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Updated about 1 month ago on . Most recent reply

User Stats

20
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Vijay Radhakrishnan
  • New to Real Estate
  • Chicago, IL
13
Votes |
20
Posts

Positive experience with Rent to Retirement

Vijay Radhakrishnan
  • New to Real Estate
  • Chicago, IL
Posted

I closed on my first turn-key rental property through Rent to Retirement back in October 2024. @Zach Lemaster and his team was super helpful, supportive, and knowledgeable which ensured a super smooth purchasing process! The R2R team was great with communication, providing guidance and insights, and getting me in touch with the proper resources. Their academy modules and webinars are super helpful as well. As always, please be sure to do your own research and run your own numbers before investing. I did this prior to my R2R purchase to ensure my numbers were in the same range as R2R's projections. Once you do your own due diligence and the numbers check out, its pretty smooth sailing with R2R's support. My purchase was a single family home in Akron, Ohio. No issues as of yet and the property management company has been great so far. If you are looking to invest in turnkey properties, I recommend checking out R2R. 

  • Vijay Radhakrishnan
  • Most Popular Reply

    User Stats

    28,339
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    19,413
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    James Wise#3 All Forums Contributor
    • Real Estate Broker
    • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
    19,413
    Votes |
    28,339
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    James Wise#3 All Forums Contributor
    • Real Estate Broker
    • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
    Replied
    Quote from @Stuart Udis:

    My comment has nothing to do with comps and your decision to make the repair shouldn't be comp influenced either.  If someone is walking down the street and trips on your sidewalk or a  walk way whether its a tenant, delivery person or passerby you are the one who gets sued because its premises liability exposure. Even the tenant can sue you if they injure themselves.  The fact other properties have chewed up sidewalk isn't a sound legal argument either. The only thing that makes these properties turn key is the fact they are move-in ready for a lower income tenant with low expectations. The properties themselves often have flaws and outstanding cap ex items that are wrongly ignored. 

     Stu you sound like one of those ambulance chasing attorneys. What are you trying to get at? When an investor decides to buy a 100 year old property in a low income neighborhood it's pretty clear that they are only going to renovate it to the standards of the comps. For investors who want a "perfect property" Rent To Retirement sells new construction homes in more expensive neighborhoods for a higher price point. Up to the investor to decide what it is that they want to pay for. So what exactly is your issue here? You don't walk into a KIA dealership and complain that it doesn't drive like a BMW do you?

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