If you’re interested in investing in real estate, you may not be sure of where to start. But, in your research, you may have come across one term in particular: turnkey real estate investing. It’s often marketed as a hands-off approach, one in which an investor purchases a move-in ready commercial or residential space and quickly receives a profit.
While turnkey investments can sometimes be that simple, in most cases, it requires a bit more work from an investor. That’s where hiring the right real estate professional will come in handy. Turnkey real estate investing can be a profitable enterprise — but only if done right the first time around.
If you’re new to turnkey property investments, don’t worry — CTG Real Estate Services is here to help. Below, find out the basics of turnkey investing to make sure it’s the right path for you. When you’re ready to get started on your own investing journey, schedule a consultation with our CEO and founder Chris Gardner today.
What is a Turnkey Investment?
In the real estate world, “turnkey” is often a buzzword used by real estate professionals to attract attention and investors. However, there is no single definition for a “turnkey investment.” It simply depends on how your professional defines this term.
In most real estate circles, turnkey investments are any investments that are ready for tenants to move in. For commercial real estate, this means office buildings that are prepared for a client to come in and tailor the space to their needs. For residential real estate, this means that the space is fully equipped for residents to move in and start generating you (the investor) profits.
Most new investors to the real estate industry assume that “turnkey property investments” means that you don’t have to do a thing beyond purchasing the space. This is not always the truth. So, it’s important that you are aware of the full status of a real estate space before you decide to invest your money and time into the property. Make sure your real estate professional describes in detail exactly what his definition for “turnkey investment” is, so you are not caught unaware.
What Does Turnkey Real Estate Investing Involve?
As mentioned above, in an ideal world, turnkey real estate investing would involve nothing beyond purchasing a property space. The space would already be renovated, rented out and efficiently managed — leaving an investor like you to just front the funds for purchase.
However, turnkey real estate investing can sometimes mean a lot more. There is a lot that goes into creating a ready-to-move-in property, and not all of these steps are completed before an investor buys a so-called “turnkey property.”
When you go to purchase a turnkey investment, you may find these steps will still need to be taken care of:
- Renovation for new clients
- Locating new clients and tenants
- Hiring of facilities and property managers
- Creating plans for long-term profit and sustainability
- And more
Because of the variety in what “turnkey property investing” really means, it’s crucial that investors are in close contact with their real estate professionals — and fully understand exactly what they are being sold when it comes to their turnkey property investments.
Why Should I Work with CTG Real Estate Services for My Turnkey Property Investments?
Here at CTG Real Estate Services, we understand the importance of transparency in our turnkey real estate investing business. That’s why we offer all the actual steps of the turnkey real estate investing process. We are here to help you through every step of your investing journey.
Maybe you are looking for a property that’s already been renovated and has property and facilities management services in place. Chris Gardner can help you locate the property that works best for your needs and budget, and he’ll always be there to offer any additional services your real estate space may need before, during and after purchase.
On the other hand, perhaps you’re looking for a property you can acquire, renovate and turn into a turnkey property. CTG Real Estate Services can assist with that, too. Our unique turnkey solutions will make sure that every step is taken care of along the way.
Our team has years of experience in the following turnkey real estate investing services:
- Finding the Right Space
- Assisting in the Buying or Leasing Process
- Completing Requests for Proposals and Hiring Contractors
- Designing the Space
- Building Out the Space
- Moving into the Space
- Creating Long-Term Facility Plans and Capital Plans
- Decommissioning Old Spaces
Don’t be fooled by those turnkey real estate investment companies who will buy a new space, find tenants and call it “turnkey” to attract investors like you. Remember that CTG Real Estate Services will help accomplish everything you need — which includes all of the services required to maintain your property for months and years after your original purchase. Our team won’t leave you high and dry once the property is built and tenants are in the building; we will be your ongoing real estate partner, if you so desire.
Want to learn more about finding the right turnkey property investments for your preferences and investing goals? Schedule a consultation with Chris Gardner today.