Turn Key Short Term Rentals?

[Nick Moats]

All, 

I am looking to do my first real estate investment deal in the next 6 months max. I’ve decided on short term rentals, possibly Airbnb arbitrage, as my first approach. I have seen info about turnkey properties that are basically done for you, of course given you are paying more and losing out on cash flow. Specifically, I saw one of many real estate influencers online speak about turn key Airbnb properties they offer. 

Can anyone please offer some more info about turnkey properties specifically for short term rental/airbnb use, pros and cons, etc. I am trying to consider if this is an approach I’d want to take. Turn key appeals to me because this would be my first deal and if I understand correctly, you are paying more in order to avoid any rehabs, potentially already have property management taken care of, and other things that a beginner might struggle to do on their own or have a hard time finding the right people to hire for these jobs. 

Any and all insights and info are welcome, thank you!

[Nathan M kiefer]

Str turnkey is the only way we buy. I may pay a little more but I am making money almost immediately as it is furnished and has proper fit and finish. We dont buy anything we cant flip in less than 30 days to a str or ltr. Its kind of a pipe dream to think you will save so much money(at least in the current market) on a low buy to spend 6 mos carrying it and missing revenue to start making money later on.

We did this a little in the 09-11 crash and recovery but we were stealing houses back then for prices we will never see again in my opinion.

Turnkey is the way to go with a little deco required and maybe light paint(think nothing that you cant do at gaps in rental). We manage our own so cant comment on that part.