's like, what is this?
	Yeah, tuner car type dudes.
	Need for speed ass.
	Like, you know.
	Yeah.
	Exactly.
	Tokyo Drift type dudes.
	Exactly.
	JDM, that type of vibe.
	Like a car that I would love to get for the free...
	With the 911 GT3 RS. That car is so sick.
	It's badass.
	But it's not going to rent.
	It's so niche.
	You got to be a car guy to want to drive a car like that.
	And car guys aren't going to rent cars, right?
	Very rarely.
	Yeah.
	Very rarely.
	If they rent a car, it's because they're not home and they're in a different state and they want to just drive the same car.
	Yeah.
	I don't know.
	I've had a few guys come and rent because they wanted to test drive the car for a few days.
	Because a lot of the times, if you go test drive a car at the dealership, you're only driving around the block.
	It's so hard to know if that's a car that you like.
	So they'll come, they'll rent a car for three days, they'll really figure out if they enjoy the car, and then they'll go and buy that car.
	So I've had a lot of guys actually do that with cars that I have.
	Here's a quick tip.
	I tell my guys in the CEO network, I tell them, listen guys, you want a specific car, rent it first, drive it to your favorite spot, take it home, sleep on it, wake up in the morning, drive it again.
	You're going to experience a car for real.
	You go to a dealership like you just said, drive it down the block, you don't really feel in the car.
	Like when you got your G-Wagon, right?
	We drove to Cario in the G-Wagon that we had in the fleet.
	Yeah.
	So fresh drove it for a good hour, hour and a little bit, and he really, you know, said, you know, this is a car I want to buy.
	I've been in it for long enough.
	I know this car drives really well.
	Instead of just going to Cario and driving around the block.
	Yo, it's funny because I thought G-Wagon was like a girl car.
	I never wanted a G-Wagon in my life.
	But driving his G-Wagon, I'm like, bro, this is just nice.
	And then I'll tell you this, man.
	The girl's favorite car is a G-Wagon.
	Forget a Lambo.
	Forget a Ferrari.
	Forget a Rolls Royce.
	G-Wagon?
	Hands down, bro.
	And you get the tax write-off.
	Yes.
	Which is huge.
	So Tahoe's escalates.
	All tax write-offs.
	So if anyone's making good money and you want to rent out a car like that, plus get the tax write-off, I mean, it's a double whammy right there.
	Okay.
	So, yeah.
	So, for him, get it for yourself, get it used, and you won't be able to rent it out more than likely.
	Yeah.
	Especially with the manual.
	Okay.
	Yo, Mercy, what's good?
	Got a question for you.
	Have you slash do you ever rent high horsepower American muscle cars like Hellcats, Camaros, Mustangs?
	I see a lot of renters rent those and make a lot of money doing so.
	How is your luck demand for cars like that?
	That's a good-ass question.
	American muscle, what do you think?
	Too high risk for me.
	You know, those Hellcats have 700, 800 horsepower, the rear-wheel drive.
	You put your foot down in that and it is, I mean, you're going sideways, right?
	Another thing is those cars are so easy to steal.
	The Hellcats are so easy to steal the highest theft car in the United States.
	So those are cars I stay away from.
	I don't want to deal with that.
	It also attracts a lot of headache clients that just want to...
	I know what that means.
	You want to say it?
	Hey.
	They're going to steal your shit, man.
	I'll say it.
	Don't worry about it.
	I'll say it, man.
	Yeah, Hellcats and Trackhawks.
	Yeah, they try to bump that shit while they steal your shit.
	No, for real.
	But if, you know, it can make, it's a high-risk, high-reward car.
	Very sought after.
	People want to drive it.
	I said it.
	Jada didn't say it.
	There you go.
	I said it.
	You niggas are going to steal the Hellcats, man.
	That's why.
	Yo, I'm not gonna lie, bro.
	I will not be seen in a Hellcat.
	I don't know.
	Hostinco does it.
	I can't do that shit, bro.
	No, why not?
	Nigga, that's so hot nigga shit, bro.
	What do you mean, bro?
	Mopar?
	Hell, though, bro.
	I gotta be classy, man.
	Okay.
	So those are cars that have high theft rates, just not worth the risk, I guess.
	Exactly.
	And just a lot of power, too, so something could go wrong if somebody doesn't...
	Can you charge quite a bit of money on them, though, if someone did want to go and have this American muscle fleet?
	Still not as much as, obviously, those exotics, but you could charge probably, like, I could probably get maybe $400, $500 a day for a Hellcat.
	Okay.
	Something like that, which is pretty good because your payment's still going to be, like, $1,300 a month.
	Okay.
	Alright.
	What do we got here?
	Big things.
	This is an awesome live.
	I am actually going to start rentals, so this was clutch.
	This guy seems like a good dude, modern and fresh.
	You guys continuously knock it out of the park.
	Again, I appreciate you, brothers.
	I'm trying to give you guys value, bro.
	Help you guys with starting side business.
	Hell, with the tips that he gave you all today, you guys can have a regular job.
	You might have a car right now that you don't drive.
	You might have a fucking Jeep Compass or some shit like that on the side that you can easily rent right now.
	Every car can be monetized.
	Every single car.
	So, and he's giving you guys some game.
	Like, hey, put two trackers in it.
	Put a kill switch in it.
	You know, make sure that you have insurance on it, etc.
	Like, all these things that, like, people wouldn't think to do.
	You can turn a current liability into an asset just from one choice.
	Some of you guys right now watching this, a lot of you guys, they say the average American household has, like, two cars, etc.
	Some of y'all have a car right now that you barely drive.
	Put it on tour and make some money, man.
	Might as well.
	Uh...
	Trevon, hey fellas, well this business model will work well in the DMV area or will it work well?
	And you mentioned installing trackers and kill switches on the car.
	What companies in that area do you recommend perform these upgrades and how would you vet them for quality work?
	So it will work in the DMV. Jayden talked about that.
	If you're in an area that's the climate changes, you're safer with, you said, Suburbans and...
	Yeah, just cars that aren't seasonal dependent.
	So, like, no Mustang convertibles, no C8s.
	Cars that, you know, you can put some winter tires on and it's going to be good in the winter.
	Yeah.
	Our Mercedes M-Class, right?
	That's the SUV one, if I'm not mistaken.
	Yep.
	Or the GLE is a good car.
	GLE, yep.
	That's a great car.
	Cheap, too.
	Yep.
	If you want to be, like, luxury, but also SUV. And then he said, will it work well?
	And then, I don't know if you guys have a Kinect over in the DMV area that does this with the...
	He's asking for...
	With the kill switches and...
	Yeah, iTrack's not too far.
