Just started our own firm investing in and managing property in our relatively new (~5 years now) home in Charleston, SC.Happy to be a resource to anyone and look forward to making quality local connections!

I'd underwrite the deal as any other - make sure you are conformable with the quality & tenant base. 

We have been a quality fencing company for 5 years part-time, and just announced this year we are going full-time with it.

Screening and placing a tenant, they know local rules, they have eyes that can see the property and know what is going on there.

Maybe we got lucky in that department, or maybe it was just a quality built property.Happy New Year and best of luck in 2025. 

I started to notice some issues early on when I tried to get some new tenants screened and signed up. 

As long as you're willing to make sure you have good, quality properties, Section 8 can be a good way to go!

While I do believe that some of the posters on BP are able to do a quality job self managing their portfolio of STR properties, they are spending a lot more time doing it than they’d like to admit.10 years ago in many markets STR provided outsized returns.  

Quote from @Reed Rickenbach: John - as long as you are still following strict screening criteria I agree for single family.

A good manager will handle everything from marketing to maintenance and tenant screening, saving you time and stress.Vendors and LandscapingBuilding a team of dependable vendors—like landscaping companies, contractors, and insurance agents—is critical.