Thinking of buying a beach condo.....

**tish_lynn02** · 02-23-2011, 11:53 AM

I am thinking of buying a beach condo at myrtle beach that is part of a resort. I would like some information, if anyone has any, on what type of expenses I am looking at when owning this type of property. I would like to use the property as rental property as I was hoping that someone could provide some advice as to how I could do this so that the condo would pay for itself, if this is possible. I also would like to know if anyone has any info on the process of renting out such a property when it is owned through a resort, such as the percentage they take and the expenses of cleaning and utility bills

Thanks,

Tish

**realestategirl** · 02-23-2011, 10:48 PM

If the property is owned by a resort, the first thing you should think about is whether you can find a long term tenant for your property. Before, the majority of condo renters are seniors who do not have the strength to maintain a house but now, it is usually young people looking for a place to rent in order to find work in a big city. If the area is a resort, there is a big chance that it might be far from any major city center and you will end up with tenants who will only rent the property for a short time and majority of the time you have to pay for the maintenance and upkeep of the place if it is vacant.

**Mold Testing Guy** · 03-03-2011, 10:53 AM

Being so closed to the water, I would recommend talking to a professional about having a mold test / mold inspection prior to purchasing the property.

**marvinmcq** · 03-07-2011, 06:41 PM

Being that you are so close to the water, the house will pick up alot of moisture. Be sure you have a professional come a check out the level of mold in the area.

**doncampbell** · 03-14-2011, 03:03 AM

Being that you are so close to the water, the house will pick up alot of moisture. Be sure you have a professional come a check out the level of mold in the area.

Totally agree, I don't think any one can help you with exact rates or expenses. But think again before purchasing at beach.