Seeking partner for buy and hold REI

[Troy Sheets]

Have you ever considered buying a turnkey rental property in Philadelphia but don’t trust the turnkey company’s numbers? Not sure if they’ll manage the property to your standards and look out for your best interest, especially after the first year guarantees some provide are up? Will they work hard to build relationships with your tenants to promote retention, provide excellent customer service, and quickly resolve complaints?

How does all this, in areas of Philadelphia with great potential for appreciation, sound? What if you could have all the above and it was managed by a fellow landlord and investor that would manage the property as if it were his own?

I’m currently seeking a partner to invest in cash flowing multi-family homes (MFH’s) with in Philadelphia for long term buy and hold, focusing on cash flow first with short-to-midterm appreciation a bonus. I have MFH management experience, 20 years in the construction and facilities management field as well as experience rehabbing houses. I have relationships with licensed contractors that I use daily and their abilities run the gamut from minor handyman-type tasks to full gut rehabs.

I can find MFH's that are off-market and need rehab work, netting us instant equity. This will also help retain tenants longer as they’ll have a nicer end product while we enjoy decreased maintenance costs and rent the units for top dollar.

I will handle sourcing the property, rehab (if necessary), leasing the units and all management to earn my half of the monthly cash flow. You can be as involved (or not) as you like and would only need to fund the purchase and rehab.

Thoughts, questions, concerns all welcome!