Real EstateThe Downtown Charleston Rental Market

As a downtown Realtor we are often asked about investment properties and rentals. We have bought dozens of properties in the Charleston area from small working class homes, carriage houses, Charleston singles through to a grand pre-revolutionary home. Each with their own challenges and often in need of major renovation. We have made a solid investment in restoring homes in some of Charleston’s most neglected neighborhoods. After renovation, all become part of our investment portfolio and provide a reliable return on investment on the market, a strong segment on the Charleston Peninsula.

Believing you can make money in the rental market requires a thorough knowledge of how to move through the process, especially if you intend to rent properties in the highly regulated historic districts on the Peninsula. However, working with your Realtor you can fast track to an understanding of a good and poor rental purchase.

There are often pitfalls to acquiring properties:

Foreclosure – yes you can buy these cheaply, mostly from a Bank, you may get lucky. You will have to negotiate a contract which can be difficult and the foreclosure work may not be thoroughly done. These distressed properties are often the victims of multiple liens and tangled titles.

Motivated sellers – sellers who need to move for work or changes in life choices. These can be difficult to find but are generally a very good and moreover safe buy. You obtain a rental property with equity value from day one to back your rental returns over the forthcoming years.

Here in Charleston there does exist ample opportunity to make a good return in rental and investment properties. You have to understand the market and have trusted expert resources to help you get there safely. Timing and market conditions are often critical. We can help you do that we can help you with understanding rental purchase decisions and show you real examples of what we own and how the finances are working.