Practical research guide · Updated October 4, 2026
Turnkey STR Inventory: What Belongs in the Closing File
Turnkey is a marketing description until the purchase documents identify what the buyer receives. Build a written inventory and transition schedule so the home can operate as expected after possession.
Inventory by room and system
List furniture, mattresses, linens, appliances, televisions, smart devices, outdoor amenities, and operating supplies. Attach photos where condition or quantity matters. Distinguish seller-owned items from leased equipment and property belonging to a manager.
Review replacement needs
Assign expected repair or replacement costs to worn and missing items. A furnished house is not necessarily guest-ready. Safety checks, cleaning, damaged linens, unreliable appliances, and outdated locks can create immediate spending and delay the first booking.
Plan access and account changes
Coordinate keys, entry codes, alarm access, utilities, internet, vendor contacts, and warranties. Ask providers about transfers instead of assuming an account can be reassigned. Reset guest and vendor permissions after closing through an agreed process that protects existing reservations.
Document the handoff
Use the final walkthrough to compare actual contents with the agreed inventory. Record exceptions and have the transaction professionals address them under the contract. Keep a separate operational handoff for the manager, including scheduled services, unresolved maintenance, and guest commitments.
Action checklist
- Attach an itemized inventory
- Confirm ownership of equipment
- Budget replacements before opening
- Coordinate utilities and vendor transitions
- Reconcile inventory at the walkthrough
Are furnishings automatically included with an STR purchase?
Do not assume that. The transaction documents should identify included personal property and the process for handling missing or damaged items.