Rent to retirement. Good or bad?

[Daniel Curtin]

Has any used the Rent to Retirement service advertised on various Bigger Pockets podcasts? If so, what is your feedback? Or, even if you haven't used it, what concerns do some of you more experienced investors have? 

[Jay Hinrichs]

Quote from @James Hamling:

Quote from @Cj Powderhorn:

@Daniel Curtin

"...I was under contract with RTR and ended up canceling my contract, but my friend who went UC at the same time did continue...."

"....entire 2 years that my friend was waiting for her new construction to be completed."

2 years to build!?! 

What was the type of unit that it took 2 years to complete the build? Had to be more then ~40 units, right?     I have done 24-plex's that didn't take anywhere near 2 years. Only builds where we were in the hundred's of unit's, community builds, ever came close to that kind of timeline. 

not certain the area but i know RTR was doing business in SW FLA  and I did build in NW FLA took a year or more just for permits.. I suspect thats part of the 2 years here.. As we know there is build time from when permit is issued and build time including the time it takes to get your drawings ready and get building permits.  In my Oregon market takes 60 to 120 days or more once you submitted plans.. Then for us build time once we break ground 5 to 7 months in Oregon as we are doing a lot of semi customs where homeowner is paying top dollar and has selections to make. If its just spec we usually take about 5 months.. production buys bang them out in  3 to 4 months but build quality is apples and oranges my product to theirs. And completely different buyers.

What I saw in FLA for build to rent is more of a  production model of course.

[Rebecca A.]

I purchased two homes from Rent to Retirement. Both were a nightmare. It was an expensive lesson. Rent to retirement doesn't give you much information about the flip but leads you to believe they managed it and vetted the tenant and PM company. learned a lot and would not use them. I would suggest suggest REI if looking for a properly flipped property with a great PM company in place who does place a tenant in the rental. I worked with both Taz (REI) with one property and Zach (rent to retirement) with two. Zach walked me right into two horrible investments. REI hands down for turn key professionally flipped and managed property from a distance. They truly have your back as a new investor unlike Rent to Retirement

[Jamie Ivers]

Not sure about the reply above, they don’t do flip homes. They are a turnkey provider. We purchased  home from them last year and they were phenomenal. Adam and Zach are super accessible to answer any questions you have big or small as it pertains to a purchase and even later with CPA’s etc.