Anyone bought from Elite Rental (also called ProfitFromRentals) in Chicago?

6 Replies

Looking into turnkey companies in Chicago and trying to do my due diligence. I spoke with the boss over the phone, and the gentleman seemed like a good guy. I was wondering if anybody out there have invested with them and how was their experience.

Thanks in advance,
Leo

@Leo Qu  Yes, I have experience working with them and own a few properties. Although my primary focus is to stay local and invest in the Bay Area.

Since you are located in Cupertino, perhaps you would be interested in chatting more over lunch sometime. Some REI folks and I meet regularly in Cupertino for lunch. Or even better, come out to the monthly meet ups hosted by @Johnson H.  in SJ. Interestingly enough, I met @Dooreuhn Cee  at the last meet up and he also invests in Chicago... Give him a shout.

@Jay Y.  Thanks for the pointers! Sent you a PM : )

@Leo Qu  I haven't invested with them but I have interviewed one of the owners.  I think he lives in the bay area and answered a lot of my questions.  I had a good feeling after the meeting but ultimately I didn't think the time was right for me to invest out of state.

@Leo Qu  

There is an extensive discussion about the company in this tread. 

http://www.biggerpockets.com/forums/92/topics/126001-anyone-worled-with-profit-from-rentals

I have never invested with them but know the owner on a personal level and he is a good person. 

With turnkey it's a tradeoff between time and money. You can pay a premium (sometimes significant) for less work or you can get a better return by putting in more work yourself. I've done both, each has it's pros and cons.