Turnkey Pros/Cons & companies to work with or not

[DeDee Stump]

I'm considering working with a turnkey company to building a residential RE portfolio with. I'm looking for input on the pros and cons of doing this. Also, if anyone can recommend a reputable company to work with or a heads up on any I should avoid. Thanks!

[Tom Ott]

Originally posted by @DeDee Stump:

I'm considering working with a turnkey company to building a residential RE portfolio with. I'm looking for input on the pros and cons of doing this. Also, if anyone can recommend a reputable company to work with or a heads up on any I should avoid. Thanks!

Turnkeys can be great! I always suggest making sure you go with a TRUE provider. The company should, own, renovate, and manage the home for you all themselves. I have heard of some companies who turn you over to a management company after the same. To me that is confusing? They just wanted to make the sale and be done with you. 

I would suggest looking at:

The Best Types of Markets for Profitable Turnkey Properties

and

What to Ask When Working With a Turnkey Provider