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.
Short-Term & Vacation Rental Discussions
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 almost 2 years ago,

User Stats

269
Posts
176
Votes
Myrtle Mike Thompson
Agent
Pro Member
  • Realtor
  • Myrtle Beach, SC
176
Votes |
269
Posts

Press release from the South Carolina Realtors association regarding STR impacts

Myrtle Mike Thompson
Agent
Pro Member
  • Realtor
  • Myrtle Beach, SC
Posted

This week, SCR released a short-term rental economic impact study in a press conference at the State House.
The press conference highlighted the impact of the short-term rental market on the state's economy.
SCR President Rob Woodul and President-Elect Reah Smith were joined by Representatives Lee Hewitt (R-Georgetown) , Todd Rutherford (D-Richland), and Dr. Joey Von Nessen (USC’s Darla Moore School of Business) to present the findings of the study.
The study found that the demand for short-term rentals in South Carolina has expanded at an annual rate of over 17% since 2018.
This level of economic activity corresponds to 50,231 jobs and more than $1.4 billion in labor income for South Carolinians.
The current annual economic impact of the short-term rental market on the state of South Carolina is estimated to total approximately $4.2 billion annually.
Legislation has been filed in the House to protect this thriving economy created by short-term rentals in South Carolina. Measures to protect short-term rentals will benefit not only property owners and renters, but also the communities where short-term rentals are located.

  • Myrtle Mike Thompson

Loading replies...