Updated about 7 years ago on . Most recent reply
STR Myrtle Beach, SC - Ocean Front
Hey Members,
Been doing research since my last post and one of the top markets I came across has been Myrtle Beach on the ocean. It is STR friendly and thrives on tourism. Any thoughts/concerns? Anyone already in the market doing well?
Most Popular Reply
Crunch your numbers.
Realize that property management can often run 35%+ and HOA fees $650+. Tourism is first thing to get axed in a recession. Summer is the only time you'll make money, the rest of the year you are extremely lucky to break even. Get rent comps from airbnb and vrbo.
Go in with this knowledge and you'll be fine.