This update below is from Keith Miller from Miller Long Term Rentals on Hilton Head Island.  We have asked him to take a look at where we have been to get a better understanding of where we may be going.

These market trends help us better adapt to this changing market and help us guide our clients and customers as they research Hilton Head Real Estate.

Rental Demand is Strong on Hilton Head

The business for long term rentals has been excellent this past year. We experienced a banner year. The demand for long term rentals continues to be strong, partly because people are moving to the area and property owners are losing property to forclosures and short sales. Many owners who once had equity built up in their homes are now finding themselves without the appreciation that many home owners used for purchasing second homes or toward a primary residence, making renting a home a matter of necessity.

We need more homes to rent on Hilton Head

We feel that the demand for rental properties  this Summer will increase and the lack of inventory will make it difficult for prospective renters to find a home that meets their needs. We are seeing the average the length of a rental period increasing from the traditional 12 month lease to longer terms, as buyers need more time to save for purchasing a home.

Buy a Hilton Head Home now and rent if for later

If anyone is thinking of buying a home, whether it is as an investment property or a home that they feel they would like to live in at a future date, but need to have a source of income to help with the carrying cost, they can call or email our office for a consultation with their real estate agent to help them in finding the right property that will provide the best rental return to accomplish their goal.

Please feel free to contact Keith direct below:

Keith A. Miller, PMiC
Miller Long Term Rentals Inc.
4 Dunmore Court, Bldg. A, Suite 102
Hilton Head Island, SC 29926
843-682-4310, Fax 843-682-4316

This information is brought to you by and Robbie Bunting.  You may contact us at (843)842-0805 or email us at .  Here are the greatest properties for sale in the Hilton Head area.