Turn key real estate management3/16/2023 ![]() ![]() ![]() The properties are already gutted, renovated, or otherwise restored.The investor doesn’t need to put much time or effort into preparing the property.You can identify a turnkey opportunity by the following characteristics: There are several commonalities of this type of rental investment property. It can also be a time-saving strategy if the investor has a tight turnaround and doesn’t want to involve manual labor. Some investors choose this strategy when the current prices in a given marketplace are too high for their initial investment. Purchasing a turnkey property to rent is a common investment strategy in today’s real estate arena. According to Buildium, the term turnkey simply relates to the process of “buying, rehabbing, and managing a property through a third party.” To sort through the real estate jargon, let’s start with a basic definition of what a turnkey rental property is. If you’re ready to jump in but want to compare turnkey properties to other options, this post is the perfect place to start. The numbers and trends show that there is a need and desire for more available rental properties. This is in comparison to 75 million owner-occupied homes. Moreover, the National Multifamily Housing Council revealed that there are almost 44 million rental homes in the country. This is the largest percentage of renters since 1965. According to Pew Research Center, in today’s marketplace, 36.6% of households in the United States are renting. Recent statistics show why and how rental property options are generating quite a buzz. Given the ability to generate recurring income, some future investors compare turnkey rental properties with other popular options. ![]() Have you been searching for the perfect real estate investment option? Many investors turn to rental properties to begin their journey as property owners or managers. ![]()
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