Ever wonder how "Turnkey Investing" REALLY works? Well, let me briefly explain...
Turnkey Rental companies offer you a product. Hopefully the work is completed, hopefully the tenant is vetted and actually pays, and hopefully the management company which is sometimes ALSO the "Turnkey" Company actually does a good job and collects rent and manages the property appropriately. The 'good' ones make this happen consistently and provide a nice, profitable, hands-off investment for their clients, aka you as the investor.
You as a buyer don't know how much the turnkey company paid for the asset, how much work went into it cost-wise, you can't really have a good gauge of the quality of the work other than what you can see to the naked eye. And you don't know how much profit the turnkey provider ends up making in the end of your investment.
Now comes Lee Smith from Spouses Buying Houses, which you can find at www.spousesbuyinghosues.com
Lee offers full disclosure throughout this investment process, he provides all the same services that a turnkey provider offers, but you make all the decisions and you control the flow of the asset, from start to finish.
Lee finds you the houses, you set the offering price. You get a full HD video of each asset you are interested in.
Lee offers contractor bids on the project, you decide what you want to fix or not. The entire process is document in full 1080HD video, the work is quality control by Lee and his team, and the work gets done right through his large network of experienced contractors, AT THE BEST PRICE.
Lee rents out and manages the properties for you.
OR, you can control how much or how little Lee and his team handles for you. You want to swing the hammer? Go for it.
You want to rent it out and manage yourself? Go for it.
Full disclosure remote or local investor investing in one of the countries greatest markets.
Hear about it on this awesome podcast!