Trusted Turnkey Providers

[Sean Bizjack]

Who out there has worked with a turnkey provider who provides investment opportunities for SFR, duplexes, triplexes, and quads? Please only recommend companies who you trust in word and deed and have high cash flows with low maintenance costs and tenant placement fees. Can be any U.S. market.

Thanks BP fam!

-Sean in ATL

[Bryan Blankenship]

@Sean Bizjack There are a few great ones around the MidWest, but you may find it difficult to reconcile "low maintenance costs" and "high cashflow" together. Low maintenance costs come from quality properties that sit somewhere in the A/B/C+ class range, and the higher you push the class, the lower your cashflow will end up being overall.

Thoroughly vet whatever companies you might want to work with, and the area that they operate in. Some places will be able to offer you a really solid B class single family that gets you $300/mo in cashflow, but it's probably more common for the cashflow to be $200-$275/mo after ALL expenses (taxes, insurance, property management, vacancy, maintenance, mortgage payment, etc). HOWEVER, if you are buying in all cash, that changes drastically, of course. As you dip down into C to C- class properties, you might see higher cashflow numbers, but those maintenance costs after a year or two will NOT be low.

Multifamilies are in really high demand still from what I see. Anytime we get a duplex or a quad, we get flooded with requests for them. Cashflow on one of our typical quads if you're using financing is usually $700+/mo or so. You might be able to buy more than you think, too. Some providers may offer seller financing on their larger multifamilies if you qualify!

Most true turnkey companies won't charge you for placing the first tenant, either.