When real-estate investors talk about "turnkey" rental properties, they mean a unit that is already habitable and ready to rent out.
That's what Texas-based real-estate investor Aaron Logan expected when he bought several turnkey rental properties over the last five years or so.
Since Logan bought it, he's had to replace the HVAC unit, the roof, and the sump pump.
Logan said he trusted that the turnkey marketing company he was working with knew that the turnkey seller would be quality.
"You need a good agent, a good need a good property manager, you need a good contractor — there are other ways to track that down other than using a turnkey company," Logan said.
Persons:
Aaron Logan, Logan, he's, it's, Dan Lane, Lane
Organizations:
Business, Facebook
Locations:
Texas, Birmingham , Alabama