Rent to retirement

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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
2y

RR has some very nice product .. however one just needs to look at any real estate venture with the same due diligence you would buying a home to live in.

home inspection verify neighborhoods etc.

My personal Experience with Zach the owner has proven over time he is very diligent in making sure his product and staff are on top of his clients investments..

that all said its still real estate so keep that in mind as well.

but as for integrity Zach has it from my point of view.

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    2y

    RR has some very nice product .. however one just needs to look at any real estate venture with the same due diligence you would buying a home to live in.

    home inspection verify neighborhoods etc.

    My personal Experience with Zach the owner has proven over time he is very diligent in making sure his product and staff are on top of his clients investments..

    that all said its still real estate so keep that in mind as well.

    but as for integrity Zach has it from my point of view.

    Podcast Guest on Show #222
    JLH Capital Partners51 Review
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  • Nick Benedick
    OP
    Member since 2024 · 14 posts · 11 votes
    2y

    Thanks for your response, they sound great, being on BP as an ad I would have to assume they are credible but I keep hearing $900 in cash flow and it just sounds too good to be true.  I guess next step would be to d heduke a call with them 

    0Reply
  • Michael Hansen
    Investor · Madison, AL · Member since 2020 · 40 posts · 26 votes
    2y

    I just bought one of their zero money down SFRs in alabama last year.  So far I'm happy with them.  Just from my experience, never trust the cash flow numbers.  I bought a turn key home from another outfit and their stated rent estimate was about 10-15% off.  I experienced the same through Rent to Retirement.  For what it's worth, I only own two rentals and I'm sure others may have completely different outcomes.

    1Reply
  • Nick Benedick
    OP
    Member since 2024 · 14 posts · 11 votes
    2y

    Michael, I know numbers are always estimates but was their decent cash flow like they advertise?  Atleast rents higher than the mortgage? 

    1Reply
  • Michael Hansen
    Investor · Madison, AL · Member since 2020 · 40 posts · 26 votes
    2y

    I can't answer that question.  The house I bought was a special case and I went it expecting negative cash flow.  I bought one of the houses they advertised as zero down and was a special case for Alabama (if I remember correctly).  

    1Reply
  • Greg ParkerBusiness Member
    Realtor, Contractor, Property Manager · Montgomery AL and Kowaliga, AL · Member since 2017 · 669 posts · 536 votes
    2y

    Double check those rent rates they are posting.

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  • Riley Schaefer
    Bismarck, ND · Member since 2017 · 56 posts · 201 votes
    2y

    @Nick Benedick I've invested with Rent To Retirement for years now and will continue.  Overall I have had a very predictable and overall positive experience investing with them across a few different markets for years.  I like the new construction products they offer that seem to be in better locations with more upside vs some of the cheaper stuff in the midwest.  Just my two cents.

    As everyone else has stated here, always go through the normal due diligence you would when buying any property regardless of who the seller is.  I think it's kind of funny that people always talk about doing your own due diligence as I thought that was pretty assumed with any investment, but I guess there are some people who may buy blindly like they do with stocks or whatever.

    1Reply
  • Zach LemasterBusiness Member
    Rental Property Investor · Denver, CO · Member since 2015 · 2k+ posts · 3k+ votes
    2y

    @Nick Benedick

    Thanks for the interest with our team!

    You bring up an interesting point about the "entrepreneurial spirit" around REI. In my opinion, the best thing you can do when building any business (including a real estate portfolio) is learn how to work ON your business, not IN your business. This means to focus your time in the areas that have the greatest value & impact such as how to scale your portfolio vs working in the weeds on things like property management, repairs, rent collection, etc. Your time is most valuable learning how to build a scalable business model, if that is what you want to do ultimately. All the successful investors on BP (myself included) have teams doing work for them to find, acquire & manage properties. That is how they create scalable businesses well beyond just owning a few rental properties.

    A great book to read that explains this is The Entrepreneurial Myth (The E-Myth) by Michael Gerber.  Definitely recommend this to anyone in business or real estate as it explains the ideas of focusing on your business and not in your business.

    All this being said, there is absolutely nothing wrong with acquiring your rentals on your own.  Rent To Retirement just tries to make that process easier for you to expedite your success & scalability.  We do this by allowing you to immediately tap into our teams/systems we already have in place in some of the best US markets while providing mentorship on how to effectively scale a portfolio.

    Thanks for letting me throw my hat in the ring on the topic.

    Of course, reach out anytime with any questions.

    Here are some additional links to other threads where people are talking about topics like out of state investing, TK, Rent To Retirement, etc.

