Turnkey Rentals and the Dot-com Craze! Is there correlation?

[Chris Clothier]

I want to hear from some of the other Turnkey posters on Biggerpockets and anyone else who likes to chime in on the topic. This is an article I wrote today on the BP blog:

Contrasting Turnkey Real Estate Investments And The Dot-Com Craze!

Would love to hear what others think...

[Greg Powers]

Seems to me this would be a no-brainer to investors, but it's nice to hear it broken down in such terms. When you're buying turnkey properties, you're buying the intrinsic values. I could buy a cheap property down the street, but it would be much harder for me to find reliable property management.

Obviously the practical value has to come in at a number that would allow me to pay for the intrinsic value and still have a cash flow that's equal or better than all the other ways I could spend my money and time, but it's my job to understand that practical value (via due diligence) and your job to find, fix, sell, and manage it for me. And if you're good at what you do, and can find investors who understand the trade off (the money value of time, as opposed to the time value of money), then you'll stay in business, as you and Marco have done.

The investors who don't understand this will probably get burned and drop out. The ones that do will be your repeat customers and keep you in business for the long haul.