Conway Real Estate

starting a property management company

2009-03-13T20:34:00.001-07:00

Starting a property management company

Starting a property management company can be an extremely rewarding adventure. Real Estate Property Management is something that is highly needed no matter what cycle of the market we are in.

Myrtle Beach Rentals are fairly challenging because being in a tourist area things are constantly changing. Myrtle Beach condos are very dependant on how well the economy is doing. The reason is because most of the area is highly dependant on tourist dollars to drive the retail industry, hotel industry and restaurants.

There are different kinds of Myrtle Beach rentals, the market has a lot of room for annual property rentals, but also vacation rentals are a huge business. Millions of people come to the Myrtle Beach area every year. Many of these people are interested in weekly rentals or nightly rentals. The difficult part of starting this business is it is very seasonal. During the summer months you will be extremely busy. Now the winter months can be difficult.

Vacation rentals can be extremely labor intensive. Every week you have to do check in and check outs, not to mention you have to deal with room cleaning, 24/7 guest complaints and a list of other issues.

The other option is doing annual rentals. Annual rentals are just what it sounds like. These people actually live in the area and plan to stay year round. This is the least labor intensive choice.

You also have some properties like Dunes Village Resort that has condos and time share. This even ads more challenges.

In the state of South Carolina you have to have a property management license or a real estate license to be able to manage real estate for other people. Most cities and counties will also require you to have a business license also.

Now property management is defiantly not a business for the faint of heart. Dealing with people and the place they live is always interested. We have said many times you don’t really know someone until you rent to them.

Starting a Myrtle Beach rentals business managing Myrtle Beach real estate is defiantly something that is needed no matter what cycle of the economy we are in.

We always recommend the follow things are must have items before you get started.

A Post Office Box – this can save a lot of time by requiring all tenants to mail rent in. Letting people come to your home or picking up rent from people can be dangerous, not to mention you don’t want someone coming in your home while you are trying to spend time with your family.

A Fax machine – A fax machine is a must, there are always things needing to be faxed to people and you don’t want to have to hunt one down every time you need one.

Internet connection – Most people find it easy to communicate through email. Email also gives you a paper trail if it is needed later on.

A cell Phone – You don’t want to miss a call from a potential renter – the quicker you can answer or call back the quicker you can show your property and get someone to move in.

That is the basics for starting a property management company. Of course when showing property you always want to remember to be safe.

You also will want to make sure you follow your state guideline for a liscense

Conway, SC City Information

2008-01-06T13:59:00.000-08:00

Conway, SC is the county seat in Horry County, SC. With a population of a little less than 12,000, it has many structures that are on the National Register of Historic places. Conway Real Estate has been more popular than ever.

Recently Conway’s downtown has been revitalized with small shops and restaurants. One of the highlights of the renovation was the Riverwalk, whish is an area of fine dinning that follows a portion of the Waccamaw River.

Conway is one of the oldest towns in South Carolina, it was created in the 1700s as part of Royal Governor Robert Johnson’s Township Scheme.

Situated on the South Carolina Coastal Plain, Conway is about 12 miles from the Atlantic ocean.

Education

Conway is home to Coastal Carolina University and Horry-Georgetown Technical College. The area is served by the Horry County School System.

Conway, SC Neighborhoods

2008-01-06T13:55:00.000-08:00

List of Conway, SC Neighborhoods for sale

• Adrian Homes
• Brown Swamp Homes
• Buckwood Homes
• Bucksport Homes
• Bucksville Homes
• Cochran Homes
• College Park Homes
• East Conway Homes
• Glass Hill Homes
• Good Hope Homes
• Hickory Grove Homes
• High Point Homes
• Homewood Homes
• Horry Homes
• Jamestown Homes
• Juniper Bay Homes
• Kates Bay Homes
• Maple Homes
• North Conway Homes
• Oak Grove Homes
• Oakey Swamp Homes
• Pee Dee Homes
• Racepath Homes
• Red Hill Homes
• South Conway Homes
• Toddville Homes
• West Conway Homes

Are You intrested in a Conway Home? Contact us about Conway Homes

Conway Schools

2008-01-06T13:53:00.000-08:00

Conway, SC Schools and Education Systems

Conway, SC is part of the Horry County School System.

The Conway student teacher ratio is about 15 students to each teacher.

Conway has about 93% of the population are high school graduates.
Just over 34% of Conway’s population has a Bachelor’s Degree and over 28% has a Graduate Degree.

Public high schools in Conway:
• CONWAY HIGH SCHOOL
• AYNOR CONWAY CAREER CENTER

Private schools in Conway:
• CONWAY CHRISTIAN SCH

Public elementary/middle schools in Conway:
• WHITTEMORE PARK MIDDLE
• HOMEWOOD ELEMENTARY SCHOOL
• CONWAY ELEMENTARY/PRIMARY
• WACCAMAW ELEMENTARY SCHOOL
• SOUTH CONWAY ELEMENTARY SCHOOL
• CONWAY MIDDLE SCHOOL
• KINGSTON ELEMENTARY SCHOOL
• PEE DEE ELEMENTARY

Colleges/Universities in Conway:
• COASTAL CAROLINA UNIVERSITY
• HORRY-GEORGETOWN TECHNICAL COLLEGE
• NORTH AMERICAN INSTITUTE OF AVIATION
• CONWAY SCHOOL OF PRACTICAL NURSING

Conway, SC Real Estate

2008-01-06T13:50:00.000-08:00

Conway, SC Real Estate

Conway SC real estate has grown tremendously over the last few years. Located right outside of one of the most popular tourist destinations on the east coast, Conway’s Real Estate market often follows the lead of what is happening in the Myrtle Beach Real Estate Market.

Conway is the county seat for Horry County making it an important part of the county.

Often buyers looking to move into the Myrtle Beach area will decide they do not want to be in all of the traffic and crowding of the tourist areas. As an alternative they look at real estate in Conway, sc instead.

Because of lower property values many times it is easier to find a Conway SC Home with a larger lot for a cheaper price. Conway has also in the past had lower taxes than living in Myrtle Beach.

Because Conway’s Real Estate market has been driven more by primary home owner than investors, Conway Real Estate market has had a lower median price than Myrtle Beach’s.

According to Yahoo! Real Estate, Homes in Conway, SC have median home price of just under $147,000. The median aged Conway Home is about 32 years old.

Conway SC Real Estate Growth

Single-family new house construction building permits:
• 1996: 38 buildings, average cost: $91,800
• 1997: 40 buildings, average cost: $90,800
• 1998: 55 buildings, average cost: $96,600
• 1999: 81 buildings, average cost: $119,100
• 2000: 62 buildings, average cost: $102,900
• 2001: 51 buildings, average cost: $71,500
• 2002: 73 buildings, average cost: $113,400
• 2003: 91 buildings, average cost: $93,900
• 2004: 104 buildings, average cost: $121,700
• 2005: 152 buildings, average cost: $114,900
• 2006: 350 buildings, average cost: $124,600
(building permits and information from City-data.com)