Long distance real estate investing has taken the globe by storm, with more and more people choosing to invest in properties across the country and around the world. There are many different ways to invest in long distance real estate, but none are as convenient as turnkey properties. What are turnkey properties? Turnkey properties are real estate investments that are rent ready or move in ready and are sold at a pre-determined price. This means that you don’t have to worry about rehab, finding tenants, and in some cases furnishing the property. Turnkey properties make great long or short term rental properties and investments.
1. Why do turnkey properties make great investments?
Turnkey properties often offer a property manager who will handle all the day-to-day tasks such as collecting rent and making repairs. The main advantage of buying a turnkey property is that you don’t have to worry about finding contractors, tenants, or handling the day to day management. Turnkey properties are also great for people who don’t know a lot about real estate because they are relatively easy to purchase and manage.
2. The benefits of turnkey properties
When you invest in turnkey properties, you are able to enjoy a great return on your investment without doing much work. This is a great option for those who don’t have the time to spend on long-term rentals. Turnkey properties are available in many different areas. They are often in popular vacation destinations and popular cities. Investing in turnkey properties is a great way to make money on the side.
3. How to start investing in turnkey properties
If you are looking to get started in long distance real estate investing, there are a few things you should know. First, you should find an area that has good real estate growth and a positive market outlook. Second, find a reputable company with the experience to help you through the entire process, this will ensure your investment is solid and will help you realize good returns.
4. Conclusion
If you are someone who is interested in investing in real estate but don’t know where to start, turnkey properties may be a good option for you. Turnkey properties are properties that are fully rehabbed and ready to be rented out. In order to rent these properties, you only need to find tenants, which is where the property management company comes into play. Turnkey properties are ideal for both inexperienced and experienced investors, as they are generally considered a low risk investment, with good returns for short or long term investing.
