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5 Advantages of Turnkey Real Estate | Investing for Beginners - YouTube
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the five advantages of buying turnkey
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rental properties that's today's video
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let's dive in hey everyone I'm Clayton
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Morris the founder of Morris invest I'm
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a long time real estate investor and I
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run a turnkey rental company so today's
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video I know a lot about we're gonna
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talk about the five key advantages of
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buying a turnkey rental property and
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it's not for everyone you can certainly
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go out there and do it yourself and find
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properties renovate them yourself work
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with contractors work with a property
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management team and get it done yourself
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but you need to know your numbers and
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you need to know what you're doing we
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have a ton of great resources here on
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the channel for your do-it-yourselfers
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out there who want to go out there and
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and get rental properties yourself but
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if you don't that's what today's video
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is all about the five key advantages of
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working with a turnkey rental provider
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number one it takes a lot less time and
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effort honestly to work with a turnkey
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provider almost all of the investors
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that we work with are super busy they're
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doctors they're lawyers they're players
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in major league sports and they don't
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have time to go out and find rental
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properties and manage tenants and you
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know gut rehab a house and put in new
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furnaces and new water heaters and and
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not only that even finding the
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properties to begin with where do you
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look how do you make sure that you're
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getting a high return on investment you
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just call up a realtor and buy a
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property that's currently at market
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value of course you don't you need to
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make sure that you're actually finding
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off market properties doing the things
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that we do so it takes a lot of time if
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you've had that time great if you love
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to spend your weekends doing that great
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but if you don't then time is a huge
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advantage of working with a turnkey
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provider number two on the list is
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immediate cash flow you know we we sell
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our properties two ways one of which is
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we have not done the rehab yet but it
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takes us about six weeks to get that
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done the other way is that it's already
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done and a tenant is moved into the
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property and it's already cash flowing
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so you don't have to do any of that I
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like to say it's like going to Jiffy
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Lube you know sure you can change the
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oil yourself right you can get under the
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car go buy the oil
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change out the oil filter all of those
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things and get your hands dirty or you
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can go to Jiffy Lube sit in the in in
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the waiting room have a cup of coffee
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and 20 minutes later somebody else has
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done it for you and you have your car
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your hands are clean and you just get to
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drive home and you pay a small premium
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to do to have that as service so you
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know the immediate cash flow where you
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don't have to do anything and all of a
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sudden you just able to collect rent
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checks that's very very sexy if you're
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looking to create financial freedom in
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your life put it in the hands of people
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that know what they're doing number
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three a cheaper entry point very often
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unless you know what you're doing your
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first few rehabs when you're out there
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trying to do it yourself
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you're gonna overspend you're gonna buy
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a property that's gonna be way too
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expensive you're gonna spend too much on
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materials you'll probably spend too much
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on using a contractor all of those
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pieces along the way you're gonna
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probably pay too much for it so working
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with a turnkey provider is another great
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way to keep your costs down because for
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instance in all of our properties we use
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the same materials I know exactly the
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paint that we're putting in I know the
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exact carpet that we're doing paint
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light fixtures all of those things the
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PEX plumbing that we run through our
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houses the furnaces the water heaters
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all of those components we know exactly
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what we're doing and we're able to get
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great prices on those on those things
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are you if you are great if not the
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chances are you're gonna save money by
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working with a turnkey provider number
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four diversification so maybe you have
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some stock market investments and maybe
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you have some other rental properties
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that you did yourself and you are
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personally managing yourself but
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wouldn't it be great to have the
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diversification of properties in your
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portfolio that may be a thousand miles
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away from where you own your other
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properties since it's turnkey you don't
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have to do anything at all you just
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collect rent checks so you don't need to
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live close by the property if it's fully
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managed fully done for you with a great
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property management team taking care of
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things where you just receive rent
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checks diversified it's fantastic and
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finally retire early that's another
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great benefit of
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a turnkey provider because ultimately
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and as we point out I've got a great
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video here underneath this video that
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you can click on in the description
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below about how to calculate your
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financial freedom it's a really powerful
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video we walk you through step by step
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on how to figure out your financial
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freedom but if we're going to retire
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early we need to know what our numbers
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are and if we have a turnkey provider
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that can get us there quickly and get us
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those properties and get us those rent
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checks coming in and we don't have to do
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it all ourselves that'll speed up that
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whole process and get you closer to
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retirement get you closer to creating
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that passive income that you certainly
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want that's why I started this company
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to create that passive income so that
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rent checks come in every month and I
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don't have to worry about a thing
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there you go those are five key
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advantages of working with a turnkey
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provider there are many many more and I
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would love to share those comments with
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you if you want to leave some comments
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here in this video any questions you
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have I'm happy to answer them in the
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comment thread below and as always
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please subscribe to our Channel we
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publish multiple videos every week on
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the power of rental real estate and give
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you some great tips strategies and
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tactics as well we'll see you back here
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with our next video everyone I'm Clayton
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Morris have a good one
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