Who has worked with BNB-Turnkey?

[Michael C berry jr]

Hello BP Family,

I'm inquiring if anyone has worked with BNB Turnkey? A company operated by the STR guru Matt Elefante. Below explains what my phone initial call was like. My questions are, have you used or worked with BNB Turnkey, what positives/negatives did you have in your experience, should I just buy my own Airbnb?

I've just had my first phone call with the company and they are what the name states. A company that finds you a profitable STR, helps you acquire, remodel, furnish, list, and manage your own STR. The benefit to me is they do a lot of the leg work and the benefit to them they manage a knowingly profitable STR. They sent me a few case studies after the call to highlight some of the properties they have done. Markets were in Fl, SC, NC, VA, and AZ. COC returns for the properties in the above states were all in the 20 percentile with one at 42%. They require a minimum CoC return of 15% for properties and a minimum $250,000 investment to the property. It sounds great but is it?

[Josh Green]

Quote from @Michael C berry jr:

Hello BP Family,

I'm inquiring if anyone has worked with BNB Turnkey? A company operated by the STR guru Matt Elefante. Below explains what my phone initial call was like. My questions are, have you used or worked with BNB Turnkey, what positives/negatives did you have in your experience, should I just buy my own Airbnb?

I've just had my first phone call with the company and they are what the name states. A company that finds you a profitable STR, helps you acquire, remodel, furnish, list, and manage your own STR. The benefit to me is they do a lot of the leg work and the benefit to them they manage a knowingly profitable STR. They sent me a few case studies after the call to highlight some of the properties they have done. Markets were in Fl, SC, NC, VA, and AZ. COC returns for the properties in the above states were all in the 20 percentile with one at 42%. They require a minimum CoC return of 15% for properties and a minimum $250,000 investment to the property. It sounds great but is it?

I've serviced clients that have taken part of, or even their full "hands off" course. I can confidently say it'd be worth a call with me before you dump a ton of money into that service. Also, they aren't getting you a 20% CoC return with an upfront investment of $250k (if they're talking fully hands off). It's something achievable at higher cash points though.