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Updated about 5 years ago, 11/30/2019
Turnkey or not in IN, FL? ...the right PM...
GOAL: Purchase a sub 100k single or multi-family turn key property in IN, or FL for long term cash flow, (appreciation is a cherry on top) before Dec. 31st 2019. (this will be my first rental property and I could finance or purchase the property. I’m considering both).
CURRENT PLAN: I was recommended to a turnkey provider who builds and BRRRs properties in IN, and FL (and other south markets). He has an excel sheet with all his properties, all the numbers for my returns outlined, financing (if needed), contractos, etc., and said I won’t have to pay his PM dues if the property is vacant (incentivizing them to make sure my property always has a renter).
CONCERNS:
1. How do I qualify a turnkey provider?
2. How to find other turn key providers to compare differences?
3. What “other things” should I be considering that are typically outside of a turn key solution.
Thank you for your help, I am excited to hear from the community and dive deeper into the insights and recommendations.
Cheers,