Might be moving to South Carolina

[Jim Miller]

We are thinking of moving to South Carolina (east coast side) and we are looking for information on the rental market. We live in PA now, rentals and the laws are fairly favorable to the landlord. Does anyone have any insight they can share.

[William Donaldson]

I know this is an old thread, but maybe the new responses can be of value to other people in the same situation as @Jim Miller

As Mike mentioned above, one downside to buy and hold in SC is the huge bump in property taxes for non owner-occupied properties you'll find in most counties. For example, the property taxes on a property I own in Pickens County come out to about $1,400 for NOO and ~$350 for OO for a property assessed at about $100,000. I know some other people on the site may laugh at our "high" property taxes.

That being said, it's still relatively easy to find cash-flowing rentals in the state. Property prices are generally much lower in our state compared to other states.