Rock Hill vs Nearby Cities
Rock Hill offers some of the more affordable real estate prices in north-central South Carolina. The city’s median home value is around $150,000, and the median home price is often around $200,000. It’s common for buyers to pay $100 or less per square foot, and some neighborhoods offer homes with listing prices much lower. While these prices are comparable to some nearby cities like York, they are significantly lower than home prices seen in many other cities. For instance, the median listing price in Fort Mill can get close to $350,000 at times, and the median listing price in clover is often close to $300,000. It’s common for renters to pay a median rent price over $1,500 in this area of the state.
Rock Hill Property Managers
Most real estate investors and other property owners hire experienced managers for their own peace of mind. A property manager familiar with the local real estate market can help set competitive rental prices while ensuring that rent is paid on time, units remain occupied with qualified tenants and all areas of the property are maintained over time.
Rock Hill Property Management Company Fees
Most property managers charge a management fee in addition to a leasing fee. The management fee is typically below 10 percent of the gross rent collected but may go as high as 14 percent. The leasing fee is often taken from the first month’s rent paid by all new tenants brought in by the manager.
South Carolina Landlord/Tenant Laws
- South Carolina landlords may charge any dollar amount when assessing a security deposit.
- Once a tenant moves out of a rental unit, the landlord may take up to 30 days to return the security deposit.
- If a tenant believes that a landlord withheld their security deposit illegally, they may file a lawsuit worth up to $7,500 in damages.