	Oh, there's iTrack in that area?
	I think, I believe.
	In DC? Oh, in DC. In the DMV area.
	Oh, got you.
	DC, Maryland, Virginia.
	I'd have to look into it, but I'm sure I could find some companies out there that would perform good work for sure.
	There's got to be one or two.
	Basically, the takeaway is put two trackers in there and one kill switch is pretty much like golden.
	For sure.
	Because they're going to try to find the tracker, one tracker.
	If they do find it...
	It's just bound to happen.
	And you kind of have to play that game.
	Even if it never happens, that's great.
	But you have to have that mindset that these things are going to happen eventually.
	It's not a matter of if but when.
	That's kind of how I look at things, right?
	But think about it.
	Airbnb, it's not a matter of if but when.
	Tenet throws a massive party and damages the whole unit.
	You know, these things just...
	It just takes one idiot to fuck it up.
	And you'll thank God that you had it there in the first place.
	Exactly.
	And I like the idea of two trackers.
	When I worked for the government back in the day and we had crooks and we'd follow them, we would put two trackers on this shit too.
	Yep, because they cut one and they think they're good.
	Because they find one and they think they're good.
	But you'd have a second one on there.
	Yep.
	That's exactly why we put two.
	How about you put three or four?
	Oh, then you're good, good.
	It's overkill.
	Yeah, it's overkill.
	But hey, man, I'm not getting away.
	Nav goes, thoughts on car market?
	Would it be a good time to get into luxury slash supercar or wait for personal use?
	No, I think cars are pretty cheap right now.
	You can get some really nice cars for a pretty low price.
	Yes.
	I think right now is a great time to buy.
	Interest rates are coming down just a little bit too.
	Is the key to just not buy new?
	Don't buy new.
	No, don't buy new.
	Don't buy new.
	Because you're just going to lose so much money driving that off the lot and racking up miles.
	I mean, you're talking like you put 3,000 miles in a brand new car, it's going down 20%, 15% versus a car that already has a decent amount of miles but not enough to give it issues.
	I mean, you're not going to lose much money.
	Let me ask you this.
	This is a little bit more of a nuanced question.
	Since dealerships are desperate to get these fucking cars off the lot, right, and they just want to make a sale, would you be able to negotiate something where, look, I'm going to lease this car, but I plan to put it on tour and I want this shit in the contract?
	I wouldn't do that.
	Or would they say, fuck no.
	I wouldn't do that.
	They think rentals are too high liability.
	That's why a lot of these companies, they just don't want to deal with the headaches that may come.
	Because they understand a lot of people, they don't know what they're doing.
	This is how people get wiped out in the business.
	They think they're covered on insurance.
	They're not asking the right questions.
	They get into an accident.
	Boom, they're 50k out of pocket.
	And it wipes them out completely.
	It happens down here all the time.
	A lot of people start rental car companies every single year.
	And they only last one year.
	They fail.
	If that.
	Because they just can't.
	They fail.
	They don't know what they're doing.
	They deal with all these issues.
	They're like, I'm out.
	Is that the biggest fuck-up?
	Like, not validating that the person that they're renting you has insurance?
	A hundred percent.
	Also, you need, like, I want to say things in place.
	Like, systems.
	So you can track each thing that's happening.
	Because it's a fast-moving business, bro.
	You start with one car.
	Get two, three, four.
	Get too big.
	Before you know it...
	Done.
	Exactly.
	I mean, with one car, I could already see how that would be time consuming.
	Yeah.
	With one car.
	Maintaining it.
	Getting it to that person.
	Getting it back.
	You need a staff.
	You need a team.
	You need a lot.
	Okay.
	What car insurance do you recommend?
	This is from Daniel.
	So, personal doesn't really matter.
	Kind of what I said before.
	I use State Farm for my cars.
	I like State Farm for my personal insurance.
	But insurances that I look for when it comes to rentals, really good insurances for rentals.
	That the person's going to have.
	Yeah, Geico's good, State Farm.
	I don't like Progressive.
	Progressive's the only company that only covers the value of the vehicle on policy.
	So if somebody's trying to rent a Urus and they only have a Ford Explorer, they only cover 20K. Oh, shit.
	And people don't know that.
	If you talk to an agent, they're going to say they're covered, but they won't tell you that.
	And now, you're out of pocket if something happens because it's on their policy.
	Damn.
	Well, that's the other importance of knowing what the fuck they drive too, right?
	Yup.
	And a lot of the times, these agents, they'll just say yes and they don't even know what the hell they're saying yes to.
	They're not trained well when it comes to the rental side of the insurance, so you always gotta ask the right questions.
	You gotta ask them a couple times over.
	That's a gem right there.
	So when your person's renting a car, progressive, be wary.
	That it's gonna be based on what the person drives, not what your car that you're renting them is.
	Yep, and another piece of free game is record the calls.
	We record every single call.
	So the first thing is- We all call insurance.
	Yeah, call them and verify.
	Yep.
	So we say, hey, we're calling from a recorded line, calling from Mercy Luxury Car Rentals.
	And right then and there, the minute you say you're calling from a recorded line, something happens and they don't want to cover you, you have that recorded line, the agent said they were covered, you asked the right questions, you are winning that 10 times out of 10.
	Wow.
	And I can imagine you give that to your lawyer that's on retainer that's fighting this for you.
	Here you go.
	Big ass smile on their face.
	Fucking insurance, yeah.
	Exactly.
	You know, hey, here's the fucking phone call where they said that it's covered.
	Exactly.
	Yeah?
	Case closed.
	But if you don't say you're calling from a quarter line, you can't use it in court.
	Of course, yeah, yeah, yeah.
	Especially if you're in Florida, which I think Florida's a one-party consent state, so you have to tell them that.
	King of NC. Hey, Myron.
	I'm 22, 780 credit score, and about 50K saved in my first job out of college.
	Any tips for getting started in real estate?
	You're going to need more money than $15,000, bro, depending on where you live.
	Housing prices have definitely went up.
	But, like I said before, you can go ahead and get yourself an FHA loan, but you're going to want more than $15,000, depending on what market you're in.
	Jill, this is straight facts, Mercy.
	I got a Hellcat and I always make sure it's a garage kept at all times at home parked next to the window of any establishment I go to and keep Betsy on my waist in my cup holder if shit were to ever hit the fan, stay protected.
	Damn, bro.
	It's like that?
	Yeah, bro.
	It's like that with Hellcats.
	Yeah.
	I did see some videos on YouTube saying that people were breaking into fucking Dodge dealerships stealing these things, but I thought it was maybe just a fan for a month or some shit.
	They are highly sought after.
	But they're just so easy to steal.
	You can steal that car with a USB plug-in.
