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Updated over 4 years ago on . Most recent reply

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Tyler Smith
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Do Turnkey STR company's exist?

Tyler Smith
Posted

Is there such a thing?
I'm looking for a turnkey STR property with management already in place and a track record of performance with little to no repairs etc. Is there a company with listings?

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Nancy Bachety
  • Rental Property Investor
  • Sag Harbor, NY
622
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Nancy Bachety
  • Rental Property Investor
  • Sag Harbor, NY
Replied
Originally posted by @Zachary Beach:

we achieve this be optimizing revenue being more efficient than an individual owner could possibly be and not making that much profit per property. Less than 1% of owners in our market would make minimum wage for the time they have to put into a property for extra money they would get from having us manage it. They would literally have to be a top property clean it themselves and fix everything to get more take home pay than we offer passively per property.

 1% of owners would make Minimum wage? What is your fee and how smart are you or how “busy/inexperienced” are your owners? Those are big statements. 

Most STR self managers here could be turn key STR owner-sellers...if we weren't so successful.

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