FAQs

Does MartelTurnkey own the properties listed on the website?

The inventory comes from a variety of sources:

  1. Family owned by MartelTurnkey;
  2. FlipSystem: FlipSystem is MartelTurnkey sister company.  Using our trusted teams on the ground, FlipSystem clients acquire, renovate and tenant a property and then offer them for sale on MartelTurnkey;
  3. Other sources.

*Property details and financials are provided by the owners. The best way to protect yourself is through a home inspection.  We will introduce you to home inspectors. MartelTurnkey is not responsible or liable for discrepancies.

What are the steps involved in buying MartelTurnkey turnkey rentals?

There are a few steps involved. A helpful infographic can be found here.

Can I see the property in person before I buy?

Yes you can. However, most of the turnkey rentals that we have available already have tenants in place and we do not like to disturb the tenants. You must be under contract due to liability.  

99% of people do not visit the property, but rely on the home inspectors, appraisers, property managers, photos, and online resources to “see” their property.

Do all the properties come with tenants in place?

Yes, all of our turnkey rentals are sold with tenants in place, unless otherwise described.

How do I finance a purchase with MartelTurnkey?

We have lenders lined up ready to finance the purchases of your turnkey rental properties. Whether you will be using conventional financing or buying through your retirement account, we have lenders ready to go. You are free to use your own lender as well; however, we highly recommend using our lender as they already know our product, process, and neighborhoods.

What can I do if I don’t have W2 income?

There are many alternative ways to finance turnkey rental property purchases including using a DSCR loan or a private lender.

How soon do I start getting income from a turnkey rental I’ve purchased?

Our goal for you is to buy our turnkey rentals with tenants in place, which means the cash flow begins to come in from day one!

What kind of insurance do I need?

A full discussion of turnkey rental insurance recommendations can be found here.

What if there is a fire or tornado?

Natural disasters would be handled through your rental property insurance company, just the same as your primary residence.

Does MartelTurnkey manage the turnkey rentals for us?

MartelTurnkey does not provide professional property management services. However, there is a local property management team in place for every turnkey rental property. You will be introduced to them during the sales process. If you wish to use someone else, you’re always free to do so.

When will I be able to speak with the property management company?

You can contact the property management company about a property you have under contract. Just let us know and we will furnish the contact information.

How much does property management typically cost?

The property managers we use charge 10% of collected rents. If a new tenant is signing a lease then the property manager takes 1st months rent as a fee. If a tenant is renewing a lease then the property management company will charge a nominal fee. These charges are subject to change.

What if my tenant stops paying?

The property manager will advise you in this situation and act on your behalf to collect late fees and/or engage in court proceedings for eviction. All of the states that we invest in are landlord friendly states, which makes these processes inexpensive and effective.

How do I get repairs and maintenance done on an out of state property?

After the property management company receives the maintenance request from the tenant, they will arrange for repairs to be completed.

Have additional questions?

Book a call!