I'm interested in becoming a landlord in South Carolina and I was wondering if this state is landlord or tenant friendly? If anybody is familiar with this state, please explain in detail the states procedures. I would greatly appreciate it!
I apologize if this question was asked before. Thank you!!
@Matthew T. I think SC is a landlord friendly state. I work for an investment company/ property management company in Greenville South Carolina and we cover the Upstate and surrounding areas. of course on a regular basis go to court with our tenant and win on a regular basis you just have to have all your ducks in a row all your documentation correct. There are some cities within the state that are more friendlier to landlords than others, Spartanburg SC is a great example of that it's much easier to win in Spartanburg just because you're the landlord and your tenant didn't pay rent or they stepped out on you or they damaged the property. something to that effect will be easier to win with documentation. Before and after pictures, signed leases. We use the state rental lease agreement.
What area are you looking to buy in? I'm a RE broker as well, would love to help you if u need any!
Before you invest in real estate in SC, catch this thread. Property tax on non-owner occupied properties are MUCH higher (3.5 times higher in my case) than for owner occupied. This can eat up some or all of the cash flow. The numbers can make sense, but you have to be aware of this issue in SC. Don't go by the property taxes paid by the last owner if the property was owner-occupied.