References for turnkey providers

[Joey Rahman]

First time investor. I do own a house in Austin, but zero handyman skills. Looking to use a turn key providers to buy, rent, hold in Dallas. Any references?

[Chris Clothier]

Quote from @Joey Rahman:

First time investor. I do own a house in Austin, but zero handyman skills. Looking to use a turn key providers to buy, rent, hold in Dallas. Any references?

 Hey Joey,

Happy to assist you if have questions or want additional references on a passive, turnkey investment. My families' company, REI Nation has our main offices in Memphis, TN. but our secondary office complex is in Southlake, TX. which is a suburb in the Dallas/Fort Worth metroplex. We manage roughly 2,000 single-family investment homes for passive investors like yourself in the Dallas, Houston and San Antonio areas. I can assure you that the Dallas market, one of the fastest growing metros in the country, is neither saturated nor is it a market past it's prime. We also operate in Oklahoma, Arkansas, Missouri, Tennessee and Alabama, so we cover most of the Mid-south. Same goes for the other markets, these cities are not saturated from an investment standpoint.

As for the advice that @Bruce Lynn gives, while it may take a bit more work and possibly more relationships than a true turnkey purchase, you can absolutely work with a realtor and hire a management company yourself in the DFW area. Bottom line is DFW can be a very good market depending on your needs and expectations as an investor no matter how you go about investing there. As for REI, we will buy, renovate and sell 10-15 properties a month across the metroplex and at the price point we purchase and the high level of renovation we perform, the rents we are able to achieve are closer to the .75 range, not 1%. I agree with Bruce that if you are quoted higher rents on a finished property, they usually come with a higher risk that has to be factored in. I don't know of too many other companies operating a true turnkey offering in DFW.

I know that Texas Turnkey is a quality company but I think they operate primarily in the Houston, TX. area.   Again, happy to help if you have questions about what to look for and how to set your expectations for a truly turnkey experience and property.  Best -