Myrtle Beach Hotels,  up and down the Grand Strand, are now largely oceanfront property management firms.  These properties can provide offsetting rental income and offer a good long term investment for wise purchasers in this soft market.  With ammenities that can include lazy rivers, indoor pools, Oceanfront decks,  it is often hard not to make an emotional purchase when considering an investment.

While these ammenities do make for a beautiful environment,  hidden factors about the nature of the rental can often make a huge difference for savvy investors.

Listed below are five important factors to consider when making a rental investment at any of the many Myrtle Beach Hotels that run from North Myrtle Beach to Pawleys Island, S.C.

These factors are listed in the order of importance with one being the most important factor.

1. Find out how many property management firms rent in this particular Myrtle Beach Hotel.  Once you have purchased,  you want to shoot for competition in renting your condo. Myrtle Beach Condos that are purchased with only one property management rental firm in the building are, in effect, marrying that rental manager.  Once this type of purchase is made,  you are locked in,  at best, with hopefully a benevolent dictator.  (or perhaps worse).  As far as Myrtle Beach investments are concerned,  the more rental managers working in that hotel,  the better.
2. CHECK OUT THE REPUTATION OF YOUR PROPERTY MANAGER ONLINE.  Believe it or not,  this is a simple process.  Visit nationally known travel sites,  like Trip Advisor,  and type in that particular hotel's name.  Example:  Myrtle Beach Barefoot Resort.  Trip Advisor will give you a local score and lets you read customer reviews.  Do not buy a rental property where the hotel name has more than 15% of its reviews as negative.  A link example of TripAdvisor.com is here  Try to purchase a rental where the property has a score of at least 3 or higher.  A bad name will not result in good future rental income.
3. ASK TO MEET THE HOUSEKEEPING EXECUTIVE AND TALK TO THE MAINTAINENCE TEAM:  Your ongoing condition of your investment is critical.  Find out about their competence and character.  If the rental property manager refuses to allow you to interview this staff,  beware.
4. GET REFERENCES FROM OTHER HOME OWNERS.  We recommend at least three who have been with the firm for 2 years or more.  The rental manager should provide these.
5. GO ONLINE AND CHECK OUT THE RENTAL FIRM'S ONLINE BOOKING ENGINE:  Online booking engines are up to 30% of all rentals in today's market.   A poor online engine that does not show good pictures of your individual unit can leave you with less income.

Follow these tips and you are sure to make a sound investment.  For more information click here to speak with one of our advertising agents concerning a Myrtle Beach Condo or Rental Home investment.