Turn Key Rental Properties Fl/TX

[Marco Batista]

Anyone know any businesses that supply turn key rental properties in Florida or Texas? 

Happy New Year! 

[Zach Lemaster]

@Dan Thomas

Thanks for the insight.  I'll let Patrick share his insight as well.  To answer your question, yes, this is very much a regional issue.  There is a lot of building going on in SWFL, and the permitting office is simply backed up & understaffed.  The actual ground up construction should be in the 4-6 month range, but unfortunately we are all at the mercy of the permitting office.  Anyone building in SWFL can attest to this timeline.  Good news is the market is growing dramatically causing a strong increase in rents & appreciation during the construction process providing excellent cash flow & immediate equity!  For example, a year ago we were projecting rents at ~$1,800 with about $20k in immediate equity on the same 4/2 model.  Now we are seeing rents in the $2,200 to $2,400 range with $50k+ of immediate equity.  It is a bit of a wait, but the wait is most definitely worth it once the home is completed!