Chicago Turnkey Companies?

5 Replies

Hi all, I'm new here.  I've been reading up on turnkey options and I think I understand most of the pros/cons, and realize it varies per market.  We are in San Francisco and we travel to both NYC and Chicago a good amount to see family.  Since both SF and NYC aren't realistic options, we were considering a purchasing a rental property in Chicago.  

Any recommendations on turnkey companies in the Chicago market?  Not sure if it's even worth it yet.  Thanks!

Disclosure: Turnkey Provider

Originally posted by @Jon Keilson :

Hi all, I'm new here.  I've been reading up on turnkey options and I think I understand most of the pros/cons, and realize it varies per market.  We are in San Francisco and we travel to both NYC and Chicago a good amount to see family.  Since both SF and NYC aren't realistic options, we were considering a purchasing a rental property in Chicago.  

Any recommendations on turnkey companies in the Chicago market?  Not sure if it's even worth it yet.  Thanks!

Well, I do not know much about the Chicago market, but I would recommend looking for a TRUE Turnkey provider, and not someone who uses the term in name alone. Ideally, the company will own, renovate, and manage the property all in house and not use any outside people to complete this work. You want to make sure it is not just some listing they are trying to sell you.

I would suggest looking at:

The Best Types of Markets for Profitable Turnkey Properties

and

What to Ask When Working With a Turnkey Provider

I’m headed up to Chicago next week to meet with a turnkey provider, I’ll be more than happy to share my experience once I get back. But I would also be interested in hearing more about other people’s experiences there. 

Thanks @Tom Ott , I've read both of your blogs and will definitely be using these while researching and reaching out to Turnkey companies.  I'm not sure Chicago fits criteria for what you suggested for turnkey target cities.  It has universities and lots of industry, but is sort of post-boom.  I think it's still the most convenient option for me right now though so I will keep digging!

@William Heilbron , yes would love to hear about your experience and which company you end up working with.  Thanks 

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