Turnkey companies. What's the motive?
I'm about to start REI and am looking at out of state turnkey companies since California is way too expensive.
My question is, why would a turnkey company sell a property that's making money instead of keeping it on their books and collecting rent? I don't get the motivation.
One company I'm looking at is selling properties with renters in place and offers property management afterwards. Why would they sell this?
Thanks!