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Top 5 Worst Property Management Mistakes | Property Management In Columbia, SC

property management in Columbia, SC

If you’re a property owner in South Carolina, you know how profitable rental properties can be. But managing rental properties is a not an easy task. It requires a lot of knowledge, attention to detail, experience, and effort to ensure your property runs smoothly and profitably. Therefore, many property owners and landlords seek professional help for property management in Columbia, SC, to handle the often tedious and complicated tasks.

On the other hand, those who choose to manage their own rental properties independently can easily make mistakes that could cost them time, money, and a lot of stress. To help you avoid these blunders, here are the top five worst rental property mistakes to steer clear of:

1. Keeping a Bad Tenant Just Because You Know Them | Property Management In Columbia, SC

It’s important to remember that renting out a property is a business, and you cannot let personal emotions or familiarity with a tenant come into play when making decisions.

If you have an unreliable tenant who is always late on rent or one who has damaged the property, it’s time to let them go. Otherwise, you’re committing one of the top rental property mistakes that will cost you in the long run.

2. Not Having a Solid Lease Agreement

A solid lease agreement is essential for protecting your property and your rights as a landlord. It should clearly outline the terms of the rental agreement, including rent payment due dates, late payment fees, maintenance responsibilities, and more.

3. Ignoring Tenant Complaints and Concerns

As a landlord or property manager, it’s essential to address tenant complaints and concerns promptly and professionally. Ignoring them can lead to unhappy tenants and hurt your reputation as a landlord.

4. Not Preparing for Vacancies

Vacancies are inevitable in the rental property market, but failing to prepare for them can cost you time and money. You must have a plan to market your rental property and attract quality tenants even if you have no current vacancies. It is one of the best proactive steps for efficient property management in Columbia, SC that will help minimize vacancy rates and maintain your cash flow.

5. Not Inspecting the Property Before Leasing

Imagine you’ve just leased your property and later discovered severe property damage. Now, you cannot blame the tenant for the damages because you forgot to inspect the property and have no proof that the tenant might have caused it. So, you must pay for the repairs and maintenance expenses from your pocket.

Therefore, inspecting the property thoroughly before leasing it out is critical so that you can document any existing damages and avoid such costly surprises.

Avoid All These Rental Property Mistakes with Professional Property Management in Columbia, SC

Scott Properties Midlands understands how one mistake in property management can have costly and long-term repercussions. We offer professional property management in Columbia, SC, to help landlords handle everything from tenant screening to rent collection. Our property managers are well-trained and experienced to ensure your rental property runs smoothly and profitably.

Contact us today to learn more!

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6 Benefits Of Working With A Property Management Company | Property Management Company In Columbia

property management company in Columbia

If you own a rental property in South Carolina, now is the time to rent it out! The rental market in Columbia, SC, is booming due to low inventory levels and impressive population gains, and property owners have more opportunities than ever before to capitalize on their investments. However, it is more complex than cleaning your property, posting an ad online, and waiting for the tenants to roll in. A lot of back-end work goes into running and maintaining a successful rental property. That’s why working with a professional property management company in Columbia is your best bet for success.

Today, we’ll uncover the benefits of working with expert property managers and how they can help you maximize your returns on your rental investments.

1. They Screen Tenants Properly | Property Management Company In Columbia

There are all kinds of potential tenants in the market, from the responsible ones who pay their rent on time and look after the property to those who are unreliable and cause damage. And it takes a deep understanding of tenant screening to identify the most suitable ones for your property.

Expert property managers know how to properly vet and screen tenants to ensure you rent out to the right people. They will conduct background checks and review credit histories to ensure you make the best property decisions.

2. Set Fair Rental Rates

If you set rental rates too low or too high, you might leave money on the table or deter potential tenants from renting your property.

With the help of an experienced property manager in Columbia, you can rest assured that rental rates are always set as per the fair market value. Expert property managers understand the local market and can use the latest data to determine the best rental rates for your property.

3. Handle Legal Compliance

Rental laws vary from state to state and city to city, so knowing what rules apply to your property is essential. Experienced property managers are familiar with the local rental laws, ensuring that your property is always in compliance and protecting you from legal issues down the road.

4. Handle Maintenance and Repairs

One of the most time-consuming parts of being a landlord is dealing with maintenance and repairs. If something breaks or needs to be fixed, you must find the right professionals and arrange for repairs.

