Flashback Friday Ep 42 - Unexpected Success with Touro and Private Car Rentals - Cash Flow Baby!

In this Flashback Friday episode, we welcome back Ardranae Byer who shares that going private is a better option because you "can take 'em off the platform if you Want." She also discusses the pros and cons of being under the Touro umbrella versus doing it privately. She also shares that the pros of Touro are their protection plans and that they are supposed to screen the people before they're allowed on the platform. The cons of Toro are that they sometimes don't give you all of your money, and that they are more interested in the renter than the owner. ________________________________ Interested in investing in small multifamily? Learn more about The Microfamily Mavericks mentorship program here: ⁠https://www.microfamilymavericks.com/casestudy⁠ Check out our podcast website! Thesharethewealthshow.com Want to leave feedback or suggestions on our show? Take our survey: https://s.surveyplanet.com/c1xu5qdv ________________________________ [1:00 - 05:20] Black Professionals in the Industry Ardranae Byer discusses how she turned her focus to real estate and how it's helped her escape the gap She shares that she's currently working on transitioning out of her full-time job and into a part-time remote position How she's planning to retire in the next six months and leave the real estate industry altogether [05:21 - 09:52] Getting into the Car Rental Industry Ardranae shares how her niece saw the author's car on Touro and reserved it before the author even knew it was him or her She recommends going private over using Touro because you are directly to customer and have more control over your business [09:53 - 18:40] Tips of Being Under Touro Why she strictly financed her car under her name The pros is that they take care of you, for the most part The cons are you having to split your profits [18:41 - 26:09] Closing Segment The final questions Why in diversification there should always some type of diversity, in every aspect of life so you can learn Ardranae shares her strategy in choosing between Baltic Avenue and Boardwalk What’s next for Ardranae? Connect with Ardranae! Key Quotes “When you direct the customer, everything is on you, the insurance. So you have to go and get the proper insurance.” - Ardranae Byer “It is important that we always stay learning” - Ardranae Byer Connect with Ardranae Byer through . Follow her on Let’s get connected! You can find Nicole on , , or . Visit her website LEAVE A REVIEW & SHARE THE WEALTH by SHARING this EPISODE with someone who wants to learn the secret strategies of the wealthy and build an abundant life. You can listen to previous episodes of Share the Wealth Show .