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One of the best parts of Charleston property management is finding the perfect house to invest in. You might wonder what are the trendiest style of houses that people are looking to rent in Charleston? Some of the most popular styles of architecture found around Charleston include:

• Georgian
• Federal
• Greek Revival
• Italianate
• Queen Anne
• Charleston Single House
• Art Deco

One thing all these houses have in common is they are multi-story homes. They also have lots of personality and charm. Newer homes built after the 1950’s, are commonly more modern with attached garages. There are also beautiful ranch houses around Charleston.

Features of A Desirable Rental Property

The style and architecture of a home are less important than the features that renters are most looking for from a Charleston property management company. Some of the requests renters most often have include:

• Off street parking
• Porches
• Yards
• Central air
• 2+ bedrooms
• 2+ bathrooms
• Dining room
• Kitchen with all appliances
• Washer and dryer hookups or included
• Large master bedroom
• Walk in closets
• Overhead lighting and ceiling fans

The more features you can include with your rental home, the more desirable the property will be. When you start adding in luxury amenities such as whirlpool bathtubs, hot tubs or swimming pools, beach access, and other such features, the rental rate can be higher than less desirable properties in the same area. You will have a competitive edge over the other Charleston property management companies and see your single-family homes always occupied.

Services Offered by The Best Charleston Property Managers

Not only do property features drive the rental value, so do the services you offer as a property manager from lawn and garden maintenance to online rental portals and request forms, the more you can offer your tenant from a customer service standpoint, the more likely they will be to renew their lease, not complain about rent increases, and stay satisfied.

If you are looking for a Charleston property management company that can do it all, call Scott Properties at 843-790-4929.

One of the struggles of Charleston property management is determining how much a property owner should charge for rent on a single-family home. You don’t want to charge too much because it will be hard to rent out. On the other hand, charging too little means you’ll make fewer profits. Luckily, there are some standard ways that Charleston property management companies use to set rent on a single-family home.

1. Home’s Value- The great thing about investing is that you can purchase a home for much less than it’s worth. Rent should be based on what your property is valued, not what you paid for it. Most property managers charge between .8% and 1.1% of what the home is appraised for. If the home value is $250, 000 you can charge anywhere from $2,000 per month to $2,750 per month. Rule of thumb is to charge less on the more expensive homes and closer to the one percent mark on the more inexpensive homes.
2. Market Value- Charleston property management companies do research on what other comparable properties are renting for in the same neighborhood. You should keep your rent price within a few hundred dollars of the average.
3. Mortgage- Though it may seem like a no brainer, Charleston property management companies must ensure that the rent will cover the costs of the mortgage, property insurance, property taxes, and costs of maintenance on the home.

An experienced Charleston property management team understands the market rent in the various neighborhoods around Charleston and can help you decide the best price point for your single-family rental home. Teaming up with a professional property manager takes a lot of the burden of research and evaluation off your shoulders and into the hands of someone that knows the market better than anyone.

If you’re ready to work with a qualified Charleston property management team, call Scott Properties at 843-790-4929.