Best Turnkey providers in Cleveland that meet these criteria

11 Replies

I am looking to expand my investments in Ohio and like to get into the Cleveland area. So far I have been in the Dayton Cincinnati area and work with a great TK provider.

I hope the community here can give input which proven TK providers in Cleaveland and the surrounding area I should consider.

Here are the criteria I always apply:

  1. - TK finds the property in A and B class neighborhoods that need renovation
  2. - Renovations include all major systems and I as an investor get to see/sometimes expand the renovation - SOW
  3. - Sales price is at or below appraisal value
  4. - TK is responsible for full-service property management @ 10% of rent or less
  5. - Rent income is between .85 - 1% of the sales price
  6. - Property is offered financeable (TK does not only offer cash-only options)
  7. - TK offers warranties on renovation work
  8. - TK aims to secure long-term rentals (multi-year)

Ideally, I am looking for a Cleveland TK that meets or exceeds all these criteria. If you know any, let me know their names and contact data, and please share your own experience with them. That's always the best way to know they keep what they promise.

Thanks in advance for your input

    Smartland and Martel Turnkey are the only turnkey providers in Cleveland that I'm aware of. You might find a one-off property from either of them in a B class neighborhood, but they almost exclusively operate in C class neighborhoods. Once turnkey providers markup the sale price to account for their time finding and renovating properties, there isn't be much profit for landlords in A & B neighborhoods. To make the numbers work in A & B neighborhoods, you almost need to find properties and manage the renovations yourself.

    @Matt Thompson Thank you Matt. Have you worked with them or how did you learn about them and them meeting the criteria?

    I agree with your point but I am looking for them with a certain strategy in mind where I could make it worth their while to find properties in B-class neighborhoods. I am looking for long-term partners to buy from, not just a one-off deal.

    Originally posted by @Axel Meierhoefer :

    @Matt Thompson Thank you Matt. Have you worked with them or how did you learn about them and them meeting the criteria?

    I agree with your point but I am looking for them with a certain strategy in mind where I could make it worth their while to find properties in B-class neighborhoods. I am looking for long-term partners to buy from, not just a one-off deal.

    I haven't worked with either of them. I heard about them through this site.

    Originally posted by @Axel Meierhoefer :

    I am looking to expand my investments in Ohio and like to get into the Cleveland area. So far I have been in the Dayton Cincinnati area and work with a great TK provider.

    I hope the community here can give input which proven TK providers in Cleaveland and the surrounding area I should consider.

    Here are the criteria I always apply:

    1. - TK finds the property in A and B class neighborhoods that need renovation
    2. - Renovations include all major systems and I as an investor get to see/sometimes expand the renovation - SOW
    3. - Sales price is at or below appraisal value
    4. - TK is responsible for full-service property management @ 10% of rent or less
    5. - Rent income is between .85 - 1% of the sales price
    6. - Property is offered financeable (TK does not only offer cash-only options)
    7. - TK offers warranties on renovation work
    8. - TK aims to secure long-term rentals (multi-year)

    Ideally, I am looking for a Cleveland TK that meets or exceeds all these criteria. If you know any, let me know their names and contact data, and please share your own experience with them. That's always the best way to know they keep what they promise.

    Thanks in advance for your input

      I am not a turnkey provider of course.. but i just took back a duplex in strong B area and totally renovated it top to bottom new everything and it would tick all your box's plus..  there are many managers in the area that will manage for you I can refer U to the one who marshaled my reno and is now tenanting them..  And they have others not only mine but other properties i have financed for them that will meet your criteria.. and its not smartland or Martel ..