Turn Key Rental Properties Into Your Income Stream Today
Evaluating the Costs and Returns
While turn-key properties can be lucrative, it's crucial to understand the costs involved. Initial purchase prices can vary widely depending on the location and property type. Additionally, management fees, typically ranging from 8% to 12% of rental income, should be factored into your calculations. Despite these costs, the potential for high returns remains strong, particularly in markets with rising property values and rental rates3.