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" ... For each turnkey investment property you’re interested in, you should request and receive the scope of work. This should detail exactly what is being done to the property in terms of flooring, roof repairs, mechanicals like the water heater and HVAC, and more. If the scope of work isn’t complete yet when you express interest, request a property standards sheet. Each reputable turnkey company should have property standards for each of their rehabs. If the turnkey provider won’t give you either, don’t invest your money there. You will have no way of knowing what their plans are for your property. ... "
" ... L.A. would require a bridge to Dickerson until he is fit as he’s expected to start the season on the shelf as he rehabs his rebuilt knee. ... "
" ... While situations like these can cost a property owner a lot of money in rent, the real money-waster is in the cost of repairs and rehabs. While loyalty to a determined manger is admirable, make sure they are not the one doing the construction work. Not only will there be no competitive bidding going on, but the manager may be billing you, the owner, at a substantial mark-up — in addition to the compensation they're earning as a percentage of the rent collected. ... "