Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago,

User Stats

2
Posts
1
Votes
Neil Sample
  • New to Real Estate
  • Duluth, MN
1
Votes |
2
Posts

Lots of Questions - Please Help

Neil Sample
  • New to Real Estate
  • Duluth, MN
Posted

Hello Everyone,

I am new to the forum, and apologize if this is too many questions. That being said, I am from Minnesota and I am looking to get into the STR market.

In particular I am considering condo units in the North Myrtle Beach area (understand this is SE NC forum, but closest I could find). 

I am curious if people can weigh in on the following- 

1) does anyone know what the current market dictates for management company rates in this area? For many of the condos I asked for financials they provided gross income and not what the management expenses are. 

2) does anyone have any recommendations for good lenders in the area? 

3) for condos that are in a condo tel, that has an on site manager, it appears the HOA includes Legal and Accounting are covered. I am curious if that would indicate you already are paying for the management in the HOA? Is that the case? Are you required to use the HOA's internal management? Can I still rent the property on my own terms as well? Can I set the rate? Or are we beholden to the rates set by the building?


4) does anyone have a good realtor in the area who you could recommend? 

Loading replies...