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Month: <span>May 2021</span>
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Property Management Services in Charleston | What Upgrades to Single Family Homes are Worth It?

Author: Scott Wallace
Categories: Property Management Services in Charleston
Property Management Services in Charleston

Property investing can be a tricky business and it is all about balancing the numbers and making good choices on which properties are best to buy, and how to upgrade those properties to make the most of them. Property management services in Charleston have a lot of expertise when it comes to knowing what renters are looking for in single-family housing. We talk to tenants every single day who are asking for upgrades at renewal time and new prospects who expect only the best when living in Charleston. However, not every upgrade is worth it, and we will tell you what trends you can skip, as well as which are worth it.

Upgrades Worth Doing on Single-Family Rentals

There are many upgrades that will have tenants choosing to renew their leases without a second thought, and new tenants will appreciate. Some of these upgrades will even make it possible for you to charge more rent and make the property more competitive.

  • Upgrading the bathroom
  • Upgrading the Kitchen Appliances
  • Brand new carpet installation
  • Fresh paint
  • New cabinets and fixtures
  • A deck or patio
  • Hardwood floors to replace linoleum or vinyl.
  • Roof replacement
  • Siding Replacement

Property management services in Charleston see many tenants falling in love with properties that are newly renovated. Brand new roofs are also a great selling point that help renters feel safe and secure in the home.

Upgrades You Can Skip on Single-Family Rentals

Some upgrades are very costly and might not be worth it in the end. These are the upgrades you can skip, especially if budgeting is a concern.

  • Professional landscaping, especially if you are renting to families with kids or who may not be able to help with the upkeep.
  • Smart Home features may seem cool, but they do not add much value to the rental price. There are many wireless electronics that can turn your home into a smart home that tenants can use without the hassle and take to their future homes as well. Let them handle the technology.

Property management services in Charleston can work with investors to help create upgrade plans that add value to the home and be a reason to increase the rent at lease renewal time or for new tenants.

If you are looking for professional property managers to help you make the most of your rental property investments, call Scott Properties at 843-790-4929.

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Charleston Property Management | When will the Federal Eviction Moratorium End

Author: Scott Wallace
Categories: charleston property management
Charleston Property Management

Now, more than ever before is when rental property investors need Charleston property management the most. For the last year, landlords, property managers, and investors have been struggling to collect rent from tenants. Some tenants have been affected by COVID and not able to pay rent. With the federal moratorium on evictions in place, investors have had a tough time enforcing rental payments and due dates or being able to evict tenants who are refusing to pay rent.

The current situation has put a lot of strain on investors, and it looks like the moratorium on evictions will be in place until at least June 30th, 2021; however, Charleston property management services are available to alleviate the stress and make your life easier. When you work with professional property management companies, you get a landlord, maintenance professional, and legal expert all in one, because all those people work right there as staff of the companies.

Do I Need a Property Manager?

You might be thinking to yourself, “Why would I hire a property manager when I am not making any rent?” Well, the answer to this is that you must look at partnering with Charleston property management as not just another invoice to pay every month. Property management is an investment into your portfolio and business. Your property manager can represent you in court, file for collections on tenants, arrange cleanouts after evictions, handle property maintenance, and those daily calls for delinquent rent payments that no investor wants to spend their day making.

Charleston Property Management

Property managers can also keep an expert paper trail so that when the federal moratorium on evictions does end, and your renters are still not paying and did not receive assistance, you can go to court and have your bases covered and your business protected. A property manager can also help you find new renters that have a steady income and are qualified tenants to move in after an eviction. They can also manage to get the home ready to rent which will save investors a lot of time and money.

If you are looking for professional property managers to help you make the most of your rental property investments, call Scott Properties at 843-790-4929.

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Charleston Property Management Companies | Best Place In South Carolina to Buy Rental Property

Author: Scott Wallace
Categories: Charleston Property Management Companies
Charleston Property Management Companies

If you have checked out the real estate market in South Carolina, you will see that homes are not on the market for long before a family or young entrepreneur has made an offer and is asking for the keys to move in. Investors are clamoring to scoop up single-family homes since the population, especially in the coastal cities, has seen steady growth with no signs of slowing down. Charleston property management companies are fielding phone calls left and right asking questions about the schools, neighborhoods, and amenities ahead of new families moving into town. And while other cities may be experiencing something similar, Charleston has shown itself to be the best place in South Carolina to buy a rental property.

Why Charleston Reigns Supreme for the Rental Market

Charleston has some of the most diverse home options in the state with luxury coastal, beach-front homes, as well as downtown apartments, and single-family suburban homes. The average home value in Charleston is nearly $330,000 which means market rental rates will be high and could turn large profits for investors especially when combined with Charleston property management companies’ services. In fact, rental rates in Charleston have risen by three percent over the last year as incomes and the GDP in Charleston, South Carolina, have increased.

Charleston also has a steadily growing population with more people looking to get away from the big cities and settle down into relaxed, Southern suburban lifestyles. Charleston still embodies the antebellum South and is ranked the number one friendliest city in the United States. Charleston property management companies also get to boast about the premier school system, booming economy, and is home to The Citadel—one of the top military academies in the nation, and The College of Charleston which was voted Most Beautiful College Campus by a renowned travel magazine.

All these factors have led to a population boom as well as college graduates choosing to state and continue renting even after graduation. Many of these recent graduates will be looking to upgrade their lifestyles for more professional living arrangements which is why investors should be purchasing single-family homes to rent now before property prices increase even more.

If you are looking for professional property managers to help you make the most of your rental property investments, call Scott Properties at 843-790-4929.