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Colby Burns
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Omni Key Realty insight for investors in North Texas.

Colby Burns
Posted May 13 2023, 23:11

Long time reader and first time poster. Has anyone ever purchased a property from Omni Key realty in North Texas? I signed up for their investor profile because I am interested in the appreciation in the North Texas (or northern suburbs of DFW) market. I have been to the DFW area a few times but not specifically to these northern suburbs, but I know that DFW is one of the fastest growing metro areas in the country with a robust economy, and I expect it to keep growing. Omni Key sells mainly single family with some duplexes, and advertises off market deals on new construction and in fill properties. Their pro formas felt optimistic with providing 6% annual appreciation and property management that is only about 6% of rent so I take it with a grain of salt (they offer their own property management services but it has terrible reviews on Yelp so I would probably go with someone else).  I just wonder about the quality of the new construction itself and the quality of contractors being used.   

Regards,

Colby

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Brad Larsen
Pro Member
  • Property Manager
  • San Antonio and Austin, TX
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Brad Larsen
Pro Member
  • Property Manager
  • San Antonio and Austin, TX
Replied May 15 2023, 05:48

@Colby Burns  Agreed regarding the PM side with them (A member of my spouses family had a horrible experience with them)  Regarding the construction side, I cannot speak to.  Here's an old article I posted a few years back - Key is good communication. 

You may want to listen this as an investor:  

https://www.biggerpockets.com/forums/52/topics/402958-investors---are-you-a-c-class-landlord

Best of luck!

Brad

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Lucia Rushton
  • Realtor
  • Dallas - Fort Worth Metroplex, Tx
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Lucia Rushton
  • Realtor
  • Dallas - Fort Worth Metroplex, Tx
Replied May 15 2023, 07:13
Quote from @Colby Burns:

You can also partner with an Investor friendly Realtor who has a team of PMs, GCs etc for you.  

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Kevin Paulk
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  • Rental Property Investor
  • Brooklyn, NY
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Kevin Paulk
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  • Rental Property Investor
  • Brooklyn, NY
Replied Apr 18 2024, 05:41

@Colby Burns 

Just curious if you moved forward with Omni Key. I just signed up with them.