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Updated over 6 years ago,
Turnkey Investing-5 years later
I currently own out of state properties that I purchased in rent ready condition and have a team to manage the properties and manage any repair/rehab needed on the properties. I am considering purchasing turnkey properties to diversify into other markets.
I am curious what peoples' long-term experiences have been with their turnkey investments.
Do you still own the properties?
How long did the original tenants stay?
Are you still using the original property management company?
Do your properties continue to rent fairly easily?
How much time are you spending on your properties?
How long was it before the properties started needing repairs?
How has your turnkey experience compared to finding properties, hiring a property manager and managing the property manager?
Thanks everyone!