Living and working as a Realtor in the Myrtle Beach / Grand Strand areas has provided me with extensive knowledge & experience in dealing with all types of Investment Properties in a Vacation Destination. As you can probably guess, most of these properties are Condo’s (Condominiums) which tend to be strong Investments based on their individual Rental Income.
Investment Properties by nature are designed to induce an Income Flow by renting out to the General Public. Being that a majority of our properties are “Beach Focused” odds are that your focus will be with either Oceanfront Condos or at least Oceanfront Buildings. Now with that being said, these types of Properties WILL be heavily Rented during the Summer Seasons and even a good bit during the Fall Seasons as well. Planning is crucial when you absolutely need to see the Unit (Condo) of interest.
Typically, Condos throughout the Myrtle Beach / Grand Strand Areas are Booked on either a Daily or Weekly basis. Beginning in March, Rental Season kicks off due to Spring Breaker and Golfers coming into our Area to enjoy the Mild weather before Summer hits. After that, Rental Activity slowly begins to increase throughout the Month of May. A spike usually begins around Mid-June as most Schools are now fully dismissed for Summer Vacation and Families have Booked their Vacation Plans months, if not possibly a year in advance.
The Myrtle Beach / Grand Strand Areas comes into it’s “Hard-Core” Rental Season starting July 4th. This is when the entire Grand Strand stretching from as far North as Cherry Grove Beach in North Myrtle Beach and traveling South, down the 60+ Miles of gorgeous Beaches along the Atlantic Coastline to the South End where you find Surfside Beach, Garden City and Murrells Inlet are flooded with Vacationers enjoying all the sights, Attractions and activities The Grand Strand has to offer.
Mid-June and well though September are considered Heavy Vacation Season throughout the Myrtle Beach / Grand Strand Areas. During this time period, condos will be fully rented on a regular and revolving basis making the ability to show these Investment properties close to impossible. South Carolina State Law states that no Properties can be shown by Realtors while Renters are in place. Any Agent that is caught trying to sneak Clients into to see these Properties while Tenants are using them can be fined as well as lose their Real Estate License.
If you are in the Market to Buy any Investment Property and are planning to come visit the Area to research & possibly view these types of Properties, Please give serious consideration to pairing yourself with a local, Honest and Experienced Real Estate Agent who will know the Ends and Outs of Rental Properties throughout our Area and knows the best times to schedule Viewings of these properties. Taking the time to match yourself with a good Realtor can make all the difference in the World. It will save you both Time, Money and Aggravation as well as open the opportunity for you to actually enjoy your planned stay here at the Beach instead of driving all over the place figuring out which properties might best fit your needs.
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