But if you work with a property management company in Columbia, all the maintenance and repair work is handled for you. Expert property managers have a network of reliable contractors they can call upon in case of any issue, so you don’t have to worry about a thing.

5. Collect Rent on Time | Property Management Company In Columbia

Getting tenants to pay their rent on time can be a difficult task. Late payments affect your cash flow and take up valuable time. If you want to avoid running after tenants for the rent each month, partnering with a property management company in Columbia is your best bet.

These experts have the experience and strategies to ensure that tenants fulfill their monthly commitment every time. They can set up automated systems to accept payments online and employ late payment policies to hold tenants accountable.

6. Reduce Vacancy Rates

No landlord wants their property to sit empty for months. But vacancies can quickly become an issue if you don’t know how to market your property and attract the right tenants effectively.

Your property manager can help you maximize your rental income and minimize vacancies. They can use their marketing expertise to get the word out about your property and create attractive rental listings to attract potential tenants.

Rent Out Hassle-Free with a Professional Property Management Company in Columbia

Scott Properties Midlands has expert property managers who can care for your property in Columbia. We provide comprehensive property management services and property owner benefits, including tenant screening, rent collection, maintenance and repairs, legal compliance, and more.

Contact us today to learn more about our services and how we can help you manage your rental property.

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Rent Your Home With Ease | Property Management Company In Columbia

Property Management Company In Columbia 1

Key Takeaways:

  • Renting your home can be a great way to supplement your income; however, it can be time-consuming and challenging to handle independently.
  • Scott Properties Midlands is a professional property management company in Columbia that specializes in managing rental properties and providing owners with a hassle-free experience.
  • Our experienced staff can handle all aspects of the rental process, from property evaluations and advertising to tenant screenings, lease agreement management, and rent collection.
  • We also offer direct deposit payouts on the 28th of each month (or the previous workday if it falls on a holiday or weekend).
  • With us, you can rest assured that potential tenants can view your Columbia rentals, occupy them, and help you increase your profits.

 

Whether you’re new to the rental market or you’ve been a landlord for years, finding suitable rental listings, advertising your property, and keeping up with paperwork can be overwhelming. Plus, without proper management, it’s easy for rentals to become neglected and unprofitable.

That’s why it pays to hire a professional property management company in Columbia, so you don’t have to worry about all these things. All you have to do is sit back, collect your rental income, and watch your property’s value appreciate over time.

At Scott Properties Midlands, we help relieve the stress of renting your home. We have a team of experienced property managers who know the Columbia rental market and can help you find qualified tenants for your property. Our team is well-versed in the legal and financial aspects of the landlord-tenant relationship, so you can rest assured that your property is being managed efficiently and per all applicable laws.

Whether you own one property or are an investor with multiple rental units, we can help you maximize your return on investment on your Columbia rentals and ensure your tenants are happy and satisfied.

How A Professional Property Management Company in Columbia Help Make Renting Your Home Stress-Free

1. Property Evaluations | Property Management Company In Columbia

Regular property evaluations are the key to successful management. Our team periodically evaluates each property we manage. We document the results of these evaluations and send them to both the property owners and tenants. The evaluations are also uploaded to your online portal, which you can log into anytime.

If any issues or action items are identified during the evaluation, our team will create a timeline for completing the necessary work. We ensure that even the smallest of repairs and upgrades are completed promptly. After the work, we will re-evaluate the property to ensure it meets our standards.

2. Advertising

Thousands of Columbia rentals are listed daily with ads featuring high-definition photographs and detailed descriptions to attract potential tenants. It makes it harder for your property to stand out and get noticed, especially when competing with other properties.

Our property management company in Columbia knows how the rental market works, and we use the best marketing tactics to ensure your property is seen by those searching for it. Our team begins advertising your Columbia rentals 60 days before the lease termination date using software that allows us to syndicate to multiple websites. Some of these include:

  • Scott Properties of the Midlands Website
  • Market/School-Specific Student Housing Websites
  • MLS (Multiple Listings Service)
  • AHRN.com (Military Housing Referral Network)
  • Trulia
  • Zillow
  • Realtor.com
  • Homes.com

We also create eye-catching property listings with detailed descriptions of amenities, pictures, and floor plans. We update our listings to ensure potential tenants can access the most accurate information. With us, you’ll get the maximum exposure for your Columbia rentals and turn them over quickly and profitably.

3. Tenant Screenings and Move Ins

While thousands of potential tenants exist, we ensure only the best move into your Columbia rentals. We verify employment, income, credit reports, debt-to-income ratio, criminal background checks, and previous rental history. It ensures that the tenants who move into your rental properties are reliable, responsible, and able to pay their rent on time.

