 |
From “The Palm Beach Black Book” in The Legacy Portfolio: “Turnkey” real estate providers in the U.S. handle all aspects of a property investment for an investor.
The investor just shows up, buys a rental, and immediately has a cash-flowing property.
Turnkey providers find undervalued properties. They fix and repair them to like-new condition. They screen and find good tenants. They also manage the tenant (collect rent, deal with property maintenance, etc.).
When you find a good turnkey provider, rental real estate investing is easy, fun, and hassle-free.
But there are a lot of scammers out there marketing themselves as turnkey providers. They’re not.
So how do you find a legitimate turnkey provider?
The six steps to finding a turnkey provider:
- Google “turnkey real estate” in your local area—or in the place you want to invest—to identify candidates.
- Don’t buy a property until you can confirm a turnkey provider has spent money repairing it… and you’ve confirmed those repairs have been made.
- Don’t buy a property until you get an independent home inspection to verify there are no other issues the turnkey provider missed.
- Don’t buy a property unless it has a paying tenant already in it or the turnkey provider offers a one-year rent guarantee.
- Don’t buy a property unless the turnkey provider offers a one-year guarantee on repairs he’s made.
- Don’t buy a property unless your turnkey provider has an “in-house” property-management team. You want his team, not a third party, managing your property.
If the turnkey provider you’re interviewing or working with won’t provide—or let you do—these things, run for the hills.
If you do find a provider who agrees to these items, you’ve found a very good candidate to proceed with.
Reeves’ Note: This special report also details nine other PBRG investment strategies “we’ve only told our families and friends about.” All Legacy Portfolio subscribers can access the full report, right here.