Turnkey provider recommendation (Morris, R2R, Roofstock, others)

8 Replies

Hi, just starting my RE investment journey. looking for turnkey providers recommendations. I cannot actively involve in maintaining the property (especially out of state one) so looking for a good turnkey provider with whom I can build a long term relationship and build a good cashflow portfolio. 

any advice/recommendation? so far, I found Morris Invest, RentToRetirement, RoofStock (not sure if this is fully turnKey but they have good list of inventories and easy to run cashflow & other return analysis). does anyone has first hand experience with any of these providers or others? thanks in advance. appreciate your time.

Originally posted by @Gokulraj Mohanasundaram :

Hi, just starting my RE investment journey. looking for turnkey providers recommendations. I cannot actively involve in maintaining the property (especially out of state one) so looking for a good turnkey provider with whom I can build a long term relationship and build a good cashflow portfolio. 

any advice/recommendation? so far, I found Morris Invest, RentToRetirement, RoofStock (not sure if this is fully turnKey but they have good list of inventories and easy to run cashflow & other return analysis). does anyone has first hand experience with any of these providers or others? thanks in advance. appreciate your time.

 For more info on Morris Invest check out the links below.

Clayton Morris Loses $7.2 Million Lawsuit against HoltonWiseTV

Clayton Morris / Morris Invest House of Cards starting to fall.

@Gokulraj Mohanasundaram

Thanks for the interest in RTR!  I've posted a few links below from other investors that have worked with us that might be helpful for you to review in answering your question.

As James mentioned Morris Invest is involved in quite a bit of legal issues right now with investors that did not have a turnkey experience.  You can find this with just a little research on google or BP.  Roofstock is more of a general marketplace for properties vs working with one solidified team throughout the whole process.  Just depends what you are looking for.  @Chris Clothier is the owner of REI has an excellent reputation. They have been in business for many years so I would recommend exploring them as well. I hope this was helpful, and we look forward to connecting with you.

Here are a few links to people who have worked with Rent To Retirement:

https://www.biggerpockets.com/users/ZacharyCole/references

https://www.biggerpockets.com/forums/92/topics/518583-feedback-on-renttoretirement-and-zach-lemaster

https://www.biggerpockets.com/forums/92/topics/765347-rent-to-retirement-review

https://www.biggerpockets.com/forums/850/topics/895660-my-first-investment-property-an-out-of-state-deal

https://www.biggerpockets.com/forums/92/topics/983659-first-investment-property-with-rent-to-retirement?highlight_post=5677176&page=1#p5677176

https://www.biggerpockets.com/co/RentToRetirement

@Gokulraj Mohanasundaram

Dont think of RE as a totally hands off investment. Whether you invest locally or out of state, your supervision will be needed on property managers and maintenance work orders. Otherwise you will learn the hard way how your cash flow will be compromised.

for $300 to $400 a month, you can look locally whether you are in bay area or in southern ca. Lots of opportunities for entry level investors not in metropolitan areas but a little further away.

You can also review multifamily syndicators who can give similar returns or REITS in the equities arena.