Once a qualified tenant is found, we will communicate the results to you so that you can make an informed decision before any tenant moves in. We understand that the security of your property is non-negotiable, and you can trust us to protect it with our comprehensive tenant screening process.

4. Lease Agreement Strategy and Process

We offer three-year lease agreements with one-year terms. This means that each year, the tenant and property owner can end their contract with a 60-day written notice, providing flexibility to both parties.

Having your tenants sign a three-year lease agreement will benefit you as a property owner in several ways.

First, we include a 5% increase in rent when the lease auto-renews each year. It helps cover increases in taxes, insurance, and other associated expenses and increases the value of your investment property.

Second, we strategically have all our leases terminate during the busiest time of year to maximize the potential for successful re-leasing. This termination date varies depending on the property’s market segment.

Lastly, the longer than regular notice to vacate time frame (60 days) gives us more time to find a qualified tenant and reduces property turnover.

Our strategies and processes have shown to be successful and have helped us keep the vacancy rate of our rental properties between 2-3%.

5. Rent Collection & Eviction and Property Owner Payments | Property Management Company In Columbia

The 5th of each month is the designated rent collection date. We take a proactive approach when handling delinquent accounts, starting with reminder phone calls to tenants with past-due balances. If rent payments are not received by the 13th day of the month, our property management company in Columbia will begin the eviction filing process.

Our team will write, file and serve all eviction notices and writs of ejectment. We always charge the tenant for all actions concerning an eviction filing, so property owners are never billed for the cost of eviction filings or time spent in court.

Regarding property owner payments, our team ensures you are paid by the 28th day of each month. The management fee, and any repair expenses, will be deducted from the total rent amount collected for the month.

If the 28th falls on a weekend or holiday, you will be paid out on the previous workday. All payments will be made via direct deposit into the bank account of your choice, ensuring timely and secure payments.

Are you ready to experience the peace of mind from working with a professional property management company in Columbia? With Scott Properties Midlands, you can have confidence knowing that your investment is being cared for and that payments are processed accurately and on time.

Contact us today to get started!

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5 Renting Mistakes To Avoid | Property Management Company In Columbia

property management company in Columbia

Key Takeaways:

  • Columbia is a great place to live, offering a unique blend of culture, recreation, affordability, and career opportunities.
  • From single-family homes and condos to multi-family units, there are plenty of rental properties in Columbia for people who want to call this city home.
  • However, before renting a property in Columbia, understand the common renting mistakes and take the necessary steps to protect your rights as a tenant.
  • Not reading the rental agreement carefully, not getting renters insurance, paying rent late, misusing amenities, and prioritizing square feet over layout or design are common mistakes to avoid to ensure a smooth rental experience.
  • Scott Properties Midlands is a premier house rental expert and property management company in Columbia that can help you find the right property and protect your rights as a tenant.
  • Our experienced team will match you to an ideal rental property according to your budget and requirements and ensure that all the necessary paperwork and agreements are correctly handled.

 

Property management companies in Columbia will tell you that renting a new home here is an exciting experience. From lush green hills, rolling meadows, and peaceful surroundings to vibrant city life and exciting nightlife, this city provides a mix of rural and urban living that few other cities can match. It also boasts excellent schools, great local shopping and dining options, plenty of parks, cultural attractions, recreation areas, and a strong community of diverse people.

According to Forbes, Columbia is one of the fastest-growing cities in the US, ranking 102 out of 200 as one of the best cities for business and career opportunities. In addition, the cost of living in Columbia is relatively low compared to other major cities in the US, making it an attractive option for people looking to relocate.

That said, you can easily find an affordable and suitable rental property in Columbia. Whether you’re looking for a one-bedroom apartment, a family home, or something more luxurious, plenty of options are available. However, partnering with a reliable home rental expert and property management company in Columbia ensures you get the best deal and service.

Scott Properties Midlands specializes in helping people find the perfect rental property in Columbia. We offer various homes and apartments with varying styles, locations, and amenities. Our experienced real estate agents will work closely with you to find a rental property that fits your budget and lifestyle.

Besides, leasing a house through us means that it will be appropriately managed and maintained. Our property management company in Columbia will take care of all the maintenance, repairs, inspections, and other tasks and make sure your new home is safe and comfortable. With us, you’ll have a stress-free renting experience!

