One of our primary goals is to leave equity in the deal for an investor who purchases one of our turnkey properties. We do this by finding the right deals on the front end and using our in house maintenance to keep the cost of renovations fair. The turnkey business model is great for investors who want to get a good return on investment without all of the stress of finding a property, dealing with financing, coordinating subcontractors, showing and renting a property, etc. etc.
However, the turnkey model also means that we place a premium on ensuring that all deferred maintenance is taken care of before we complete a property. Having this maintenance completed helps ensure that your cash flow will not get eaten up by items that have been neglected. To provide a high quality product that maximizes long term cash flow we won’t cut corners.
So with all that being said it is a priority for us to leave equity in every deal for investors but it isn’t practical to buy a turnkey property at a foreclosure type discount.
If you want to purchase a rental property with reduced risk, reduced work, and reduced headaches then purchasing a turnkey property is probably a good fit for you. Real estate is a great investment but ask anyone who has been in it for a long time and undoubtedly they can tell you some horror stories. Our model ensures that your investment in real estate is passive. We will keep a watchful eye on your property without you having to worry or deal with the day to day headaches of owning a rental property.
If you would rather take on the risk and work related to finding and managing a property it is possible that you can find better return on investments than by using a turn key model. Turnkey models are meant to help reduce the risk of investing in real estate. In any investment the higher the risk, the higher the potential return. Just be careful because the wrong investment in real estate could set your investing career back years, or worse.
Also if you like to be intimately involved in the day to day operational details of your property and residents, a turnkey rental and property management are probably not a good fit for you. A turnkey property is more for investors that truly want to be passive. But just to be clear, being passive in our world doesn’t mean that you're completely unaware of what’s going on at your property. We provide real time reporting data at your fingertips that details everything happening at your property.