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George Madden

๐Ÿ‘ค Speaker
326 total appearances

Appearances Over Time

Podcast Appearances

Right About Now - Legendary Business Advice
From Side Hustle to $10K/Month: Inside the Rental Car Business with George Madden and Car Rental Coach

with under five cars.

Right About Now - Legendary Business Advice
From Side Hustle to $10K/Month: Inside the Rental Car Business with George Madden and Car Rental Coach

One to five cars really isn't that much different to manage, but don't buy a bunch of fixer-uppers and not have any of them ready and then they all sit there and not being rented.

Right About Now - Legendary Business Advice
From Side Hustle to $10K/Month: Inside the Rental Car Business with George Madden and Car Rental Coach

Get one car, put it on the road, learn the system, see if you like it, and then start to scale from there.

Right About Now - Legendary Business Advice
From Side Hustle to $10K/Month: Inside the Rental Car Business with George Madden and Car Rental Coach

That's good advice.

Right About Now - Legendary Business Advice
From Side Hustle to $10K/Month: Inside the Rental Car Business with George Madden and Car Rental Coach

I know it probably depends on the market.

Right About Now - Legendary Business Advice
From Side Hustle to $10K/Month: Inside the Rental Car Business with George Madden and Car Rental Coach

Yeah, I'm sure it does.

Right About Now - Legendary Business Advice
From Side Hustle to $10K/Month: Inside the Rental Car Business with George Madden and Car Rental Coach

Don't go buy Ferraris if you're in Greenville, South Carolina.

Right About Now - Legendary Business Advice
From Side Hustle to $10K/Month: Inside the Rental Car Business with George Madden and Car Rental Coach

They're probably going to sit on the shelf.

Right About Now - Legendary Business Advice
From Side Hustle to $10K/Month: Inside the Rental Car Business with George Madden and Car Rental Coach

Greenville's up and coming, but it's not LA.

Right About Now - Legendary Business Advice
From Side Hustle to $10K/Month: Inside the Rental Car Business with George Madden and Car Rental Coach

I've always wondered what the sweet spot is.

Right About Now - Legendary Business Advice
From Side Hustle to $10K/Month: Inside the Rental Car Business with George Madden and Car Rental Coach

You want it to be practical.

Right About Now - Legendary Business Advice
From Side Hustle to $10K/Month: Inside the Rental Car Business with George Madden and Car Rental Coach

You want it to be affordable, but you want it to be reliable.

Right About Now - Legendary Business Advice
From Side Hustle to $10K/Month: Inside the Rental Car Business with George Madden and Car Rental Coach

But then those cars also only get $30 or $40 a day.

Right About Now - Legendary Business Advice
From Side Hustle to $10K/Month: Inside the Rental Car Business with George Madden and Car Rental Coach

How do you find these sweet spots of what cars to get?

Right About Now - Legendary Business Advice
From Side Hustle to $10K/Month: Inside the Rental Car Business with George Madden and Car Rental Coach

We do a market analysis in every single area because it can change.

Right About Now - Legendary Business Advice
From Side Hustle to $10K/Month: Inside the Rental Car Business with George Madden and Car Rental Coach

But if we're looking at just the United States in general, what I've seen become the most profitable and how I've built my business.

Right About Now - Legendary Business Advice
From Side Hustle to $10K/Month: Inside the Rental Car Business with George Madden and Car Rental Coach

We're talking economy cars here that are older, higher miles, and we're trying to find them for about under $12,000 with everything said and done to have the car ready to go.

Right About Now - Legendary Business Advice
From Side Hustle to $10K/Month: Inside the Rental Car Business with George Madden and Car Rental Coach

Because these $10,000 to $12,000 cars are renting for the same amount of money as a $25,000 or $30,000 car.

Right About Now - Legendary Business Advice
From Side Hustle to $10K/Month: Inside the Rental Car Business with George Madden and Car Rental Coach

For example, a killer car for me last year, this car brought in over $15,000 in revenue.

Right About Now - Legendary Business Advice
From Side Hustle to $10K/Month: Inside the Rental Car Business with George Madden and Car Rental Coach

This was a 2017 Mitsubishi Outlander Sport that I got for $8,300.