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Turnkey rental properties are single family and multifamily houses that are sold to rental property investors in "turnkey" condition with tenants in place.

 

### Who buys Turnkey Rental Properties?

 

 Turnkey rental property investors are typically looking for a hands-off way to invest in the rental property asset class without needing to handle the core components of rental property investing:

 

- finding a property that needs renovation
- renovating the property
- screening tenants and leasing the property
- managing the property and tenants

 

Many turnkey rental property investors are out-of-state investors living in real estate markets that are not attractive for rental property investing.

 

### What metrics do turnkey rental property investors analyze?

 

Turnkey rental property investors look at several metrics when assessing investment opportunities. Here are the most important metrics:

 

- [Cap Rate](https://www.offermarket.us/real-estate-glossary/cap-rate-capitalization-rate)
- [Cash-On-Cash-Return](https://www.offermarket.us/real-estate-glossary/cash-on-cash-return)
- [Gross Yield](https://www.offermarket.us/real-estate-glossary/gross-yield)

 

### [Browse turnkey rental properties on OfferMarket](https://www.offermarket.us/listings)

Turnkey rental properties are single family and multifamily houses that are sold to rental property investors in "turnkey" condition either with tenants already in place or ready to rent.

Turnkey Rental Properties - Real Estate Glossary - OfferMarket

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What is Turnkey Rental Properties in real estate?

![Virtual Staging - OfferMarket - BoxBrownie.jpeg](https://www.rentstack.co/uploads/Virtual_Staging_Offer_Market_Box_Brownie_5208677f27.jpeg)

 

### What is virtual staging?

 

To understand virtual staging, let's first take a look at traditional home staging. When you sell your house, instead of having it empty, it can be beneficial to have it professionally "staged" with high end, trendy furniture, place settings, drapes, paintings, etc. This helps buyers imagine the potential of the house, which can be difficult if the property is completely empty.

 

The problem with traditional staging is that it is very expensive, we're talking $2,000 - $2,500 per month for a 2,000 Sq Ft house. For more on this, read [Who pays for staging a house?](https://technical.ly/baltimore/2021/06/10/offermarket-daniel-sperling-horowitz/)

 

Virtual staging uses augmented reality to digitally apply staging elements (i.e. furniture) into your professional real estate photographs. Virtual staging costs under $25 per photograph which is a huge savings compared to traditional staging.

Virtual staging is gaining popularity as a low-cost alternative to expensive traditional staging. There's more to learn at OfferMarket.

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Virtual Staging - Real Estate Glossary - OfferMarket

What is Virtual Staging in real estate?

Real estate auctions are a way to sell your property without additional price negotiations at the end. Its a price discovery mechanism that is often used by homeowners, banks, governments and builders. Auctions often have a higher chance of selling a property within a given timeframe. When auctions happens, the property (if listed without a reserve price) will go to the highest bidder on that day. This way some homeowners sacrifice extra price discovery mechanism, such as negotiations, to get extra expediency during the sale of their property. 

 

Each typical part that participates in real estate auctions have their own motivations for doing so. Governments auctions off property when someone fails to pay their taxes. Homeowners might auction off a property in bad shape. Builders might sell a portfolio of properties at the same time. 

 

The most common types of real estate auctions are listed below:

 

1. A Reserve Auction. The seller has a price in mind which if not reached he isn't obligated to sell his property. Its not known before auction starts. 
2. A Minimum Bid Auction. A minimum price below which the sale won't happen. Its known before auction starts. 
3. Absolute auction, or no reserve auction. Highest bid wins no reserves or minimums.

Real Estate Auctions are ways of selling and buying real estate properties. The main difference in auctions is that there is not post bid price negotiations.

What are Real Estate Auctions?

## What is a Cash Backed Offer?

 

A cash backed offer means the buyer's offer is guaranteed by a [power buyer](https://www.offermarket.us/real-estate-glossary/power-buyer) and therefore there is no financing contingency and reduced appraisal contingency risk.

 

A buyer who submits a cash-backed offer is working with a mortgage lender, usually the power buyer, to fund the purchase of a property. If there is a delay or financing falls through, the power buyer steps in and purchases the home in cash on behalf of the buyer and works with the buyer after the transaction to secure a mortgage on the property.

 

This empowers the buyer the ability to make what is effectively a cash offer, significantly increasing the probability of the offer being accepted.

 

[Power Buyer](https://www.offermarket.us/real-estate-glossary/power-buyer) services enable these cash-backed offers to help home buyers provide a superior offer and get their offer accepted. 

 

## Cash Backed Offer Financing Contingency

 

With a cash backed offer from a power buyer, the buyer can submit an offer without a financing contingency. This give the buyer an advantage because an offer without a financing contingency is more attractive and desirable to the seller.

 


## Cash Backed Offer Appraisal Contingency

 

With a cash-backed offer, the power buyer can assist the buyer in the event the appraisal comes in lower than the purchase price in the contract. The power buyer can help bridge the appraisal gap by reducing the buyer's closing costs. This increases the probability that the transaction will close successfully without significant delays.

 

## The Rise of Power Buyers and iBuyers

 

- [What is an iBuyer?](https://www.offermarket.us/real-estate-glossary/ibuying)
- [Mike DelPrete Research: Power Buyer, iBuyer](https://www.offermarket.us/blog/mike-delprete-research-ibuyer-power-buyer)

Through cash-backed offers, power buyers  provide buyers the ability to make what is effectively a cash offer, significantly increasing the probability of the offer being accepted.