STR / Air BnB in North Myrtle Beach, SC: Any helpful tips?

[Arya Biswas]

Hi BP,

I am new to BP and have been researching STRs for a while now. I live in RI and wish to pick up STRs down south : SC, NC, VA (in that order). I already own a rental unit at a condo and have a long term renter and have been renting for over 10 years now. However, would still consider myself a newbie. I am planning on buying a vacation property that would also lend itself to a STR.

My question is:

1. Is North Myrtle Beach, SC a good area for STRs?

2. I plan on getting a Condo rather than a house- would it be better the other way around?  I know the condo fees etc- however, feel that a condo gets managed quite a bit more than a house would in this case- seeing how I would not be easily accessible and would have to hire a property manager in either case.

3.Any suggestions on places/Areas that are close to the beach that are good for STRs?

Thanks in advance,

Any helpful hints/ suggestions welcome and much appreciated.

[John Underwood]

From what I have seen in this area, house get top dollar. I have rented a condo very cheap, cheaper than hotel prices. This is because there are so many of them to pick from so it drives the price down.

Do a search on Vrbo and Airbnb for beach front houses at different times of the year then do it for condos and see if this isn't still the case.