	Yeah.
	It's just so easy to steal that car.
	Somebody knows what they're doing.
	Five seconds, that car is gone.
	That's the issue.
	I don't know why.
	How long can you last with a stolen car, though?
	In my head, I'm like, what are you doing?
	Are you going to take it to a chop shop for parts?
	Oh, go take it to a shop, change the color.
	So the minute the VIN gets swapped, you are done.
	Because that VIN is gone.
	There's no way they can correlate that car with what that car was.
	Because it has a whole new VIN. Okay.
	So they'll take a VIN from a salvaged Hellcat.
	They'll throw it on there for $100.
	Boom, it's a brand new car.
	Okay, so that's what they're doing.
	They're switching the VINs out.
	I wasn't sure if they were taking parts of it because it's a powerful car or whatever.
	I'm sure they do that too, part it out.
	But a lot of these brand new cars, yeah, they do VIN swaps.
	I came across a TikTok page, just stolen cars.
	And they're selling Hellcats, brand new Hellcats, stolen $8,000 cash.
	$10,000 cash.
	Damn.
	You can't buy that one in a credit card, I guess.
	Yeah, one guy on that page.
	I wouldn't buy it, though.
	No, you run such a high risk.
	I mean, on that page, they had a two-for-one deal.
	S580 Maybach and a Trackhawk for like $15,000.
	Yeah.
	Yo!
	You'll get arrested, bro.
	And these are probably all stolen from car rental companies.
	Yep, so you want to hear a little story?
	This happened in the building, I don't know if you guys saw this.
	There was a guy, I'm not going to name him, but he lived in the building, does car rentals.
	He has about seven cars.
	He bought a G-Wagon for like 80 grand.
	He told me, I said, bro, you bought it for 80 grand.
	That car is stolen.
	He's like, nah, bro, got such a good deal.
	The next day, he gets raided by like 10 cops, thrown in jail for the weekend because that car was stolen and they were watching it.
	They were watching.
	He had no idea it was stolen.
	Keep in mind.
	He bought it from- Did he buy it cash or some shit?
	Yeah.
	And the cops just came in.
	He got evicted because of that.
	He doesn't live in the building anymore.
	Yo!
	What the fuck?
	So you gotta be so careful.
	I know him?
	You know him.
	Oh.
	He was talking shit about us?
	Yeah.
	Okay, I know it is.
	Yo, what the fuck?
	Like, I don't even care if he was talking shit.
	Like, yo, he bought it for 80k?
	80k, brand new G-Wagon.
	That car brand new is like 200k minimum.
	Minimum.
	Wow.
	That's a finesse right there, bro.
	He didn't see, like, he didn't think, like, red flag, red flag.
	Like a cheap price, he don't care.
	He's not the brightest guy in the world, too.
	I guess not.
	God damn, bro.
	He was willing to take that risk.
	He was probably like, you know what?
	He bought it cashed.
	So I guess what saved him was that he probably had a receipt of the transaction and he paid 80k for it and he didn't steal it?
	Exactly.
	But he was stupid because he immediately called one of the big dealerships right here and said, hey, I have this G-Wagon.
	Do you guys want it for like 130?
	Oh.
	He bought it and tried to turn around and sell it.
	Yes.
	Come on, bro.
	So he had it for rent, but he was trying to make a quick 50.
	Yeah.
	Yo, welcome to Miami, bro.
	Goddamn, man.
	Holy.
	Yeah, so I guess that's another game, more game for these people.
	If the deal sounds too good...
	Don't do it.
	Don't do it.
	Exactly.
	50% off or some shit like that.
	Don't pay a premium for a car, then get it at a really good deal where it's almost like, wait, why is it so low?
	How could someone figure out if it's stolen so they don't run into a situation like that?
	Is there anything that they can do?
	Run the VIN. See what that VIN's coming back to.
	Carfax too.
	Carfax.
	Okay.
	Really know who you're buying that car from.
	If you're buying the car from a dealer, you're going to be fine.
	Yeah.
	That's why we promote Carrier Motors.
	We know the owner.
	He's very honest, a lot of integrity.
	He has multiple cars, and they're all checked.
	So by default, you go there, you're going to get a really good car.
	So buy it from a reputed person.
	Don't buy fucking cars from randos.
	Exactly.
	Private sales, as much as you might save some money, but if you want to build a business on this shit, it's not worth it.
	Because guess what?
	When things go wrong, that's what I'm going back to.
	The dealership.
	Yeah.
	Exactly.
	And if you buy a shady car...
	From somebody on the street.
	They're gone.
	And they're Idaho chilling.
	That's for the audience here.
	You want to start?
	Yeah.
	That makes sense.
	You might pay a little bit more.
	Shout out to Carrier Motors, by the way.
	That's my people over there.
	Jacob, shout to you.
	Okay.
	What else do we got here?
	He was talking about that.
	Okay.
	What's up, fellas?
	Mercy, do investors and car owners put their cars under the LLC? If so, how do they keep their ties with their cars?
	I think he answered this earlier.
	Yeah.
	So they put the cars on their own LOCs.
	We just have a management contract with them.
	So Mercy has a management contract with their LOC that has the car.
	Ah, okay.
	Even better.
	Okay.
	What else do we got here?
	Hey, what's your average car that constantly rents average amount of days, weeks, months, it rents for an average revenue it brings in?
	So for us, right now, the Ferrari F8 is crushing it.
	We rent that car for about $1,500 a day.
	It does like 15, 20 days a month.
	That's crazy, bro.
	It is printing.
	And we've had a lot of celebrities in that car.
	T. Grizzly just rented it for the weekend.
	Shout out to him.
	Peso Pluma.
	He had it for eight days.
	Sent us a wire.
	I mean, we've had a lot of big guys in that car.
	But usually, the Cullinans and the Uruses are always the top.
	That makes sense.
	We have Cullinans out right now.
	It's been out for like six days.
	Ferraris are very particular.
	Yes.
	You know what I mean?
	Yeah.
	Okay.
	You gotta be a Ferrari guy to do it.
	Exactly.
	Do you guys plan on expanding to other cities for future investors if, let's say, you guys no longer are taking investors due to having a huge fleet already?
	If so, what clients do you see their business expanding to?
	Or what cities?
	I'm sorry.
	So they're asking expanding.
	So we made a trip to Atlanta.
	Tell them about that.
	Yeah, so we went down to Atlanta and we have a partnership in the works with a huge dealership out there.
	They have insane cars.
	They're really interested in the rental side as well.
	So we're working on that currently.
	Okay.
	But right now we're really trying to just cement ourselves in Miami because it is the number one city in the world for exotic car rentals.
