Your Home Buying Solution for Hilton Head Island, SC and Bluffton, SC Real Estate

Renting Your Home in Hilton Head
If you purchased your home in Hilton Head Island as a retirement property, you may want to consider renting it to generate additional revenue. This is a great way to cover the costs of your retirement home in Hilton Head Island or Bluffton since renters pay the costs of the home plus a little extra.

You can hire a property management company to manage the rental. In essence, they become the “landlord”, taking in payments, arranging for any maintenance to be done and handling the credit reviews and legal contracts for new renters. They take a percentage of the monthly rent, but you don’t have to deal with the renters.

Leases are usually a year at a time with the option to renew at the end of the lease term. Keep this in mind when planning your retirement. You don’t want to reach the magic day where you can retire, only to find that the home of your dreams in Hilton Head Island has 11 months to go on the lease.

A good property management company will also carefully screen renters, ensuring they have good credit and references. Getting poor renters is one of the greatest concerns of homeowners who are renting out their Hilton Head Island home. But a property management firm can help in this regard.