Your take on turnkey

[Samantha McDougal]

Hi! Lately I've been educating myself on turnkey rental investments. Long story short, it seems I come across more articles/forums/videos explaining why turnkey should be avoided and all of the downsides (which is important to know and understand). But I thought I'd bring this to BP and see if I can get some insight from other investors. Thank you! 

[Jay Hinrichs]

Turn key is nothing more than buying a home from a home flipper who renovates or builds new but instead of selling to owner occ they sell to investors..  its really as simple as that. 

sometimes they own the management company so that keeps that part in house and there is a big push from the marketing side that you need to have the home have a tenant in it day one so you have cash flow right away.. I TOTALLY disagree with that..  I think that can lead to issues for the turn key company the PM and the owner..  to much pressure to put a tenant in .. and the owner has no say as to who went in.. it just comes with a tenant.. I think owners would be wise to go ahead and buy a renovated house then have some say as to who goes in it.