Many of you reading this article have vacationed on Hilton Head Island many times before. During some of those trips you may have looked through real estate magazines and wondered about the possibility of owning property on the Island one day. The opportunities for home ownership on the Island have never been greater.
Benefits Of Owning
One trip to the Island and it is not hard to imagine why someone would want to live here.
Our 12 miles of sandy beaches, moderate climate, abundant wildlife and in-keeping-with-nature architecture truly make Hilton Head Island a special place. If retiring to the Island is still a distant dream, purchasing a second home now affords you the luxury of always having a personal retreat to create family memories.
If your schedule only allows you a few getaways a year, then you may want to enlist the help of a rental management company. They will rent your home or villa during your absence.
Property Management
Renting your property short-term will help offset Homeowner Association fees, taxes, mortgage payments and other monthly costs.
Choosing a qualified property management company is the key to protecting your investment and ensuring your peace of mind.
Some property managers’ services include:
- market your property for maximum rentals
- secure payments
- greet guests
- coordinate cleanings and repairs
- inspect the property for damages or missing items
- resolve complaints
- provide monthly statements
- offer advice on how a renovation or cosmetic update could increase your rental income
Fees charged by property management companies range from 15% to 35% of the gross rental income, plus cleaning and repair charges.
In choosing between companies, you may first want to visit their website. With so many people using the internet to search for rental properties, if you are not impressed, chances are people looking to book your property won’t be either. Next, contact a number of companies to compare rental projections, fees and marketing programs. Once you decide on a property management company, use their experience dealing with customer requests and preferences to help get your property “rental ready.”
The Time Is Now
You can always find a reason to put off making a decision. But, if you have fallen in love with the Island and want to create more lasting memories here, don’t hesitate.
By Carey North, Palmetto Sands Realty. Contact Carey North at Palmetto Realty to help you find the second home which best matches your needs. 843-384-6402 or www.careynorth.com.