    Best of luck to you!

    https://www.biggerpockets.com/users/ZacharyCole/references

    https://www.biggerpockets.com/forums/92/topics/765347-rent-to-retirement-review

    https://www.biggerpockets.com/forums/92/topics/1116050-a-huge-win-with-cori-from-rent-to-retirement

    https://www.biggerpockets.com/forums/850/topics/895660-my-first-investment-property-an-out-of-state-deal

    https://www.biggerpockets.com/forums/88/topics/1047543-big-profits-from-new-construction-sfr-build-in-cape-coral-fl

    https://www.biggerpockets.com/forums/92/topics/983659-first-investment-property-with-rent-to-retirement?

    https://www.biggerpockets.com/forums/92/topics/1162779-rent-to-retirement-academy-experience?highlight_post=6630770&page=1highlight_post=5677176&page=1#p5677176

    https://www.biggerpockets.com/forums/12/topics/1122318-quality-turnkey-companies?highlight_post=6413855&page=1

    https://www.biggerpockets.com/co/RentToRetirement

    [email protected]800-311-6781Podcast Guest on Show How to Get 10%+ Off Your Next Real Estate Deal Right Now
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  • Nick Benedick
    OP
    Member since 2024 · 14 posts · 11 votes
    2y

    Thanks Zach, I actually like your concept a lot, I have two young boys, a new daughter born November, my wife and I are realtors and I really wanna focus my time scaling our RE business for the next few years so a hands off approach for building my portfolio is very intriguing.  Where can we go from here to learn more details about R2R?

    1Reply
  • Zach LemasterBusiness Member
    Rental Property Investor · Denver, CO · Member since 2015 · 2k+ posts · 3k+ votes
    2y

    @Nick Benedick Congrats! I'm right there with you! My daughter is 9 months & son is almost 3. I love REI, but not when it becomes another full time job that takes away from family time.

    Check out our website link in my signature to set up an appointment with our team to learn about your investing goals, answer your questions & give you more information about how we work with investors.  After you have that initial call with our team, drop me a message so we can connect directly to make sure you have a clear vision on what the next steps are to accomplish your goals.

    Regardless of how you ultimately decide to get started in REI, the first investment property is so essential to get under your belt mentally & emotionally. This will allow you to get into the investor mindset to be able to focus on how to scale & expand your business over time!

    Appreciate you reaching out & we look forward to connecting with you Nick!

    [email protected]800-311-6781Podcast Guest on Show How to Get 10%+ Off Your Next Real Estate Deal Right Now
    Rent To Retirement5334 Reviews
    WebsiteView Page
    2Reply
  • Nick Benedick
    OP
    Member since 2024 · 14 posts · 11 votes
    2y

    Thank you and congrats to you too! I just booked a call, be in touch soon

    1Reply
  • Rod Ramos
    Member since 2023 · 2 posts · 0 votes
    2y
    Quote from @Nick Benedick:

    I feel like this goes against the entrepreneurial spirit of building your own portfolio but does anyone have experience with “rent to retirement” as featured on the ads for all the podcasts?

    Hello Nick,
    Thanks for starting this conversation/forum, I wondering some of the same things you are about R2R. So have you started working with R2R and how has your experience been so fare? 

    thanks 
    Rod 
    0Reply
  • Jane Trust Ryan
    Real Estate Broker · NY/NJ/PA · Member since 2024 · 9 posts · 2 votes
    2y

    @Riley Schaefer. Do you find there are "hidden" costs associated with using Rent to Retirement.  I really like their product but they are a business they deserve to make money.  They are probs getting buy side commission and the property management wondering if there are other costs that I am not thinking about.

    0Reply
  • Riley Schaefer
    Bismarck, ND · Member since 2017 · 56 posts · 201 votes
    2y

    @Jane Trust Ryan there are not any hidden costs from what I have experienced.  Everything is very transparent.  They source new construction investments throughout the country where they research the areas.  They then vet builders and inventory options to show them on their website.  Those builders pay them a fee to be shown on their site.  There are no buy side fees for the investor, which is nice.  Management is 3rd party in each area, and they typically provide a couple of different PM recommendations.  I've invested with Rent To Retirement on multiple properties over many years and shared my experience extensively on BP.  I have generally had a very good experience with them and I am still investing with them today.  I like the ability to easily invest in new construction deals throughout the country where teams are already set up in place and they are able to coach me through the strategy of how to accomplish my goals.  Definitely worth an initial conversation with their team if you haven't had one already.  Hope this helps.

    2Reply
  • Jane Trust Ryan
    Real Estate Broker · NY/NJ/PA · Member since 2024 · 9 posts · 2 votes
    2y

    Thanks!   I had a call with them. I am actually sitting in the airport going to close on 2 doors in an area where they are.  I am going to try and remote self manage and see how that goes but if it is tough I may use them for my next purchases.   Good luck to you

    0Reply
  • Joseph Bui
    Lender · Nationwide · Member since 2023 · 362 posts · 237 votes
    2y

    I haven't used rent to retirement yet. I found their numbers are accurate and their prices are a little high. I've used other turnkey providers and its nice a full end to end team on the ground. Happy to connect and knowledge share if you are interested.

    2Reply
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