All Forum Posts by: Linda McDavid

Hi Michael,

Hello! If you would like to private message me you may. I have a STR in that area and I would be happy to assist you with information.

Regards,

Linda

Thank you Theresa! Yes, the special assessments are always continuous. It sounds like it is time for me to sell and stay clear of high regime and special assessment fees. They just zap you of any profit that is made. 

Thank you Mike for your input!

Thank you Andrew. I will need to research properties that will have that kind of return rate. I appreciate your input. It sounds like it's time for me to sell! Do you suggest any resources to direct me to find the best ROI's?

I own a short term rental in the low country coastal area of SC. I had purchased it in 2019 and started renting it out May of 2020. This a condo unit .5 miles from the beach.  I paid cash for it and I am contemplating whether or not I should sell and reinvest. 

The regime fees are high and the special assessments have increased as well as the insurances. 2023 I pretty much have broke even with my ROI. If I sell, I am pretty confident the value has doubled. (According to other units that have sold through the year) The 1985 building will be getting remodled soon and we do like using the property. (well, work most of the time) I am unsure of what to do. If anyone has advice about condo STR's especially in the Carolinas, I would appreciate it! Thank you!