Hilton Head Rental Feedback

[Erik R.]

Hello BPers,

I’m looking at a few properties in Hilton Head as potential vacation rental investments, and would appreciate any local investors or folks that can give feedback on my financial assumptions.

Please reach out if you can help!

Thanks

Erik

[Ron Williams]

Erik:

I am a real estate broker here in Hilton Head.  I also have a real estate company in Wisconsin.  Vacation rental income is a tricky thing.  The return here in Hilton Head is not as high as I could get you in Wisconsin on a traditional real estate investment.  On the other hand you are buying a life style and an opportunity to own property in a great vacation spot that more than pays for itself.  Most investors are hitting somewhere between 6-10 percent annually without counting appreciation.  Hilton Head is still a hot spot for vacationers and our season seems to be getting longer each year.  It is a great market to flip in, but you need to have good local help for that to be successful.  Let me know if you would like to chat more.  We have a property management company, so we can run scenarios and numbers for you too. Our main clientele would be investors.