Costs associated with overseeing rental properties in the Myrtle Beach area typically encompass a percentage of collected rent, along with potential charges for advertising, tenant placement, maintenance coordination, and lease renewals. For instance, a management company might charge 8-12% of monthly rent plus a one-time fee equal to 50-100% of the first month’s rent for placing a new tenant.
Engaging professional oversight offers numerous advantages, including streamlined rent collection, reduced vacancy periods, efficient handling of maintenance requests, and expert knowledge of local landlord-tenant laws. Historically, as the Myrtle Beach area transformed into a popular vacation and investment destination, the demand for these services grew, leading to a diverse market of management companies offering varied fee structures and specialized services.