Property Management In Myrtle Beach, SC
Hi,
My husband and I recently purchased a 1 bedroom oceanfront condo in Myrtle Beach. We are looking for a good property management company to handle the rental. The on-site management company wants a 46% commission on all rentals. Any suggestions? Has anyone ever used the VRBO website to rent their units?
Thanks!
I have a condo in N Myrtle, Elliot Reality charges around 20%. Not sure if they go to Myrtle or not...
I also bought an oceanfront condo in MB, but I was under the impression that you had to stay with the onsite company that manages the hotel??
Its a preconstruction at the Atlantic Palms, still under construction. When it is ready can I go on my own and use another manager?
wow let me know what u find out i went in to one of my properties a few weeks ago and saw holes in the basement room walls when i asked what happened i was told the tenants daughter and friend got in to a fight because she didnt like him anymore and he started punching holes in the walls i told them they had to fix it put it this way as of now it still is not fixed man oh man the biz we are in is like a roller coaster
Quote:man oh man the biz we are in is like a roller coaster
When do we get to "trade our houses for hotels" and retire in the sun?
MC
[addsig]
No question, get them out of there, renovate their units and go for the higher rent to tenants that deserve to live in a nice place.
[addsig]
Do they have a lease? If not, how often do they pay their rent?
Go ahead and get them out. You can say something like you need to rehab the place and you can not do that with people in it. You want to be an extra special nice guy so you are giving them 30 days notice and you will give them $200 to help them move out, once they are moved out.
Just an FYI - I have have 18 single family homes as rentals and then I bought a quadplex in a so-so area of town. I get more calls from the quadplex than all my SFHs put together. They tell on each other, they fight about parking and the garbage, etc. Lots of people in SFH do not like their neighbors, but when you are the landlord of the neighbor, they feel like they can call you to tell you about it. You will have to be firm from the beginning or they might get the better of you. Have you any experience as a property manager/landlord?
Hey why dont you make the current owner evict them as a condition of closing.
It already closed yesterday..he wouldnt have gone for it anyway...the seller was very uncooperative.
We have decided that we are going to wait on evicting and just increase the rent and where it goes from there.
Do they have a lease? If so ... then the lease stays with the property and you can not force them to change any of the conditions of the lease.
You might want to clarify your post. You say you "own two homes" and then go on to talk about purchasing a home as a short sale. ?????????????
It sounds like the two homes you own are irrelevant to the post so you might want to give more details on the home you are trying to purchase.
Also, you say the lender has agreed to a short sale. How do you know this? Are you in communications with the seller? Is it on the market?
I have only conducted one short sale and it was like any other purchase. The seller was in arrears, the bank had previously agreed to a short sale, I made an offer, it took a long time for the bank to review it and agree and then we proceeded like any other purchase.
Not sure if this helps.
It seems unlikely that a lender would be willing to do a short sale to you on your own home. I have certainly never heard of such a thing. I expect that you will need to find a third party to take title. Then perhaps you could purchase it from them. I would, however, use a different lender...
Be aware that when a lender accepts a short sale, you can still be liable for the difference. This could prove a particular problem if you have the assets to purchase another home. Generally the bank has to be convinced that there is no way that you could keep up the payments before they are willing to allow a short sale.
I would post this question in the short sale forum to get a better response. I am learning about the buying end of short sales, I have never been on the selling side.
Chris
Motion-sensor floodlights in every outdoor fixture.
Go with the $25 motion sensing lights. They add a lot to the feeling of security. Work something out with the renters for the "extra" electric bill if you need to, it s worth it.
I know it deters crime at my own house and rental homes. Im a man, and I even feel good when the lights come on when i leave at night.
If your neighborhood is bad...not much you can do about that...except lower rent. The bars and stuff will just get you suied after some one dies in a fire. I dont know who ever came up with that idea....you will NEVER see that crap in the suburbs or high end neighborhood...
thanks! with the motion sensing lights, is it just a bulb you can put in, or do you need to get an electrician to install a special motion-sensing fixture that takes flood light bulbs?
-chef
Quote:
On 2006-11-29 16:05, rglover548 wrote:
Go with the $25 motion sensing lights. They add a lot to the feeling of security. Work something out with the renters for the "extra" electric bill if you need to, it s worth it.
I know it deters crime at my own house and rental homes. Im a man, and I even feel good when the lights come on when i leave at night.
If your neighborhood is bad...not much you can do about that...except lower rent. The bars and stuff will just get you suied after some one dies in a fire. I dont know who ever came up with that idea....you will NEVER see that crap in the suburbs or high end neighborhood...
The motion sensor, has a base, and wires which are meant to be connected to outside wiring. The simpliest way is to change an existing outdoor light with the motion detector base. You will need to turn off the breaker, unscrew the existing frame, expose the three wires (white/black/copper), and connect the motion detector wires and base. The detectors work with most light bulbs.
If you have never changed a ceiling fan, I would recommend buying the motion detector and paying a handyman $40.
If you do not have an outside fixture or you have more than 3 wires...I would recommend calling an electrican. Good luck.
Installation is easy just like rglover548 explained. You can buy a motion sensor at any home improvement store (ie Lowes, Home Depot) for under $30. I would suggest getting flood light bulbs, they will give you the best penetrating light coverage at night. [ Edited by d_random on Date 11/29/2006 ]