	Yeah, of course.
	We're trying to really just make sure we're number one here and have everything automated, have everything going well at all times.
	Before you expand to another city.
	Exactly.
	Because then it's just going to be plug and play.
	It's going to be very easy for us to expand.
	But right now, honestly...
	Would Atlanta be as big with their exotic cars?
	The clientele is not going to be that good.
	But it's going to be a hard clientele.
	I think next to Miami, people that want to flash, they're in Atlanta.
	I think so.
	Yeah, but they come here visiting, so it's kind of already been screened.
	So when we went down there, the dealer that we have this partnership with, they said they think most of the clientele that we're going to get are going to be locals.
	Just people that want to take a card for the weekend, etc.
	Because he said there's not a lot of people coming into Atlanta looking to spend a lot of money like that, like Miami.
	So it's just any local clientele that you're dealing with is going to cause more headaches.
	Okay.
	So that's what kind of has you, okay.
	Exactly.
	Okay.
	Fresh, in one shade of black, away from becoming the Mad Titan of the RP. So you're funny, bro.
	Okay.
	How much money should you have to start a luxury car dealership rental service?
	And would it be smart to have them both together or just do rentals instead of actually selling them too?
	I think it's a really smart idea to do both because you could rent out the cars that are sitting for a long time that aren't getting a lot of demand.
	And I think a lot of these dealerships aren't doing that, which I think is a huge plus.
	So if you're looking to start a dealership and a rental car company, there's no problem doing both at the same time.
	Okay.
	Because we do actually sell a lot of the cars that we have in the fleet.
	Oh, okay.
	Sometimes people will rent from us.
	Bro, I love this car.
	Can I buy it?
	Yeah.
	One of my boys in the building bought our Range Rover.
	Rented for the weekend and said, bro, I love this car.
	Wired 60K for the down payment.
	Took over the payments.
	Yeah.
	Wow.
	Made like 25 grand.
	Just like that.
	Okay.
	Can you tell them Jayden about his audit formula?
	Yeah, so right now, because we have so many cars in the fleet, I'm actually trying to offload a lot of the cars that we have.
	So my goal with Mercy is, I want this to be like a 10 to 12 ultra high, like exotic niche car rental company.
	Like just crazy, crazy cars.
	So you want to have a smaller fleet, charge more, simpler maintenance.
	Exactly.
	So one of the goals and one of the things we're working on right now, we actually have quite a few students, is we're teaching people the exotic car rental game.
	Those that are interested either, even to make an extra $2,000, $3,000, $4,000, $5,000 a month.
	We have those guys and we have guys that want to build a 20-car fleet.
	This business is perfect for both of those demographics.
	But we're teaching people how to build their own exotic car in the company.
	And we're actually going to give people that are local the cars that we have, the lower-end cars that we don't really move that much, We're just going to start offloading them to our students who are doing a really good job when it comes to the insurance verifications, the marketing, guys that we feel confident in.
	We have no problem just giving them cars that we already have.
	So we're actually going to get a lot of these guys their first vehicles that are in our program.
	Which is insane.
	And that Aston Martin that you guys are giving away, someone could start a car rental business with that.
	Exactly.
	That's the play.
	How much do you think someone can look to make with an Aston Martin like that?
	I mean, they're not paying any money, they're getting it for free.
	$600 a day?
	Making a lot of money.
	Really?
	One of our students, yeah.
	You could charge $600 a day for that thing.
	And payment's like what?
	$2,000?
	$1,800?
	$1,700?
	Yeah.
	And that was when the asset amount was like $120,000.
	So now...
	Even cheaper.
	Yeah.
	I think our student who has the asset amount, he's paying probably $1,300.
	So it's straight profit.
	And these are Miami prices?
	Like, they could charge that...
	Would that be like what they charge in Miami versus let's say they're in fucking...
	I don't know.
	Las Vegas, maybe they might charge $500.
	You know the best part?
	Probably around there, $500.
	So Miami, $600.
	Other places you could charge a little bit less?
	I'd say minimum $400.
	I can't see going below.
	The best part is you don't have to be in Miami.
	You could be anywhere.
	You could be in New York, Vegas.
	Yeah, because whoever's going to win this probably won't be here anyway.
	They'll probably be somewhere else.
	So bare minimum $400, but on the low end $400, high end $600.
	Exactly.
	That's fucking crazy.
	And they get it for free.
	Yeah, it's truly, it's a business that changed my life.
	Not even the money, like the networking.
	The networking is insane.
	And I'm no one special, right?
	I'm from Canada.
	I moved down here.
	I just wanted a different life.
	I wanted to live under the sun all year round.
	Decided to start this company and it just opened so many doors for me.
	So I'm trying to give that back to guys that are looking to get started because This is something I didn't share, but I was on tour for six months.
	What really changed the game for me is I actually hired a mentor for $15,000.
	I had a guy who came to me, yo, I'm looking to sell my exotic car as a company.
	I didn't really want to purchase his brand.
	Was it the guy that had that issue?
	Was it the guy that escaped the drunk driving thing?
	That was your mentor?
	No.
	So that was just one of my buddies.
	This guy also had a huge fleet though.
	15 cars at his peak.
	He actually owned all of his cars.
	He was making like 200k a month.
	And he's in private equity real estate now.
	So he's just kind of shifting his focus of doing this for so long.
	I hired him as a mentor for 15k.
	And I remember him telling me, he's like, you'll probably make your money back within three, four months.
	I made that 15k back within two weeks.
	Nice.
	Off the things he told you.
	Yeah.
	What would you say, because I see that you're like real big on downsizing, whatever.
	What would you say is like the optimal number for maybe a beginner, an intermediate, and then an advanced guy as far as like having a fleet size?
	Because so many people like to flex, I got a 30 car fleet, 50 car fleet, et cetera, but that's gotta be tough to manage.
	And I see that you're trying to downsize.
	What do you think is the best number based on people's experiences?
	Quality.
	Yeah, quality of cars.
	So like 10 to 15, you know?
	You really got to understand.
	Yeah, because your clientele is going to change.
	I was renting these like BMWs, the Mercedes a lot, like these low-end cars.
	And that's kind of what I was specialized in.
	People that didn't want to pay for a Huracan would come and rent an M5 from me.
	Now it's completely shifted.
	So my clientele is only ultra high-end.
	They want Cullinans, they want Huracans, they want Ferraris.
	I don't move the lower tier cars nearly as much.
	So for me, I have no problem giving somebody who wants to get started a C63. Boom, I know they're going to market that car every single day.
	They're going to get that car out a lot more than me just because my clientele isn't that kind of clientele.
	But when you're first starting, your clientele is always that kind of clientele.
