Turnkey has a lot of different definitions out there. If you ask 100 people to define it, you might get 105 different answers. When we talk about turnkey, however, we’re talking about properties that need no interior or exterior work to be completely rent ready AND your major mechanicals (Capital Expenditure items) have at least 10 years of life left. If there’s uncertainty about the age of mechanicals then you’re looking at receiving a warranty policy to cover the concerns.

The only thing you might need to purchase to make your properties 100% ready is a refrigerator, depending on your preference.

Our goal is to provide you with a complete real estate team. We’re not just providing properties and a management team, we’re focused on bringing you premier lenders, insurance companies, asset protection, taxes, and any other team members you could possibly need.

We’ve been doing this a long time. Our founders have been working in the turnkey space for around 15 years, allowing them to meet many teams in markets around the country. 

We’ve met the good teams, we’ve met the okay teams, and we’ve met the bad teams. We ignore emails from the bad teams looking to work with us, and we respond to emails but deny the okay teams (unless they can prove they’ve graduated to a good team). 

Premier Turnkey focuses on the good teams and makes sure to track their performance to make sure they’re staying good. We’re slow to bring a team on and quick to fire if their performance drops.

We believe in quality assets and tenants. Unless you’re purchasing 50+ $100,000 properties there is a significant danger in purchasing them. Maintenance on these properties is a significantly higher percentage of rent collected since your rent is almost always going to be less than $1,000 per month. Your tenants financial profile also means your rental increases are limited and most likely capped.

When you get into properties in the high $100,000 and up range, you tend to get into better neighborhoods with higher home ownership rates and higher household incomes. This allows your appreciation to be more readily available and also means your rental increases can happen year over year. Tenant retention is usually higher, tenant turn costs are lower, and your headaches due to your real estate portfolio drastically decrease.

Not only can you finance, we highly, highly recommend doing so. The beautiful thing about real estate is that you can put significantly less than 100% of the money into your asset, have someone else fund the rest of your purchase, and still 100% control the asset. You can’t do this with any other asset class, which allows you to build your net worth higher than you could otherwise.

Plus, when you finance, you get tax benefits that allow you to not pay taxes on any cash flow you receive, usually resulting in never having to pay taxes on rental income and improving your ROI.