All Forum Posts by: Dean DellaVecchia

This is great advice @Mark H. Porter.  We did put in an offer on a place that would work with numbers, but did not get it.  I have been trying to keep the emotion down since.  It is hard not to jump in just to get something!  Great timing on this advice! 

Hello Keri,

I'm looking mostly in North Myrtle, but I want to say I have been working with @Alexander Knowles the last couple of weeks as my realtor, and he has been great.  He has been able to do some research for me, and has been extremely helpful.  I would suggest reaching out to him directly to see if he has any other info.

Dean

@Keri Mallozzi I am looking to get into the North Myrtle Beach area myself. I vacationed there as a kid for many years, and I am really interested in purchasing a STR. I am in the very beginning stages of looking, but once my wife and I decide on something we generally move pretty quick! I will be sure to share what I find out as I work through the process...but I am in the same spot as you right now.

Good luck!

Dean DellaVecchia

Thank you for the info @Alexander Knowles.  After I do some research on my own, I may be reaching out to you!  I am guessing that the zoning changes are more related to single/multi family rather than the condotels? 

Without allowing short term rentals in those monster buildings it would seem as though the city would be losing a major source of business.

Thanks John! Didn't think about the competition side of things!

I just started my real-estate rental journey, soon to finish a gut and remodel of an sfr, currently screening tenants.  I hope to be able to get the next deal sometime soon, but might want to make a career in real estate in a different direction.

I have always been interested in short term rentals in North Myrtle Beach or Myrtle Beach.  I went to Beach Cove Resort for much of my childhood, and loved that style vacation.  I am interested in pursuing AirBnb or VRBO short term rental properties, specifically interested in condos in a resort.  

Is there anyone that has experience in this area or in resort style condo rentals that would be willing to share the good and bad of this style short term rental?

How does the cleaning process work?  Do you pay the resort?  Do you bring in an outside company?  How much should I expect to pay when running my numbers?

Thank you so much for any help you can give!  I have learned so much from this community...love it!

Dean