Got someone here from New York City looking to take a room and commute back for work. Currently lives in the Bronx. He drives for Uber/Lyft claims he makes 1500-2000 a week. That's no money in NYC. Says he can't afford NYC and they have family here. Moreover, this pay sounds very high for Uber/Lyft. They'd make more in NYC, but I'm not sure he's doing that.

I read somewhere here recently where NYC has put some curbs on these guys because they're killing the Medallion taxi cab guys. I used to have a couple of clients who were Medallion cab drivers. Back in the day, getting a Medallion could set you back $ 1.0 million. With Uber and Lyft, the value of those things has plummeted which not only throws the drivers underwater, but the banks who finance the Medallions.

Wife works in a restaurant in Manhattan, but will try to find a job locally once they move. We're about 80 miles outside of NYC, but that's a 2.5 hour commute with traffic during the week and about 1.5 hours off peak. (There are many people in this area who commute back and forth to NJ and NYC. They're here because they can't afford those areas). Double occupancy room rate is $ 225 a week and the guy did not blink.

If I take him, he'll probably be a short termer. If he's telling the truth, he can easily afford an apartment in this area. To be honest, I prefer the tenant to be poorer than this because of the longer potential stay. We'll see what happens. When I asked for backup, he claimed that he "deleted" it. When confronted with the fact that this information is readily accessible on their website, he asked if he could send me the last month because of so many screen shots--I said send me the last three. Let's see if he goes Casper on me...LOL.

Gross or net income?

The deal with these ride share services is a driver must have a car that meets very strict specifications. We looked into it a few years ago as a side gig for my stay-at-home wife, but the requirements for the vehicle were cost prohibitive. Many websites that analyze the earning potential say that realistically, ride-sharing drivers should expect to earn between $9 - $15 / hour.

I too read that the Medallion taxi cab drivers in NYC and especially anyone who recently purchased a Medallion have been suffering tremendously after Uber/Lyft became so popular. For your prospect, I'm guessing that he's stretching the truth about his pay, however, I've heard similar stories about drivers who head to San Francisco and the SF Bay Area during major events to work non-stop. One story noted that drivers do drugs to stay awake to make money around the clock. Then they head back to the suburbs far away.

G,

The articles I read show the drivers clearing $2 per hour after auto expenses. No one likes to talk about the wear and depreciation on the car.

We have a res who drives part time and makes $200 on the weekend. He does it for the cash in hand and does not care about the car.

BRAD