All Forum Posts by: John Smeltzer

I had two people recommend Mia Madison and I'm the process of engaging them to handle my new investment property in Savannah.

@Gillian Mealer

Thanks for your response.  I never considered long term rentals.  Is there a particular part of Hilton Head where you would have to do it?  Would it work in Sea Pines?

@Gillian Mealer

We have only looked in Sea Pines since we really like it there.  Our goal was to use it for a couple months in the winter in about 8 years or so when I retire.  We have looked at both SFHs and condos, and both 2 BR and 3 BR.  You are right about the regime fees.  They are expensive and when you add to that the cost of property management, insurance, and property taxes, the rent isn't significant enough to cover all that and a mortgage payment.

You bring up a good point about marketing.  In a lot of cases, the properties we looked at are currently rentals or if not, the seller provides projections from a property manager.  I've often wondered if you really marketed a property hard, whether you could increase the rents enough to make it a solid investment?

Would appreciate your thoughts on Sea Pines.

Currently looking in Hilton Head Island, SC but it's been very difficult to find a property that comes even close to generating positive cash flow.

@Jeff Stephens - Thanks for your feedback.

@Cole Oraham - Just sent you a message.

I'm considering Clemson, SC for rental properties and looking for feedback on whether it's a good market and whether anyone can recommend an investor friendly real estate agent and a property manager.

@Joseph Nance - Thanks Joseph.  I spoke with Henry and plan to use Mia Madison.

Can anyone recommend a good property manager in Savannah?

Thanks  @Diane Valencia  I will definitely take a look.  I'm guessing a lot of people have success using your approach.

@Ryan Tyree Thanks Ryan.  I am considering your approach as well.  I would even be okay if the cash outflow was largely offset by equity buildup.  Even that is hard to find.