Memphis area turnkey properties

12 Replies

I have a full-time job and so I will be booking a trip to Memphis in the upcoming week or two to meet with turnkey providers. This route will get me in the door with out of state investing.

I'm in it research phase and I wanted to get your recommendations on which ones I should check out.

Below is what I have so far, and so I will book appointments and go meet them in person.

What questions do you think I should be asking?

1- https://turnkeyinvestproperties.com/

2- https://renttoretirement.com/

3- https://www.memphisinvestmentproperties.net/

Your input is greatly appreciated.

Best

Sam

@Sam Sala

I recently purchased a rental property in Memphis from Memphis Turnkey Properties in August. I plan to write an entire article about the experience after one year of ownership. Although I don't have a second point of reference, the purchase did have a few minor bumps. The part I am looking for is how well CB Properties (the property managers for Memphis Turnkey) maintains the property, keeps tenants happy and in place and if there are repairs that eat into the cash flow.

That's awesome, Please let me know when you publish the article, looking fwd to reading it. 

Is this the only provider you dealt with in Memphis? did you use one the above mentioned turnkey providers for the one you purchased in August?

Best

Originally posted by @Patrick Owens :

@Sam Sala

I recently purchased a rental property in Memphis from Memphis Turnkey Properties in August. I plan to write an entire article about the experience after one year of ownership. Although I don't have a second point of reference, the purchase did have a few minor bumps. The part I am looking for is how well CB Properties (the property managers for Memphis Turnkey) maintains the property, keeps tenants happy and in place and if there are repairs that eat into the cash flow.

 

@Patrick Owens

And, not to be too negative, remember Memphis is ranked as the #4 most dangerous city in America (Minniapolis is #20). So, be careful where in the city you invest or you may find rent collection or eviction very difficult- even for the property manager. I speak as someone who lived there for 36 years.

@Sam Sala

I will place it here in Biggerpockets.

I think there are several Bigger pockets blogs on vetting your turnkey company that would provide a list of quality questions.

Btw, Memphis Turnkey Properties is here on Biggerpockets.

My only other recommendation is that you research the area that they recommend purchasing in. Just in case you and the property manager part ways (for whatever reason). Will you or a new property manager be willing to take on the property management?

Sure. I invest in the Memphis area. I've purchased a property with MemphisPropertyInvest. I have not complaints about that company. Very professional and someone always had an answer to any questions that I had.