Turnkey Property

A turnkey property is a rental home that’s fully renovated (or new), leased, and professionally managed—ready to generate income immediately after purchase. For investors, it offers a low-stress, passive path into real estate ownership. You don’t have to fix anything, find a tenant, or manage the day-to-day—it’s all done for you. Meridian specializes in turnkey single-family rentals in high-demand Memphis suburbs. Our homes are newly built, fully leased, and supported by local property managers who handle everything on your behalf. Turnkey investing is ideal for out-of-state buyers, busy professionals, and anyone looking to grow wealth without becoming a landlord.