Myrtle Beach STR Friendly?

Question

Anyone with experience or properties in Myrtle Beach and the surrounding area?

I am looking to purchase my first property later this year, and we are looking in  Myrtle Beach and the surrounding area.this is going to be a property that we intend to use during the year as a vacation spot (we currently live in NJ) but also plan to rent out when we are not using.  I have been doing some research recently and looking at a few properties but sometime find it difficult to know if STR is allowed etc. I assume the easiest way is to work with an investor friendly agent. Just wanted to see if anyone has experience in this market. once we have our first property we would like to continue to add additional properties along the east coast in STR friendly markets. Specifically in SC,NC,GA and in PA

John Underwood · Answer

I can tell you there are tons of vacation rentals in M.B.

I'd recommend to stay away from condos because there are so many of them it is a race to the bottom for setting pricing.

Michael Baum · Answer

I am with @John Underwood @Ryan Kelly. It really is a race to the bottom on a condo, but you can do well with a nice home. Maybe a block off the beach.

Myrtle Mike Thompson · Answer

@Ryan Kelly Myrtle Beach and its neighboring beach communities (North Myrtle Beach, Surfside Beach, Garden City Beach) are all VERY STR-friendly.  The local economy here has relied on tourism and the revenue generated from short-term rental accommodations for decades.  Both Myrtle Beach and North Myrtle Beach have very clearly defined zoning maps that help inform where you can and cannot operate an STR.  Where it gets tricky is with HOAs.  Almost all of the condo communities on or near the beach allow STR, but many of the single-family and townhome communities do not.  And unfortunately this isn't something you can filter for when you're searching Zillow, Redfin, etc.  That's why I highly recommend aligning yourself with an investor-friendly agent, whether it be in Myrtle Beach, NC, or wherever.  We can really shorten your learning curve and point you towards "investment worthy" options, and I have software that can filter for only STR-eligible properties to save yourself the headache and frustration of finding a property that appears to check all the boxes only to discover it's not zoned for STR or the HOA won't allow it.

Nick Velez · Answer

Another vote for Florida lol. Best part of our market is most of your STR locations have definitive rules already in place.

Andrew Steffens · Answer

There's always Florida :D

Myrtle Beach STR Friendly?

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