Turnkey Rentals for out of state investing.

[Anthony Van Gilder]

What are your thoughts on turnkey rentals when looking for out of state rentals for a new investor to get their feet wet? Great idea with low risk? Terrible mistake? What do you think?

[Tom Ott]

Originally posted by @Anthony Van Gilder:

What are your thoughts on turnkey rentals when looking for out of state rentals for a new investor to get their feet wet? Great idea with low risk? Terrible mistake? What do you think?

Purchasing a Turnkey when you invest OOS is a great way to earn passive income. Of course, make sure you go with a TRUE TK provider. Ideally, they should own the property first (not have it as a listing on the MLS) they should renovate it all in-house, please a tenant, and then continue to stay on as the property manager (also in-house) after the purchase. The key is to make sure it is all done by the same company. The only third-party involved should be your home inspection.

Also, try looking at:

Assessing the Risk of a Turnkey Real Estate Company


5 Keys to Turnkey Real Estate Investing