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Updated almost 8 years ago on . Most recent reply

User Stats

21
Posts
7
Votes
Menalik Archer
  • Rental Property Investor
  • Fort Lauderdale, FL
7
Votes |
21
Posts

Turnkey Rental Properties and Recommendations

Menalik Archer
  • Rental Property Investor
  • Fort Lauderdale, FL
Posted

Hi All,

I'm just starting out and ready to buy some turnkey rental properties. There's one company that sends me listings every so often but when I google the company, nothing shows up except for their main webpage. The deals are fantastic as far as the numbers go but I'm hesitant to "give money out over the internet" to a company that I can't do much due diligence on. I spoke to a rep and he seems very knowledgable about the process.

1. What questions would YOU ask them before doing business with them?

2. Can anybody recommend a reputable Turnkey Company that they've worked with? I'm looking for properties around 100k or less to start with.

Thanks!

Most Popular Reply

User Stats

670
Posts
352
Votes
Jeff Wallenius
  • Specialist
  • Indianapolis, IN
352
Votes |
670
Posts
Jeff Wallenius
  • Specialist
  • Indianapolis, IN
Replied

@Menalik Archer if you can't verify the track record of a turnkey operator that's a red flag in itself. There are quite a few potential pitfalls with dealing with turnkey rentals and a whole myriad of questions that you need to ask. What areas are you looking to invest in? What's your goals? I'm happy to assist if I can, feel free to PM me for additional.

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