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Property Management Companies in Charleston SC | 2022 Property Management Trends

Author: MediaBeast
Categories: charleston property management,Charleston Property Management Companies
Property Management Companies in Charleston SC

The last few years have been nothing short of a roller coaster for property management companies in Charleston SC and everywhere else around the world. Many companies had to quickly transfer most of the operations to digital formats, including showing rental homes, meeting with investors and vendors, and leasing properties during the COVID-19 Pandemic. However, in 2022 property managers and property owners are now in a place where they know everywhere they need to invest to move forward successfully in their businesses. 

The top trends for property management companies in Charleston SC are the following in 2022:

  • Investing in Legal Services:

    The covid-19 pandemic has opened up investors’ and property managers’ eyes to the need to prioritize legal services. When eviction moratoriums are put into place, rental property owners and managers need to know what recourse they have to protect their investment. Having a legal advisor on staff is a trend every property management company should invest in.

  • Digital Property Management Tools:

    Most professional property management companies in Charleston SC have been using digital tools in their business for some time. The last few years have shown a need for more detailed reporting and communication which has made owner portals more popular than ever. Resident portals are also a super convenient way for tenants to make maintenance requests, pay rent online, make referrals, or send messages to management. Property management companies are also upgrading their websites to include virtual tours and online application processes.

  • Digital Marketing:

    Almost everyone has a smartphone and digital access to so much has created an expectation that that access will always be there. Most property management companies in Charleston SC have found success in keeping properties full by investing in digital marketing strategists. 

These property trends are important to keep informed on when working in property management. If you own rental properties, partnering with a property management company that understands the business trends that will make you successful is vital to getting the best return on your investments. 

If you are ready to partner with a property management company in Charleston, call Scott Properties at 843-790-4929.

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Property Management Services in Charleston | What Upgrades to Single Family Homes are Worth It?

Author: Scott Wallace
Categories: Property Management Services in Charleston
Property Management Services in Charleston

Property investing can be a tricky business and it is all about balancing the numbers and making good choices on which properties are best to buy, and how to upgrade those properties to make the most of them. Property management services in Charleston have a lot of expertise when it comes to knowing what renters are looking for in single-family housing. We talk to tenants every single day who are asking for upgrades at renewal time and new prospects who expect only the best when living in Charleston. However, not every upgrade is worth it, and we will tell you what trends you can skip, as well as which are worth it.

Upgrades Worth Doing on Single-Family Rentals

There are many upgrades that will have tenants choosing to renew their leases without a second thought, and new tenants will appreciate. Some of these upgrades will even make it possible for you to charge more rent and make the property more competitive.

  • Upgrading the bathroom
  • Upgrading the Kitchen Appliances
  • Brand new carpet installation
  • Fresh paint
  • New cabinets and fixtures
  • A deck or patio
  • Hardwood floors to replace linoleum or vinyl.
  • Roof replacement
  • Siding Replacement

Property management services in Charleston see many tenants falling in love with properties that are newly renovated. Brand new roofs are also a great selling point that help renters feel safe and secure in the home.

Upgrades You Can Skip on Single-Family Rentals

Some upgrades are very costly and might not be worth it in the end. These are the upgrades you can skip, especially if budgeting is a concern.

  • Professional landscaping, especially if you are renting to families with kids or who may not be able to help with the upkeep.
  • Smart Home features may seem cool, but they do not add much value to the rental price. There are many wireless electronics that can turn your home into a smart home that tenants can use without the hassle and take to their future homes as well. Let them handle the technology.

Property management services in Charleston can work with investors to help create upgrade plans that add value to the home and be a reason to increase the rent at lease renewal time or for new tenants.

If you are looking for professional property managers to help you make the most of your rental property investments, call Scott Properties at 843-790-4929.

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