All Forum Posts by: Adam Sieg

Hi @Joe Maris- 

I've predominately purchased rental properties through turnkey providers.  I've used 2 in the past, but predominately purchase through rent to retirement.  Company has a strong model and typically has a solid inventory.  They are always searching for new ways to help investors out.  I've currently got 3 new builds under construction - just waiting to be completed.   Also check feel free to reach out to @Zach Lemaster who has been an invaluable resource.

I'd be happy to discuss more if you want.

Hey Travis - 

I have predominately done turnkey properties.  I started with 3 from rent to retirement and had great success.  Two cash-flowed above their proforma and the other struggled a bit due to the tenants and some issues.  We've switched PM companies on that one and have new tenants and it has cash flowed great for the past few months.  

I purchased one multifamily on my own but went back to rent to retirement when they started offering their new build constructions in Cape Coral.  We have 3 under contract and are eagerly awaiting their completion. 

If you are thinking turnkey reach out to @Zach Lemaster with rent to retirement.  He's been a great resource for me thus far.

Happy Investing!

Hi Brian - 

Welcome to real estate investing!  I was in your position about 2 years ago and we have escalated from 1 rental property to almost 22 units.  

My first rental property was actually  my wifes townhouse that we didn't want to sell when we were moving.  We had friends who needed a place to stay so it all worked out.  My first real experience in real estate was through turnkey properties.

I didn't have a lot of time - working 50 hours a week with a new baby on the way. I didn't want the stress of BRRRR and honestly, looking at turnkey, it allowed for me to have someone help me through everything without a lot of the risk that comes with other strategies. I had a property that was renovated, a PM in place, a favorable lender, and tenants ready to pay rent.

I went with Rent to Retirement who essentially provided me everything I needed. I've ultimately purchased 3 SFH from them and have under contract 3 new builds in the Cape Coral area.

Would definitely recommend looking into them and if interested reach out to @Zach Lemaster for more information!

Happy Investing

Hi Parker - 

I've been investing with R2R for about 2 years now and have had a very positive experience.  I'd recommend reaching out to the team and @Zach Lemaster to get more questions answered and see if they meet what you are looking for. 

I purchased 3 turnkey properties upfront after my initial discussion with Zach and have had good success with each.  2 of the 3 properties out performed their proforma and the other has had some ongoing issues which Zach has helped intervene to ensure I was not responsible for some of the identified issues.  Despite having tenants who were suboptimal, the property was still positive cash-flowing at the end of the year. 

I felt the overall ease of looking at the properties on their website (technically google docs) and communicating with the team about issues or questions in general made for a very positive experience.  They took care of me from start to finish and I obviously still have communication with them to this day.  Currently, I have secured 3 additional properties.  All are new builds in the Cape Coral area.  One is nearly complete the other have begun their building.  

Happy Investing!

 Hi @Saurabh Kukreja -

I was definitely a little skeptical of the numbers that R2R was putting out with respect to their profroma.  Had many conversations with @Zach Lemaster prior to purchasing my first property. Overall, I think you need to do what makes sense to you and what you are comfortable with. I personally do 5% for both Maintenance and Reserve and CapEx. I have a wife and kid to worry about and I'm a stay at home so don't want surprises.

One property Zach actually intervened when I reported an issue with the HVAC unit that was supposed to be replaced but wasn't.  I ended up cashflowing just under the proforma on that one but that was in relation to some issues with the tenants and always complaining about issues.  That weren't really issues.  

 My other 2 properties have far exceeded expectations.  proforma with those suggested about $200 per rental property and my year end cashflow was actually close to $2800 for one and $3100 for the other. 

Hi Hnu-

I've had a very positive working with Rent-to-Retirement and the owner Zach Lemaster. After reviewing lots of positive feedback on the forums I reached out to Zach who responded very promptly.  We had our initial call and we were off to the races.  During our strategy session it made sense to purchase 3 properties, given our upfront capital, need for only one credit check and utilizing a preferred lender who secured low rates for all three properties.  

Two of the properties have gone better than expected and have had next to no issues and barely receive communication from the PM company because there is simply no need. The third property I've had some issues with specifically as it relates to the tenants paying monthly mortgage and how the PM has handled some situations. Upon ongoing issues, I reached out directly to Zach who intervened almost immediately. He was able to secure payment for some issues related to the house and helped get tenants to pay for rent. Unfortunately, the PM continued to have issues so in discussion with Zach, we secured a new PM company which has been significantly better. I don't believe R2R utilizes the original PM company due to some other issues.

Given those experiences, I decided to continue to use them as my preferred turnkey company. I've secured an additional 3 properties in the Cape Coral area - all of which are new builds. One is nearly complete, the other 2 are in their initial phases of construction.  If I had additional capital, I would definitely have bought more as the properties seem to continue to grow in value. 

I would definitely reach out to Zach and his team and at least have an introductory call to see if they meet what you are looking for. I've been impressed with my experience.

Happy Investing!

Hi Eduardo -

I've had a very positive working with Rent-to-Retirement and the owner Zach Lemaster. I pursued turnkey for the same reason most do - convenience, time and availability. I purchased 3 properties from R2R back in the fall of 2020 - all were completely renovated and tenants either in place or accepted through the various property management companies that R2R had vetted and put into place.

Two of the properties have gone better than expected and have had next to no issues and barely receive communication from the PM company because there is simply no need. The third property I've had some issues with specifically as it relates to the tenants paying monthly mortgage and how the PM has handled some situations. Upon ongoing issues, I reached out directly to Zach who intervened almost immediately. He was able to secure payment for some issues related to the house and helped get tenants to pay for rent. Unfortunately, the PM continued to have issues so in discussion with Zach, we secured a new PM company which has been significantly better. I don't believe R2R utilizes the original PM company due to some other issues.

Given those experiences, I decided to continue to use them as my preferred turnkey company. I've secured an additional 3 properties in the Cape Coral area - all of which are new builds. One is nearly complete, the other 2 are in their initial phases of construction.

I would definitely reach out to Zach and his team and at least have an introductory call to see if they meet what you are looking for. I've been impressed with my experience.

Happy Investing!