Originally posted by @Remington Lyman:
Originally posted by @Andrew Z.:
Hello All, I am looking to purchase a turn key property with a management company. I am looking at Ohio, Tenn, Texas, or the Kansas City area. Does anyone have a turn key/management company they recommend and some pros/cons of these different states. I am in California and out of state investing makes more financial sense, as well as California not being landlord friendly. Thanks
I recommend you skip the turnkey model and just create your own turnkey team. You can do this by developing your Core 4. The core 4 is David Greene’s strategy for long-distance and made up of a realtor, contractor, property manager, and lender. Once you have this team in place, you should be able to confidently invest in any market.
I've listened to the podcast on finding your "core 4," but I haven't heard any clear direction on how an OOS investor can find those people. I renovated my primary residence and had an impossible time trying to track down my contractor, who would disappear in the middle of the day, never finish on time, make excuses for everything. A six week project took six months. Now imagine dealing with that from thousands of miles away. Are you just supposed to reach out to people on BP and trust they're not scammers? I wish there were reputable BRRRRKeys out there who could help identify a house, let the investor pay for the reno while the brrrr key oversees the project, and then manages moving forward. Basically, a passive investment with more upside because you're not buying at retail. I'm surprised there aren't a number of companies out there like this.
