Property Management
In South Carolina, what does a 'turnkey' property management arrangement mean?
AThe property manager holds a key that turns over to the tenant
BThe property manager handles all aspects of property operations with minimal owner involvement✓ Correct
CA furnished rental ready for immediate occupancy
DA management arrangement where the manager also has an ownership stake
Explanation
A turnkey property management arrangement means the manager handles all operations — leasing, maintenance, rent collection, financial reporting — with minimal involvement from the owner. It allows passive real estate investing.
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