Myrtle beach STR fees

[David Rabinowitz]

Hello All. For the last 2 years I’ve been saving money and absorbing knowledge on real estate investing. Im ready to start making offers on properties. Im looking to get started in Myrtle Beach, ocean front or one block off the beach.

Im underwriting deals taking into consideration PITI, HOA fees, utilities, savings for capex and repairs/replacements, potentially a property management fee and/airbnb fees).

Are there any myrtle beach specific fees or taxes I am missing? Occupancy tax? Or really anything else I’m overlooking.

Thank you!

[Michael Baum]

Hey @David Rabinowitz, here is the site that talks about short term rentals, zoning etc.

https://www.cityofmyrtlebeach....

Here is some info on South Carolina itself but you can drill down to a specific area - https://www.avalara.com/mylodg...