All Forum Posts by: Casey Crowe

I've thought about AirBnB myself, but I think location is paramount, and I'd want to manage it 100% myself. Which means regularly going out and turning the property, or paying someone a pretty penny to do it for me. 

Then it stops being passive income, and becomes a job. Especially considering managing the listings, bookings, supplies, cleaning, etc. 

 It was https://amgnevada.com/

This makes me miss the company that ran my property in Las Vegas. They were $80/mo, no setup fee, and you didn't pay if the property was vacant. They were fantastic to work with, too.

Be sure you factor in property taxes. Call the assessor for the county the property is in and have them estimate taxes for you based on non-owner occupancy. The taxes will roughly be 3-5x higher. Something to keep in mind.

 As David said, I was referring to property taxes. The rate changes from 4% to 6%, and you don't get tax cuts for the state sales tax, or the school operating fund tax, depending on the county. That indeed translates to about a 3 or 4 fold increase. My personal residence would go from $900/yr to $3600/yr. So be sure to factor that in. Either calculate it on the assessor's site, or call the assessor to get an estimate. And if you get a great deal on a property in need or rehab, they will periodically re-assess. It's based on your purchase price or the last reassessment, whichever is most recent. 

Since you're an out of state investor, just be very sure to do your due diligence with regards to property taxes for landlords. 

My buddy Troy Fortner is great: 

https://fortnerelectric.com/

FYI: taxes are 4-5x higher for rental properties if you don't live in it yourself. Just keep that in mind when running numbers. 

Hey! Former Airman here! Your best bet is to look right around the base. While Shaw is kind of near Columbia, there are no freeways to get to it like many other bases. It's quite the commute unless you live right off base. I work in the heart of downtown Columbia, and it's still a 40 minute drive to Shaw. Google maps/directions will be your friend here. It's in the middle of nowhere. 

Welcome to SC!

Being that SC is a closed state, I'm curious how one would procure this data?