How to Set Up a Short Term Rental in Myrtle Beach
Summary
This episode of The Short Term Show focuses on setting up a short-term rental in Myrtle Beach, South Carolina. The hosts discuss essential hardware like smart locks and cameras, emphasizing considerations for condo buildings and the challenges of the salt air environment. They also cover software options for property management, including OwnerRez and Hospitable.
Key Insights
- •Condo buildings in the Myrtle Beach market often have restrictions on exterior cameras due to HOA policies and security officers on site.
- •Salt air in beach markets can corrode smart locks, leading to battery depletion and potential lock failures. Consider the impact of the environment when choosing hardware for STR properties.
Action Items
- ✓Change locks immediately upon acquiring a property to ensure security. Also, have a backup plan for getting keys or key cards to guests, especially for condos.Effort: lowImpact: high
- ✓Consider installing a smart lock for convenience and a means to potentially monitor HVAC settings. Also look into silica gel packs to keep the locks from corroding.Effort: lowImpact: medium
Tools & Resources
- →OwnerRez, Hospitable: The hosts recommend OwnerRez as a property management software, though it's considered robust and harder to learn. They also recommend Hospitable as an easier to use option.
- →Schlage and Yale: The hosts mention using smart locks from Schlage and Yale.
Common Mistakes
- ⚠Failing to account for condo regulations on cameras and locks, as well as the effects of the salty air, can lead to compliance issues and maintenance headaches.
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