Columbia vs Nearby Cities
It’s common to see median listing prices around $200,000 throughout the central region of South Carolina, and Columbia fits that trend perfectly. The city’s median home value is around $130,000 much of the time, and the median listing price tends to stay securely below $200,000. Like Sumter, Camden and many other surrounding cities, it’s common for buyers to pay around $80 or less per square foot in Columbia. That doesn’t mean that there aren’t some nearby cities that offer slightly higher prices. For instance, the median listing price in Lexington may go over $200,000 at times, and the median price per square foot there is much closer to $100.
Columbia Property Managers
An experienced property manager will balance all elements of a rental business to ensure that all units remain in good condition, the accounting is handled proficiently and the property owner is kept up to date at all times. From communicating with tenants to overseeing renovations and routine maintenance duties, a property manager can help a property thrive.
Columbia Property Management Company Fees
You can expect to pay a professional property manager around 10 percent of the rent collected from your property each month. This rate ultimately depends on the services included in the contract, but the size, condition and location of your property may make a difference as well.
South Carolina Landlord/Tenant Laws
- When a tenant falls behind on rental payments, landlords are required to give them at least five days to pay the amount due or move out. After that period of time, the landlord may file for eviction.
- If a landlord has proof that a tenant is conducting illegal activity in their rental unit, the landlord can serve a quit notice requiring the tenant to move out immediately.