What is a turnkey rental provider?
I see a fair bit of "Turnkey Rental providers". I haven't really looked into it that much, but I was wondering what that involves? My core book of business is in the shenandoah valley in VA. Servicing Winchester, Warrenton, Harrisonburg, Front Royal, etc.
I currently have a PM company, a construction crew, and a brokerage. Sometimes we flip houses for me, and sometimes we partner with other investors. Sometimes we sell, and sometimes we turn them into rentals. I think I am actually a turnkey provider at times even though I never really thought about it. Can someone enlighten me?
Do the rentals I provide need to be currently owned by my company?
Normally what happens is that someone comes to me and says they want to invest in real estate. Than I ask them what they want to do. Some say "flip a house" some say, "buy rental properties". So I help them buy a property ( or sell them mine), and walk them through the whole process of looking at the property as an investment, etc etc etc..... I usually handle the rehab, although not always and we generally either sell it for them again, or manage it. So what am I ?