One major benefit to turnkey rental properties is that a lot of the workload—and arguably the education load—is taken off of you. To me, high levels of workload and education equate to stress. I hate stress.

Here are the three things I don’t have to worry about when I go the turnkey route:

1. Rehabbing/Contractors

I should probably just say contractors for this category because if contractors were that easy to work with, rehabbing wouldn’t be so much of a headache. I know there are some of you out there who are handy and can do a lot of the work yourselves, and more power to you for that. But not all of us have that gift.

Well, with turnkeys, the rehab is done before you own the property and someone else is managing the whole thing. You don’t have to deal with the contractors or the time to completion (unless you are just waiting to close on the house), and you basically don’t have to stay on anyone’s hind side about the work. You also don’t have to worry about the cost of the work, because that’s the turnkey sellers’ problem.

2. Finding Properties

Turnkeys have already been found, so to speak. The most you have to do is look at a turnkey seller’s inventory and pick which one you want. The two major things you don’t have to do that most rental property buyers will have to do to some extent or another are:

1. Decide on a market (and neighborhood) that is smartest to buy in, and
2. Either find motivated sellers in that location or find good deals. (Hint: Don’t look on the MLS for the best deals.)

The turnkey guys have already found the houses for you. They have strategically selected the market and neighborhoods that they have deemed smart to buy in. (Caution: Don’t trust just anyone’s opinion on where is smart to buy.) They have already negotiated and hassled with finding motivated sellers and getting their properties or dealing with auctions or foreclosures. Like I said, all you have to do is go shopping from their inventory and pick which one you like best.

3. Expertise

You don’t have to be an expert in properties. The turnkey guys do that for you. They are the market experts, location experts, finding good deals experts, rehabbing experts, and managing experts. Well, the managing part is debatable, but we’ll get to that. They take a good portion of the load off you for having to be an expert in all of these areas yourself. You need only enough education to know what to verify and how to conduct due diligence, but that isn’t necessarily expert status in any one category. That’s a huge, with a capital “H,” load taken off you. Let them do the stressing. That’s what they are there for.

Article Source: www.biggerpockets.com