Finding a great property manager for a turnkey real estate investment property is like any other relationship – difficult at times, but very rewarding when you partner with the right provider. In short, it’s important to find a turnkey provider who will completely take the headache out of owning an investment property, while you sit back and collect the rent checks!
Here are four things a great turnkey provider should be giving you as a valued real estate investor:
1. Help You Find the Right Property
Help with locating the right property is perhaps one of the biggest benefits of working with an experienced turnkey real estate investment company, especially if you’re looking for guaranteed rental income.
“They should hold your hand throughout the entire process,” wrote Bigger Pockets.
Since the best turnkey providers handle everything from finding the best properties that will provide excellent ROI via ongoing vacation rental returns, to making sure all of the paperwork is in order, they also have a vested interest in your success from day one.
2. Help You Navigate the Buying Process
While always helpful, this is especially true when buying turnkey vacation rentals in another country, when it becomes absolutely imperative to work with a reputable, experienced property management company. For example, there are a currently several innovative new projects in Mexico’s Riviera Maya that offer excellent returns and a signature “No Worries No Hassles Ownership" experience that is second to none.
Although the real estate is located in exotic locales like Tulum, Puerto Aventuras and Playa del Carmen in Mexico’s Riviera Maya, the turnkey vacation home rental property providers are in place to ensure the entire buying process is seamless and every question is answered. Regardless of where your turnkey property is located, your turnkey provider should be on hand to ensure a smooth experience at the closing table and beyond.
3. Handle Maintenance & Rentals
As we mentioned earlier, the strategy behind buying turnkey properties is to sit back and basically do nothing while you collect rental income and an experienced property management company handles everything else. This includes, but is not limited to, completing any necessary maintenance and dealing with scheduling and other rental management issues. If you own a turnkey vacation rental in a top vacation destination like Mexico’s Riviera Maya, this will also include booking your own personal visits and making sure everything is always in tip-top shape for your arrival.
4. Clear Communication & Transparent Financials
Last but not least, it is essential to partner with a turnkey real estate investment company that is dedicated to providing regular, easy to understand yet thorough updates on the financials of the property. For example, our condos for sale in Playa del Carmen, Puerto Aventuras and Tulum in Mexico’s Riviera Maya offer direct deposit of income to bank accounts around the world and an easy, online control panel where owners can login to see when the units are rented, maintenance requests and income information. Make sure you know exactly how these issues will be handled before you get serious about buying any turnkey rental properties for sale.
Do you know anyone who has invested in turnkey real estate? If so, does the provider offer a high level of service? Let us know with a comment!
Would you like to know more about our signature “No Worries No Hassles Ownership" program? Click the link below and see how our turnkey vacation rentals in Mexico’s Riviera Maya are designed to take the stress out of real estate investment and vacation home rentals!