How to Rent Your Vacation Home or Condo in Myrtle Beach, South Carolina

Vacation rental popularity has been on the rise in Myrtle Beach, South Carolina. While it may seem like there are already a lot of vacation rentals available for rent, the reality is that there are still plenty of unique and interesting properties to choose from. With the right strategy, your vacation rental can be an excellent way to generate more income and make money. There are a number of reasons why people choose to rent out their property as a short-term rental. Some people prefer to rent out their property when they take a trip because it gives them an extra source of income. Other people are looking for an alternative way to make money instead of having to work all year long. As long as you meet the requirements for becoming a short-term rental property owner, you can start making money right away.

Current Vacation Rental Trends in Myrtle Beach

During the month of September, North Myrtle Beach, for example, is projected to generate over $315/night for a 3 bedroom vacation rental, on average! There were 6,183 vacation active rental properties in Myrtle Beach.  6,135 are renting the entire place, and 48 are shared rooms.  On average, during the month of September 2022, each vacation rental property in North Myrtle Beach is booked 97% of the time, and most hosts are projected to generate $6,565 or more during the month of September! Is your home in Myrtle Beach, or another neighborhood in Myrtle Beach, South Carolina? See how much you could earn with your Myrtle Beach vacation rental.
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$315.00 Per Night*

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97% Occupied*

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$6,565.00 Per Month*

* Based on the median average of all vacation rentals in the Myrtle Beach area.
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Featured Myrtle Beach Vacation Rental Generating Record Profits with RedAwning

Isle of the Palms Starting at $643 to $643 per night!

Updates for 2022 include brand new master bath with full shower. New porch furniture on the oceanfront porch and the street side porch. New grill. New foos ball table in game room. New furniture added and updated kitchenware!
Direct Oceanfront Pet Friendly Home in the Golden Mile of Myrtle Beach. This great property has 6,000 square feet of living space. Fully equipped kitchen with an addtional full refrigerator in laundry room. Small bonus kitchen with small mini refrigerator in guest... Read More

This Myrtle Beach vacation home is presented on every travel website, where travelers are looking to book accommodations (Airbnb, VRBO, Expedia, Google Travel, and hundreds more). And, with RedAwning's dynamic pricing, daily rates are adjusted based on seasonality and demand in Myrtle Beach.

See how much your Myrtle Beach vacation rental could earn:

Successful short-term vacation rentals in Myrtle Beach, South Carolina

Negative vacation rental trends in Myrtle Beach, South Carolina when you considering renting out your Myrtle Beach home as a short-term rental In Myrtle Beach, South Carolina, there are a number of negative vacation rental trends that you should consider before choosing to rent out your home. These include: A lack of available housing options for tourists and vacationers. Due to the popularity of the area and its growing population, there is an increased demand for housing. This can make it difficult for those looking for short-term rentals to find a place to stay. As a result, it may be necessary to invest in extra property if you want to attract visitors. While this is not necessarily a bad thing, it can lead to higher rental costs if you don't plan ahead and have adequate resources available. Renting out your home will also put a strain on your finances. Not only will you have to pay for the short-term rental itself, but you'll also need to cover the costs associated with maintaining it (i.e., cleaning fees). This can become especially problematic if you're planning on making any renovations or improvements before renting out your property.

Whether you’re looking to book a vacation rental or just want to earn some extra cash, Myrtle Beach is a prime destination for visitors from all over the world. With its warm climate and sandy beaches, there are plenty of reasons why people flock here in search of relaxation. There are many benefits to renting out your Myrtle Beach home as a short-term vacation rental. One of the biggest advantages is that you can earn extra money without having to make any major changes to your property. You can also enjoy the freedom of staying in your own home without worrying about taking care of it during your absence. Another benefit is that you’ll be able to meet new people and make new friends while on vacation. In addition, you might be able to learn valuable skills that will help you achieve your goals in the future.

Revenue Projections for Vacation Rentals in North Myrtle Beach/Myrtle Beach, South Carolina during October, 2022

Based on a 3 bedroom, which is the most common Myrtle Beach vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in October. Higher bars below can command higher prices, if your Myrtle Beach vacation rental is available during these days.
 
$21685%1st
 
$20783%2nd
 
$20683%3rd
 
$20582%4th
 
$20483%5th
 
$20785%6th
 
$21886%7th
 
$21886%8th
 
$21285%9th
 
$20984%10th
 
$20883%11th
 
$20984%12th
 
$20984%13th
 
$21884%14th
 
$21783%15th
 
$20681%16th
 
$20380%17th
 
$20379%18th
 
$20480%19th
 
$20581%20th
 
$21481%21st
 
$20979%22nd
 
$20379%23rd
 
$20278%24th
 
$20178%25th
 
$20178%26th
 
$20278%27th
 
$20878%28th
 
$20476%29th
 
$19975%30th
 
$19872%31st
 

Average Daily Price & Percent Occupied Next Month In Myrtle Beach

Note: These averages are based on a 3 bedroom home in North Myrtle Beach. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our  free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.

Interested in learning how you can maximize your vacation rental revenue in Myrtle Beach, South Carolina?

If you are a speculative home buyer or have another home in South Carolina, check out our other South Carolina Vacation Rental Management reports in CharlestonGreenvillePawleys IslandHilton Head IslandNorth Myrtle BeachGarden City BeachSurfside BeachHilton HeadGarden City,  and Little River, South Carolina or view all of our vacation rental market reports

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