	Yeah, of course.
	When you build a brand and credibility, then people will feel comfortable spending $1,500 with you and putting a $2,000 deposit down because they know they're going to get that back if the car comes back straight.
	So I think 10 to 15, but quality over anything.
	Don't get cars that you think they're going to move and they don't end up moving.
	Really be sure about the cars you're getting and really do your research before.
	Do not be stuck holding a car that's not going to move because that is the worst thing ever.
	Beginner, maybe two to three.
	2 to 3 is perfect.
	Do you think they can earn maybe 5 to 10k a month on that?
	100%.
	Okay.
	There's a problem where people...
	There you go, motherfuckers.
	I don't want to hear no goddamn excuses.
	There's a problem where people buy a car that they like, but it doesn't move.
	So like, I like a car.
	The GTR example.
	There you go.
	Well, that was the Supra.
	Or the Supra.
	The Supra, I'm sorry.
	Exactly.
	But if you buy a car like that, that you like because you like cars, that doesn't mean he likes cars.
	So it's going to be like, yo, bro, what's going on?
	But nigga, I want a Lambo.
	Exactly.
	So what I would do in that situation is I would get two cars that I know for sure are going to rent all the time and take the revenue from those cars and get a car that you want.
	Boom.
	Simple.
	Right?
	Allow one to two cars to pay for your personal car.
	I've heard a lot of people, because we brought Detroit Mogul on and Pushman Mitch, and they said the same exact thing.
	Mercedes C-classes move well, and then Jeep Compasses, surprisingly.
	Yeah, Jeeps too.
	Not Jeep Compasses.
	Jeep Liberties.
	They go really well.
	So those are seven-seaters, I think, right?
	Yeah.
	Damn it.
	I mean, we don't only rent those type of cars.
	Yeah, of course.
	You guys are higher end.
	But I'm just saying, for the average Joe trying to start up, right?
	Some of these guys right now might have a Jeep Liberty that they have and they don't realize that they could probably rent.
	More of a girl car, though.
	A little bit.
	But I'm sure it does well.
	C-Class is a girl car too?
	You know what car does super well down here?
	Every nurse has one of those.
	Yeah.
	Mercedes C-Class.
	Tell me I'm not lying.
	Strippers.
	Come on, man.
	Strippers have it too.
	The CLAs.
	They all have CLAs.
	Yeah, yeah.
	CLAs.
	CLAs.
	Every girl.
	If they drive a Mercedes, I'm like, is it a CLA? Yeah.
	No surprise.
	Almost always, bro.
	Always.
	But the Porsche Macan.
	That is...
	So, I know somebody down here.
	He has a Porsche Macan.
	He hasn't seen that car for three months.
	Payment's like $500 a month.
	He rents that for $80 a day on Turo and privately for like $120 and just prints.
	And it's a Porsche.
	Beautiful car.
	They're like worth $30,000, $40,000 now.
	You know, you got a 2018 Macan, bulletproof car because it's German engineering.
	You're not going to find many issues with it.
	Would a Boxster do well, you think?
	Sorry?
	A Porsche Boxster?
	No.
	Would that do well?
	No.
	Too niche.
	If you want to look at it from a customer standpoint, imagine, I don't want a car payment.
	I rent the car for $80 a day.
	You do that over 30 days?
	Not that much money.
	So it's a W for the customer and the person renting too.
	Yeah.
	Yeah.
	No, I mean, this is really good stuff, man, because literally there's people watching this right fucking now that I know y'all have a car that's sitting around that you can probably make some money on that you'd barely drive or you don't drive that much.
	I mean, look, this year we're making money.
	We decided this year and everything.
	Business, other businesses, we're making money.
	So listen, cars turn into business.
	Why not?
	It's perfect because a lot of people have a passion when it comes to cars.
	A lot of people want to drive these higher-end cars and they can't afford it.
	So kind of like we stated before, it's just such an easy way to get these cars for free, leverage it to your advantage, network with them, make money with them.
	And I bought cars in the past, and I wanted cars earlier when I was broke, but I didn't understand all the concepts between finance and all that stuff.
	And then I figured out, after learning from people, I could rent the car out.
	It'll pay for itself.
	It's like, wow.
	You can't beat that, though.
	Exactly.
	That boy says, I currently have a Turo business in NYC. Could you recommend a few more luxury cars that might rent well in this market?
	So, NYC, the roads are terrible.
	Seasonal.
	For real.
	So, I would stick to, like, if I was building a luxury, Car company in NYC. My first cars would be like an S580 Maybach, a GLS 600 Maybach, and I would get Escalade.
	I'd probably get two Escalades, and I would get one nice sports car, but I don't think I'd get a Huracan.
	I'd probably get like a C8, something like that.
	A little bit lower end, that's still a sporty car.
	Those cars, you are printing, like guaranteed, guaranteed.
	Okay.
	Awesome.
	Trayvon goes, Hey fellas, recommendations on creating and maintaining storage systems for your cars.
	And what is a good set of questions to ask when procuring insurance for the cars?
	You did say you don't need full coverage for the vehicle when renting them out.
	The renter needs full coverage.
	Your personal insurance doesn't need full coverage.
	It really all depends on what the client has.
	Your insurance at the end of the day doesn't matter to you too much because your insurance isn't the one getting hit if something happens.
	Alright, boom.
	You guys are asking us some really good questions by the way, man.
	How do I go about finding a place to store vehicles when they are not rented?
	So, depending on how many cars you have, obviously, if you have a couple cars and maybe you have a couple, if you live in an apartment, you have a couple spots you can purchase more, do that.
	You're going to save a lot of money.
	If you live in a house, keep a couple in the driveway, in the garage, if you're not in a high crime area.
	Should you have renters come to your house to pick up the cars?
	It's up to you, but I mean...
	I personally wouldn't if it's a house.
	An apartment building, no risk.
	But a house, because you never know what could go wrong, right?
	If you have to take a client's deposit for any reason, even if they know they're in the wrong, they will give you a hard time.
	Yeah.
	Right?
	And if you don't want them to know where you live.
	Depending on the...
	You never know what could happen.
	Just be safe at all times.
	Don't take any risks.
	Put it in a neutral location, maybe.
	I would say meet somebody at a Publix or, for example, a Walmart parking lot.
	Meet them there.
	Exactly.
	Okay.
	Give them the car over there.
	Or should you just leave it, drop it off, and then leave?
	You could do that too.
	Take it to the house.
	Yep.
	And then take it over back home.
	Yep, that's fine.
	You could do that too.
	Fair enough.
	Alright.
	Man, y'all getting a lot of fucking game right now, man.
	Goddamn.
	I think we're getting too much sauce, bro.
