MTR In Hilton Head.
Does anyone have an MTR in Hilton head SC that would be able to drop some knowledge on me. Or maybe someone with experience in the area. Thanks in advance!
Good Morning Bo,
Are you specifically looking for MTRs or also STRs and LTRs?
Just last month I bought a property in Sea Pines that I will be utilizing for STRs for the summer months and MTRs to LTRs for the Fall/Winter months in Sea Pines.
I worked in the rental side of this industry here on the island for over 5+ years before making the transition to Real Estate - so am happy to share any knowledge I can.
Painting with a very broad brush (as going into every community and intricacy of Hilton Head on this platform would be too long of a message) a few suggestions would be as follows:
MTRs - If this is your niche in real estate - you honestly may have more success in Bluffton for MTRs. Lower entry point for property values, and then if you can secure a location that is close to both Hilton Head & Savannah you can hit a larger demographic of renter and cater to both these working markets.
STRs - This would be Hilton Head. Specifically the 29928 area code. There are properties and communities here that do great as short-term rentals, but would not do as well as MTRs due to their square footage, price point, and "vacation standard." Painting with a broad brush once more - there are 700sqft villas on the island that are great for STRs that can go for $400k+ and generate a return - but for around the same price out in Bluffton you could get a home.
LTRs - This would be a mix on Hilton Head and Bluffton. If you found a community (Sea Pines, Forest Beach, Palmetto Dunes, etc.) that allows STRs but also has the demand for LTRs there in the "'off-season" this would be another direction that could work.
It comes down to your specific venture and direction you wish to pursue in Real Estate down here, as each type of rental would have some overlap with each other, but there would be areas that would produce the best for each individual need.
Hope that helps!
Sincerely,
Ryan Bunting