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Traditionally, a turnkey rental company is a company that purchases distressed properties, rehabs them, and sells them with property management in place. The goal of turnkey rental companies is to offer investors immediate cash flow and take the work load out of vetting, updating, and managing properties. Essentially, investors “turn the key” on these properties in terms of ownership. While the workload is significantly less, sometimes turnkey investments offer lower returns in poor markets.
Recognizing the investment opportunities as well as the set backs that turnkeys offer, Roofstock created an innovative platform to connect investors to cash flowing properties and local property management services. Unlike traditional turnkey companies, Roofstock does not own or operate their rentals. Let’s see how this difference plays out for investors in terms of price point, location, and property management.
They further work to get you preferred pricing as a Roofstock customer.
More or less, Roofstock is similar to turnkey companies in the investment style and process. However, as a third-party platform, Roofstock has another level of transparency and data that can make you feel secure in your investments. Roofstock is a fantastic way to find new properties and grow your rental portfolio.