	I think so too.
	For free, by the way.
	For free.
	All for free, man.
	For Mercy, I'm 18, currently renting three Jeep Grand Cherokees on Turo with my father.
	I live in the northern Nevada area, and there is high need for four-wheel drive.
	How do you recommend transitioning to private?
	And what cars do you recommend for this area?
	Also, any courses.
	So if I'm not mistaken, probably like the Reno, Nevada area.
	It gets kind of cold.
	It's seasonal as well.
	From a weather perspective, he's got three Jeeps right now doing pretty well.
	Four-wheel drive.
	It seems like that's what they want.
	For sure.
	So to transition off of Turo, kind of like what I said, what we did is start telling your clients, hey, look, I can rent these cars to you privately.
	I need you to have full rental coverage.
	But if you do...
	Rent from me privately.
	We'll escape all the fees.
	Turo holds deposits for like a week.
	Say, I'll give you a deposit back within 24 hours.
	Bam.
	Boom.
	Instantly, you're providing more value.
	There's no reason why they shouldn't go to you privately.
	Yeah.
	Right?
	So that's number one.
	Number two, car-wise, I think, yeah, those cars are great.
	You know, they're going to go out a lot.
	If you're looking to get into more of the luxury scene, In Nevada, I would say it gets a little cold.
	You know, SUVs, you can never go wrong.
	SUVs.
	I would say Maybach SUV, because in Nevada, I'm sure, Vegas isn't too far.
	If somebody wants to go to Vegas for a weekend, Maybach, it's nothing better, you know?
	So I think those cars would always do their own.
	G-Wagon's a good car, and you get that right off.
	Write that right off as well.
	It's a four-wheel drive, right?
	If I'm not mistaken?
	I think it's a...
	What?
	It is.
	G-Wagon's a four-wheel drive, yeah.
	Oh, but no, nigga.
	That's a good question.
	As a guy that comes from a cold area, four-wheel drive is like, you need that when you live in a snowy area.
	When you get black ice and all that bullshit, you need a four-wheel drive.
	100%.
	Ties just spin.
	Yeah, four-wheel drive.
	Who gives a fuck about that shit down here?
	But when you're in the northeast and it's cold, yeah, you need that.
	That's why the Jeeps are doing so well up there.
	That's what he's saying.
	And he said we want four-wheel drive.
	Albo Ace, and is the ROI and this type of business worth it?
	Me and my brother have been very interested in starting something like this, especially since we are passionate about cars.
	A hundred percent.
	For example, right, I'll give you an example of a car that we purchased.
	We got a Maybach SUV. We put $40,000 down.
	That was $170,000.
	Payment was about $3,300 a month with insurance, okay?
	We were renting that car for $600,000, $700,000 a day.
	It was going out 15, 20 days a month.
	We made that $40,000 back within four or five months.
	So we got our money out within four or five months.
	Cars bang for itself.
	Risk free.
	Our money, you know, the money that we got tied up came out within four or five months.
	Profit.
	That's it.
	How should someone, how long should someone wait?
	Because that's a really good rubric there.
	How long should they, you think, is a good timeline for getting back into the, getting black as far as like their original investment into procuring the vehicle?
	For sure.
	So obviously, credit's huge, right?
	If you can put least money down, you're gonna get that out a lot faster.
	Yeah.
	But usually it takes, I say, six months.
	Six months.
	To be safe, six months.
	Okay.
	And get that money out.
	And that's with all cars or just specifically with your cars?
	Because you're buying like high-end stuff.
	I would say with all cars.
	I think it's kind of relatively the same, right?
	Like, for example, a Huracan, you're putting maybe 60, 70 down.
	Yeah.
	But we rent that for 1,200 a day.
	Okay.
	So if you're doing even 15, 20 days a month, it doesn't take you that long to get that money out.
	Okay.
	And then you're completely risk-free.
	Okay.
	So six months is a good thing to shoot for.
	Yep.
	Guys, don't freak out if you're not black.
	Exactly.
	Something I say too is even with the monthly payment, if the car is just paying for the monthly payment, you have to remember that every time you make your monthly payment, you're paying into the equity of the car.
	So that car pays for itself for a whole year.
	Let's say car payment is $4,000 a month and it's only making $4,000 every single month.
	Well, that's 50 grand that you put into that car that's pretty much free money.
	Look at it as a renter when they rent from you for your mortgage.
	They're paying it down for you.
	Exactly.
	So if you're renting for cars, they're paying the actual price of the car for you.
	At the worst case scenario, you're not coming out of pocket for the vehicle.
	And the asset's paying for itself.
	So you're owning more equity every single month because somebody else is paying for that.
	And the best part is, when it's not rented, you drive it.
	Exactly.
	Oh, yeah.
	Every weekend, if I'm going out, because I have so many cars now, you know, my investors are on such good relationships.
	All my investors are all making really good money.
	I'll just hit them up.
	Hey, I'm going to take the car out for, you know, five miles going here.
	Take it.
	Don't even ask me.
	Take the Ferrari out, you know, to wherever.
	You pull up to events in these cars when they're not rented, and all the eyes are on you.
	I hate to say it, but these cars, the attention that they bring, people want to know who you are when you pull up in a Ferrari.
	If you pull up in an Uber, they're not looking at you the same way as a Ferrari.
	Just to be transparent here as well, we met randomly at a ballet because he's into cars, I'm into cars, so connected to this.
	They'll be networking.
	And now we're doing business together and it's huge.
	But again, it's like, we know these cars, you pull up the spot, it isn't respect.
	Even girls, on some level girls like it even better as well.
	So it's like- There's conversations for sure.
	You got to have that like, oh, let me say this.
	You're coming into the game with a asset that people say, okay, he's somebody.
	Let me see what he's about.
	Yeah.
	At least so.
	No, man.
	I mean, this has been a really fast...
	I've been learning a bunch of taking notes and stuff like that.
	I think the audience is learning a lot.
	Like, this is fucking awesome stuff.
	Like, a lot of people...
	This is one of these businesses that, like, people want to start, but they kind of like, I don't know how to go about this.
	And they're, like, scared and shit.
	And you guys are answering a lot of the big questions that people have.
	Dude, I've always wanted to do it myself, but I didn't have the system or know how to do it or the marketing.
	He has it down pat.
	Actually, tell them about the formula real quick.
	Bill, put it real quick on the screen, the formula, and the marketing.
	Give me our crazy value.
	Yeah.
	The marketing that we do?
	Yeah, for the formula.
	So, say that one more time.
	How do you market, for example, getting your stuff out there?
	I know you do the reals, TikToks.
	So, yeah.
	So, this is actually huge too.