That said, you must know that as much as working with professional property management is essential, it is also necessary to be familiar with common renting mistakes. We have compiled a list of the top five renting mistakes to help you avoid any unpleasant experiences.

1. Not Reading the Rental Agreement Carefully | Property Management Company In Columbia

Many renters do not read the rental agreement carefully, which can lead to issues later. The most important parts of the rental agreement are the rent amount and payment dates, occupancy rules, and property condition at the time of move-in.

Make sure to go through the rental agreement line by line and read all of the details before you sign. Because once you sign the agreement, you are legally bound to all the terms and conditions, and going against them could lead to unpleasant legal situations.

2. Not Getting Renters Insurance

Renters insurance is a type of insurance that helps protect your personal property from theft and damage and liability for accidents or injuries inside the rental unit. It is important to get renters insurance to protect yourself in an accident. It will also help you save money in the long run if something does happen to your belongings.

When looking for a rental property in Columbia, consider the cost of a renters insurance policy as part of your budget. While getting this insurance is not required by law, it will provide much-needed peace of mind and financial protection.

3. Paying Rent Late

When you sign a lease for a rental property in Columbia, you agree to pay rent on time. The date could be on the first of every month or due on another predetermined date. Landlords expect their tenants to pay rent on time regardless of the due date.

If you cannot pay rent on the specified due date, you must inform your landlord and explain the situation. Most landlords understand and will work with you to develop a payment plan or an alternative solution. However, if you fail to pay rent or make arrangements with your landlord, you could face legal consequences such as late fees or eviction.

4. Misusing Amenities

Whether it’s a rental home, an apartment building, or other types of rental property in Columbia, tenants are typically responsible for taking good care of the amenities the landlord provides. It includes but is not limited to, things like furniture, appliances, and other items that come with the rental. Tenants are also expected to keep communal areas clean and avoid damaging property.

If you misuse amenities or damage the property, you could be held financially responsible for the repairs. Inspecting the property before renting is always a good idea to ensure you know its condition so you don’t have to worry about these issues.

5. Prioritizing Square Foot Over Layout or Design | Property Management Company In Columbia

At times, tenants may prioritize the square footage of a rental property in Columbia over the layout or design – which is a mistake. While square footage is important, it’s not the only factor to consider when selecting a rental property.

Imagine having a larger space that’s dark and cramped or one with an awkward layout. Not only will this be uncomfortable, but it could be more challenging to furnish and decorate to make the most of your space.

Therefore, it’s essential to consider the layout and design of the property carefully. Take note of any windows, natural light sources, and other elements that could make or break your experience. Inspect the kitchen, bathrooms, and other common areas to ensure they meet your needs.

Looking for A Rental Property? Let the Professional Property Management Company in Columbia Help!

Scott Properties Midlands is a premier house rental expert and property management company in Columbia. Our experts are familiar with all city areas and can help you find the perfect rental property to fit your needs. We offer various options, including houses, single-family homes, apartments, and townhouses. We also have properties in all price ranges to fit any budget.

Use our search tool to find the best rental property in Columbia that meets your needs. You can narrow your search by location, rent amount, beds, and baths. Once you find a place that fits your budget and requirements, our experienced agents will help you sign a lease and move into your new home. Contact us today to get started with your search for the perfect rental property in Columbia!

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Property Management Company Columbia SC | Is My Property a Good Fit?

Property Management Company Columbia SC

As you shop around for the right property management company in Columbia, SC, you might come across options that don’t line up with the type of property you are trying to rent. Different management companies specialize in different parts of the market, after all. Finding the right partner is a matter of finding a company that knows the market you are trying to enter and has experience in that specific space. So, is your property a good fit for what we do here at Scott Properties? Let’s take a closer look below.

Some Starting Guidelines

As a good starting point, you should know that Scott Properties tends to focus on mid-market to high-end properties throughout the area. As a property management company in Columbia, SC, we have built up significant experience in this market segment, so we are best able to serve our clients by staying with what we know best. Within that category of middle to high-end, we are able to manage many different types of properties including single-family, townhomes, duplexes, condos, and more. We are proud of the work we have done with our various past and current clients, and would love to add you to that list.

The Simple Solution

There is no need to sit around and wonder if we will be able to serve as your property management company in Columbia, SC because you can simply get in touch with us today to find out directly from our team. We’ll be happy to go over your needs, learn a little more about the property or properties you own, and we can go from there. This will only take a little bit of your time and hopefully, it will lead to a successful professional relationship that can last for years to come.

