What is Turnkey Rental Properties in real estate?
Turnkey rental properties are single family and multifamily houses that are sold to rental property investors in "turnkey" condition with tenants in place.
Who buys Turnkey Rental Properties?
Turnkey rental property investors are typically looking for a hands-off way to invest in the rental property asset class without needing to handle the core components of rental property investing:
- finding a property that needs renovation
- renovating the property
- screening tenants and leasing the property
- managing the property and tenants
Many turnkey rental property investors are out-of-state investors living in real estate markets that are not attractive for rental property investing.
What metrics do turnkey rental property investors analyze?
Turnkey rental property investors look at several metrics when assessing investment opportunities. Here are the most important metrics:
