Still need turnkey rental properties companies

4 Replies

I help local (CA) investors purchase SFR turnkey rentals in other states. It seems to be getting harder to find good companies that purchase, rehab, tenant, sell and then manage properties. Seems like a lot of last year's success-story companies are just wholesaling now. Does anybody know of reliable companies that have the buy-rehab-tenant-sell-manage business model? That doesn't wildly inflate the end value? I am especially interested in companies in the Midwest and South, although I already do have some contacts there.

well you can find about 50 of them on turnkey reviews.. then vette them..

inventory is getting harder to find in most areas..

markets have rebounded.. and the expectation of massive cash flow is not what it was when everyone was buying in 2011.. and thinking that is the norm or how it will always be.

I funded a bunch of turn keys for instance in Orlando in excess of 200 of them.

Not only Is the big real estate wholesaling firm NO more.. but the turn key operator is now building new construction and doing commercial.. no need to sell to investors when homeowners will buy them and they can make 30k a door and not get accused of making too much money LOL...

Originally posted by @Judy Graff :

I help local (CA) investors purchase SFR turnkey rentals in other states. It seems to be getting harder to find good companies that purchase, rehab, tenant, sell and then manage properties. Seems like a lot of last year's success-story companies are just wholesaling now. Does anybody know of reliable companies that have the buy-rehab-tenant-sell-manage business model? That doesn't wildly inflate the end value? I am especially interested in companies in the Midwest and South, although I already do have some contacts there.

I would listen to @Jay Hinrichs . Turnkey Reviews can point you in the right direction or search the forums on here. It is harder to come by inventory or honest Turnkey Providers. It seems many companies are just wholesaling, or selling properties off of the MLS and using the word Turnkey to attract OOS investors.

Keep it up! I am sure you will find someone to go with! Good luck!

@Judy Graff Absolutely right that it is much more difficult to get a good cash flowing deal with a truly reliable and trustworthy turnkey company in most markets now.  Competition for the underlying assets (distressed properties) has become fierce in some areas even as inventory has shrunk.  Knowing what you are getting becomes that more crucial.  Also know who you are buying from.  Make a visit to any market and provider you are considering working with.  Expect lower returns than could have been had even 12-18 months ago, and expect to hold the turnkey property for at least 10 years.