Investors
A truly turnkey rental from sourcing to exit increases returns while reducing risk
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321 RentLeap Way, Tampa, FL, 33602
$232,040 3 beds | 2 baths | 1,533 sqft
listing active
Offered Rent: $1,650
Term: 36 months
Cap Rate: 6.3%
Total Annual ROI: 19.3%
Annual Cash Flow: $6,242
Turnkey rental properties
- Investors secure the tenant, key terms, and the deposit before they invest in a property. Our platform then includes the tools to manage the property all the way to exit.
Reduced risk and uncertainty
- Our deals give investors more clarity and confidence before they invest. We also take care of the cost and completion of most ongoing repair requests. This supports a turnkey model while providing a consistent high quality tenant experience.
No wasted improvements
- The tenant tells the investor what they want done before move in. It is the investors choice to accept or counter. Either way, investors get to make informed decisions about the ROI before they invest.
Pre-planned sale for increased returns and less risk
- Investors can provide the tenant and RentLeap an option to buy at the future appraised value. No vacancy, no hassle, minimal selling costs, and capex avoidance increase returns while reducing risk.
2-5 year flips can avoid high capex and offer attractive tax advantages
- In a perfect world investors would lock in appreciation and profits in a tax efficient manner before giving it back to capex. Providing an option to buy at future appraised value can help investors with that goal. Investors can sale and then repeat with a 1031 exchange into another RentLeap deal.
Invest in hot markets
- Seller markets can make it challenging to find and buy good investment properties. Having a rental offer in hand helps investors to act fast with less risk.
Platform benefits and features include:
- Tenant on day one
- Entire cost of most common repairs and maintenance Learn More
- 24/7 call service
- Online application and document workflow
- Virtual inspections with pictures and videos
- Online communications hub
- Online rent collection with auto late fees and reminders
- 1099 for all income received
- Export all income and expenses for accounting software
- Pre-planned sale
RentLeap versus Traditional:
| Costs | Traditional | Rentleap |
|---|---|---|
Tenant Placement Fee | $$$ | --- |
Management Fee | $$$ | --- |
| $$$ | --- | |
Platform Fee | --- | $$ |
Total Direct Costs | $16,500 | $13,500 |
Vacancy | $$$ | --- |
Selling Costs | $$$$ | $$ |
Wasted Improvements | ? | --- |
Total Other Costs | $18,000+ | $5,000 |
Total Costs After 3 Years | $34,500+ | $18,500 |
Example for illustrative purposes only. Average based on $225,000 home, first month rent placement fee twice in term, 10% ongoing management fee, 1.5x monthly rent for repairs each year, 5% vacancy rate, 6% vs 2% selling costs, and three year time horizon.