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11 February 2025 | 38 replies
Hi Nida,I'm a bit late to the party but better late than never I guess lolIn the search bar here on Bigger Pockets or even a Google research will reveal a lot of info about certain companies.I'd always like to joke around and say that "Google is your best friend" when looking to work with someone new lolI'd like to second Jason's comment who has been around the turnkey game for a long time and has probably conducted due diligence on many if not all turnkey providers over the years.Not many have stood the test of time and I'm proud to say that we have.Not intending to plug my company as we have many battle scars that started from day 1.But still here and still battling away 🤓Why we survived and thrived unlike many others was keeping our operation small and boutique and only doing deals on our terms.Low volume sales and thorough investor pre-qualification (As not everyone that has a pulse is necessarily a good fit for what we can provide).Some investors did better than others but one thing I can happily say is that we always did our best for all.I believe a very important component to any "true" turnkey company is that the penny ultimately drops must drop with them.Meaning, if you invest and things don't go the way as planned it is entirely up to them to rectify.No finger pointing or passing on the monkey to someone else (Like a realtor, contractor or PM).A true turnkey company stands behind it's properties, rehabs and in-house property management.Key phrase here is "in-house property management".Everything must be under the same roof and the provider must take all responsibility for the outcome of that investment.Wishing you much success
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19 January 2025 | 147 replies
I have serious doubts that the company officers have maintained their fiduciary duty to RAD's investors in many of these related-party transactions.
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7 January 2025 | 16 replies
You can legally change or cancel a contract if all parties agree.
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26 December 2024 | 5 replies
Many will also require a third party due diligence report from a company like Mick Law or factright (which they run around $30-$50k).
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4 January 2025 | 11 replies
However, you can make changes as long as all parties agree.If the tenant agrees to removing certain clauses, or starting with a new lease, then you can move forward.
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3 February 2025 | 31 replies
So none of the parties, other than maybe the property manager, cares or is effected by your success.
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6 January 2025 | 38 replies
(Unfortunately, the investor fell for this gimmick and did NOT get their own 3rd party inspections, appraisals or even visit the properties they were buying, against our best efforts to encourage proper due diligence and follow our check list for their own protection.)So now some people are stuck with properties worth half what they paid (not all RWN members), with no renovation done, and constant repairs and vacancies.
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16 January 2025 | 6 replies
This party won’t last forever, no one tells you when to get out, sometimes you realize too late.
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7 January 2025 | 6 replies
Only part I got stuck on was how to get a background check.
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4 January 2025 | 67 replies
Third picture we got all of our cabinetry in.