Articles - Turn Key Rentals | Property Management | Cash Flowing Properties

Automate tenant management

There are several ways you can automate tenant management at your rental properties:

1. Use a property management software: Property management software can help you automate many aspects of tenant management, including lease agreements, rent collection, and maintenance requests. Some software even includes features such as automatic late rent reminders and the ability to accept online rent payments.
2. Set up automatic rent reminders: Use a calendar or task management app to set up automatic rent reminders for your tenants. This will help ensure that rent is paid on time and reduce the risk of late payments.
3. Use a digital leasing process: Many property management companies now offer digital leasing options, which allow tenants to complete the leasing process online. This can save you time and make the process more efficient.
4. Automate maintenance requests: Set up a system for tenants to submit maintenance requests online or through a smartphone app. This can help you track and prioritize maintenance tasks and keep your properties in good condition.
5. Consider hiring a property management company: If you have multiple rental properties and want to automate tenant management, you may want to consider hiring a property management company. These companies handle all aspects of property management for you, including tenant relations and maintenance.

Automate your rental property utilities

To automate your rental property utilities, you can follow these steps:

1. Set up automatic payments for your utilities: Many utility companies allow you to set up automatic payments from your bank account. This will ensure that your utilities are paid on time every month without you having to manually pay the bills.
2. Use a smart thermostat: A smart thermostat can help you automate your heating and cooling by learning your preferences and automatically adjusting the temperature based on your schedule. This can save you money on your energy bills and provide a more comfortable living environment for your tenants.
3. Install smart plugs or outlets: Smart plugs and outlets allow you to control appliances and electronics remotely using a smartphone app. You can use these to automatically turn off lights and appliances when they are not being used, saving energy and money.
4. Set up automatic reminders: Use a calendar or task management app to set up automatic reminders for when your utilities are due. This will help you stay on top of payments and avoid late fees.
5. Consider a utility management service: If you have multiple rental properties and want to simplify the process of managing utilities, you may want to consider a utility management service. These companies handle all aspects of utility management for you, including billing and payment.

Investors that buy houses in Minneapolis

Many of our website visitors are looking for turn key rentals for sale in Minneapolis, however most don’t know that we are also investors that buy houses in Minneapolis.

Just as there are buy and sell sides to most businesses, ours is no different, we have to source our turn key rentals from somewhere!

As investors, we are always looking for those distressed properties for sale that will be a win-win agreement for both parties.  When purchasing homes, we do extensive due diligence to make sure that both sides come out on top and our investors receive only the best turn key rental properties.

If you’d like to sell your Minneapolis home, please don’t hesitate to head over to www.webuyhousesmn.com and submit your information so that we can contact you with a quote.

Our team is very quick to provide a quote and won’t waste your time.

Hopefully this update serves you well!

The Turn Key Rental .Net Team

Investing in Rental Property: You Don’t have to do it Alone

Investing in rental property often offers another outlet for investors to see rapid and steady returns. However, rental property can be the best thing investors have ever experienced or a nightmare. Most investors feel overwhelmed when faced with the thought of managing their new rental property alone. In other circumstances current rental property owners may be frustrated with their current tenants and could be ready to avoid rental property in the future. If you’ve been thinking of investing in properly and renting it out you may be overwhelmed with the many options available to you. You may also be worried about collecting rent or rehabbing your property to the best standards. If this is your situation you may want to look into turnkey solutions to help you reach your goals.

When you first think of rental property you will likely envision a traditional system of property management where you will be completely alone in finding or managing your property. Your first challenge will be to find a property that will be suitable for repair and rental soon. If you want to find a property on your own you’ll need to search through the internet, newspapers, and possibly even partner with a local real estate agent. Even if you partner with an agent in your area a traditional realtor may not be able to help you find the best property for you.

After purchasing your property alone you’re going to need to rehab it to the best standards to get the best tenants.  This will certainly require cleaning and it may even require repairs. If you chose the wrong property you may end up putting more into the repairs than you’d like. However, repairs are essential to the upkeep of your property and for the safety of your tenants. To have repairs performed you’ll have to either find a local contractor by searching around in your area or do the repairs yourself.

After rehabbing your property you’ll also need to place some tenants to get your investment to produce a steady return. This may be difficult for an owner to do alone. Placing tenants alone may lead to unpaid rent, property damage, or other undesired results. You can choose to have a realtor assist you with some aspects of property management, but this may not be a total package. You will need to look around for a property manager in your area as well to assist you with these tasks for your rental property.

In the end there’s no reason to invest in rental property alone. Turnkey Rentals has many solutions to help you invest in property while maintaining a full time job. We also help you to have a hands off investing experience if you want to or you can be involved as well if you like. So give our friendly agents a call today or visit us at turnkeyrentals.com for more information on purchasing your next rental property. Let us help you find the perfect property today and give you peace of mind with complete property management solutions.

