A turnover means repairs, painting, cleaning, marketing, vacancy time, and lost rent, so a small discount is often a better financial decision than churning tenants every year.There’s a lot more to consider, but these are some key lessons I’ve learned.

Our standard language states:In the event that Tenants decide they no longer want to live together, ___________ will be considered the primary Tenant to make decisions about modifying or terminating tenancy.

So PLEASE don’t make another huge financial decision and then tell that same person after you do it.

Always conduct your own due diligence and consult with a qualified professional before making any real estate investment decisions.

Prospective investors should carefully consider investment objectives, risks, charges and expenses, and should consult with a tax or legal adviser before making any investment decision. 

With this set up, the turn-key provider can walk with you through this process and help advise you on decisions, which can be extremely beneficial being your first investment property or your 100th property.

Instead, they’re relying heavily on algorithms to make underwriting and valuation decisions.

Would love to connect to discuss strategy and debt options to keep in your back pocket so you can make an informed decision for the path forward.

Hope some of this insight could help with your decision if you decide to take the leap! 

@Jade Frank,Congrats on making the decision to start your REI journey.