Is Turo income active or passive?
Is Turo income active or passive? With a peer-to-peer car-sharing program like Turo, you're earning money by renting out your personal property. That means it's technically possible for your rental income to be treated as “passive.”
What did Turo used to be called?
In November 2015, RelayRides changed its name to Turo in order, the company said, to reflect the company's shift away from short-term to long-term rentals. Forbes included it among 14 hottest on-demand startups in 2015, with a valuation of $311 million.
Is renting your car passive income?
You can earn truly passive income by sharing your car whenever you don't need to drive it. Unlike those working for rideshare or food delivery companies, you don't need to spend time behind the wheel or interacting with others in order to earn money sharing your car.