What if the rental property that makes the most sense for your investment goals isn’t anywhere near where you live?
Buying out of state can open up opportunities in more affordable markets, but it also raises important questions. How do you know whether a market is worth investing in? Who manages the property when you’re hundreds of miles away? And how do you make sure the numbers work before you buy?
In this episode, Aviva Sonenreich and Zach LeMaster, founder and CEO of Rent to Retirement, discuss how turnkey real estate investing works and what it takes to build a rental property portfolio across different markets.
Zach shares how he went from serving as an Air Force captain and working as an optometrist to investing in rental properties and building a turnkey investment company. He explains how his team identifies markets, evaluates new construction, and establishes local property management relationships so investors can purchase rental properties outside their home markets.
Key Topics Discussed
- How turnkey real estate investing works, what services a turnkey provider may offer, and what responsibilities remain with the property owner.
- Why Zach began buying properties out of state and how expanding your search can create access to different price points and investment opportunities.
- How housing supply and demand, job growth, affordability, taxes, and landlord regulations factor into market selection.
- Why Zach looks beyond major metro areas when evaluating locations for rental properties.
- What investors should consider about builders, construction quality, warranties, insurance, and property location when evaluating new construction rentals.
- How Zach evaluates property managers using their experience, portfolio size, vacancy periods, and other operating metrics.
- How Zach and his wife grew from their first duplex to owning properties across multiple markets and asset classes.
- Why Zach emphasizes consistent investing, financing, reinvesting equity, and understanding the work involved in owning real estate.
About the Guest
Zach Lemaster is the Founder and CEO of Rent To Retirement, a turnkey real estate investment company that helps investors acquire and manage rental properties across the United States. A seasoned real estate investor and licensed broker, Zach has built a diversified portfolio spanning single-family homes, multifamily properties, commercial real estate, and new construction. He draws on his experience investing across multiple markets to help others navigate rental property acquisitions, build portfolios, and pursue long-term wealth through real estate. Zach is also a licensed optometrist who practices on a volunteer basis.
About the Host
Aviva Sonenreich is the Managing Broker and Owner of the Warehouse Hotline, a Denver commercial real estate brokerage specializing exclusively in industrial properties. She leads the firm’s brokerage operations, negotiates industrial sales and leasing transactions, advises clients on acquisition and disposition strategies, and oversees the company’s marketing and business development efforts. Through Commercial Real Estate Secrets, she interviews leading investors, brokers, developers, and industry experts to provide actionable insights on commercial real estate investing, brokerage, leasing, development, and market trends.
Looking Beyond Your Local Market for Your Next Investment?
Finding the right property starts with understanding your investment goals, evaluating the market, and knowing what to look for before you buy.
The Warehouse Hotline helps investors and owner-users purchase industrial real estate, from identifying suitable properties to evaluating opportunities and navigating the acquisition process. Whether you’re buying your first warehouse or expanding your portfolio, our team can help you explore industrial properties that fit your needs.
