Market Leaders
Isle of Palms
Mount Pleasant
Mt Pleasant
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Headquarters Los Angeles, California
Employees 275
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Manages 154 properties, 7 in Mt-pleasant
Headquarters South Carolina
Employees 23
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Headquarters Mt Pleasant, South Carolina
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Talk To An AdvisorMount Pleasant, South Carolina, has emerged as a premier vacation destination, attracting visitors from across the country with its picturesque beaches, vibrant local culture, and proximity to the historic city of Charleston. The short-term rental market in Mt Pleasant has experienced significant growth in recent years, driven by the increasing popularity of platforms like Airbnb and VRBO, as well as the area's reputation as a desirable coastal getaway.
According to industry data, the Mt Pleasant short-term rental market has seen a steady increase in both the number of listings and overall revenue. In 2023, the market boasted over 1,200 active vacation rental properties, generating an estimated $85 million in total revenue. This growth has been fueled by the area's natural beauty, mild climate, and abundance of outdoor recreational activities, making it a sought-after destination for families, couples, and groups alike.
The top vacation rental managers in Mt Pleasant have consistently outperformed the market, leveraging their expertise and local knowledge to maximize the performance of their properties. On average, the leading vacation rental managers in the area have achieved occupancy rates of 75-85%, with average nightly rates ranging from $200 to $400, depending on the size, amenities, and location of the property.
In terms of revenue, the top-performing vacation rental managers in Mt Pleasant have generated an average of $50,000 to $100,000 per property annually, with some high-end properties and premier locations exceeding $150,000 in annual revenue. These impressive figures underscore the potential for savvy property owners to generate substantial returns on their investment through professional vacation rental management. (For more detailed performance data, please refer to the Market Overview section.)
The Mt Pleasant property management market is highly competitive, with a diverse array of companies vying for a share of the lucrative vacation rental market. While the market is dominated by a few well-established players, such as Charleston Rental Properties and Island Realty, there are also a number of smaller, boutique firms that have carved out their own niche by offering specialized services or catering to specific property types or neighborhoods.
The key to success in this competitive landscape is the ability to differentiate one's services and provide a level of personalized attention and expertise that sets them apart from the competition. Factors such as local market knowledge, innovative marketing strategies, and a commitment to exceptional customer service have become essential for vacation rental managers looking to stand out in the crowded Mt Pleasant market.
Charleston Rental Properties: As one of the longest-standing and most respected property management companies in the Charleston region, Charleston Rental Properties has established a strong presence in the Mt Pleasant market. With over 50 years of combined experience, the company offers a comprehensive suite of services, including market analysis, property marketing, tenant screening, and 24/7 maintenance support.
Island Realty: Specializing in vacation rentals on the Isle of Palms and surrounding areas, Island Realty has also made a significant impact in the Mt Pleasant market. The company's deep understanding of the local market, coupled with its commitment to personalized service and innovative marketing strategies, has allowed it to consistently deliver strong results for its clients.
Palmetto Vacation Rentals: As a relative newcomer to the Mt Pleasant market, Palmetto Vacation Rentals has quickly established itself as a formidable player in the property management space. The company's focus on leveraging technology and data-driven insights to optimize the performance of its properties has helped it gain a loyal following among property owners and guests alike.