 

Working with the right property management company can take a huge weight off of your shoulders. Scott Properties would be proud to serve in this role for you, so reach out today to learn more about our services. We hope to hear from you soon!

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Property Management Company Columbia SC | Monitoring Your Property Legally

Property Management Company Columbia SC

When your property is rented out by a long-term tenant, you might feel the need to check in on it periodically to make sure the condition is being maintained and no surprise damage will be found after that tenant moves out. You can drive by on the street at any time, of course, but that really isn’t going to show you much. Getting inside the property periodically is essential, but you need to do so in a legal fashion. A good property management company in Columbia, SC will be able to help with that task. 

Following the Rules

Although it is your property in the sense that you own it, the tenants that occupy the property while under a lease have certain rights that must be protected. That means you are now allowed to simply show up and walk into the property whenever you would like. If you’d like to do a walk-through to assess the condition of the home, you’ll need to provide at least 24 hours notice to your tenants. Of course, if you want to be a good landlord and maintain a good relationship with the renter, you’ll provide as much notice as possible and make sure this walk-through is not disruptive to their day-to-day life. With us acting as your property management company in Columbia, SC, you can have us deal with arranging this walk-through and making the proper notification in advance. 

Dealing with Issues

Beyond setting up a walk-through, another benefit of having a property management company in Columbia, SC is knowing what to do when issues do arise. What if you find something in the walk-through that is concerning? We’ll be there with you, and our team understands rental laws fully – we’ll be able to suggest a course of action and help you execute on whatever is necessary to protect your interests while staying on the right side of the law. 

Working with the right property management company can take a huge weight off of your shoulders. Scott Properties would be proud to serve in this role for you, so reach out today to learn more about our services. We hope to hear from you soon!

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Property Management Company in Columbia | We’ll Cast a Wide Net for the Best Tenants

property management company in Columbia

You may already know that finding good tenants is critical when renting out a property in Columbia or the surrounding area. But how do you find those tenants? That’s where it gets tricky. Looking for reliable renters on your own is a daunting task, but we can help. With years of experience as a trusted property management company in Columbia, we have a proven method of finding good renters for our client’s properties.

It’s a Lot of Work | Property Management Company

This is the part of the property rental process that owners tend to underestimate. You might think that you could just quickly put out an ad and immediately have plenty of great renters to pick from, but that’s not always how it works. You can easily invest a ton of time – and some money – in the process of looking for a tenant, only to struggle to find a good one. As your property management company in Columbia, we’ll do all of the legwork like background checks, following up with references, and more. All of that effort will pay off in the long run if you wind up with a tenant who is reliable and pays on time.

We Know Where to Look

There are certain channels to use in the search for quality tenants that tend to provide better results than others. As a result of our many years in this business, we know how to use the best paths to find good renters, and then we put those candidates through our review process to find the right person or people for your property. If you don’t have a property management company in Columbia working for you, it will be difficult to find great renters – and even if you do, you’ll have to spend a tremendous amount of time on the process.

Working with the right property management company can take a huge weight off of your shoulders. Scott Properties would be proud to serve in this role for you, so reach out today to learn more about our services. We hope to hear from you soon!

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Rent your Home Columbia | Rent your Home Faster with these Updates

Rental homes are in hot demand, but developers are scrambling to build more housing to keep up with population growth in the Midlands. Investors in rental properties can find a lot of luck in attracting and retaining high-quality tenants by making updates that will have applicants clamoring to get a showing. 

 

Best Updates to Make To Rental Properties 

The best updates to make before you rent your home in Columbia are the fast and easy updates including:

  • Fresh coat of paint in the interior
  • Replacing carpet
  • Upgrading appliances
  • Refacing cabinets 
  • maxing/polishing non carpeted flooring
  • Replacing the tub surround 
  • Adding simple landscaping to the exterior 

These simple and quick updates to rental properties make a big impact during applicant tours because it helps the home look cleaner and brighter. However, investors who want to rent their home in Columbia and stay towards the above average end of the market rent can consider:

  • Replacing siding or fresh exterior painting 
  • Replacing laminate flooring with tile or hardwood
  • Replacing cabinets 
  • Remodeling the master bathroom
  • Creating outdoor space such as a deck, patio, or garden

 

In addition to making updates and renovations to increase the rent value on the home, investors should always stay on top of pest control, keeping landscaping up to date (including tree trimming and pruning), and more. Keeping rental properties in pristine condition can be difficult, especially once a new tenant moves in. Investors should ensure that their property management company includes mandates in the lease for proper interior and exterior care of the home, as well as biannual inspections of the home.

