Myrtle Beach, South Carolina (November 26, 2014) – Coldwell Banker Chicora Real Estate LLC, a respected Myrtle Beach, SC real estate company, recently provided real estate investment tips in an October 24, 2014 article published in The Fiscal Times. They also offered advice on how landlords can maximize the profits generated by their properties.
The cost of rent on a national scale rose by 6.5 percent year over year last September. In particular, the cost of rental apartments rose by 6.9 percent. These figures—deemed to be the highest in the last 19 years—are sure to increase further as 35.3 percent of Americans are currently renting property in the first half of 2014.
Despite rising rental rates, the Director of General Brokerage at Coldwell Banker, Rod Smith, reminded landlords that they must not see rental properties as a “get-rich-quick” method. “Some people go into real estate thinking they’re going to buy a pristine property, get perfect tenants, and get the property returned in exactly the same condition as when they rented it out. Those people are better off investing in something else.”
When investing in real estate in Myrtle Beach, it would be wise for investors to look for property in the right location. Investors should not hesitate to consult an experienced local real estate company like Coldwell Banker Chicora Real Estate LLC for advice on desirable properties. Investors should also dedicate an upkeep and renovation budget to keep their property appealing to potential tenants.
Apart from helping investors find and buy the perfect investment property, the company also helps investors who wish to sell property. They also deal with transactions concerning commercial real estate.
For more information about Coldwell Banker Chicora Real Estate LLC and their services, please visit www.chicora.com.
About Coldwell Banker Chicora Real Estate
Coldwell Banker Chicora Real Estate LLC was established in 1972 by Tim Jemison and Paul Malone. With a reputation for integrity and strength in the real estate industry, the company has become one of the most trusted real estate companies in Myrtle Beach, South Carolina. The company is now under the guidance of CEO and President Don Smith, and Vice President Gary Roberts. Coldwell Banker Chicora Real Estate LLC is a member of the National Association of Realtors®.