How to Be Successful at Owning a Rental Property in the Lowcountry

rental propertyAre you interested in making some additional income? The real estate market is hot right now, and it’s a great time to own a rental property on Kiawah or Seabrook Island. Located away from the hustle and bustle of downtown Charleston, these private, gated communities provide everything that families and couples look for in a vacation: gorgeous accommodations, luxurious amenities, easy access to the beach, and plenty of options for dining, shopping, excursions, and more. If you would like to be successful at owning a rental property in the Lowcountry, you should keep these two destinations at the top of your list.

You may already know that owning a rental property is an excellent investment. You may, however, be wondering how to become a rental property owner. With over 35 years of Charleston real estate experience, Pam Harrington Exclusives can help guide you through the entire process with ease. Give us a call at (843) 768-3635 to learn about the ways that we can assist you. We look forward to chatting with you soon!

3 Things to Consider When Owning a Vacation Rental Property

1. Choose the Perfect Destination

People looking to book a vacation often have three things in mind: weather, location, and nearby attractions. South Carolina’s Lowcountry is particularly appealing because of the region’s mild year-round climate and wealth of activities. Guests staying on Kiawah and Seabrook Islands may enjoy boating, fishing, crabbing, kayaking, paddleboarding, and so much more. Kiawah Island offers 10 miles of private beaches and 30 miles of walkable, bikeable trails. With 2,200 acres of beaches, maritime forests, and marshes, Seabrook Island offers the quiet escape that many visitors look for in a vacation.

These barrier islands are also convenient to several casual and fine dining restaurants, award-winning spas, and boutique shops. The best part? Downtown Charleston is just a short drive away from it all. Guests can enjoy the peace and privacy of a gated community while being minutes from all the main attractions. Between the great location and endless activities, owning a rental property here will surely attract a great following.

2. Access to Amenities

Owning a rental property means you’ll need to budget for property taxes, insurance, and HOA fees. You can offset these expenses by making sure it’s rented during high season and peak weeks during the year. To ensure a steady rental following, you should also update your property with a variety of vacation rental amenities. Modern finishes, new appliances, entertainment options, and plenty of outdoor space will make your rental property more appealing to the discerning vacationer.

3. Partner With an Experienced Agent

When it comes to owning a rental property, you’ll want to partner with a team of experienced professionals. If you already own property on Kiawah or Seabrook Islands and are considering a rental program during peak months, let Pam Harrington Exclusives or Seabrook Exclusives assist you with the details. Known for our top-notch property management services as well as our real estate expertise, our agents will seamlessly guide you through the process of renting your home. Let us handle the day-to-day affairs so you can focus your time and energy on other things.

Are you interested in renting your home for a special occasion, holiday, or a local sporting event? We can assist you with this as well. For example, the 2021 PGA Championship will be played on the esteemed Ocean Course on Kiawah Island. 2012’s PGA Championship brought an influx of new guests to the island and we expect to see even more during Kiawah Island’s next major event. While 2021 is still a few years away, it’s worth noting that thousands of golf fans and enthusiasts will be searching for vacation rentals on Kiawah and Seabrook Islands to experience the tournament, see the players, and more. We even had the pleasure of housing some of the 2012 tournament players in our rental properties!

Find the Perfect Rental Property With Pam Harrington Exclusives

Whether you are looking to purchase a rental property on Kiawah Island, Seabrook Island, or even the historic peninsula of Charleston, the skilled agents at Pam Harrington Exclusives will help you find the perfect home. Our attention to detail and personalized service make investing in a property an easy experience. Before you begin the process, we recommend reading our blog about buying a vacation home and visiting our real estate page to see what’s currently available for purchase. And don’t forget to sign up for real estate alerts to be notified about new listings! We look forward to hearing from you soon.