What are my thoughts on turnkey rental property companies for those of you who want to invest

out of town long distance into a rental property?

Welcome to the Ask Coach edition of the podcast.

And we haven't met yet.

I'm your host, Chad Carson.

You can also call me coach. And my mission here is to help you get out of the financial grind so you can do more of what matters. And the Ask Coach podcast series is where I do my best to answer your burning questions about real estate investing and personal finance. Today's question comes from another YouTube viewer. That's where I got a lot of my questions for these early Ask Coach episodes. And his name was Chad Kinsley. The question says, great video. What are your

thoughts on turnkey property companies? And he actually gave some examples of a couple

companies that I'm not going to mention here because there's a lot of them out there for out

of state investing and managing. So this particular question came from Chad, but it could have come from about a dozen

other questions I received from people in the past wanting to know my opinion on Turnkey real estate

investing. And I think the reason is turnkey is a pretty big movement in the real estate investing

space. And let me define what it means, where you buy a property that's already been fixed up,

it's already been rented, it already has a

management company in place, collecting the rent. And so your job as an investor is just to pick the property, you buy it so you're owning it directly. But then you don't have to do the finding of the property. You don't have to do the fixing up. You don't have to do finding the tenant. You just buy a property, it's ready for you, and you just start collecting rent, which sounds great, right?

And it can be. up. You don't have to do finding the tenant. You just buy a property. It's ready for you. And you just

start collecting rent, which sounds great, right? And it can be. And what I want to talk about in this

episode is the good and the challenges. And I have never personally invested in turnkey investing.

My approach has always been, I'm locally, I've been able to find good deals. I built my own

management company to start off. Now I outsource it to third party managers'm locally I've been able to find good deals I built my own management company to

start off now I outsource it to third party managers so I've invested locally but I do know that

there is a value for many of you of course who are living in high cost of living areas who want to

buy cash flow rental properties you want to buy long distance and you're busy you have a job how are you going to do this how are you going to squeeze the small amount of time you want to buy long distance and you're busy. You have a job. How are you

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