 

One of the worst things that can happen to an investor is a tenant not taking care of a property and previous updates and renovations being ruined. Working with property managers to provide oversight to your investments can help you yield a larger return, and increase the value of your property. 

 

If you need property management services in Columbia, call Scott Properties of the Midlands at 803-951-0702.

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Rent your Home Columbia | Top Amenities Renters Want

109 Sweetoak

One of the best ways to make residual income is to rent your home in Columbia. However, the generation looking to rent single-family homes are younger millennials and generation Z who are now in their early to mid 20’s. These generations of tenants are looking for properties that are modern, spacious, and can be their safe haven to entertain and relax with friends and family. Homes that had owners for many years, or decades, are often in need of a lot of updates to increase the appeal. Luckily, we know just the top amenities renters are looking for in and around Columbia, SC. 

 

Top Amenities for Rental Properties 

  1. Outdoor Space- The weather is beautiful most of the year in the Midlands and renters are looking for space to entertain their friends and family both indoors and out. A patio or deck in the backyard, lots of space for a fire pit and chairs, and maybe even room for a swingset will help investors get top dollar for rent. 
  2. Energy Efficient Appliances- The younger generations are more eco-conscious than ever and if the appliances are more than 20 years old you should consider upgrading them before you rent your home in Columbia. Energy efficiency isn’t just good for the environment, but it will help lower the utility bills for the tenants.
  3. Ample Parking- Off street parking can be hard to find depending on where you are renting in Columbia and the surrounding areas. However, a driveway and garage can increase the value of the property and land your home on the higher end of the market rate. Everyone wants off-street parking if they can get it!
  4. Smart Home Features- The more a millennial or genZer can control with their phone, the better for them. Smart Home features such as digital thermostats, automatic lights, and even shades that go up and down with the tap of the screen will impress tenants and future buyers. 
  5. Lots of Storage- Minimalism is in, but not everyone wants to throw out every item that doesn’t bring them immediate joy. Millennials are especially into the streamlined look where they can keep most of their kitchen appliances, dishes, and food tucked away into pantries and cabinets. They also love large walk-in closets with built-in shelves and bookcases. 

 

These top amenities will help your property stay occupied and turn a profit in Columbia and all around the Midlands. Most of these amenities are easy and fast to complete without breaking the bank!

 

If you need property management services in Columbia, call Scott Properties of the Midlands at 803-951-0702.

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Property Management Company Columbia | Why the Midlands is the Place to Invest

109 Alston

Diving into investment properties is an exciting time but knowing where the best place to invest is can be tricky. South Carolina has a growing population, but the number of available properties in the big cities such as Midlands is not keeping pace with the number of tenants coming to the state. Many first time investors are finding more success and less competition for properties in communities like the midlands and Columbia. 

 

Benefits of Investing in the Midlands

Housing costs in Midlands are 127% more expensive than Columbia. This HUGE disparity makes investing in properties in the Midlands very attractive for first time investors. 

More than half of the residents in Columbia rent their homes and are happy to do so as rents have remained relatively affordable compared to Midlands. 

Columbia is a buyer’s market according to realtor.com and is one of the best places to find great property values with high returns on investment.

University of South Carolina along with business growth in Columbia keep a steady stream of people moving into the area. There will always be quality renters so your properties won’t remain vacant. 

A property management company in Columbia can help you manage properties no matter where you live or if you want to travel. 

 

Best Neighborhoods to Invest Around Columbia

Columbia offers a great urban-suburban environment, but there are many other neighborhoods perfect for single-families in the suburbs as well. 

Cayce is a small community where nearly 50% of the households are renters. The neighborhood is just a bit south of downtown Columbia and sits along the Congaree River. Homes in Cayce average 5 days on the market, so this community is hot for investors. 

West Columbia is another community where there are many renters. 45% of the households rent and homes are more affordable in West Columbia than other places in the metro area. 

Chapin has a lower population of renters but this tiny community with a population less than 2,000 is ranked as the second-best community to purchase a home in the Columbia area. Average rent is $1,200 and worth every penny, especially lakefront properties.

A property management company in Columbia can help investors decide which neighborhoods are the best for rental property profits. 

 

 

If you need property management services in Columbia, call Scott Properties of the Midlands at 803-951-0702.