Turnkey Property Investment Companies

[Kevin Keil]

I'm relatively new to BiggerPockets and I'm looking to invest in real estate through a turnkey property company. I live in the state of CA so I'm currently priced out of the market. Can anyone please recommend some reliable turnkey property companies that they have used or know of and found success with? I'm looking for cash flow properties.

Thank you in advance!

[Chris Clothier]

Quote from @Kevin Keil:

I'm relatively new to BiggerPockets and I'm looking to invest in real estate through a turnkey property company. I live in the state of CA so I'm currently priced out of the market. Can anyone please recommend some reliable turnkey property companies that they have used or know of and found success with? I'm looking for cash flow properties.

Thank you in advance!

 Kevin,

I've been in the space for the past two decades and have had the unique position of meeting and getting to know many of the companies in the space.  I will say that the word Turnkey is used quite a bit and the meaning of the word has really been muddied over the years, especially recently.

If you are referring to a company that purchases, renovates, markets, rents, resale the home to a long-term investor and then operates a management company that will manage the property, then I can give you some examples of where to start looking and who to start investigating.  I would Google these companies to find their online footprints and to read what is out there about each.  You can also search them through BP and ask actual investors about their experiences.  *As a side note, there is nothing wrong with sending an investor a private message asking for feedback.  There can be a stigma about Turnkey and many investors simply don't post because they are not up for the responses telling them how they should be active instead of passive.

REI Nation - my families company and we operate in a dozen southern cities.
JWB - Great company in Jacksonville, FL. been around for a long time
Texas Turnkey
Ohio Cash Flow
Pinnacle Investments
Spartan Investments
Memphis Investment Properties
Memphis Cash Flow

I am sure there are other operators in Kansas City, Indianapolis, Ohio, but I don't know enough about their operations to mention them.  I have met each of the above companies and masterminded with some.  I believe each does in-house management and are at a level where they have good reputations and you should at a minimum be researching.

There are so many other companies that offer variations and in my opinion, that is where you get a lot of disconnect and missed expectations for investors.  

My advice is to be patient.  Ask questions and spend some time doing research on the companies and cities.  There are differences between all of the companies, but you will hear very, very similar messaging.  I am a big believer is length of time in business and size and scale.  Yes, my company would be at the top of the list in both, but I know how hard it is to meet investors expectations.  Most everyone tries to compete on spreadsheets.  It is crazy what some spreadsheets show today for returns.  Astronomically high and impossible to achieve.  Lastly, this is a mostly passive investment.  The best investors who find the most success are the ones who manage their investment companies.  The ones who take the time to review performance and spend a little time managing the managers.  Real can be a fairly passive investment, but should not be entirely passive in my opinion.

Good luck and let me know if you have any questions.  Happy to give you whatever direction I can.