How do you feel about your vacation home in Myrtle Beach, South Carolina? Are you perfectly satisfied, or do you feel a sense of guilt because you don’t think you use it enough? If you’re more in line with the latter, you’re not alone.
In a recent survey conducted by Lending Tree, 49% of vacation home owners admitted they felt guilty about not using their second home as much as they thought they would. A vacation home, especially somewhere like Myrtle Beach, SC, should be a source of fun for family and friends all year long, and even a source of income. It hurts our hearts at Vantage to know that so many people feel anything but positive vibes about their beach house!
It’s easy to see where the guilt comes from. In the same survey, owners were asked how many times per year they personally use their vacation homes. Only 26% said more than five times, while a shocking 37% said they use their second home either once per year or not at all.
If owners aren’t using their vacation homes for their own enjoyment, they can at least open them up for rental opportunities and help offset the costs of ownership. That’s the theory, anyway. But once again, actions don’t align with intentions.
Most people who buy a second property do so with plans for renting, according to another study. Similar data came out of the Lending Tree survey. A little more than half of vacation home owners said they purchased their homes to rent them. Unfortunately, 59% admitted that still hasn’t happened.
There is good news: It’s rather easy, and profitable, to alleviate any guilt about your vacation homeownership. You just need a little help.
Find the Right Partner
Before we move on to talk about renting, we do want to encourage you to use your Myrtle Beach, SC, property for yourself and your family as much as possible. After all, we’ve recently discovered some pretty convincing evidence for taking more time off and getting away.
When you’re not making memories in your second home, use it to make money. Many owners of vacation properties never get around to renting because it seems like there’s too much work involved. You need to list and promote the property, clean and maintain it, manage bookings and guests and handle all the bookkeeping.
In reality, you don’t have to do any of those things—not if you team up with a property management and marketing partner offering turnkey services.
Having the right property management support enables you to maximize your vacation rental and minimize your effort. But how do you know when you’ve found the right one? Your safest bet is to work with an experienced local partner with a wide range of capabilities, including:
- Personalizing a strategy for your vacation home based on your revenue goals and preferences for usage
- Marketing your property all year long to a large, diverse pool of prospective guests
- Coordinating all bookings and guest relations
- Connecting with guests at every step to meet any special needs and offer helpful information that will make their stay more enjoyable
- Processing all income and expenses for rental transactions, including remittance of state and local rental taxes
- Keeping your property professionally clean and maintained
- Inspecting your home regularly
- Providing protection with storm preparation and other emergency services
Feel Great, Not Guilty, About Your Second Home
You bought a vacation home in Myrtle Beach, SC, to provide happiness and maybe extra revenue. Just because you can’t use it as much as you like right now doesn’t mean you can’t make it work for you. To find out how easy it is to lose your guilt and feel great about your Myrtle Beach home, contact Vantage at 888-303-4110. We’ll give you a complimentary rental assessment to show you what’s possible.
Founded in 2007, Vantage Vacation Rentals specializes in delivering exceptional experiences for both vacation property owners and their rental guests in popular Maryland destinations such as Ocean City, Annapolis and the Eastern Shore of the Chesapeake Bay, as well as the Delaware beaches and North Myrtle Beach, South Carolina. Vantage serves owners with extensive property marketing and promotion as well as comprehensive property management services to help maximize rental income opportunities. With over 550 managed properties, Vantage makes it easy for vacationing guests to find and reserve the perfect option—then enhances their stay with exclusive benefits and discounts. To learn more about Vantage Vacation Rentals, visit VantageOceanCity.com, EasternShoreVacations.com and VantageMB.com.