30 Jan

Turn-Key rental properties are a great option for investors looking to get more cash flow with less work. They are also a great option for investors who cant find cash flowing properties in their state and must invest from a long-distance. Turn-key rentals are properties that are fully repaired, rented and managed by a property manager. Buying a turn-key property allows a long-distance investor to buy a property that cash flows with minimal work.

What is a turn-key rental property?

Some consider a turn-key property to be a house that is remodeled and needs no repairs, but it may not be rented. I consider turn-key to mean the home needs no repairs, has a tenant in place and has property management in place. Make sure you and whomever you are talking to about turn-key properties have the same definition of turn-key! If you are investing out-of-state for a turn-key property you want to make sure it is already rented and has property management in place.

What are the advantages of turn-key rental properties?

Here are a few advantages of buying turn-key rentals and why I am considering buying a turn-key rental. I go into much more detail on each point throughout the article.

1. Easy to find:  You can buy a turn-key property very quickly from a turn-key provider, because they have a stock of turn-key properties available to purchase. Turn-key companies can have a large inventory of turn-keys because they are providing cash flow and making them money while they own the properties. You do have to know the right turn-key companies to work with.
2. Less work than a normal rental: Turn-key properties are already rented, already managed and repaired. You dont have to find contractors, property managers or real estate agents.
3. Provide cash flow from day one: The first day you buy a turn-key it will have a tenant in place paying rent. You dont have to worry how long the repairs will take or how long it will take to get a tenant.
4. Provide a great return: Most turn-key rentals provide returns from 10 to 15 percent. That return begins right away and takes little work to maintain, because a property manager takes care of the house for you.
5. Provide diversification. Buying turn-key rentals in different markets of the country gives you diversification.
6. Can be bought for cash. Many foreign investors have trouble buying properties, because they cannot get financing. Turn-key rentals can be as cheap as $30,000 making it easier to buy with cash.
7. You can invest your retirement savings: You can invest a self-directed IRA or 401k into turn-key rentals.

How can you find turn-key rental properties?

There are many turn-key rental property providers throughout the United States. Some companies are local to specific markets like Memphis, Ohio, Missouri, Florida, Texas, Chicago, Wisconsin and other companies have properties all over the country. The properties vary in price, rents, financing options and returns, but a good turn-key property will cash flow. Even with cash flow I would advise investors to spend time researching the area they want to invest in and the property manager, before buying any turn-key property.

If you search for turn-key rental in Google you will get a lot of search results for property managers and houses for sale that are not rented. I have spent a lot of time researching turn-key companies and I have met with turn-key companies in person.

Click here for more information on turn-key rental property providers and examples of turn-key properties currently for sale.  Or you can fill out the form below. Your information will not be given to anyone or used for anything except a turn-key rental property company to talk to you about turn-key rentals.