	What I found a lot of these guys do and what we were doing at first is we're getting content around the cars.
	You know, just getting videos of the cars, post them.
	That shit does not pop off on Instagram, on TikTok.
	The algorithm doesn't push that.
	The minute I started copying viral content ideas, street interview style contact.
	We would go up to random people on the street.
	Like to girls, we said, what car would you want to be picked up on a date?
	Five girls said Lamborghini.
	We posted it.
	Boom.
	Went absolutely viral.
	Got like an insane amount of followers engagement.
	So nowadays I kind of just copy like what's viral and I kind of base our content around that.
	And all you need for your page is you just want people to come to your page because they're gonna rent from you regardless, right?
	If they see your content go viral, they come to your page, they see you do exotic car rentals, they're gonna remember you.
	So many people have recognized me from Mercy.
	Oh, you're Mercy, I've seen you guys on Instagram.
	You know, one of our students, he said he saw one of our reels go viral like eight months ago.
	And he was like, I knew you guys were the ones when you launched this because I saw your marketing work.
	I saw, you know, from that reel, I followed you guys and I saw the growth.
	So just copy viral content.
	Don't get the content that you like, you know, especially when it's around cars because that shit doesn't work for some reason.
	Even that really cinematic, like, production-style content with cars driving, the exhaust sounding loud.
	Yeah, it can, but it's so hard to get that to pop off.
	Now, this isn't for everyone, but if you book a call with Jayden, you can qualify.
	Once you qualify, you'll move forward.
	Yep, 100%.
	As far as, like, getting their car in with him?
	Yeah.
	Calling them, or even, for example, getting mentorship, coaching.
	Yeah, no, for sure.
	To work with him?
	That's cool.
	All right.
	What's What's up next here?
	Myron, how do I do a proper lat down?
	My forearms always tire out first.
	Yeah, bro, go thumbless.
	That'll help you a lot.
	And then also focus on engaging your lats before you even pull.
	So what you're going to do is you're going to raise your arms like this.
	And what I want you to do is retract your scat like that and then pull down.
	You're going to feel it way more in your back.
	Yo, look at Snickle, man.
	Snickle's Rumble Rant.
	Thug Hellcat L Fresh C... Okay, I don't know what that means.
	No, he's saying L me because I said Hellcats are for niggas.
	Yeah.
	And then Ari goes, how should I start a Turo business in Toronto?
	Do I start with luxury sedans, SUV, or cheap cars?
	Any tips on operating a rental car business in Toronto?
	Well, you're from Canada.
	Vancouver, the other side.
	Vancouver.
	Toronto gets cold.
	Stick to the SUVs because if you want those cars out during the winter...
	I mean, those are the only cars that are really going to survive, right?
	But people are always...
	I mean, the nice thing with the winter months is people aren't walking.
	They want you to drive.
	They want to get picked up in an Uber.
	They want their own car.
	But in the summer, people might be like, you know what?
	Beautiful weather.
	I'll go for a walk.
	I don't need an Uber.
	I don't need to rent a car.
	So just stick to the cars that are winter-dependent.
	So the SUVs, the seven-seaters, those cars in a big city like Toronto are always going to do well.
	Always.
	WJD, man.
	Anything else?
	Are we caught up?
	Oh, last question.
	Last one for me, bro.
	Can someone actually drive a car for free, in your opinion?
	100%.
	It usually takes us, if they own these cars themselves, they're not getting investors, within four or five days, you're broken even on a Huracan.
	I mean, think about that for a second.
	You have 30 days out of the month, all you need is four days to break even, and these people are renting all the time.
	So many people want a Huracan, they want to drive a Huracan, but they can't afford one.
	So what are they going to do?
	They're going to rent one for the weekend.
	And people are like, oh, people aren't renting cars right now.
	Is that the most popular luxury car, you would say, that goes out the most?
	Like sports cars wise?
	Yeah.
	That and the Ferrari, you said F8? The F8. Like, my Huracan just came back.
	Or no, went out on a one-day.
	Has a four-day reservation on Friday.
	It was on a five-day last week.
	And I mean, I never see that car.
	The investor had to get another car because they never have that car either.
	So they went and bought a G-Wagon.
	And now that G-Wagon's out too.
	I think that car is a great car.
	It moves a lot down here.
	Yeah.
	Yeah.
	But you know what I hate, bro?
	I hate when guys rent a car, post on Instagram like it's their car.
	And I'm like, bro, we know who that car belongs to.
	It's our car!
	100%.
	Stop picking it, man.
	That's funny.
	I don't know how I came across this guy's Instagram page.
	But he, I guess he was in Miami, and he posted Fresh's car in the ballet like it was his.
	Yeah, bro.
	I'm like, nigga.
	I sent it to Fresh.
	I said, bro, isn't that your car?
	Yeah, bro.
	He's posting the SB with the doors up.
	That's my car, nigga.
	I laughed so hard.
	But to be fair, if I was renting cars, I'd do the same thing.
	If I'm in Miami for a weekend, I'm posting Mipop.
	This is what people do, right?
	Going to the club, getting bottles, in a Lambo.
	I'd post all that flex stuff.
	That's what you got to do.
	If you're spending that kind of money, you got to take advantage.
	See, I don't mind if you're posting it, but posting it like it's your car.
	Like, this is my car.
	I'm in mine.
	Look at me.
	Bro, come on, man.
	100%.
	That's whack.
	Nah, that's clown.
	That's clown, baby.
	You know what put in the bio?
	It's a rental.
	Then I respect you.
	At least you're honest about it.
	Yeah, tag my rental car company.
	Tag Mercy.
	Give me some love.
	Tag Mercy, man.
	Come on.
	Yeah, that's just funny.
	Come on, bruv.
	All right.
	That's it?
	No, we got more chats.
	We got more chats.
	Okay, Blicky Sticks goes, I live in a small town.
	Is there any way I can still do this?
	Do I have to move to do this?
	I live about two hours from Seattle.
	Can I do this remotely?
	Maybe.
	100%.
	See, now...
	I'm at the point where I can start a company, any city.
	I don't have to be there.
	And these guys can do the same thing.
	Any city is going to work.
	Like any city that has people, that has a little bit of tourism, you know, is going to work.
	100%.
	You're going to two hours from Seattle.
	So you can set up your cars in Seattle, bro.
	Exactly.
	Exactly.
	They'll be hanging out with, out the window, yelling, GLA, GLA, boom, all investing your money in nerd cards like flesh.
	You say, gra, gra, boom, basically being a...
	Niggas, speak English, nigga.
	I don't know what he's saying.
	See, that's why he gets a hook at.
	He's basically being a hootie, right?
	He's basically being a hootie, right?
	I live in a small town.
