The #1 Reason You Should Run Away From Turnkey Companies
I’m here today to talk to you about why you should run from pretty much every turnkey real estate company.
Want more articles like this?
Create an account today to get BiggerPocket's best blog articles delivered to your inboxSign up for free
Experience has led me to believe that the majority of turnkey companies out there are putting a ton of pressure on the investors that reach out to them to buy a property. A lot of them have sales departments that have to follow a specific process. That’s something I understand, but a lot of them don’t care who you are, what you do, and what your current circumstances are. A lot of them don’t care about the current market conditions or where the turnkey properties are located.
I’ve even heard stories of folks responding to companies and saying something like, “My family member just passed away.” Maybe tan unforeseen circumstance has arisen and they’re not ready at that point. Still, these companies put pressure on the investor to buy. They say, “If you don’t buy, the market will go up tomorrow and you will miss out on a deal.”
Guys, I don’t like any of that mumbo jumbo. I don’t like pressure sales tactics, and I don’t like people not caring about the client’s wants, needs, and circumstances. No one is willing to listen to the investor, and they just want to promote their agenda and move on the next victim. I hate it.
Related: The 5 Most Frustrating Turnkey Rental Issues Investors Face
Pressure From a Turnkey Company to Buy? Run the Other Way
I understand that investors need to be led down a certain path because ultimately they went to that turnkey provider for their product and for their service. They want to be educated, understand the process, and ultimately invest in turnkey real estate. But I’m confident that many of these investors don’t want to feel the pressure of purchasing a property. They want to be able to make a decision on their own time. It’s only right when it’s right for them.
So my two Australian cents to you is if anyone is putting pressure on you to make a decision, whether they are a turnkey provider or any other provider from a service or product standpoint, you should run away and never look back. I say that because when one door closes, another door opens. If you don’t a buy a property today, you’re going to buy one tomorrow. If you miss out on an opportunity today, you might invest in stocks tomorrow, you might buy crypto the next day, and you might invest in oil 10 years from now. There is always going to be an investment opportunity that you might stumble across and that fits your needs and risk level better. So please do not succumb to any pressure. Make decisions on your on time when it feels right for you based on your circumstances and the market conditions. I think it’s very important.
That’s it. Am I right? Am I wrong? What are your thoughts on this?
Please comment below. I’d love to hear from you.