Turnkey performance over time
Hi all - I'd love to get some real world data on turnkey performance.
Chris has a great post discussing TK: https://www.biggerpockets.com/renewsblog/mastering...
My concern as a new investor is the long term performance of these types of investments.
1) Who has purchased something TK and would be willing to share actual vacancy, maintenance, cash flow, appreciation (if you've had it long enough), etc.? The pro-formas always look great, don't they?
2) Another question in my head related to TK is whether people just pay the PM fee or if they Master Lease to the PM or TK providers. It seems that the ML would better align future interests. What am I missing?