I couldn't afford to buy rental properties at 25. So I started renting out cars instead.
Source: Business Insider ·
Saimah Chaudhry started renting out her Smart car at 25. She eventually built a fleet of over 50 vehicles generating hundreds of thousands annually.
From the source
Saimah Chaudhry started her business by renting her SmartcarCourtesy of Saimah ChaudhrySaimah Chaudhry listed her Smartcar on a rental service on a whim.She grew her fleet to more than 50 vehicles and was making hundreds of thousands annually.Five years ago, she launched a rental platform focused on electric vehicles.This as-told-to essay is based on a conversation with Saimah Chaudhry, cofounder and chief operating officer of Zevo. It has been edited for length and clarity.Back in 2015, I was working for a SaaS company that I'd founded. It mostly served clients in the restaurant industry, where my parents and grandparents were both entrepreneurs.One day, I was meeting with an out-of-town client who was staying in Manhattan Beach. He mentioned he'd rented the BMW he was driving from Relay Ride (which later became the car rental app Turo).That was the first time I heard of car sharing. I was working from home, and my Smartcar was definitely an underutilized asset. On a whim, I listed…
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