Property Investment: Beyond the Stock Market

Property investment

It seems to be the hot topic these days among investors, but what’s it really all about? We’ve all heard of stocks, bonds, and mutual funds. These are traditional investing tools that most if not all investors have been using for the past decades. Property investment has been around for a while as well, in fact longer than the stock exchange itself, but it doesn’t often get the exposure it deserves. This is a great steady way to get the return on investment that you’ve always wanted in a traditional market.

Many investors are looking to diversify their portfolio, but they aren’t sure what the next step might be. Even investors with multiple accounts, lots of stock, and a growing retirement fund can stand to gain a good profit from property investment. Although, many investors are nervous to take the plunge into the world of property management or the realty market, especially after recent downturns in the market. Yet we’ve been managing properties while helping professionals like you invest in real estate since 2007 and throughout the housing crisis with wonderful results.

Today however the market is looking better than ever and real estate investment has increased steadily over the past couple of years. In fact now is a wonderful time to begin your property investment with turnkey rental properties. There are many great resources and options on the market today for beginner or expert investors as well. Turn key rental properties are very lucrative and will give you a steady return on your investment. Later if you want to sell your property it will give you a great final return as well on your initial investment. However many investors worry about placing renters and refurbishing the property that they purchase.

Turn Key Rentals has revolutionized the market for turnkey rental investing. We handle all of the details to make your property investment a snap. You won’t have to worry about rent collection, rehabbing property, or placing your next renters. When you buy with us we rehab your property and place renters quickly to give you the steady investment income that you’ve been looking for. This allows our investors to have a totally hands off experience, but investors can be involved in the management of their property as well if they desire to do so. It’s your choice and we work with our investors to help them have the best experience possible.

We know your time is valuable and many of our investors are professionals with work and family obligations. Please don’t think that this will prevent you from becoming a property investor. We can help you find just the property to suit your needs and have your investment producing a great return in no time. If you’ve been thinking of property investment give us a call today. Our friendly agents will be glad to tell you more about the world of turnkey rentals. See the difference with Turnkey Rentals today!

Property Management – A definition

Property management

Property management and property investing have been getting quite a lot of attention in the past few years. With the housing crisis that began in 2007 many homeowners were forced to sell their homes or homes were foreclosed. Foreclosed homes often sold for far less that they normally would have.  This allowed banks to recoup the value of the property and satisfy the loan that they had given the buyer. In all of this emerged a group of property investors that is now stronger than ever since the market is gaining momentum. However some of these investors gained a great deal of low-priced property during the downturn and have been leasing it for a great monthly profit.

With all of this comes the need for property management. If you own a piece of property with a home it will inevitably need upkeep. If it sits empty someone will have to mow the lawn and perform basic maintenance tasks to prevent a loss of value or damages. Other concerns such as property tax and homeowners insurance should be addressed as well. Property taxes will be a yearly requirement for property owners and may be required in either county or city levels. Property or homeowners insurance is also very important to protect your property from unforeseen events such as fire, floods, storm damage, etc… This can be setup in several different ways so it’s best to consult a local insurance agent for more information about plans or policies for your property.

A property investor does not want their property to sit empty. Rent from your property will provide a steady stream of income for you and your family. This is a passive return on the investment that you’ve made. Most property owners will need to advertise with local sources or on the internet to find someone to lease their property. Then there is the problem of liability for damages, unsuitable renters, and late rent. So this area of property management may be quite off putting to investors, but it doesn’t have to be.

At Turnkey Rentals we make property management so easy that investors don’t have to do a thing except watch for their check to arrive. When an investor comes to us we help them find the best properties at the best values to purchase without aggressive sales tactics. Once the property has been purchased we will take care of all of the rehab needs and be sure that work is done to the highest of standards. So when the property is ready we can lease it as soon as we find suitable tenants for you. You can live in a different state and trust that your rental is generating wealth.  We understand that our investors have other commitments and that their time is valuable. If you’ve been thinking of property investment get in touch with our friendly agents to see how our hands off property management approach can make all the difference in your investment. Email info@turnkeyrental.net for more information.

Residential Real Estate Investors: A Message

A Call to Residential Real Estate Investors

We want to sell 100 turnkey rental properties to residential real estate investors by the end of 2014.

Currently, we’re at about half that capacity.  We’re growing rapidly and setting up more efficient systems everyday to handle the number of homes we put offers on, those we actually purchase, and those we rehab.

Almost all of our customers are repeat customers: doctors, lawyers, dentists, bankers, hedge funds – they all see the value in purchasing turnkey real estate assets at a fair price.  They know that investing with us provides a win for both sides.  We’re not trying to make the largest profit on one house – we’d much rather take a hit and have you as a customer for life.

Speaking of, a large aspect of our business is trust.  We find that a good indicator of trust is how often you receive repeat business.  The fact that 90% of our investors buy from us more than once gives us a great feeling.

These residential real estate investors see the value in an investment with us – call us at 612-424-0509 or email info@turnkeyrental.net to learn how you can begin investing in residential real estate.

Thanks!

The Team at TurnKeyRentals.net