First rental property in Sioux Falls

[Kelly Byrd]

My wife and I considering a multi-family or SFR rental in Sioux Falls. Once concern is that it's a smaller than other metro areas we're looking at so information seems a bit harder to come by. I am hoping to connect with folks on these forums that are willing give referrals for turnkey operators, property managers, agents who know something about investment property, contractors, or maybe just talk numbers and expectations for the overall rental market there. Obviously if anyone has specific deals, I'd like to hear about those too!

We're serious buyers, but I want to be upfront that this will be our first RE investment deal. I invested in some note funds last year, no actual property yet. We'd like this first deal to be pretty hands off, not looking to rehab, and we'll place it with property manager. 

[Pete Krentz]

I'm not aware of any specific "turn-key" places in Sioux Falls, but we do have a decent handful of property management companies. Keller Williams, and Hegg are the 2 major players for Realtors in Sioux Falls...I've worked at both companies. Keep in mind most Realtors will say they are great with investment properties but in my experiences maybe 1 in 100 actually is. They focus on personal homes so it's not really their fault, it's a whole different ball game.

If you have specific questions feel free to reach out to me. I'm no longer an active Realtor but I'm certainly willing to answer any questions about my home area!  I also have a pretty sizable network should you need assistance in any part of the process. Best of luck in your search!