Turnkey
I recently became aware of bigger pockets and it’s a great community for experienced and newbie investors like myself. I have read many posts from people that don’t like turnkey rentals or out of state properties. First of all I live in California and the price on real estate is ridiculously expensive. I also have a disability that limits my driving so a turnkey seemed to be for me.
My family and I bought two properties from Profit from Rentals and Justin Ericson. Unfortunately, we had a theft and vandalism claim and the insurance company left us in limbo for a year and then denied us. This left us with no cash flow and a vacant and damaged property. I am on disability so I didn’t have the extra money to repair the rental. The owner Justin has been a tremendous help in not only helping to repair one of our units out of his own pocket, but in finding a lawyer and putting up the money to litigate.Being out of state is scary in not knowing who you can trust. I think it is rare that a person shows integrity in the way Justin has treated myself and my family even after the sale.I know people have different tastes about turnkeys, but there are a few trustworthy companies out there.