How buying a turnkey rental works
You choose the home and do your own due diligence. We handle the renovation, the tenant and the management. Most purchases close 30 to 60 days after an accepted offer.
- 01
Explore properties
Browse available homes. Each listing shows the price, rent, every expense line and three return scenarios.
- 02
Review the financials
Adjust vacancy, repairs, taxes, insurance and financing in the calculator. Request the full Investor Property Package.
- 03
Schedule a consultation
A 20-minute call to confirm the home fits your plan, your budget and how you will pay.
- 04
Complete due diligence
Inspection, lease and payment history, title, appraisal if financing. You may use your own inspector.
- 05
Purchase your property
Sign the purchase agreement and close with a Mississippi title company. The deed is recorded in your name or your LLC’s.
- 06
Start managing your investment
BNL keeps managing the home. You get portal access, monthly statements and distributions.
The assumptions behind our numbers
Before you look at a single listing, here is how every proforma on this site is built.
| Assumption | Conservative | Base | Optimistic |
|---|---|---|---|
| Vacancy & credit loss | 12% | 8% | 5% |
| Repairs & maintenance (share of rent) | 10% | 8% | 6% |
| CapEx reserve per year | $1,500 | $1,200 | $900 |
| Management fee (collected rent) | 10% | 10% | 10% |
| Average years between tenants | 1.5 | 2.0 | 3.0 |
| Property tax, when no bill is on file | 2.2% of price | 1.9% of price | 1.5% of price |
| Insurance, when no policy is on file | $2,200 | $1,800 | $1,400 |
What stays with you, and what we handle
You get the deed, the lease and the history. We keep the work.
You
- Own the home in your name, your LLC or your IRA.
- Approve repairs above the limit in your management agreement.
- Receive monthly statements and distributions.
- Decide when to buy more, refinance or sell.
BNL Investments
- Screens and places tenants with written, consistent criteria.
- Collects rent and follows up on late payments.
- Handles maintenance requests with local vendors.
- Files the paperwork for evictions with counsel when needed.