As experienced property managers in the Charleston, SC, area, Charleston Property Company works hard to stay informed about the latest real estate trends to support rental property owners and tenants. Midway through 2023, the company offers the following market insights for the Charleston area.
2023 Mid-Year Charleston Real Estate Market Insights
From the start of the pandemic, South Carolina’s population was among the country’s fastest-growing states, with many residents moving into the area from out of state. Unlike most regions in the country, the overwhelming demand for housing in the Charleston area has superseded the effects of inflation, enabling rates to continue to grow into 2023.
For real estate investors, many owners are choosing to purchase investment homes in the Charleston area now, wanting to rent them out for 3-5 years until they can retire and move into them as their retirement homes.
This makes the Charleston area a competitive market for investors already here or for real estate professionals looking for a place to expand their portfolios.
Charleston Property Company’s Approach to Staying Updated On Current Trends
The company is a member of the local chapter of the National Association of Residential Property Managers, as well as the Charleston Trident Association of Realtors. The team of real estate experts constantly utilizes market reports within the MLS (Multiple Listings Service) software to identify trends and optimize rental rates while also minimizing vacancy for owners.
They also manage hundreds of properties across the Charleston region and set aside time each week to revisit all areas of the local rental market. They serve seven counties in the Charleston region and can give accurate and realistic information to potential investors to help them maximize their ROIs.
Market Analyses Help the Company Support Investors
The company also conducts excessively thorough market analyses. When presenting a list of comparable properties, they have a three-tiered approach that provides detailed market insights from all angles.
Having their fingers on the pulse of rental trends within the counties they service allows them to make informed recommendations to clients about what and where to buy.
As the landscape evolves, Charleston Property Company also evolves their approach to providing valuable insights for investors. They take pride in the level of honesty they provide to their owners. For example, if the market does not favor a specific rental rate, Charleston Property Company will not recommend it to prospective or existing property owner clients, no matter how good it may sound.
In the same way, they do not shy away from aggressive increases if the market has shown it can tolerate it. They are highly data-driven in their approach and have abundant experience in all rental climates to back each of their recommendations.
About Charleston Property Company
Consistently rated one of the best Charleston property management companies in the area, Charleston Property Company works diligently to maximize returns for property owners from their single-family rental homes or condos. As local property managers, the team knows the area well and delivers customized property management solutions and hands-on support.
Their full-service management includes rental property maintenance, property inspections, thorough tenant screenings, aggressive property marketing and advertising services, financial accounting services, and support for property-related legal procedures. The company also offers tenant placement and marketing services for property owners wanting to start with fewer services that can make a significant impact on their bottom line.
To learn more about Charleston Property Company and their services in the Charleston, SC, area, visit charlestonpc.com/about-us.
Media Contact
Company Name: Charleston Property Company
Contact Person: Krisztina Cole
Email: Send Email
Country: United States
Website: https://www.charlestonpc.com/