For a town amplified by the tourism economy, Charleston SC often sees a slowdown during the winter months as fewer visitors are flocking to its sandy shores. Many hotels and rental properties resort to deep rate cuts to entice visitors and maintain bookings - a tactic referred to as "dynamic pricing." While dynamic pricing is important in keeping rental income at a steady stream, this off-season period of potentially lesser income is the ideal time to assess the property and make any necessary maintenance updates to ensure it's in tip-top shape for the next peak season. If occupancy was successful during the busy summer months, vacation rental properties see wear and tear which means, whether it's minor adjustments or a large repair, there are always improvements to be made in the slower season.
Owning a short-term rental (STR) property in Charleston SC can be a lucrative investment. The local beaches, history, and charm make the city a vacation destination. For many years the hotel and bed & breakfast industry has cornered the market on overnight accommodations in the city, however, with the rise of the sharing economy and the popularity of services like Airbnb and VRBO property owners are eager to cash in on their income properties. In an attempt to catch up with this trend the City of Charleston and nearby City of Folly Beach are drafting new policies to help regulate this fledgling industry and ensure safety for owners and guests alike.
When you purchase a vacation home as an investment in Charleston SC, there are a number of factors to consider, especially when selecting a vacation rental management company to care for your property. If this is a home you plan to rent out for the majority of the year, you want to make sure your property is in good hands and will maintain its value while in the rental pool. This is one thing that will set property management companies apart from one other - the level of care for your home.
Here in Charleston SC, much like every other place in the world, you can't hide from Mother Nature. Along with our temperate year-round climate and warm, sunny summer, we also have an established hurricane season from July 1 to November 1. Fortunately, our ability to detect storms days in advance has drastically improved (thanks technology!), allowing us to be proactive instead of reactive if a storm is predicted. For a homeowner in the lowcountry, especially one that owns a second home in Charleston, you should seek a property management firm that takes preventative measures pre-storm and necessary actions post-storm to help protect your home.
In today's client-centered business environment ratings and reviews are crucial for all different types of business. Hotels and restaurants are some of the most widely reviewed businesses, with vacation rentals being subject to the same rating scrutiny, if not more so, given the uncertainty that surrounds them.
When it comes to the luxury consumer, convenience and peace of mind is high on the priority list, especially when on vacation. At Luxury Simplified Retreats, our team understands the value of providing a relaxing vacation for guests with luxury at every turn. Minimizing stress invites guest to focus on creating memories with their family and friends, as opposed to worrying about booking all of the activities, dinner reservations, or grocery shopping. After all, a vacation isn't really a vacation if the guests are still doing all the work! So just how does one accomplish this?
The opportunity to build a home that you intend to use as a vacation rental in Charleston SC can be both exciting and daunting at the same time. And, although it may be a little more time consuming, starting at the building stage to design your home for the purposes of a vacation rental can be very advantageous in the long run. There are a number of things to consider when building a vacation home as an investment - and savvy, well thought out choices will enable you to maximize your revenue potential while ensuring happy guests along the way.
Since Charleston SC claimed the title of "#1 City in the World" by Travel+ Leisure, the vacation rental industry here has grown exponentially. Whether you’re a vacationer, homeowner or investor, it seems like everyone wants a piece of the pie. Taking care of a property is a full-time job, so if you’re a vacation rental homeowner and don’t want the heavy burden that comes with cleaning, maintenance, and booking, then a vacation rental management company is your solution. When choosing a property manager, there are several factors to consider prior to selection, but more often than not, occupancy levels and consistent, reliable property care are two crucial areas a property management company must deliver on.
Along with historically warm weather, the New Year has brought with it 4 beautiful additions to our portfolio of Charleston luxury vacation rentals! Nestled in the Cannonborough and Elliotborough neighborhoods of downtown Charleston (two bordering neighborhoods highly touted in the vibrant Charleston food scene), these properties could not be more perfect compliment to our existing luxury rental portfolio. We are always THRILLED to expand our portfolio to offer more options to our guests. Here are our 4 NEWEST luxury vacation rentals in downtown Charleston SC:
Planning a getaway to a new city opens the doors to experience a different culture, different vibe and a new point of view. Our charming, historic city of Charleston offers southern hospitality at it's best, and what better way to experience it all than to fully immerse yourself? An extended stay at a local vacation rental is just the ticket - not to mention one in the heart of downtown - at our luxury condo, High Society.