The short-term rental market in Garden City Beach, South Carolina, is thriving, with high demand, growing revenue, and strong occupancy rates, making it an attractive and profitable destination for vacation rental investors.
Thriving Short-Term Rental Market in Garden City Beach, South Carolina
Garden City Beach, South Carolina, is experiencing a robust short-term rental market, driven by high demand and favorable trends. The area is witnessing a significant uptake in vacation rentals, with a growing number of properties being listed on platforms like Airbnb, VRBO, and Expedia. According to recent metrics, the occupancy rates for short-term rentals in the broader Myrtle Beach area, which includes Garden City Beach, have seen a 3% increase year-over-year, reaching 42.30% for the week of November 3-9, 2024.
Dynamic pricing strategies, such as those employed by RedAwning, adjust daily rates based on seasonality and demand, ensuring maximum revenue for property owners. While specific average daily rates for Garden City Beach are not provided, the overall outlook suggests strong revenue potential, with growth expected in revenue per available room (RevPAR) in 2024. This positive trend, combined with the area's attractive oceanfront views, fully equipped kitchens, and laid-back atmosphere, makes Garden City Beach an excellent choice for both investors and travelers.
Short-Term Rental Regulations in Garden City Beach, South Carolina for 2024
While specific detailed regulations for Garden City Beach are not extensively outlined in the sources, here are some general and relevant regulations that typically apply to short-term rentals in South Carolina, including those that might be relevant to Garden City Beach:
State-Level Requirements
- State Accommodations Tax: 2% tax on all short-term rentals.
- State Sales Tax: 5% tax on all short-term rentals.
- Retail License: Required to file and pay state accommodations tax.
Local Requirements
General Local Regulations
- Business License: Necessary for operating a short-term rental. This license is usually valid for one year and must be renewed annually.
- Short-Term Rental Permit: Typically required and involves an application fee and annual permit fees. The fees can vary by location.
Specific Requirements Common in South Carolina Cities
- Proof of Ownership: A copy of the current deed showing the name(s) of all property owners.
- Parking Plan: A detailed drawing of the property's parking layout showing all available parking spaces for guests.
- Floor Plan: A detailed floor plan for each level of the rental unit, including the attic, labeling each room and indicating the number of beds.
- Operation Plan: Outlines the day-to-day operations of the short-term rental, including the number of employees and best management practices.
- Fire Safety Acknowledgement Form: May be required in some areas.
- Accommodations Tax License: Annual license required to remit accommodations taxes.
- HOA or POA Approval: If applicable, a letter of approval from the homeowners' association or property owners' association may be required.
Additional Local Compliance
- Zoning Restrictions: Short-term rentals may be restricted in certain zoning districts. For example, in Myrtle Beach, they are generally not allowed in residential neighborhoods.
- Safety Inspections: Allow safety inspections with a 24-hour notice.
- Guest Records: Keep records of guest information for two years.
- Emergency Contact: Have an emergency contact available at all times.
- Advertising Compliance: Include the STR permit number in all online advertising.
Specific to Garden City Beach
Since detailed regulations specific to Garden City Beach are not provided in the sources, it is advisable to consult the local city or county government for precise requirements, as regulations can vary significantly by location.
High-Revenue Neighborhoods for Airbnb in Garden City Beach, South Carolina
Why These Neighborhoods Are Appealing
Garden City Beach, known for its attractive beachfront properties and vibrant vacation rental market, has several neighborhoods that stand out for their high revenue potential and guest appeal. Here are some of the top neighborhoods:
1. Ocean Drive Beach
- Appeal: This area is highly rated for its proximity to entertainment, including an amusement park, pavilion on the beach, live beach music, and shag dancing clubs. The condos here offer spectacular ocean views and are within walking distance to various dining options.
- Revenue Potential: With fully equipped kitchens, beach amenities, and renovated condos, hosts can command high daily rates, especially during peak seasons.
2. The Dunes
- Appeal: Located in a premier oceanfront section of Myrtle Beach, this area offers direct beach access, indoor and outdoor pools, hot tubs, and stunning views from every window. The condos are fully renovated and equipped with everything needed for a comfortable vacation.
- Revenue Potential: The high demand for these luxurious and well-equipped condos translates into higher occupancy rates and daily rates, making it a lucrative option for Airbnb hosts.
