The real estate industry is worth a whopping $16 trillion.
And it only continues to grow, despite the effects of the pandemic. But if you want all the benefits of real estate but none of the commitment, we may just have a solution for you.
Turnkey real estate investing is the way to go.
What Are Turnkey Properties?
A turnkey property refers to a house, condo, or apartment that is ready to move in. Typically in the real estate process, buyers need to prepare the property through upgrades, repair, or maintenance to get the home ready for sale.
Turnkey properties, on the other hand, are entirely ready and updated. They are a quick way to buy and resell a property. Many companies also specialize in property management services, which help make the sale quicker and faster.
Benefits of Turnkey Real Estate
If you're an investor looking to boost your cash flow, a turnkey property is the way to go. Investing in turnkey real estate has a lot of advantages.
Let's take a look at some of them below.
Property appreciates at a slow but steady rate. When you're investing in rentals, you're investing in the property market, which is typically always on the rise.
Every business owner knows that it's the tax add-ups that end up costing you in the end! Your turnkey property can help you benefit from a range of tax deductions.
These include marketing fees, property management charges, and repairs and maintenance that are covered as tax-deductible.
Are you looking to get started on your nest egg or retirement fund? Turnkey rental properties do that for you, as money will be coming in every month from rental income. And it is passive because you do not have to expend time or energy on it.
How Does Turnkey Real Estate Work
The best way to take advantage of the process is to ensure that it is a hands-off experience for you. Despite the reduced work you have to do, there is still a considerable amount to get done.
From verifying tenants to the upkeep of the property to rent collection, a lot goes into even turnkey investing. That's why we suggest opting for a property management company that will do all the work for you.
Simply engage management services, and you have everything set and ready. All you have to do is let the rental income flow into your account each month!
Turnkey Real Estate Investing Is Full of Advantages for Every Investor
Turnkey real estate investing is the ideal way to get your foot in the world of real estate. But this way, you won't have to worry about upgrades or construction.
And if you choose the right property management company to aid you on your journey, you'll be set up for maximum success. At Kona Property Management, we help you find and screen the right tenant, manage rent collection and maintain the property.
Click here for a free rent analysis today!