Bigger Cash Flow Podcast 033: Leveraging Other People’s Time and Knowledge w/ Alex Craig, Turnkey Properties
Welcome to the Bigger Cash Flow podcast, where each week, we share tips and tricks on how to grow your monthly cash flow and get out of the rat race. We also interview real estate investors and business owners to gain insight into how you too can reach your goals of financial freedom. For more information on investing, real estate, and increasing your overall cash flow, head on over to biggercashflow.com and check out some of the blog posts.
Episode: 033
Title: Leveraging Other People’s Time and Knowledge w/ Alex Craig, Turnkey Properties
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Bigger Cash Flow Podcast 033: Leveraging Other People’s Time and Knowledge w/ Alex Craig
Alex Craig became a Real Estate Investor in 2007, after eight years of working in Corporate America as a National Sales Manager and Director of Marketing for Worldwide Adhesive and Plumbing Manufacturer.
He has since become the co-founder and president of Turnkey Properties, operating and selling homes in Memphis and Little Rock. Their business model enables ownership of cash flowing properties for investors who may not have excellent cash flow opportunities in their own market or simply do not have the time, desire, or expertise to be rehabbers or landlords. Simply put, they have a team in place to do all the work, while you receive monthly rental checks with as little involvement as you desire.
He is a lifetime native of Memphis and outside of work, Alex enjoys travel, playing and coaching basketball and baseball, and spending time with his wife and three daughters.
On this episode you'll learn:
Intro: Alex’s Bio & Background
Overview: Little Rock and Memphis rental markets
How long have you been in business as a Turnkey provider?
Can you provide a step by step process of what the turnkey purchasing is like with your company?
What types of neighborhoods do you purchase/sell properties in? A, B, C, D classes?
What is the rehab process like on each property? What items are replaced?
Do you provide property management in-house or outsource to a 3rd party?
How many properties/doors do you manage? And how many employees do you have?
What is your vacancy rate across your managed properties?
What is the screening process for qualifying tenants? Who is your average tenant?
What is your eviction experience?
How long does it typically take to fill a vacancy?
How many out of state investors do you work with? Are there any nuances or pitfalls that remote investors should be aware of?
Can I fly out and take a tour of your operation and view available properties?
What is your communication response time for owners and tenants and via what means?
Contact Info:
Email: info@memphisturnkey.com
Website: https://turnkeyinvestproperties.com/