Renting in Myrtle Beach SC

2 Replies

Hello Forum. I am thinking about investing in Condo Rentals in Myrtle Beach, SC. Does anyone know what the typical number of weeks to expect the Condo to be rented per year? What range would I expect 20-30?

Philip,
It really depends on the area or resort your looking at. They can do anywhere from 75-150 nights depending on the property. Just check out some rental comps for whatever building your looking at to get the price per night. You can also estimate the number of nights it will rent for by taking the average booked nights on calendars from various rental websites. In some cases, you will have to do some forecasting as a lot of vacationers will book a couple months in advance so you won't be able to tell exactly what's filled up. Just be aware they don't rent much in the winter. Dec-Mar.
Hope that helps.
Preston

Promotion
Innago
Property Management Software
Manage Your Rentals Better For Free. Save Time & Money.
Easily Collect Rent, Screen Tenants, Sign Leases, List Properties, Manage Work Orders, & Much More!
100% Free Try It Now