3. Crescent Beach
- Appeal: Known for its cozy oceanfront condos and cottages, Crescent Beach offers scenic balconies, master bedrooms with fantastic views, and a tranquil atmosphere. Guests can enjoy sunrises over the water and moonlit strolls along the beach.
- Revenue Potential: The high ratings and positive reviews from guests indicate a strong demand for these properties, allowing hosts to generate significant revenue.
4. Murrells Inlet
- Appeal: While not directly in Garden City Beach, Murrells Inlet is nearby and offers attractive vacation rentals. Properties here are known for their oceanfront views, fully equipped kitchens, and proximity to local restaurants and attractions. During November, for example, 3-bedroom vacation rentals can generate over $237 per night.
- Revenue Potential: The combination of oceanfront views, well-equipped amenities, and high nightly rates makes Murrells Inlet an attractive and profitable area for Airbnb hosts.
Key Factors
- Proximity to Beach and Amenities: All these neighborhoods offer direct or easy access to the beach and various amenities such as pools, hot tubs, and local dining options.
- High Guest Satisfaction: Properties in these areas are highly rated by guests, ensuring repeat bookings and positive reviews.
- Seasonal Demand: The areas benefit from high seasonal demand, particularly during peak vacation months, which drives up occupancy rates and daily revenue.
These factors collectively make these neighborhoods in and around Garden City Beach highly appealing for guests and lucrative for Airbnb hosts.
Creating an Inviting Airbnb in Garden City Beach, South Carolina: Design and Furnishing Tips
Tips for Design and Furnishing
1. Embrace Coastal Charm
- Incorporate nautical themes, such as blue accents, sea-glass colors, and coastal-inspired artwork to reflect the beachside location.
2. Use Light and Airy Colors
- Opt for white or light-colored furniture, especially in darker spaces, to create a coastal and airy feel. This is particularly effective in bedrooms and living areas.
3. Select Durable and Quality Furniture
- Choose furniture that is both stylish and durable, as it will need to withstand frequent use by guests. Consider the quality and material of each piece to ensure longevity.
4. Adapt to Unexpected Challenges
- Be prepared for unexpected design dilemmas, such as ill-fitting furniture or damaged items. Have a plan for finding local replacements or alternatives that fit your design vision.
5. Utilize Local Resources
- Explore local furniture stores and markets to find unique pieces that enhance the space and reflect the local style. This can also help in finding quick solutions to design problems.
6. Balance Bold Colors
- If using bold or vibrant colors, ensure they are balanced throughout the room. For example, if you have a bold-colored sofa, balance it with neutral accents to avoid overwhelming the space.
7. Add Textiles and Plants
- Use throw pillows, quilts, and curtains in coastal colors to add texture and warmth. Incorporate plants or faux plants to bring in a natural element and enhance the ambiance.
8. Ensure Functional Layout
- Design the space with functionality in mind. Ensure that the layout is open and inviting, with ample space for guests to move around comfortably. Consider the flow of the room and the placement of furniture.
9. Incorporate Outdoor Elements
- If possible, extend the design to outdoor areas. Use outdoor seating, BBQ areas, and decorative elements that complement the indoor design and take advantage of the beach location.
10. Pay Attention to Details
- Small details such as beach-themed decor, board games, and beach accessories can make a significant difference in creating a welcoming and inviting space for guests.
By following these tips, you can create an Airbnb in Garden City Beach that not only reflects the city's unique style but also provides a comfortable and inviting space for your guests.
Local Attractions and Insider Tips for Garden City Beach, South Carolina
Local Attractions
Beaches and Waterfront
- Garden City Beach: Enjoy the pristine beaches, perfect for a lazy afternoon or an active day of swimming and sunbathing.
- Murrells Inlet Beach: Another beautiful beach option with a historic and scenic waterfront.
Piers and Fishing
- The Pier at Garden City: A 668-foot pier with a rain shelter, bar, and nightly live music during the tourist season. Great for fishing, strolling, or people watching.
Nature and Parks
- Huntington Beach State Park: Known for its pristine beach, wooded hiking trails, and historic Atalaya Castle.
- Brookgreen Gardens: A large sculpture garden and wildlife preserve with tours, programs, and a blend of art, nature, and history.
