All Forum Posts by: Matthew M.
Matthew M. has started 12 posts and replied 44 times.
Post: Vacation Rentals!? Property Management Guidance
- Posts 47
- Votes 9
Originally posted by @Katie Hole:
@Matt Man we live in Myrtle Beach. From what a realtor told me the other day, inside city limits, depending on the home, you can not do short term rentals. I would definitely make sure of all the codes and laws before purchasing close to the beach. If you go more north or south the rules are different.
To clarify my original question, It will be more towards the surfside area which is just south of myrtle beach.
Post: Vacation Rentals!? Property Management Guidance
- Posts 47
- Votes 9
To clarify my original question, It will be more towards the surfside area which is just south of myrtle beach.
Post: Vacation Rentals!? Property Management Guidance
- Posts 47
- Votes 9
Thank you for replying John. Im not a huge fan of condos due to the lack of appreciation. I am hearing great things about the market in Myrtle beach and surrounding areas. Is there another strategy in this area that immediately comes to mind that with your experience may fair well with current market conditions in the area. Generally speaking that is. Thanks!
Post: Vacation Rentals!? Property Management Guidance
- Posts 47
- Votes 9
I am personally just starting off on my real estate journey. Newbie if you will. Ive been doing loads of research and I just find the real estate investing world to be fascinating. Im looking to make my first investment soon and am currently trying to evaluate different markets.
My original plan is a BRRR strategy or a flip, but something else iv'e come across may prove to very interesting.
My question is does anybody reading have any experience with vacation rentals in Myrtle Beach, SC?
From what I hear there is an extremely high probability of positive cashflow with a low entry point. Im looking into beachfront/close to beach condos/townhouses/3 bed+. Property management company handling the workload of tenants and upkeep. 30% property management fee.
Does anybody have experience in this area the can lend some insight into past pitfalls, pros/cons and maybe what to expect with a weekly rental managed by a property management company taking 30%.
Also if you are familiar with the Myrtle Beach market, or just vacation rentals similar to this situation, any insight would be greatly appreciated!
Thanks bigger pockets!