What are good questions to ask when looking for a good turnkey real estate investment service company?

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I definitely agree with a lot of what @Rob Cee mentions. I live in LA and have only bought turnkeys, and have dealt with the good and the bad of them. I think one of the best things you can do, as Rob suggests, is ask for referrals from investors who have bought turnkeys. First ask for recommendations, then once you start honing in on one you are interested in, just remember that there is literally nothing about a turnkey buy that you can't verify. So anything a turnkey provider tells you, you can check up on it with no problem if you know what you are doing. Turnkeys are great for your situation. I've always bought them for similar reasons and have no plans to buy anything else.

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1. It's not just the turn key company you want to research, do a lot of due diligence on the city you are investing in and the neighborhood. The neighborhood is key (Is it getting better? What is the demographic make up? How are the schools? What is going to attract strong tenants who stay a long time?)2. Try to get some non biased opinions on if what you are buying is a good deal from other local landlords that are NOT AFFILIATED with the turn key sales company (maybe you can find some local investors on BP that you could run the property you are looking at by that have no connections with the turn key company). 3. Try to find an out of state investor who has owner similar properties in the area you are looking at over the LONG TERM. The key word here is LONG TERM. You will find a lot of people who post on BP that just started buying out of state properties 1-3 or so years ago. You want to find someone that has owned say for at least 8 years. Then you will get the full unvarnished truth of what it is like to own a similar property to what you are contemplating over a long period of time. People who are just getting started are often in the "honeymoon phase" and you won't get the true story. 4. Try to look closely at the comparable sales in the appraisal, make sure all the comps aren't just other "turn key" properties sold to out of state investors. 5. Make sure you get a really good home inspector that has no affiliations with the turn key sales company.

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Screw the rent guarantee. They can pay you back your own investment money for several years as "rent" and still collect the management fees and repairs and still be ponzi money ahead. I'd ask for the sales history of the 5 houses on each side & the 10 across the street. Also their purchase price and documentation of all permits.

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Hi BJ,A good questions to ask would be is if they are willing to spend 6-12 months building a relationship with you while also answering any questions you might have over that time and educating you on the market they work in.Please see a link below to a blog I wrote for Bigger Pockets that you might find useful.http://www.biggerpockets.com/renewsblog/2014/07/26/sight-mind-real-estate-investing-afar/Thanks for reading and have a great day.

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@BJ Min I don't know anything about turn key companies, but maybe an alternative is to just find a good agent in an area you are interested in. I recently helped an investor form CA buy his third property in Raleigh, NC. I found the house, managed the few repairs needed, found the tenants and have been managing the property for him. It was an easy experience on his end because all he had to do was sign the sales contract, send money to the closing attorney and sign the property management agreement. He has never stepped foot in NC. I would never call myself a turn key company, but in essence, that's what I did as an agent for him. Maybe you can find something similar in whatever area you're interested in.

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@BJ MinI would suggest you setup keyword alerts on your BP profile using the word "turnkey" and you will get notified of all new activity on the BP forums related to turnkeys. You can also use the search feature on this keyword you will find tons of information on how to vet them, vendors actively marketing on BP etc. Good luck!

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How long will they guarantee the rent payments!!