Dining and Nightlife
- Murrells Inlet Marsh Walk: A boardwalk with seven restaurants offering a variety of food and drinks, from seafood to burgers.
Family-Friendly Activities
- Garden City Golf Cart Parade: A unique Fourth of July tradition featuring decorated golf carts, a fun event to participate in or watch.
- Family Kingdom Amusement Park: An old-time amusement park with over 30 rides, including a wooden roller coaster and a Log Flume.
- Myrtle Waves Water Park: An award-winning water park with a kids' water lagoon, wave pool, and lazy river.
Other Attractions
- Garden City Pavilion Arcade: Offers a variety of games, virtual reality, go-karts, laser tag, and more.
- Barefoot Landing: A shopping and dining complex in North Myrtle Beach with various stores and restaurants.
- Broadway at the Beach: A vibrant area in Myrtle Beach with shopping, restaurants, and attractions.
Insider Tips
Transportation
- Coast RTA Bus System: A convenient public transportation option operating seven days a week, covering Garden City and other nearby areas.
Events and Seasonal Activities
- Hurricane Season: Be aware that Garden City can be affected by hurricanes; check weather forecasts and local advisories during your visit.
- Summer Temperatures: Expect temperatures in the 80s and 90s during summer; plan accordingly with sunscreen, hats, and hydration.
Local Favorites
- Seafood: Murrells Inlet is known as the “Seafood Capital of South Carolina.” Enjoy fresh seafood at one of the many local restaurants.
- Golfing: Garden City and its surroundings offer several golf courses, including the TPC of Myrtle Beach and Indian Wells Golf Club.
Community Events
- Nightly Entertainment at The Pier: Enjoy live music and other activities at the end of The Pier at Garden City during the tourist season.
By providing these local attractions and insider tips, you can help your Airbnb guests make the most of their visit to Garden City Beach, South Carolina.
Practical Tips to Run a Successful Short Term Rental Business in Garden City Beach, South Carolina
To ensure a smooth and enjoyable experience for both you and your guests, here are some practical tips for running a successful short-term rental business in Garden City Beach, South Carolina.
Noise Regulations and Quiet Hours
Inform your guests about noise regulations and quiet hours to maintain a respectful environment for neighboring properties. Include this information in your digital and physical house manual, and consider posting reminders in the rental property.
Creating a Comprehensive House Manual
Develop a detailed digital and physical house manual that includes essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should also outline house rules, parking instructions with photos, and any specific safety guidelines.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide clear instructions on how to use the smart locks and ensure that guests have all necessary access codes before their arrival.
Parking Instructions with Photos
Include detailed parking instructions in your house manual, accompanied by photos to help guests understand where and how to park. This can help prevent parking issues and ensure a smooth arrival experience.
By implementing these tips, you can enhance guest satisfaction, reduce potential issues, and maintain a positive reputation for your short-term rental business in Garden City Beach.
Here is a brief list of house cleaning providers in or near Garden City Beach, South Carolina:
House Cleaning Services
The Clean Up Club
- Offers professional, licensed, bonded, and insured cleaning services in Garden City Beach, SC.
- Services include:
- Move In/Move Out Cleaning
- Spring Cleaning
- Residential Cleaning
- Office Cleaning Services
- New Construction Cleaning
- Vacation Rental/Beach House Cleaning
- Linen Rental Services.
If you are looking for repair or maintenance services, the provided sources do not specifically mention companies that offer these services in Garden City Beach. However, companies like Coastal Cleaning Services, which operate in the nearby Myrtle Beach area, may also offer or recommend maintenance services, although they are not explicitly listed for Garden City Beach.
Short-Term Rental Management Fees in Garden City Beach, South Carolina
In Garden City Beach, South Carolina, short-term rental management fees can vary significantly based on the level of service provided. Typically, these fees range from 10% to 30% of the rental revenue. Full-service management, which includes comprehensive services such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum. For instance, companies like Garden City Realty offer end-to-end solutions that include managing occupancy rates, maintaining properties, and handling all aspects of guest services, often charging around 10% to 15% or more of the rental income.
On the other hand, basic services that may only include tenant placement or minimal management can cost less. Additional fees may also be incurred for services like cleaning, repairs, or property design and furnishings. These extra costs can add to the overall expense but are often necessary to maintain the property's appeal and functionality.