First, let’s define turn key investment properties and turn key property management. Turn key properties are investment properties that a company acquires and rehabs—and in some cases already gets tenants in the house—for a client to then own and receive regular income (cash flow).
Turn key property management builds upon the former. Management comes in for clients that don’t wish to directly manage renting the property. Some clients don’t want to manage the rental process because they are either located in another state or they don’t have the time. A turn key property management group provides these services, or partners with a management company, to guarantee these services are provided for clients.
How Does Turn Key Property Investment Work?
To illustrate how this type of property investment works, let’s look at an example. Let’s say we have man named Joe who lives in California. Joe has some extra money set aside for investments and he wants to diversify his portfolio. He decides the Memphis real estate market is strong because growth is consistent and median house prices are relatively cheap.
Joe could either search for a property on his own, purchase and rehab the property all by himself. Then he could try to get tenants in the house and keep it rented. However, Joe doesn’t have time to search intensively for a house, go through the purchasing process or get tenants in the house.
Instead, Joe would like to own a piece of property, develop a new stream of cash flow and diversify his investments without having to spend too much of his time managing everything.
Joe finds Memphis Cash Flow, which specializes in turn key property investment and management. Joe can easily select a property from Memphis Cashflow, even one that already has tenants, and he can even receive rental assistance for the tenants so he doesn’t have to manage it.
Joe decides to move forward. He invests in one of Memphis Cash Flow’s properties, he already has tenants so he starts receiving his stream of cash flow, and he leaves the property/rental management to Memphis Cash Flow and its partners.
Turn Key Property Investment Versus Investing On Your Own:
We understand some people want to invest in real estate on their own. That’s understandable if you have the time and resources to do so. Turn key property investment is positioned more for people who either don’t have the time and/or don’t live in the Memphis area.
Our process is “turn key” because we find the homes, rehab them, work to find tenants, and then offer them up to investors like you. We provide value by saving you time searching, rehabbing and actively finding tenants.
If you have more questions, please refer to our turn key FAQs page where we answer more questions you might have.
How Can I Get Started with Turn Key Property Investment?
If you’re interested in this type of real estate investing, then you can certainly start in two directions: you can start searching our properties first or you can contact us directly to learn more about our process and properties.