Active turnkey rentals are a type of real estate investment that is becoming increasingly popular among investors who are looking for a hands-off, passive investment opportunity. Active turnkey rentals are properties that have been fully renovated and are ready for tenants to move in, but they also come with property management services that are designed to make the process of owning a rental property as easy as possible.
Active turnkey rentals are different from traditional rental properties because they are designed to be completely turnkey, meaning that the property has been fully renovated and is ready for tenants to move in. These properties are typically managed by a third-party property management company that takes care of everything from tenant screening and leasing to repairs and maintenance. This means that the investor doesn’t have to worry about any of the day-to-day management of the property.
One of the key benefits of active turnkey rentals is that they offer a completely passive income stream. The investor doesn’t have to worry about finding and managing tenants or dealing with repairs and maintenance. This makes active turnkey rentals an ideal option for investors who are looking for a hands-off, hassle-free investment opportunity.
Another benefit of active turnkey rentals is that they offer a high level of predictability. Because the properties are fully renovated and managed by a professional property management company, the investor can expect a consistent cash flow each month. This makes it easier to plan for the long-term and to make informed investment decisions.
There are, however, some potential drawbacks to investing in active turnkey rentals. For example, the cost of these properties can be higher than other types of rental properties, as they have already been fully renovated and come with property management services. Additionally, the investor may have less control over the day-to-day management of the property, as this is typically handled by the property management company.
In conclusion, active turnkey rentals can be an excellent investment opportunity for investors who are looking for a hassle-free, passive income stream. These properties offer a high level of predictability and can be a great way to diversify a real estate investment portfolio. However, it’s important to carefully consider the potential drawbacks and to work with a reputable property management company to ensure that the investment is successful over the long term.