Do you wonder just how your south carolina rental property seemed to be full all summer long but you only ended up with less than half the rental rate you agreed to have your hilton head management company rent your property for? Because the value of your vacation property is only worth two thirds of what it was just twenty four months ago you may need, not want but NEED to consider a new strategy. Here are some of the ways your hilton head management company can be stripping you of cash.

Some of the ways are intentional. Take a look at your management contract, you will find that right from the start you may have allowed yourself to have your hilton head property management company lease your vacation rentals to generate more proceeds for them than you. Here are a couple things to look out for.

Any percentage over thirty percent is completely ridiculous.
Do not engage into any agreement where you will pay any up-front marketing fee. If your management company is not confident enough to risk their advertising investments what the heck would you let them take your money and invest it. If a management company is a good one they will know how to get advertising results that benefit both of you. Take a look at if the management company is charging things like booking fees….do you really think you are getting the top rate your property should yield if renters are agreeing to pay fees on top of the normal rental rate. When local sales tax is collected on winter rentals what happened to the money collected. You were aware that no sales tax is due for rentals longer than 90 days.

How about those pet fees?
Did you agree to put your property out there as “Pet Friendly.” Only to find out later that the “Mid Island Management” company didn’t tell you that they just keep that income for what they say is to “Put in a pool just in case they need to do cleaning later.” Another Mid Island management company requires you to give them 2 free week where you will not receive any income for their use to “Help Promote Group Placements.” Come On.

Did you agree to short term rentals to increase your proceeds?
You may not have done the math but it may be very likely that it was more expensive to rent out your property than just leave it vacant. The management company made out because the collected their percentage, their booking fee and insurance income. After calculating in the cleaning fee, the extra utilities not to mention the extra wear and tear where do you end up?

There are just a few ways most south carolina vacation rental agencies operate there business.point is that you better take a good look at your Hilton Head Island investment.

Make sure Are you really getting south carolina property management services from the companies you deserve.

The management of a Hilton Head Vacation Rental property or any second home on Hilton Head Island is very labor intensive to say the least! Especially when dealing with the constant exposure of the South Carolina heat, humidity, salt water vapor in the air, pest control, pool maintenance, and the wear & tear of high use through the high seasons. On the flip side, second homes not rented out to offset carry costs can suffer just as much from lack of use.
 
It is important to have the right trusted team in place to handle all of those details worry-free.