	Oh no, we got that one.
	Baywoods goes, I live in Dallas and I buy cars off the auctions and flip them.
	This is opening my mind to keeping the cars and renting them.
	Love this information.
	We got you, Baywoods.
	See, that guy's going to win because he's getting cars so cheap off the auction that he will not lose on depreciation.
	He had a straight cash flow for him.
	That's why you don't buy new cars.
	So, the goal is to get the car as cheap as you can.
	Hopefully not stolen, by the way, guys.
	And then go ahead, flip it, and start renting it out.
	That's probably better than selling it.
	It's better than selling it.
	For sure.
	It's cash flow you're creating for selling.
	Exactly.
	Consistent cash flow.
	Ike A goes, heard what you guys said to the guy from Nevada.
	I currently fix up cars and sell them in the Dallas area.
	What cars do you think would be best to start with for a car rental business in this region?
	Did we say Nevada?
	Dallas.
	Dallas.
	Okay, Dallas.
	That's a great city.
	It's a huge city.
	There's so much going on.
	Probably do some exotics there.
	For sure.
	It gets cold as well.
	You know, so you have to take that into consideration.
	All of those cities are going to get cold.
	So, my answer kind of remains the same.
	Those SUVs are always going to do well.
	Yeah.
	But, you know, I think those sports cars will...
	Dallas is a beautiful city in the summertime.
	They're probably pretty well.
	Corvette would do really well, for sure.
	For sure, for sure.
	Yep.
	Yep.
	Yeah.
	Uh...
	How's the maintenance on the exotics, and how do you know when to sell slash swap them out around?
	How many miles do they usually have before you sell them or stop renting them out?
	Good question, Albo.
	Good question.
	So it depends on the exotics.
	Like, Lamborghinis are bulletproof.
	I had a Huracan on the fleet at 70,000 miles, and it drove like new, no issues at all.
	And then you have Ferraris, which are more problematic.
	You know, McLarens are the absolute worst car maintenance-wise.
	I know from my experience, bro, McLarens, bro.
	Didn't it break down on you one time?
	Bro, my first exotic car I bought.
	Actually, I did a vlog about it on my channel.
	I'm ready, bro.
	I spent years going to car shows, parking in the back with my Toyota Camry.
	I'm like, yes, I'm finally going to a car show.
	This is amazing.
	I pull up to Pines Boulevard, right next to the Hooters, right?
	Bro, the car breaks down.
	Dude, I am livid.
	A girl that had been on the show saw him in there.
	Yeah, 10 minutes away from the car show.
	I'm like, yeah, my first car show with my exotic car.
	I can't wait.
	Blue McLaren.
	Car breaks down.
	I'm like, what's going on here?
	Whatever, whatever.
	Luckily, one of the girls from the show, I forgot her name, came with some food for me, but it was terrible, bro.
	I spent hours there waiting for a tow truck.
	Yo, McLaren just suck ass, bro.
	Yeah.
	McLaren suck, man.
	Sucks.
	Terrible builds.
	Great cars.
	Fun to drive.
	They look great.
	But terrible builds.
	So a car like that is going to cost you a lot of maintenance.
	You know what I kind of like put a like into?
	A hot chick that is high maintenance.
	Yes.
	She looks good.
	Beautiful eye candy.
	But to maintain her, bro, can cost some money.
	Fuck that shit, nigga.
	Not worth it, bro.
	It's not worth it, bro.
	Hell no.
	No, especially when you're trying to make money, because the last thing you want to do is have a car sit in the shop.
	Yeah.
	So what I recommend is get a pre-inspection done on these cars.
	Bring a mechanic to the dealer.
	Pay him a couple hundred bucks to look at cars with you, to take them for a test drive.
	Because I've had investors buy cars from dealerships, right off the lot, boom, engine lights on, 10K. Damn.
	So you've got to be so careful.
	And also, something that you do pretty well, Jaden, is you have a local mechanic that you guys work with for any issues at all for the cars.
	So anything goes wrong with the car, forget the dealership.
	Exactly.
	And he's almost given us his cost and everything because we give him so much business.
	Yeah.
	So an oil change on a Bentayga, we just did one, that would have costed $1,500 of the dealership, cost us like $300.
	Yeah.
	Yeah.
	Okay.
	What else do you got here?
	That's it?
	One last one.
	Okay, last one right here.
	Big things will go on.
	Yeah, you're good.
	Okay.
	Yeah, this has motivated me to do this.
	So this, along with my trucking business, is going to be profitable, especially here in Huntsville.
	It's growing like crazy here.
	Okay.
	Huntsville, Alabama.
	I'm sorry.
	So you said it's going like crazy out here.
	Cool.
	And then Devontae goes, can you start a rental car business with classical cars and is it profitable?
	Too difficult.
	Too niche.
	Too niche.
	I wouldn't do it.
	Yeah, it's a little too niche.
	Yeah.
	Anything else?
	Yeah, one more.
	Have you ran ads to a landing page and get clients there?
	How was that and do you recommend?
	I'm a guy that don't like to have his business depend on a platform.
	To be honest, most of our growth and our- Referrals.
	Yeah, we get a lot of word of mouth clients.
	We work a lot of brokers, so we don't really spend money on ads when it comes to finding clients.
	We just get so many people sent our way.
	And this is why if you're a good business in the car space, people trust you and they respect you and they push you everywhere because the business is kind of shady sometimes.
	And that's the good thing with starting with Turo, building up that clientele, moving in private and then getting word of mouth.
	Exactly.
	And you get your feet wet.
	You'll gain that experience.
	So when you do go private, you'll know how the insurance works.
	You'll know how everything works.
	And for anyone saying this is a scam, I dare you to do your own business, stand for this long, have this many clients, and still be intact.
	It's impossible.
	Yeah.
	So, 100%.
	Cool.
	So, guys, hope you guys enjoyed that episode, man.
	This was fucking fantastic.
	It was.
	I think probably one of our most thorough episodes when it comes to how to start a rental car business.
	Masterclass.
	Jaden, what can I find you, bro?
	So, if you guys are interested, you know, maybe you want mentorship or you're interested in mentorship, you want to ask more questions about the car rental game and how to get started, shoot me a DM on Instagram.
	My Instagram's at jcannonbloom.
	I'll respond to everybody that comes through.
	Just say you came from the stream and, you know, I'm really looking forward to getting you guys started if this is a company that you guys want to get your feet wet in.
	Cool.
	Bam.
	Guys, hope you guys enjoyed that, man.
	Like the video, guys, on YouTube.
	Like it on Rumble as well.
	We'll be back in about 10.20 p.m.
	with some girls.
	We'll catch you guys in the next episode.

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