Wednesday, October 22, 2014
Making Money out of New High-rise Condos for Sale in Myrtle Beach, SC
Investing in condos for sale in Myrtle Beach for rental does require some finesse to avoid digging money pits in the process. Anspach says you and your agent will have to figure out the estimated rental fees for the unit, plus your own expenses for it, such as the marketing, insurance, property taxes, and maintenance work like remodeling. The latter holds true even if you obligate potential renters to take care of the place like their own house; in that respect, you should also be prepared to pay for eviction proceedings if the tenants are out of line.