Special offer
•1. What are the monthly HOA dues?
In the Myrtle Beach area, monthly HOA/POA fees (Homeowners Association Fees) for Oceanfront Condos vary greatly: from the low $ 100's per month to thousands of dollars per month.
•2. Do the monthly HOA fees cover the building insurance?
Sometimes they do, sometimes they don't. This can add thousands of dollars to your yearly bill.
•3. What is the best property management firm to use for this particular condo?
"On site" property management firms can charge up to 50% of your yearly gross rent, which can really eat into your profits. Off site management firms charge significantly less - 15%-30%. Doing your homework in this particular area will make a huge difference to your bottom line.
•4. Ask your Realtor how many oceanfront condos they've sold lately. You need a Realtor who specializes in Oceanfront Condos. It's also best to have your very own Buyers' Agent, to ensure proper representation. Buying from the agent who is already representing the Seller can cost you thousands more.
Comments(1)