Myrtle Beach Long Term Rental Property Owners FAQ
How do I list my property with Booe Realty?
It’s easy. Give us a call or send us an email. We don’t charge a commission until your property is leased. We offer industry-leading marketing in all price points, targeting the optimal tenant for your property. And our staff is friendly, professional, and responsive. We can talk you through what we require in terms of initial property inspections and materials needed in about ten minutes of your time.
What area does Booe Realty service?
Myrtle Beach, N. Myrtle Beach, Carolina Forest, Longs, Little River, Loris, Murrells Inlet, and Surfside.
How will Booe Realty market my home?
Booe Realty will market your home in a manner that is most effective and targets the tenant looking for your property type. Some of the marketing media we use includes our website, Sun News. And probably one of the most effective sources for finding a renter for your home is that we receive up to 75 phone calls per day by folks looking for a place to rent.
Will Booe Realty provide maintenance for my home?
We have highly qualified subcontractors that can make any maintenance repairs at very competitive rates. Also, we offer 24 hour emergency maintenance service. Our tenants have access to a 24 hour on-call center that relays emergency maintenance issues to one of our on-call property managers. This service allows Booe Realty to provide prompt attention to the safety of your property and your tenant.
How do I keep my maintenance costs within my budget?
Our maintenance managers keep all maintenance requests and costs on file. So, we always know what work has been performed. For any maintenance requests that exceed an estimated amount of $200.00, we will notify you and we will provide competitive pricing and quotes so you can make an informed decision on non-emergency maintenance issues.
Will Booe Realty provide accounting for my property?
Yes. You will receive a monthly income statement for your property that details rents received, any maintenance expenses incurred, and the monthly management fee. At the end of the year you will receive a Form 1099 that you will need to file with your income taxes. We do not provide income tax services.
Will Booe Realty do property inspections?
Yes. Our leasing manager will inspect your property prior to advertising it to take pictures and provide you with any needed advice on making your property "market ready”. Once your property has been leased and eventually vacated, our property inspector will visit your property to determine the condition in which your tenant left the property.
Does Booe Realty require a tenant security deposit?
Yes. We require a one month security deposit from our tenants. We place the security deposit into an escrow account as required by the S.C. Real Estate Commission. The security deposit remains in the escrow account until your tenant vacates the property. The tenant is entitled to the security deposit less any unpaid rent or any damages in excess of normal wear and tear. As required by the S.C. Real Estate Commission, all security deposits must be accounted for within 30 days of vacating the property.
Will Booe Realty screen my prospective tenants?
Yes. We require each adult applicant to complete an application. The prospective tenant pays for the application fee, not the owner. We require valid picture identification and a valid social security number. We verify rental history, employment and income information as provided by the applicant. Also, we utilize a national database service that provides us with valuable credit. All of our prospects are treated and screened in compliance with the Federal Fair Housing Act. We do not and will not discriminate against applicants based on race, color, religion, sex, handicap, familial status, or national origin.
Are pets allowed?
Our owners & HOA’s decide whether to allow pets or not. If pets are allowed by the property owner, we generally require a $250 refundable pet fee per pet.
How long will the lease term be?
Generally, we recommend a 12 month lease. Shorter lease terms can be expensive to the owner due to turnover and make ready costs. Longer term leases can prevent the owner from capitalizing on improving market rental rates.