Best Turnkey Providers of 2022 and Trends for 2023

[Eric V Harding]

How has your turnkey adventures gone this year? Any providers go above and beyond? 

What trends and regions to you predict will happen next year?

[Zach Lemaster]

Thanks for the mention @Ruchit Patel!

@Eric V Harding I own and operate Rent To Retirement.  I think trends we will all see in 2023 is simply less sales in general.  This is actually a good thing that the market has corrected some and it creates a lot of buying opportunity, which should be taken advantage of.  This is a good time to purchase where you will likely get incentives or credits that you did not a year ago.  Many newer investors are scared to jump in or sitting on the sidelines with higher interest rates, but they will be the same ones competing against each other again when rates drop causing another sellers market.  My recommendation would be to build a criteria of what makes sense for you & take action to invest now!  You can always refi in the future with lower rates, but at least now you have a chance at acquiring a better deal than you did last year.  Most importantly, when you invest in a good market that is still dramatically growing in population, your rents will likely go up year after year along with gaining strong appreciation.  So even if a property is minimal cash flow now, increasing rents will continue to grow cash flow each year.  When the rates come down you can then choose to refi, or maybe sell for a gain to all the investors that didn't take action now.  Just my two cents!

We are here to assist you with any questions you have so please don't hesitate to reach out.  RTR has been one of the longest standing TK companies on BP with an excellent reputation for about a decade now!

Here are some other related threads on TK experiences that might be useful to read through:

https://www.biggerpockets.com/forums/92/topics/765347-rent-to-retirement-review

https://www.biggerpockets.com/forums/44/topics/1058814-first-time-with-new-construction-cape-coral-fl?highlight_post=6055029&page=1

https://www.biggerpockets.com/forums/850/topics/895660-my-first-investment-property-an-out-of-state-deal

https://www.biggerpockets.com/forums/88/topics/1047543-big-profits-from-new-construction-sfr-build-in-cape-coral-fl

https://www.biggerpockets.com/forums/92/topics/983659-first-investment-property-with-rent-to-retirement?highlight_post=5677176&page=1#p5677176

https://www.biggerpockets.com/co/RentToRetirement

https://www.biggerpockets.com/users/ZacharyCole/references