All Forum Posts by: Thomas Marks

good idea @Jabari Long I won't throw the company under the buss but this whole process has been shifty 

What does the market say in that specific area? Have you spoken to any property managers in that area?

- I have placed an inquiry with a PM based on your advice

What is the going rent for that type of home in that area?

- $1150

What is the occupancy from surrounding properties in the area?

- I do not know

Can this qualify for an AirBnB?

-I doubt anyone would want to AirBnb in Independence MO, but I could be wrong. 

What happens if they do not find a suitable tenant in 60 days?

- I would have to come out of pocket for mortgage, taxes etc... they said they could not guarantee a tenant but have never had an issue placing a tenant in their other properties. 

I believe previous poster had a good point by negotiating the price considering it is not CF out the gate. @Henry M.

@Justin Fox why would a placement fee add another 30 days? Sorry for the dumb questions. 

Not a bad idea @Karl B. 

could you elaborate on why @Justin Fox - I think I agree with you but would love you input. 

I have a few properties in FL under my belt but I have recently ventured into KCMO for the attractive rent to purchase ratios and landlord friendly laws. I am dealing with a newer turnkey company; trying to sell me a property without a tenant in place. The property is currently being listed for rent. 

I'm afraid the property will remain vacant due to time of year - its almost the holidays. This company says average time to fill is 30-60 days. Would you buy a property from a TK provider without a tenant in place? Isnt that the point, cash flow from day one? There's a real chance this property can sit vacant through the holidays and I'll be out of pocket for the mortgage + taxes. This property is in Independence, MO. Would love your thoughts....